Business
First International Bank of Israel Reports Financial Results for the Fourth Quarter and Full Year of 2024
First International Bank of Israel (TASE: FIBI) one of Israel's major banking groups, today announced its results for the fourth quarter of the year.
About this update from First International Bank Of Israel Ltd
[{"type":"text","content":"Reflects continued growth and strong profitability while maintaining financial stability","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"TEL AVIV, Israel, March 12, 2025 /PRNewswire/ -- First International Bank of Israel (TASE: FIBI) one of Israel's major banking groups, today announced its results for the fourth quarter of the year.","length":207,"tagName":"p"},{"type":"text","content":"Financial Highlights","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income of NIS 2,371 million in the year 2024; Return on equity 19%;","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of NIS 573 million in the fourth quarter of 2024; Return on equity 17.4%","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Net credit to the public grew by 10% in 2024 and by 3.7% in the fourth quarter;","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Deposits from the public grew by 12.4% in 2024 and by 0.9% in the fourth quarter;","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Customers' assets grew by 25% in 2024 and by 5% in the fourth quarter, and reached NIS 839 billion;","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"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%;","length":177,"tagName":"p"}]},{"val":[{"type":"text","content":"The Bank's Board of Directors decided on the distribution of a dividend amounting to NIS 228 million, representing a return of 40% of the net income;","length":153,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":753,"olType":false},{"type":"text","content":"Financial Results of the Fourth Quarter and Full Year 2024","length":58,"tagName":"p"},{"type":"text","content":"The First International Group's net income amounted to NIS 2,371 million in 2024, an increase of 9.2% compared with that of the previous year. The return on equity reached 19%.","length":180,"tagName":"p"},{"type":"text","content":"In the fourth quarter of the year, the net income amounted to NIS 573 million, an increase of 14.8% over that of the previous year. The return on equity was 17.4%.","length":163,"tagName":"p"},{"type":"text","content":"Credit t...