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, checks that undergo several discounting operations at a high effective interest rate