First International Bank of Israel Ltd

FIBITASEIL0005930388₪25B

Investment Thesis

Generates revenue primarily from interest spreads on loans funded by customer deposits, and from fee-based banking and capital-markets services. Additional income comes from proprietary portfolio management, trading/FX activity, and advisory and trust-related services.

Geographic Exposure

Israel100%

Revenue Drivers

Household retail banking

consumer banking income from households, including lending and transaction services

CORE48.8%

Small and micro business banking

banking and credit services for small and micro businesses

SIGNIFICANT20.8%

Large corporate banking

credit and banking services for large and international business customers

SIGNIFICANT12.7%

Institutional financial services

banking and capital-markets services for institutional bodies

PERIPHERAL6.5%

Medium business banking

credit and banking services for mid-sized business customers

PERIPHERAL5.7%

Private banking

banking and advisory services for affluent private clients

PERIPHERAL3.6%

Treasury and financial management

proprietary portfolio management and financial markets activity

PERIPHERAL1.9%

End Markets

Households (retail customers)
High-net-worth private banking clients
Small and micro businesses
Medium-sized businesses
Large corporate and international businesses
Institutional investors and financial institutions

Specializations

Digital branch banking ("Me" channel)International trade finance servicesFX dealing and derivatives activityInvestment advisory and pension advisoryTrustee services via a dedicated trust companyProprietary (nostro) portfolio and ALM risk management

Activities

Deposit taking and liquidity management
Loan origination and credit underwriting
Payments, transaction and fee-based banking services
Capital-markets dealing and brokerage execution
Investment/asset-liability (nostro) portfolio management