First International Bank Of Israel Ltd · TASE:FIBI
First International Bank Of Israel — Q2 2024 Earnings Presentation
17 slides from First International Bank Of Israel's earnings presentation, August 2024
Slide 1: Financial Statements As of June 30, 2024
FIBI Financial Statements As of June 30, 2024 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
Slide 2: Growth, Profitability and Financial Stability
Growth, Profitability and Financial Stability 3 months 6 months ROE 19.6% 19.2% Credit loss expense (income) ratio (0.24%) (0.12%) Efficiency ratio 44.7% 45.4% Credit growth (total credit amounts to NIS 122 billion) 4.5% 2.4% Deposit growth 3.8% 6.8% Client asset growth (total portfolio amounts to N
Slide 3: Net Profit and ROE
Net Profit and ROE Half-Yearly Quarterly 22.6 % 19.2% 1,218 1,178 19.6% 21.3% 18.7% 609 17.0% 587 16.0% 569 499 455 2.96% 3.21% 50% 2.93% 1.57% 1.18% H1.23 H1.24 28% 27% Q2.23 Q3.23 Q4.23 Q1.24 Q2.24 3 FIBI
Slide 4: High Financial Strength
High Financial Strength Tier 1 Capital Ratio Gap above the regulatory requirement Minimal ratio required 11.35% 11.78% 11.34% 10.64% 10.84% 1.40% 1.60% 2.11% 2.53% 2.10% Q2.23 Q3.23 Q4.23 Q1.24 Q2.24 Comprehensive Capital to Risk Assets Ratio Liquidity Coverage Ratio 13.92% 14.12% 14.65% 14.94% 14.0
Slide 5: Quality credit portfolio while maintaining high provision buffers
Quality credit portfolio while maintaining high provision buffers Ratio of provision for credit losses to public credit Credit Loss Expenses (Income) (balance sheet and off-balance sheet) 3.00% 1.50% 1.53% 1.37% 1.44% 0.33% 0.55% 0.55% (0.01%) (0.24%) 1.23% 0.90% 2.50% 0.70% 0.56% 2.00% 0.46% 0.50%
Slide 6: Principal Income Statement Information
Principal Income Statement Information Net income from financing activities excluding CPI (NIS millions) Total income before provision for credit losses (NIS millions) 3,435 2,531 3,220 2,275 1,735 1,601 1,639 1,265 1,582 1,581 1,202 1,188 1,137 1,138 Q2.23 Q3.23 Q4.23 Q1.24 Q2.24 H1.23 H1.24 Q2.23
Slide 7: Total Operating Expenses and Efficiency Ratio
Total Operating Expenses and Efficiency Ratio Total operating and other expenses (NIS millions) (1.1%) 1,464 1,463 740 733 731 732 680 Q2.23 Q3.23 Q4.23 Q1.24 Q2.24 H1.23 H1.24 Efficiency Ratio 45.4% 45.8% 43.0% 46.2% 44.7% 42.6% 42.7% Q2.23 Q3.23 Q4.23 Q1.24 Q2.24 H1.23 H1.24 7 FIBI
Slide 8: Credit growth across all business segments
Credit growth across all business segments End of Period (NIS billions) Small & micro Credit portfolio businesses Housing loans Private customers 35.5 35.6 35.9 22.3 22.6 22.8 2.4% 18.1 18.2 18.3 122 119 117 31.12.23 31.3.24 30.6.24 31.12.23 31.3.24 30.6.24 31.12.23 31.3.24 30.6.24 Large businesses
Slide 9: Client Asset Growth
Client Asset Growth End of Period (NIS billions) Midsize Small & micro Private customers Total businesses businesses 20,000.0% 158 161 165 15,000.0% 74 75 78 755 720 12 12 12 51 53 5310,000.0% 672 5 5 6 24 27 27 5,000.0% 84 86 87 7 6 6 27 27 27 0.0% 31.12.23 31.3.24 30.6.24 31.12.23 31.3.24 30.6.24
Slide 10: Capital, Balance Sheet and Dividend Yield
Capital, Balance Sheet and Dividend Yield(NIS millions) Equity attributable to shareholders Dividend distribution by quarter/ dividend yield Balance Equity attributable to 232.8 6.6% shareholders of the Bank 6.3% Dividend 225.9 5.6% 5.4% yield 5.3% 269 220 228 208.1 220 Supplementation to 50% of H1.
Slide 11: Leaders in Service: No. 1 in Customer Satisfaction
Leaders in Service: No. 1 in Customer Satisfaction Marketest survey, April 2024 – Among entire sample (150 respondents per bank) 8.5 8.3 8.3 8.2 8.1 8.1 8 8 8 7.9 7.8 7.7 7.6 7.6 7.5 7.4 7.3 7.3 7.3 7 6.8 6.8 6.7 6.5 6.3 Mizrahi Discount Leumi Poalim FIBI Mizrahi Discount Leumi Poalim FIBI Mizrahi D
Slide 12: Helping the community: Swords of Iron War support
THE “SWORDS OF IRON” WAR – Customer and Business Support Helping small businesses Helping the community The Bank allocated a budget to The Bank rallied to help small support and accompany Kibbutz Nir businesses through a variety of activities Aid funds for members of the Establishment of a Oz throug
Slide 13: Appendices
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Slide 14: Condensed Income Statement 1-6.24
Condensed Income Statement 1-6.24 (NIS millions) 1-6.24 1-6.23 Change % change Interest income, net 2,336 2,593 (257) (9.9%) Non-interest financing income 147 79 68 86.1% Net financing income 2,483 2,672 (189) (7.1%) Credit loss expenses (income) (income of 0.12% compared to expenses of 0.29% in the
Slide 15: Condensed Income Statement 1-6.24 (continued)
Condensed Income Statement 1-6.24 (continued) 1-6.24 1-6.23 Change % change Total operating and other expenses 1,463 1,464 (1) (0.1%) Salaries and related expenses 872 915 (43) (4.7%) Maintenance and depreciation of premises and equipment 173 167 6 3.6% Amortization and impairment of intangible asse
Slide 16: 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 th
Slide 17: Thank You
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