Cal Credit Card Company Swings to Profit in Third Quarter
Translated & summarized from Ice by baba
Cal, a subsidiary of Discount Bank, reported a net profit of NIS 99 million in the third quarter of 2026, a turnaround from a loss of NIS 88 million a year prior. Revenues rose 1.8% to NIS 889 million as expenses fell. For the first nine months, profit was NIS 281 million, up from NIS 82 million, with revenues growing 4.9%.
The story in 5 lines · by baba
- Cal reported a NIS 99 million profit in Q3 2026, reversing a NIS 88 million loss.
- Cal's Q3 revenues increased 1.8% to NIS 889 million.
- Cal's Q3 expenses decreased to NIS 750 million.
- Cal's nine-month profit reached NIS 281 million, up from NIS 82 million.
- Cal's nine-month revenues grew 4.9% to NIS 2.54 billion.
Cal, a subsidiary of Discount Bank, reported a net profit of NIS 99 million in the third quarter of 2026, a significant turnaround from a loss of NIS 88 million in the same period last year. The company's revenues increased by 1.8% to NIS 889 million, while expenses decreased to NIS 750 million from NIS 980 million.
For the first nine months of the year, Cal's net profit reached NIS 281 million, compared to NIS 82 million in the corresponding period of the previous year. Revenues grew by 4.9% to NIS 2.54 billion during this period.
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