First International Bank Of Israel Ltd · TASE:FIBI

First International Bank Of Israel — Q3 2023 Earnings Presentation

21 slides from First International Bank Of Israel's earnings presentation, November 2023

  1. Slide 1: Financial Statements as of September 30, 2023

    FIBI Financial Statements as of September 30, 2023 The accessible presentation is available on the First International Bank’s website via the link: https://online.fibi.co.il/wps/portal/FibiMenu/MarketingEN/AnInformation/AnInvestorRelations/AnFinancialStatements/An2023

  2. Slide 2: The Bank’s Activity During the War

    The Bank’s Activity During the War On October 7, 2023, a murderous, vicious terrorist attack was launched against the State of Israel. Our hearts go out to the families who lost their loved ones, and we convey our deepest sympathy and condolences to the families of the murdered and fallen. We send w

  3. Slide 3: Wartime Benefits and Relief for Customers

    Wartime Benefits and Relief for Customers To help our customers cope with the difficulties of the war and its consequences, the Bank has implemented a series of significant easements under the temporary order issued by the Supervisor of Banks, as well as additional easements for specific communities

  4. Slide 4: Financial Strength Ratios

    Financial Strength Ratios Liquidity ratio Tier 1 capital ratio 142% Gap above the regulatory requirement 10.84% 10.64% 1.60%* 134% 10.55% 131% 1.40% 10.42% 127% 1.31% 1.18% Q4.22 Q1.23 Q2.23 Q3.23 Q4.22 Q1.23 Q2.23 Q3.23 *The highest positive gap compared to 4 largest Israeli banks, gap in capital t

  5. Slide 5: Net Profit and ROE (NIS millions)

    Net Profit and ROE (NIS millions) The bank shows high financial strength along with a high ROE 18.6% 20.5% ROE 16.0% 1,673 467 455 Net 15.1% profit 1,131 Q3.2022 Q3.2023 1-9.2022 1-9.2023 Tier 1 capital ratio 10.17% 10.84% 10.17% 10.84% BOI interest (average) 1.52% 4.75% 0.70% 4.42% 5 FIBI

  6. Slide 6: Principal Information 1-9.23 (compared to 1-9.22)

    Principal Information 1-9.23 (compared to 1-9.22) Profitability Net profit growth Revenue growth Financing income growth ROE 1,673 47.9% 5,036 32.3% 3,898 45.8% 20.5% 15.1% 1-9.2023 change 1-9.2023 change 1-9.2023 change 1-9.2023 1-6.2022 Efficiency and Financial Strength Liquidity coverage Tier 1 c

  7. Slide 7: Principal Information Q3.23 (compared to Q3.22)

    Principal Information Q3.23 (compared to Q3.22) Profitability Revenue % change Financing income from ROE Net profit % change current activities % change 455 )2.6%( 1,601 12.0% 1,200 18.3% 16.0% 18.6% Q3.23 Compared to Compared to Q3.23 Compared to Q3.23 Q3.22 Q3.23 30.9.22 30.9.22 30.9.22 Efficiency

  8. Slide 8: Condensed Income Statement 1-9.2023

    Condensed Income Statement 1-9.2023 Change (NIS millions) 1-9.2023 1-9.2022 (before taxes) % change Interest income, net 3,820 2,613 1,207 46.2% Non-interest financing income 78 60 18 30.0% Net financing income 3,898 2,673 1,225 45.8% Credit loss expenses (0.38% compared to 0.09% in the correspondin

  9. Slide 9: Condensed Income Statement 1-9.2023 (continued)

    Condensed Income Statement 1-9.2023 (continued) Change (NIS millions) 1-9.2023 1-9.2022 (before % change taxes) Total operating and other expenses 2,197 2,028 169 8.3% Salaries and related expenses * 1,353 1,231 122 9.9% Maintenance and depreciation of premises and equipment 256 249 7 2.8% Amortizat

  10. Slide 10: Main Commissions (NIS millions)

    Main Commissions (NIS millions) 1,125 1,131 368 375 1-9.2023 Q2.23 Q3.23 1-9.2022 1-9.2023 1-9.2022 570 553 160 164 151 162 89 90 73 77 82 85 Transactions Account Credit cards Conversion Commissions on Other commissions in securities management differences financing activities 10 FIBI

  11. Slide 11: Credit Portfolio Growth End of period (NIS billions)

    Credit Portfolio Growth End of period (NIS billions) 30.9.2023 Private Large customers 120.0 120.1 businesses 19% (incl. institutions) 29% 117.2 115.7 Midsize businesses Housing 6% loans Small & 30% micro businesses 16% 30.9.22 31.12.22 30.6.23 30.9.23 High quality, diversified credit portfolio mix

  12. Slide 12: Credit Portfolio by segments, End of period (NIS billions)

    Credit Portfolio by segments, End of period (NIS billions) Housing loans Private customers 35.3 35.5 35.3 35.5 23.9 23.7 23.3 23.1 30.9.22 31.12.22 30.6.23 30.9.23 30.9.22 31.12.22 30.6.23 30.9.23 Large businesses Small & midsize businesses 34.6 35.4 29.6 29.8 28.2 26.8 26.8 26.1 30.9.22 31.12.22 30

  13. Slide 13: Credit Quality and Credit Loss Expense Rate

    Credit Quality and Credit Loss Expense Rate Credit quality indices Individual income and collective expense from credit losses (NIS millions) 30.9.23 30.9.22 0.55% Allowance buffers 0.56% * Ratio of provision for credit losses to 1.37% 1.10% credit to the public 0.33% 0.15% NPL 0.37% Ratio of non-ac

  14. Slide 14: Ratio of expenses from credit losses to average total credit

    Ratio of expenses from credit losses to average total credit FIBI’s moderate credit policy resulted in lower provision rates FIBI 4 largest Israeli banks (avg.) 0.84% 0.76% 0.76% 0.76% 0.43% 0.42% 0.44% 0.43% 0.31% 0.52% 0.30% 0.55% 0.27% 0.44% 0.22% 0.39% 0.16% 0.13% 0.14% 0.10% 0.11% 0.33% 0.25% 0

  15. Slide 15: Public deposits and AUM End of period (NIS billions)

    Public deposits and AUM End of period (NIS billions) AUM Public deposits 634.2 612.0 552.0 560.0 179.0 181.3 164.9 168.3 30.9.22 31.12.22 30.6.23 30.9.23 30.9.22 31.12.22 30.6.23 30.9.23 Rate of non-interest bearing deposits 37% 33% 26% 24% Continuous growth in the Diversified deposit portfolio- 59%

  16. Slide 16: Private Deposits and AUM End of period (NIS billions)

    Private Deposits and AUM End of period (NIS billions) Private AUM (average) Private deposits (end of period) 146.3 81.1 80.3 78.2 78.6 139.8 1-9.22 1-9.23 30.9.22 31.12.22 30.6.23 30.9.23 16 FIBI

  17. Slide 17: Dividend Yield and Equity Attributable to Shareholders of the Bank

    Dividend Yield and Equity Attributable to Shareholders of the Bank Balance Equity attributable to 211 6.8% shareholders of the Bank 6.3% 4.5% 945 196 708 180 545 11,583 10,559 10,003 31.12.21 31.12.22 30.9.23 2021 2022 30.9.2023 Price to book ratio 1.30 1.32 1.42 Since the Bank’s dividend policy cal

  18. Slide 18: Securities Portfolio

    Securities Portfolio 30.9.23 31.12.22 Book value Book value % Duration % Duration Change (NIS millions) (NIS millions) A . Bonds held to maturity 3,487 3.22 16% 3,138 3.67 20% 349 Of which: Israel government )95%( 3,324 3.21 15% 2,941 3.64 18% 383 B . Bonds available for sale 17,690 1.60 80% 12,401

  19. Slide 19: Key Highlights 1-9.2023

    Key Highlights 1-9.2023 High financial strength and credit portfolio quality . Credit quality indices and Financial strength Net Profit and ROE allowance buffers Ratio of total provision for credit Tier 1 capital ratio - 10.84% Net profit of NIS 1,673 million losses to credit to the public – 1.37% -

  20. Slide 20: Disclaimer

    Disclaimer Without derogating from the generality of the provisions contained in the Terms of Use as published on the website of The First International Bank of Israel Ltd. (the “Bank” and/ or “FIBI”), this presentation and its contents were prepared by the Bank for its exclusive use as part of the

  21. Slide 21: Thank You

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