Provides non-banking credit services.
S.R. Accord ended 2025 as a larger and more profitable credit company, but its growth engine now depends more on bank funding and collateral quality than on a wide accounting allowance cushion.
The Nesa Ono headline points to ILS 34.4 million, but a full reading of Note 17 shows that year-end 2025 balances tied to the controlling shareholder and related controlled entities reached ILS 120.1 million. The real issue is therefore not one deal, but how large the related-pa…
S.R. Accord still has room for capital returns, but that room rests mainly on rolling bank facilities and comfortable covenants, not on a large cash cushion sitting outside the funding loop.
S.R. Accord's collateral layer is still meaningful, but the drop in the allowance ratio to 1.9% reflects not only stronger protection, but also risk migration into watch-list buckets, a push from a new model, and heavier reliance on collateral realization.
