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Direct Finance Profit Drops 26% Amid Mortgage Activity Weakness
Direct Finance's net profit for the third quarter of 2026 fell 26% to NIS 49.3 million due to weakness in its mortgage business. While mortgage profits dropped 64%, vehicle financing profits surged 43%, becoming the main profit driver.
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What happened
- 01Direct Finance's Q3 2026 net profit fell 26% to NIS 49.3 million.
- 02Mortgage business profits decreased by 64% in the third quarter.
- 03Vehicle financing profits rose 43%, becoming the primary profit source.
- 04The company's net profit for the first nine months of 2026 increased by 69%.
- 05Investors are concerned about the sustainability of mortgage sector profitability.
Despite the quarterly decline, the company's net profit for the first nine months of 2026 is up 69%. Investors are focused on the company's ability to maintain mortgage profitability.
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