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Economy08:55 · 48m ago

Former Bank Hapoalim Executive Joins ETGA Group as Finance CEO

By מערכת ice
Translated & summarized from Ice by baba
The story · English

ETGA Group, a company operating in logistics and non-banking finance, announced on Thursday, September 24, 2026, the appointment of Yinon Maroz as CEO of its "Toam Finance" subsidiary. Maroz, who holds degrees in economics and business administration from Ben-Gurion University, brings approximately thirty years of experience in the banking sector. His most recent role was as manager of the Tel Aviv business center at Bank Hapoalim, where he held various management positions within the business and retail divisions over his tenure.

ETGA, controlled by the investment group Bryn DBSI, focuses on logistics and non-banking finance. In logistics, the company provides solutions for international trade and cargo transport. Within non-banking finance, through Toam Finance, it specializes in real estate financing, import financing, and supply chain finance solutions.

Toam Finance has seen significant growth, with revenues increasing by about 20% to approximately 31 million shekels in the first half of 2026. The company's credit portfolio reached about 813 million shekels as of June 30, 2026, an 87% increase from the previous year. In May, Toam Finance acquired 80% of a loan portfolio valued at approximately 226 million shekels, designated for urban renewal projects, as part of its expansion strategy.

Liran Yaakovsberg, CEO of ETGA, welcomed Maroz, stating that non-banking finance is a key growth engine for the group. He expressed confidence that Maroz's appointment will strengthen the operation and lead Toam Finance to its next phase of growth and expansion.

Read the original at Ice

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