Michan Credit for Business reported this morning that it received from the Capital Markets, Insurance and Savings Authority, an extension to the extended credit granting license.
The new license is valid for 5 years (until the end of 2027). The extension was received two years after receiving the company’s original license to provide extended credit.
The company also reported that it received a license to provide services in an expanded financial asset, also for a period of 5 years.
Company Chairman Doron Sapir and CEO Yaniv Biton stated that “Michman sees the extension of the validity of the license as a significant expression of confidence on the part of the Capital Market Authority. We will continue the activity of providing credit to businesses that will serve our customers in the long term.”