Cal credit card company posted a profit of NIS 81 million in the second quarter of 2022

Posted on Aug 11, 2022 by Ifi Reporter

The Cal credit card company published the financial reports for the second quarter of the year. Cal, managed by Levy Halevi, posted a profit of NIS 81 million in the second quarter and a profit of NIS 161 million in the first half, an increase of about 15%.
At the end of the second quarter of 2022, the number of Cal cards was about 4.1 million compared to about 3.8 million cards at the end of the corresponding quarter last year, an increase of about 7%. In the first half of 2022, the turnover of transactions was 71.2 billion shekels compared to 60.1 billion shekels in the corresponding half last year, an increase of about 19%.
In the last quarter, consumer credit balances increased by about 22% compared to the corresponding period last year. As of June 30, 2022, the total credit portfolio was NIS 7.5 billion, an increase of about 24% compared to last year. Cal also grew in revenue, by 26 percent in the first half to revenues of NIS 1.16 billion.
Levi Halevi, CEO of Kal, said: "Kaal concludes the first half with a record profit of NIS 161 million and revenues of over NIS 1 billion. The increase in profitability is against a background of significant growth in all business parameters, including an increase in consumption, with an emphasis on overseas cycles, and growth in credit demand. At the same time, we continued to develop the credit and payments platform that strengthens Kal's technological leadership, and we are expected to launch more significant projects that will create competition and bring innovation And real news for the market."


ABOUT IFI TODAY

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum

Newsline

Alex Meshinsky has resigned as CEO of Celsius the Israeli-American crypto company that went bankrupt

Sep 27, 2022 by Ifi Reporter

Alex Meshinsky has resigned as CEO of Celsius, the Israeli-American crypto company that went bankrupt. The company announced that CFO Chris Ferraro has been appointed interim CEO as well as the VP in charge of its reorganization. The exchange of top executives is a sharp turn for the... Continue reading →

"Rami Levy Hashikma Marketing" chain launched a humorous campaign for the younger generation

Sep 26, 2022 by Ifi Reporter

The "Rami Levy Hashikma Marketing" chain launched a humorous campaign for the younger generation on the digital network for Rosh Hashanah - Rami Levy presents a new technology "I got along with my mother". The digital campaign presents a situation of lost and hesitant... Continue reading →

There is an increase in demand for renting safes in secure safe complexes

Sep 26, 2022 by Ifi Reporter

Following the publication of the new police procedure that in all incidents of theft from private homes, a police car will no longer be sent except in exceptional cases, there is an increase in demand for renting safes in secure safe complexes. Under the heading "Reducing the... Continue reading →


Testimonials

No testimonials. Click here to add your testimonials.