First International Bank of Israel: A Year of Growth and Prosperity
Tel Aviv, Israel – In a press release dated March 12, 2025, First International Bank of Israel (FIBI) announced its impressive financial results for the year 2024. The banking group, one of the major players in Israel’s financial sector, reported a net income of NIS 2,371 million for the year, representing an increase of 9.2% compared to the previous year.
Financial Highlights
FIBI’s return on equity stood at 19% for the year, while the net income for the fourth quarter amounted to NIS 573 million, with a return on equity of 17.4%. Net credit to the public grew by 10% in 2024 and by 3.7% in the fourth quarter. Deposits from the public grew by 12.4% in 2024 and by 0.9% in the fourth quarter. Customers’ assets reached a record-breaking NIS 839 billion, an increase of 25% for the year and 5% in the fourth quarter.
Implications for the Individual
For the individual, these financial results may translate into several benefits. With the bank’s strong financial position, customers can expect improved services, competitive interest rates on savings accounts, and lower loan rates. Additionally, the bank’s continued growth may lead to increased job opportunities within the organization.
Impact on the World
On a global scale, FIBI’s strong financial performance contributes to Israel’s economic stability and growth. As a significant player in the country’s financial sector, the bank’s success helps to attract foreign investment and boosts confidence in the Israeli economy. Furthermore, FIBI’s growth may influence other banks to follow suit, leading to a competitive market that benefits consumers through better services and lower rates.
The Future of First International Bank of Israel
The First International Bank of Israel’s continued growth and strong profitability, while maintaining financial stability, is a promising sign for the future. The bank’s commitment to its customers and the Israeli economy is evident in its dedication to providing top-tier services and fostering a thriving financial sector. As we look forward to the coming years, FIBI is poised to make an even greater impact on both the local and global stages.
- Net income of NIS 2,371 million in 2024, an increase of 9.2% compared to the previous year
- Return on equity of 19% for the year and 17.4% in the fourth quarter
- Net credit to the public grew by 10% in 2024 and by 3.7% in the fourth quarter
- Deposits from the public grew by 12.4% in 2024 and by 0.9% in the fourth quarter
- Customers’ assets reached NIS 839 billion, an increase of 25% for the year and 5% in the fourth quarter
- Equity attributed to the Bank’s shareholders amounted to NIS 13.4 billion, an increase of 11.3% compared to the end of 2023
- Tier 1 shareholders’ equity ratio of 11.31%
- Distribution of a dividend amounting to NIS 228 million, representing a return of 40% of the net income
In conclusion, First International Bank of Israel’s impressive financial results for the year 2024 demonstrate the bank’s commitment to growth, profitability, and financial stability. These achievements are likely to bring about benefits for both individual customers and the world at large, including improved services, competitive rates, and a positive impact on the Israeli economy. As FIBI continues to thrive, it sets an example for other banks to follow suit and contributes to a vibrant and innovative financial sector.
