Globes 20.05.16
“It is not economical for banks to do what we intend to do” Zvi Ziv, Uri Paz and Peninsula executives, who won the tender to establish a fund that will provide financing to medium-sized businesses, talk about the fund’s goals, how it is supposed to contribute to economic growth, and are aiming for an […]
THEMARKER 24.02.16
Peninsula continues to grow: Total credit extended in 2015 increased by 33% to approximately NIS 1.6 billion The check discounting company, recently acquired by Meitav Dash, ended 2015 with a net profit of approximately NIS 8.5 million, representing a 14.6% return on equity ■ CEO Micha Avni: “The changes currently taking place in the business […]
Calcalist 24.02.16
Peninsula financed transactions worth NIS 1.6 billion in 2015; average interest rate – 10.4% The non-bank credit company recorded a return on capital of 14.6% last year – relatively low compared to what is common in the industry; net profit amounted to NIS 8.5 million.
THEMARKER 31.12.15
Peninsula’s “Private Equity”: Raised 322 Million Shekels – and Will Establish a Fund for Small and Medium Businesses The foundation was established after Peninsula won a tender published by the Ministry of Economy. ■ The foundation will be managed, among others, by Zvi Ziv – former CEO of Bank Hapoalim, Uri Paz – former CEO […]
THEMARLER 25.11.15
Peninsula: Net profit in January-September increased by 34% to NIS 5.6 million The check discounting company’s credit portfolio amounted to approximately NIS 368.6 million at the end of the quarter ■ Recently, the investment house Meitav Dash acquired control of Peninsula for approximately NIS 50 million ■ Ilan Raviv, CEO of Meitav Dash, was appointed […]
THEMARKER 21.10.15
Peninsula: “Why do they say we are not supervised? We publish prospectuses and are supervised by the Securities Authority” Peninsula CEO Micha Avni believes that the banks are trying to torpedo the reform that allows non-bank entities like Peninsula and Navi Brothers to issue bonds in the amount of up to NIS 2.5 billion.
Globes 21.10.15
Peninsula CEO: “Kahlon and Cohen are giving in to the banks instead of creating competition” Uncertainty in the financial system surrounding Kahlon’s reforms ■ Micha Avni: “If they fold here, they will fold in other things as well and everything will be messed up” ■ Also: The issue that threatens to stall competition the […]
Globes 12.10.15
Meitav Dash completes acquisition offer for Peninsula; will invest NIS 51 million in the company The offer is part of Meitav Dash’s investment deal with Peninsula that was signed in August. The Meitav Dash investment house, managed by Ilan Raviv, will hold 34% of the non-banking credit company Peninsula, which is traded on the […]
Calcalist 14.08.15
Meitav Dash invests 29 million shekels in Peninsula This is in exchange for 20% of the company’s capital, which is engaged in providing credit to small and medium-sized businesses; in addition, the investment house will publish a private purchase offer to purchase additional shares at a value of NIS 125 million.
Globes 04/05/15
Uri Paz joins forces with Zvi Ziv in managing a credit fund The two joined forces with the non-banking credit company Peninsula to manage the fund. ■ This is a credit fund for small and medium-sized businesses with a volume of up to NIS 450 million, with the state investing approximately NIS 100 million.