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 9.3% over the past five years*.
* CAGR of the net profit in the years 2019-2024 (2024 normalized).
2024 at a Glance*: Steady Growth and Expansion
- Loan Portfolio Surge: Our balance sheet reflects a robust increase, with the loan portfolio escalating to an estimated $2,113 million from $1,805 million in Q1 2023.
- Lending Volume: From January to March 2024, we’ve provided loans totaling $571 thousand, marking a 10.8% decrease over the same period last year, due to risk appetite reduction.
* The data is presented according to the dollar-shekel exchange rate as of March 31, 2024.
Key financial metrics*
| Metric | Q1 2024 | Q1 2023 | Change |
|---|---|---|---|
| In USD thousands | |||
Revenue |
86,859 |
86,441 |
0.5% |
Net income |
12,421 |
12,710 |
(2.3%) |
Equity |
355,049 |
325,337 |
9.1% |
Dividend yield |
1.6% |
1.7% |
(5.9%) |
*The data is presented according to the dollar-shekel exchange rate as of March 31, 2024.
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 Q1 2024 we've issued mortgages worth $56.9 million, a staggering 28.6% increase from Q1 2023.
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 $8,515 million in loans since inception. In the first quarter of 2024, revenues from Loans reappraisal soared to $24.0 million, 30.0% increase from the Q1.23, 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.