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FINANCIAL | Retail Banking
fibi.co.il

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Investments

6

Portfolio Exits

2

Partners & Customers

2

About First International Bank of Israel

First International Bank of Israel (FIBI) provides a wide range of financial products and services to customers. FIBI includes the parent company, First International Bank of Israel, and its banking subsidiaries in Israel: Otsar Ha-Hayal Bank and Massad Bank. FIBI is a universal bank offering a full range of banking services focusing on several segments of activity including corporate banking, capital market activity and investment consultancy and private banking.

First International Bank of Israel Headquarter Location

42 Rothschild Bl

Tel Aviv,

Israel

03-5130031

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Latest First International Bank of Israel News

Israel’s First International Bank offers dividend after profit surges

Aug 17, 2021

- Advertisement - JERUSALEM, Aug 17 (Businesshala) – First International Bank of Israel (FIBI) beat second-quarter expectations on Tuesday, reporting a 132% jump in profit on rising revenue and a reversal of COVID-19 loan loss provisions. Following on the heels of most of its domestic peers, Israel’s fifth-largest bank by assets also said it would distribute a special dividend. Total profit in April-June was 390 million shekels ($121 million), FIBI said, up from 168 million shekels a year ago and well above a Businesshala poll forecast for 331 million shekels. After setting aside 165 million shekels for bad loan provisions in the second quarter of last year, the bank said it reversed 128 million shekels as income in April-June this year. It follows a trend in the local banking industry following a successful vaccination campaign, allowing Israel to emerge from lockdown and the economy to boom. The bank said net interest income increased from 660 million shekels to 710 million shekels. FIBI, like other banks in Israel, allows customers to defer loans due to the COVID-19 pandemic. The ratio of deferred loans to total loans stood at 0.2% at the end of June, up from 1.9% at the end of 2020. Credit to customers grew by 6.6% over the previous year. The bank noted that as COVID-19 infections began to rise in Israel, it was “well-prepared for various scenarios monitoring various risks” and following guidelines from Israel’s banking regulator and health authorities . “The bank is taking measures to ensure business continuity,” it said. The Tier 1 capital ratio of the bank increased to 11.67% from 10.71% a year ago. FIBI said it would pay a dividend of 225 million shekels, which is 30% of its 2020 net profit. Big rivals Hapoalim, Leumi and Mizrahi-Tefahot have also declared special dividends. Israel’s banking regulator in March 2020 banned regular dividends through this September, but allowed one-time payments of up to 30% of net profit. It has yet to decide whether to expand its dividend controls. FIBI said its dividend distribution policy of paying up to 50% of net profit remains unchanged and will be examined in accordance with developments and regulation. $1 = 3.2224 shekels Reporting by Steven Scheer; Editing by Susan Fenton .

First International Bank of Israel Investments

6 Investments

First International Bank of Israel has made 6 investments. Their latest investment was in MicroHeat as part of their Series E on April 4, 2006.

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First International Bank of Israel Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/12/2006

Series E

MicroHeat

$15.1M

Yes

12/9/2003

Series D

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$99M

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10

6/1/2001

Debt

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$99M

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10

8/15/2000

Series B

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$99M

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10

3/10/2000

Series B

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$99M

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10

Date

4/12/2006

12/9/2003

6/1/2001

8/15/2000

3/10/2000

Round

Series E

Series D

Debt

Series B

Series B

Company

MicroHeat

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Amount

$15.1M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

10

10

10

10

First International Bank of Israel Portfolio Exits

2 Portfolio Exits

First International Bank of Israel has 2 portfolio exits. Their latest portfolio exit was Mobileye on August 01, 2014.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/1/2014

IPO

$991

1

00/00/0000

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10

Date

8/1/2014

00/00/0000

Exit

IPO

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

First International Bank of Israel Acquisitions

1 Acquisition

First International Bank of Israel acquired 1 company. Their latest acquisition was Bank Otsar Hahayal on December 14, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/14/2018

Acquired

1

Date

12/14/2018

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

First International Bank of Israel Partners & Customers

2 Partners and customers

First International Bank of Israel has 2 strategic partners and customers. First International Bank of Israel recently partnered with Transmit Security on January 1, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

1/25/2017

Vendor

Transmit Security

Israel

Fibi selects Transmit Security for multi-factor authentication

`` First International Bank of Israel selected Transmit Security because we allow them to quickly implement multiple authentication use cases across all their different applications and customer service channels using one platform , '' said Mickey Boodaei , CEO of Transmit Security .

1

5/11/2010

Vendor

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10

Date

1/25/2017

5/11/2010

Type

Vendor

Vendor

Business Partner

Transmit Security

Country

Israel

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News Snippet

Fibi selects Transmit Security for multi-factor authentication

`` First International Bank of Israel selected Transmit Security because we allow them to quickly implement multiple authentication use cases across all their different applications and customer service channels using one platform , '' said Mickey Boodaei , CEO of Transmit Security .

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Sources

1

10

First International Bank of Israel Team

5 Team Members

First International Bank of Israel has 5 team members, including current Chief Technology Officer, Adiram Kidron.

Name

Work History

Title

Status

Adiram Kidron

Chief Technology Officer

Current

Ronen Braum

Chief Product Officer

Current

Ran Bar Tal

PwC, and Amdocs

Chief Revenue Officer

Current

nachman nitzan

Executive Vice President

Current

Zeev Feldman

Chief Executive Officer

Former

Name

Adiram Kidron

Ronen Braum

Ran Bar Tal

nachman nitzan

Zeev Feldman

Work History

PwC, and Amdocs

Title

Chief Technology Officer

Chief Product Officer

Chief Revenue Officer

Executive Vice President

Chief Executive Officer

Status

Current

Current

Current

Current

Former

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