Provides non-banking credit services.
Bull is no longer a growth story in non-bank credit. It is a leveraged RunOff portfolio where collection speed now has to fund a 15% bond coupon, minimum capital pressure, and a more assertive creditor base.
Bull Trade's license issue is no longer a theoretical warning. After the March 12 notice and the annual report, the company stands at negative equity of NIS 5.078 million against a NIS 4 million minimum-capital floor, so the core question is whether a lender already living only…
Control over Bull's collections has already shifted almost in practice to Series B: the mechanism pushes cash to the lender account, the operating carve-outs are narrow, and the gap between the economic debt and the accounting balance means that almost every remaining shekel is…
