Investing in Market Savvy Minds
15 minutes stay.
0%
-
₪0
Opening Rate
₪0
Closing Rate
₪0
Trade Volume
₪0
About Us
Mimun Yashir is a true visionary. We are proud to have revolutionized the way private customers obtain loans. We continue to be among the leaders in the vehicle loan market, maintaining our status as one of Israel's foremost consumer credit companies.Financial Data and Public Disclosures
Let's Discuss the Figures
Stock Price
Beyond Financing: Your Complete Automotive Solution
CARWIZ
CARWIZ is an innovative digital platform that connects buyers seeking second-hand cars with vehicle dealerships all over Israel. The platform matches the right car using extensive data collected from various sources. Results are presented in a convenient and user-friendly manner, and most importantly, the data is unbiased and reliable.
Auto Magazine
Auto Magazine was established in 1986 and has since become a leader in the field of automotive in Israel. The magazine provides in-depth reviews, vehicle comparisons, news and road tests of new and used cars. And that's not all. the Auto website also provides pre-purchase consulting services for new or pre-owned cars. Over the years, Auto has expanded itself to digital media, and at present, it continues to lead with quality content for car enthusiasts, drivers and buyers.
Innovation, Growth and Technological Agility – An Overview of Our Performance in 2024
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 9.2% over the past five years*.
* CAGR of the net profit in the years 2019-2024.
2024 at a Glance*: Steady Growth and Expansion
• Loan Portfolio Surge: Our balance sheet reflects a moderate increase, with the loan portfolio escalating to an estimated $2,221 million from $2,031 million in 2024. • Lending Volume: From January to December 2024, we’ve provided loans totaling $2,317 thousand, marking a 0.59% increase over the same period last year.
* The data is presented according to the dollar-shekel exchange rate as of December 31, 2024.
Key financial metrics*
*The data is presented according to the dollar-shekel exchange rate as of December 31, 2024.
**Calculated as the dividend disturbed in the relevant quarter divided to the stock price in the last day of the quarter.
Significant events during the reporting period
The Iron Swords War broke out in October 2023. The war exerted significant and adverse effects on the Company’s results due to a decline in new loans and a significant increase in credit loss expenses. However, From January to December 2024, the new loans volume and credit loss expenses returned to its pre-war levels (loan provision, improvement in credit loss levels and continued growth in the mortgages market).
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 2024 the mortgage division net income was 14.26 million, while in the corresponding year the mortgage division was -0.6 million.
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 $9,624 million in loans since inception. From January to December 2024, revenues from Loans are $77.7 million, 2.9% increase from the January to December 2023, reflecting our dynamic and responsive market strategy.
