Earns interest and fees on non-bank credit extended against pledged assets, external guarantors and discounted post-dated cheques, with activity now limited to collecting an existing loan book.
Geographic Exposure
IsraelN/A
Revenue Drivers
Non-bank credit provision and discounting
Interest and fees on loans and discounted notes extended to business borrowers
CORE100%
End Markets
Small and medium businesses
Secondary suppliers to construction and infrastructure projects
Borrowers able to pledge assets or provide guarantors
Businesses holding post-dated customer cheques
Specializations
Faster credit decisions and simpler contracting than banking corporationsFlexible collateral requirements relative to banking corporationsRegistration of pledges over borrower assetsPersonal guarantees obtained from cheque drawersVerification that discounted notes relate to already completed commercial transactionsCollection and recovery of a distressed legacy credit portfolio
