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@ Layer3.news
2025-02-25 06:48:01
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THE REAL ESTATE MARKET OVERCAME THE CHALLENGES OF INTEREST RATES AND WAR, BUT THE OPTIMISM IS EXAGGERATED
https://pic1.calcalist.co.il/picserver3/crop_images/2024/03/04/H1q3gwXaT/H1q3gwXaT_333_187_1601_902_0_large.jpg
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✍️ Manif's financial results for 2024 show a significant increase in profits, driven by the growth of its loan portfolio and the rise in interest rates. The company's CEO, Mordechai Dukas, expressed concerns about the high level of debt in the industry and the need for caution.
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👉 Manif's profits increased by 22% to NIS 151.9 million
👉 The company's loan portfolio grew by 27.4% to NIS 3.4 billion
👉 The company's net interest income increased by 28% to NIS 183 million
👉 Dukas expressed concerns about the high level of debt in the industry
👉 The company is considering offering more flexible payment plans to its customers
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#MordechaiDukas #Israel #business
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