First International Bank of Israel

#2785

Rank

$4.23B

MarketCap IL

IL Israel

Country

Summary
First International Bank of Israel Ltd., together with its subsidiaries, provides various financial and banking services to individuals, households, and businesses in Israel and Western Europe. It offers deposits and savings products, and structured deposits; mortgage services; credit cards; and private banking, mobile and online banking, investment advisory, securities trading, and foreign exchange services. The company also provides solutions for importers, exporters, and international transactions; financing of capital market operations; foreign currency investment management services; services in the areas of current account management, credit, investment advice, savings, pension advice, mortgages, and others; and financial derivatives, trading rooms, and various investment products. It operates approximately 136 branches. First International Bank of Israel Ltd. cwas incorporated in 1972 and is headquartered in Tel Aviv-Yafo, Israel.

History

First International Bank of Israel was founded in the early 1970s when then Israeli Finance Minister Pinchas Sapir approved the merger of several smaller banks into the former.Edmond Safra acquired control of FIBI in the 1980s: after Edmond Safra's death, the Safra Group sold off its business interests in Israel. As of 2010, FIBI's largest current shareholder is the FIBI Holding Company Ltd, whose largest shareholder is the Bino-Liberman Group; in addition, the Israel Discount Bank holds a significant block of shares.The bank opened branches in London in 1981, and in Zurich in 1984. In 2006 it acquired a 68% interest in Bank Otsar Ha-Hayal for NIS 702 million. It is notable for being the only major bank in Israel which was not involved in the bank stock crisis in Israel in the early-1980s and as such was the only prominent bank in the country not nationalized as result of the crisis.For a long time, FIBI was unique among Israeli banks in offering complete paperwork in English.

In 2015, Tungsten Corporation plc acquired FIBI's UK division for £30 million.


Mission
To create sustained value for our shareholders, customers, and employees by providing banking and financial products and services that meet their needs and exceed their expectations.

Vision
Our vision is to be a leading provider of banking and financial services in Israel, offering customer-oriented products and services with a focus on continuous improvement and innovation.

Key Team

Ms. Ella Golan (Exec. VP & Head of Resources Division)

Mr. Ron Grisero (Exec. VP & Head of Banking Division)

Mr. Nachman Nitzan CPA (Exec. VP, Chief Accountant & Head of Chief Accountant Division)

Ms. Dafna Zuker (Investor Relations)

Advocate Haviva Dahan (EVP, Head of Legal Consulting Dept., and Legal Divi., and Chief Legal Counsel & Legal Risk Mang.)

Mr. Amir Birenboim (Chief of Staff & Chief Compliance Officer)

Ms. Yael Ronen CPA, CPA (Exec. VP & Chief Internal Auditor)


Recognition and Awards
FIBI has been the recipient of numerous awards over the years, including the AA+ rating from Global banking-rating agencies, the Bank of the Year award from the Israel banking association and the Global Bank recognition from the Switzerland EFMA. In 2017, FIBI was also awarded the Gold Standard in banking services by the Association of Israeli Banks.

References
First International Bank of Israel
Leadership team

Ms. Smadar Barber-Tsadik CPA (Pres, CEO & GM)

Mr. Yoram Sirkis CPA, CPA (Exec. VP & Head of Client Assets Management Division)

Mr. Benzi Adiri CPA (Exec. VP & Head of Corp. Division)

Products/ Services
Banking, Finance, Financial Services, Insurance
Number of Employees
1,000 - 20,000
Headquarters
Watford City, North Dakota, United States
Established
1910
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
FIBI.TA
Social Media
Sat Feb 24 2024
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