FINANCIAL SERVICES

Analysis by the Bank of Israel finds that loan-to-value and payment-to-income were at peak levels for mortgages taken in April.

The funds have been raised from Israeli institutional investors including banks, insurance companies and investment houses.

Despite a 71% increase in profit, the Israel bank will not distribute a dividend due to the accelerated growth in credit to the public.

Unlike Bank Hapoalim, Bank Leumi will pay a divided on its first quarter profit, but only 20%, to meet capital adequacy requirements.

The Israeli online trading platform could raise up to $690 million in a private financing round, probably at well below the $8.8 billion valuation of the planned merger.

Sales of two building sin Tel Aviv plus growth in the credit portfolio helped bring the bank's firts quarter profit to NIS 983 million.

Because of rapid credit growth, requiring a high capital allocation, the bank has decided not to declare a dividend for the second quarter in succession.

After Ayalon complied with the Concentration Law and WeSure's owners received a control permit, the NIS 463 million deal can be completed.

The Israeli-US embedded finance company closed the round before the valuation bubble began to burst.

The total of new mortgages in April was 22% down on March, but still relatively high for the month of the Passover holiday.

The residential tower project in central Tel Aviv, in one of Israel's most prestigious neighborhoods, will take five years to complete.

Sella Capital Real Estate is buying the historic Beit Mani and adjoining 13-floor building in Yehuda Halevi Street.

Insurance group Migdal has participated in the acquisition of CyrusOne, its first equity investment in the field.

Pension funds will be allowed to charge direct expenses only on certain kinds of investment.

As the market cools, privately-held tech companies increasingly prefer raising capital through loans rather than venture capital equity deals.

Clal Insurance Enterprise Holdings has signed an MOU with Warburg Pincus and its partners to buy Max for NIS 2.47 billlion.

Automated credit company Liquidity is raising up to $50 million from Apollo Global Management, MUFG Innovation Partners, Spark Capital, and others.

The credit card company has had such a call center in Modi'in Ilit for a decade.

With a rate hike imminent, mortgage taking in Israel exceeded NIS 13 billion this month, according to Mizrahi Tefahot Bank EVP Ofir Morad.

The aim of the acquisition is to provide Papaya Global with new options for existing customers and employees to make fast payments to global teams.

Yoav Sofer, who is in charge of the digital shekel project for the Bank of Israel, says it is still not a question of when but if.

The Israeli digital insurance company will offer farmers in emerging markets climate insurance at cost price through The Lemonade Foundation.

The Israeli company enables banks, investors and institutional clients to expand their reach through a collaboration platform.

Israelis took mortgages worth almost NIS 11.23 billion in February 2022, according to figures published by the Bank of Israel.

Pay.com has not raised money from outside investors and according to cofounder and co-CEO Tom Vaknin is based on a line of credit of $100 million extended by Sagi.

Just as Wikipedia decentralized information, so the decentralized economy seeks to wrest control of money from the corporations.

Lendai enables foreign non-resident borrowers investing in the US residential market to access financing.

The bank's net profit for 2021 was NIS 2.77 billion, 184% more than in 2020.

The profit for 2021 of NIS 6 billion is by some way the largest among Israel's banks. Leumi has declared a NIS 588 million dividend for the fourth quarter.

The rise is thanks to a reversal of credit loss provisions and increased credit activity, particularly in home loans.