Business
First International Bank of Israel Reports Financial Results for the First Quarter of 2025
First International Bank of Israel (TASE: FIBI) one of Israel's major banking groups, today announced its results for the first quarter of the year.
About this update from First International Bank Of Israel Ltd
[{"type":"text","content":"Results Reflect continued growth and strong profitability while maintaining financial stability","length":95,"tagName":"p","attribs":{}},{"type":"text","content":"TEL AVIV, Israel, May 14, 2025 /PRNewswire/ -- First International Bank of Israel (TASE: FIBI) one of Israel's major banking groups, today announced its results for the first quarter of the year.","length":199,"tagName":"p"},{"type":"text","content":"Financial Highlights","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income of NIS 530 million in the first quarter of 2025 return on equity of 15.7%","length":95,"tagName":"p"}]},{"val":[{"type":"text","content":"Pre-tax income grew by 4.1%, compared with the same quarter in the previous year and amounted to NIS 887 million","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"Credit to the public, net, increased by 14.6% compared with the same period in the previous year and by 2% in the first quarter of the year","length":139,"tagName":"p"}]},{"val":[{"type":"text","content":"Deposits by the public, net, increased by 12.4% compared with the same period in the previous year and by 2.9% in the first quarter of the year","length":143,"tagName":"p"}]},{"val":[{"type":"text","content":"Customer's assets grew by 30% compared with the same period in the previous year and by 11.7% in the first quarter of the current year, reaching NIS 937 billion","length":169,"tagName":"p"}]},{"val":[{"type":"text","content":"Equity attributed to shareholders in the Bank amounted to NIS 13,773 million, an increase of 2.6% compared to the end of 2024.","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"The tier-1 shareholders' equity stood at 11.31%","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"The Bank's Board of Directors decided to distribute a dividend for the first quarter of the year of NIS 212 million, representing a rate of 40% of the net income","length":171,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1023,"olType":false},{"type":"text","content":"Financial Results of the First Quarter of 2025","length":46,"tagName":"p"},{"type":"text","content":"The First International Bank Group's net income amounted to NIS 530 million in the first quarter of 2025, a decrease of 6....