Driving Financial Success in Israel
Direct Finance, publicly traded on the Tel Aviv Stock Exchange, stands at the forefront of Israel’s consumer credit market. Our dual expertise in facilitating car purchase loans and providing competitive mortgage options sets us apart as a beacon of financial innovation and strength. Our commitment to advancing solutions and technological agility has fueled an impressive annual growth rate of approximately 8.6% over the past five years1.
1
CAGR of the net profit in the years 2019-2024 (2024 normalized).
2024 at a Glance2: Steady Growth and Expansion
- Loan Portfolio Surge: Our balance sheet reflects a robust increase, with the loan portfolio escalating to an estimated $2,123 million from $1,913 million in Q2 2023.
- Lending Volume: From January to June 2024, we’ve provided loans totaling $1,097 thousand, marking a 8.07% decrease over the same period last year, due to risk appetite reduction.
2
The data is presented according to the dollar-shekel exchange rate as of June 30, 2024.
Key financial metrics3
| Metric | Q2 2024 | Q2 2023 | Change |
|---|---|---|---|
| In USD thousands | |||
Revenue |
97,407 |
95,111 |
2.4% |
Net income |
7,196 |
9,504 |
(24.3%) |
Equity |
354,355 |
325,942 |
8.7% |
Dividend yield4 |
0.93% |
1.32% |
(29.8%) |
3 The data is presented according to the dollar-shekel exchange rate as of June 30, 2024.
4 Calculated as the dividend disturbed in the relevant quarter divided to the stock price in the last day of the quarter.
Mortgage Momentum
In the third quarter of 2022, We proudly unveiled our mortgage division, setting a new standard in the market with our tailored financial solutions. We've seen exponential growth, a testament to our market-responsive offerings. In just Q2 2024 the mortgage division net income was 2.0 million, while in the corresponding quarter the mortgage division still loss making.
A Hybrid Model of Financial Innovation
Our hybrid financial model sets us apart, combining direct lending with strategic loan assignments. This approach has allowed us to assign over $8,699 million in loans since inception. From January to June 2024, revenues from Loans reappraisal soared to $33.3 million, 10.2% decrease from the January to June 2023, reflecting our dynamic and responsive market strategy.
Invest in Direct Finance
With Direct Finance, you're not just investing in a company but in a philosophy of continuous growth and innovation. We invite you to join us as we redefine consumer credit in Israel and deliver sustained value to our investors. For a partnership that grows with you, choose Direct Finance.