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New housing in Ashkelon Photo: Shutterstock Yuri Dondish Mortgage risk rises

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

Alex Ginzburg, Ruthi Furman and Ido Vigdor Credit: Viola Credit Viola Credit closes $700m fintech startup fund

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

Mizrahi Tefahot Credit: Eyal Izhar Mizrahi Tefahot suspends dividend despite record profit

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

Bank Leumi branch credit: Eyal Izhar Leumi posts NIS 1.6b Q1 profit; declares reduced dividend

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

Yoni Assia CEO eToro Photo: PR eToro SPAC merger likely to be canceled

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.

Asset sales boost Discount Bank's Q1 profit

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.

Bank Hapoalim  credit: Tamar Matsafi Hapoalim posts NIS 1.65b Q1 profit but still no dividend

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.

Regulator approves WeSure takeover of Ayalon

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

Unit Finance Inc.  credit: Unit Finance Unit Finance reveals $100m raise at $1.2b valuation

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

Mortgages credit: Shutterstock Mortgage lending falls back

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

Adi Gazit with Kikar Hamedina project in background  credit: Gadi Sierra Bareket Capital obtains NIS 1.7b loan for Kikar Hamedina project

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

Leumi HQ and Beit Mani Credit: Eyal Izhar Bank Leumi sells Tel Aviv head office for NIS 623m

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

Erez Migdali  credit: Migdal Insurance Migdal takes stake in global data centers co

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

Moshe Bareket  credit: PR New draft rules give savers choice on pension fund fees

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

Growth Photo: Shutterstock Israeli startups switch to loans as valuations fall

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

Yoram Naveh  credit: Cadya Levy Clal Insurance set to buy credit card co Max

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

Ron Daniel  credit: Geva Talmor Meitav Dash jumps as fintech unit Liquidity secures funding

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

Haredi women in technology jobs CAL-ICC launches Ashdod call center employing haredi women

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

New construction in Ashkelon Photo: Shutterstock March mortgage taking in Israel hits new record

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

Papayal Global founders Ruben Drong, Einat Guez and Ofer Herman Photo: Ira Prokhorov Papaya Global buys UK payments co Azimo

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.

Digital shekel may never happen

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.

Daniel Schreiber and Shai Wininger Photo: Shlomi Yosef Lemonade to offer climate insurance for African farmers

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

Gil Mandelzis Photo: Eyal Touaeg Fintech co Capitolis raises $110m at $1.6b valuation

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

Mortgages Photo: Shutterstock Mortgage taking in Israel at record levels in February

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

Tom Vakhnin and Assaf Cohen Photo: Pay.com Teddy Sagi returns to online clearing with Pay.com

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.

Avishay Ovadia Giving banks the boot

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

Lendai team Photo: Raz Rogovsky Israeli fintech co Lendai raises $35m

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

Israel Discount Bank Photo: Shutterstock Discount Bank posts record profit as mortgages grow 26%

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

Hanan Friedman Photo: Oren Dai Bank Leumi triples annual profit

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.

Bank Hapoalim  credit: Eyal Izhar Bank Hapoalim 2021 profit up 149%

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

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