sector: Financials ·
industry: Banks ·
As of
25 Nov 2009
5,930.00
The First International Bank of Israel (FIBI) is an Israel-based financial products and services provider. The Bank offers credit, deposits, securities, foreign exchange, financial derivatives, international trade, mortgages, provident and mutual funds, portfolio management, underwriting and leasing services. It also focuses on four basic sectors: Capital Markets, Foreign Currency, Corporate Finance and Private Banking. FIBI also engages in the development of financial instruments, while strengthening its hold on the domestic market by broadening consumer credit, including mortgages, and increasing its deposits infrastructure. The Bank has 175 branches and three main subsidiaries: Ubank (formerly Investec Bank); Poaley Agudat Israel Bank, a commercial bank serving the ultra-orthodox community and Bank Otsar Hahayal. In addition, the Bank operates two overseas subsidiaries: FIBI in the United Kingdom and FIBI Switzerland.
BRIEF: For the six months ended 30 June 2009, The First International Bank of Israel Ltd.'s interest income totaled NIS2.66B, vs. a loss of NIS431K. Net interest income after loan provision totaled NIS931M, vs. a net loss of NIS1.84B. Net income increased 34% to NIS249M. Net interest income reflects an increase in income from the financial management segment. Net income reflects an increase in other income and an increase in income from investments.
The First International Bank of Israel Ltd
9 Ahad Ha'am Street
Migdal Shalom
Tel Aviv 65251
P: +9723.5196223
F: +9723.5100316