Amfa Capital Enters Mortgage Market, Hires Bank Leumi Executive

Amfa Capital, known for its business credit services, is expanding its operations into the mortgage market. The company announced its entry into this new sector, signaling a diversification of its financial offerings.

To bolster its mortgage division, Amfa Capital has recruited a senior executive from Bank Leumi, one of Israel's largest banking institutions. This strategic hire is intended to leverage the executive's expertise and experience in the mortgage and banking industry.

The move comes amid broader economic shifts, including fluctuations in the dollar-shekel exchange rate and oil prices, as well as specific trends within the Israeli real estate sector. Amfa Capital's expansion into mortgages suggests a confidence in the housing market's potential, despite some reported challenges like a lawsuit filed by 38 apartment buyers in Netanya against a developer over alleged misrepresentations.

Amfa Capital's existing business focuses on providing credit solutions to companies. The addition of mortgage services aims to broaden its client base and revenue streams, positioning the company as a more comprehensive financial services provider.