THEMARKER 09.08.17
Peninsula’s net profit rose by 16%; credit portfolio grew by about half a billion shekels Net profit in the first half of 2017 amounted to approximately NIS 8.6 million, an increase of 44.7% compared to the same period in 2016 ■ Approximately 45% of Peninsula’s customer credit portfolio is directed to “sub-accounting” activity, that is, […]
THEMARKER 23.07.18
“Impressive potential and 24% upside”: Value Base’s recommendation on the non-bank credit stock Analyst Meir Slater from Value Base began reviewing Peninsula stock: “There is significant growth potential in the non-bank financing market in Israel, especially in the small and medium-sized business sector, in which the company operates.”
Globes 17.07.18
A new digital bank? This is a PR exercise The regulatory burden in Israel serves the big banks and does not allow credit companies to grow. A new digital bank? It seems that the recent announcement by the Bank of Israel and the Banking Supervisor about the establishment of a new digital bank is […]
THEMARKER 23.05.18
Peninsula reported another quarter of growth due to an increase in the customer credit portfolio Peninsula, which provides credit to small and medium-sized companies, increased its revenue in the first quarter of 2018 by approximately 3% compared to the corresponding quarter. ■ Profit before tax increased by 7% to NIS 6.3 million.
THEMARKER 14.03.18
Peninsula: Credit portfolio grows by 15%; check discounting companies account for 40% of revenue The non-banking financing company controlled by Meitav Dash earned NIS 19.2 million in 2017 ■ The board of directors announced a dividend of NIS 12 million in April ■ Micha Avni, CEO of Peninsula: “We continue to see a multi-year trend […]
THEMARKER 06.03.18
Credit Union: Allow non-bank financing entities to raise deposits from institutions The Credit Union, which represents entities such as Peninsula and Opel Balance, is interested in expanding the scope of capital market funding, so that it can compete with banks in providing credit. ■ The union’s chairman in a letter to Kahlon: “We are being […]
THEMARKER 04.02.18
Competition is expanding: Salinger granted a license to provide credit to four companies The licenses were granted to the Peninsula Group and the Navi Group, as well as to new companies that have not yet started their operations – Prepaid and Cellario.
Globes 14.11.17
Meitav Dash increased its stake in the non-banking financing company Peninsula The investment house purchased about 3.5% of the shares outside the stock exchange for about NIS 10 million, based on a company value of NIS 300 million, and its share in Peninsula increased to 52% ■ “We believe in the potential for the […]
THEMARKER14.08.17
Peninsula expands financing activities: will allocate NIS 200 million to provide medium-term loans The loans will be granted up to an amount of NIS 15 million, to companies with a turnover of more than NIS 100 million ■ The fund will be based on Peninsula’s independent sources ■ So far, Peninsula has granted short-term loans […]
Calcalist 22.05.17
Peninsula summarizes the first quarter: a 90% jump in net profit The non-bank credit company reported a profit of NIS 4.38 million, which stemmed mainly from the expansion of its credit portfolio – from NIS 384 million to about NIS 500 million.