FINANCIAL SERVICES
Pagaya's market cap surges past $16b
The fintech company has overtaken Check Point to become Israel's second most valuable company, after its share price skyrocketed 900% in two weeks.
Mortgage taking in Israel rose strongly in May
Mortgage lending totaled NIS 12 billion last month, the Bank of Israel reports, the second highest amount of mortgages taken this year, only beaten by the all-time record high of NIS 13.4 billion in March.
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.