Provides non-banking credit services.
Shoham Business delivered real growth in its 2025 credit book and financing income, but from here the story should be judged mainly on credit quality, collection speed, and the ability to fund a larger book without thinning the capital cushion.
Shoham Business now has a broader funding stack, with banks, bonds, external credit providers, and controlling-shareholder support, but its real margin of safety still rests first on rolling bank facilities and pledged receivables rather than on surplus free capital or surplus c…
At Shoham Business, the 2025 problem is not a broad collapse of the whole book. It is the rapid thickening of the credit already sitting in a materially higher-risk layer and in the impaired layer. The full book grew 10.8%, but those two layers together grew 54.8% while the tota…
