First International Bank Of Israel Ltd · TASE:FIBI

First International Bank Of Israel — Q3 2021 Earnings Presentation

21 slides from First International Bank Of Israel's earnings presentation, November 2021

  1. Slide 1: Financial Statements as of September 30, 2021

    FIRST INTERNATIONAL BANK OF ISRAEL Financial Statements as of September 30, 2021 1

  2. Slide 2: 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”), this presentation and its contents were prepared by the Bank for its exclusive use as part of the presentation of

  3. Slide 3: Net Income and ROE

    Net Income and ROE (NIS millions) 15.3% 1,072 ROE 8.4% Net income 540 1-9/20 1-9/21 Tier 1 capital ratio 10.93% 11.64% 3

  4. Slide 4: 1-9.2021 Principal information

    1-9.2021 Principal information Credit growth Growth in the client Growth in Tier 1 (End of period) assets portfolio deposits capital ratio (End of period) (End of period) * 1-9.2021 +5.1% +11% +4.7% 11.64% ** Last Year +6.8% +22.6% +9.1% 10.93% ROE Improvement in the (Income)/expenses 98.5% net inco

  5. Slide 5: Net Income and ROE (Q3.21 VS Q3.20)

    Net Income and ROE (Q3.21 VS Q3.20) (NIS millions) 15.5% ROE Q3.21 Q3.20 364 Improvement in the efficiency ratio 57.3% 61.9% (Income)/expenses from credit losses )0.29%( 0.41% Net income 9.5% Tier 1 capital ratio 11.64% 10.93% 201 Total revenue growth +8.8% - Q3.20 Q3.21 5

  6. Slide 6: Continuous growth

    Continuous growth Growth in public credit Total revenues before credit losses (NIS millions) (NIS billions) 97 4,122 4,160 92 3,494 3,752 89 3,106 3,371 81 73 2015 2017 2019 2020 1-9/20 1-9/21 31.12.15 31.12.17 31.12.19 31.12.20 30.9.21 Total assets under management portfolio Growth in public deposi

  7. Slide 7: ROE & Efficiency ratio

    ROE & Efficiency ratio ROE 15.3% 10.5% 9.1% 8.6% 6.5% 2015 2017 2019 2020 1-9.21 Efficiency ratio 77.6% 69.5% 64.4% 61.8% 57.9% 2015 2017 2019 2020 1-9.21 7

  8. Slide 8: Condensed income statement 1-9.2021

    Condensed income statement 1-9.2021 (NIS millions) Change NIS millions 1-9.21 1-9.20 (before % Change taxes) Interest income 2,090 1,980 110 5.6% Non-interest financing income 214 97 117 121% Interest income, net 2,304 2,077 227 11% Expenses of (income from) credit losses (0.30% - income, compared t

  9. Slide 9: Condensed income statement 1-9.2021 (cont.)

    Condensed income statement 1-9.2021 (cont.) (NIS millions) Change NIS millions 1-9.21 1-9.20 (before % Change taxes) Total operating and other expenses * 1,953 1,894 59 3.1% Salaries and related expenses *1,199 1,138 61 5.4% Depreciation and maintenance of buildings and equipment 255 261 (6) (2.2%)

  10. Slide 10: Income from financing activities (NIS millions)

    Income from financing activities (NIS millions) Change NIS millions 1-9.21 1-9.20 % Change (before taxes) Total interest income 2,090 1,980 110 5.6% Total non-interest financing income 214 97 117 Reported financial earnings 2,304 2,077 227 10.9% Excluding effects that do not arise from operating act

  11. Slide 11: Commissions and Charges for Banking Operations

    Commissions and Charges for Banking Operations (NIS millions) 346 1,057 1-9/2021 336 1,026 1-9/ 2020 376 392 Q3 2020 Q3 2021 1-9/20 1-9/21 157 151 133 122 83 96 84 67 72 74 34 37 Transactions in Management, Financial Account Credit cards Conversion Other fees securities operation and products manage

  12. Slide 12: Credit portfolio

    Credit portfolio (NIS billions) 97.0 Large 30.9.21 Households & businesses private and (domestic) institutional bodies 19% 23% Medium 6% 92.2 businesses 90.8 20% 32% Housing Loans Small & micro businesses Strong, diversified credit mix 30.9.20 31.12.20 30.9.21 Households & private: ~55% of credit po

  13. Slide 13: Credit portfolio (NIS billions)

    Credit portfolio (NIS billions) 31.2 End of period Housing loans Households & private (domestic) 28.3 27.5 21.3 21.4 22.2 9.20 12.20 9.21 9.20 12.20 9.21 Large businesses Medium businesses Small businesses 20.0 18.3 18.9 18.2 18.3 17.8 5.5 5.4 5.8 9.20 12.20 9.21 9.20 12.20 9.21 9.20 12.20 9.21 13

  14. Slide 14: Total client assets portfolio growth (NIS billions)

    Total client assets portfolio growth (NIS billions) Average Balances 568.8 Total client 443.2 Total 131.9 assets private client 115.8 assets 424.3 59.2 Assets under Assets under 49.5 management 316.7 management Total 66.3 72.8 Total Deposits Deposits 126.5 144.5 1-9/20 1-9/21 1-9/20 1-9/21 Total pri

  15. Slide 15: Loan Repayment Deferrals Due to COVID-19, September 30, 2021

    Loan Repayment Deferrals Due to COVID-19, September 30, 2021 (NIS Millions) Reflects the Bank’s strong credit portfolio NIS millions House- Small Medium Large Housing loans Total as of 30.9.20 holds businesses businesses businesses Balance of deferred payments - FIBI - 5 4 - 1 10 Balance of deferred

  16. Slide 16: Expenses of (Income from) credit losses

    Expenses of (Income from) credit losses Change 1-9.21 1-9.20 2020 compared to 1-9/20 Collective provision (183) 366 464 (549) Individual provision (23) 47 - (70) Total (206) 413 464 (619) Collective provision (%) (0.27%) 0.55% 0.52% Individual provision (%) (0.03%) 0.07% 0% Provision for credit loss

  17. Slide 17: Sustained Robust Financial Strength

    Sustained Robust Financial Strength Principal financial ratios – period end 30.9.21 2020 2019 2018 2017 Tier 1 capital ratio *11.64% 11.18% 10.81% 10.51% 10.38% Total capital ratio (total capital to risk-weighted **13.79% 14.46% 13.70% 13.94% 13.94% assets) LCR 133% 150% 128% 122% 123% Credit-deposi

  18. Slide 18: Sustained robust financial strength

    Sustained robust financial strength Equity attributable to shareholders of the Bank and financial ratios at period end (NIS billions ) 167.8 173.8 135.7 141.1 Dividend yield 134.1 4.9% 4.5% 4.5% *2.5% 9.141 10.022 8.093 8.568 1.3% 7.756 31.12.17 31.12.18 31.12.19 31.12.20 30.9.21 2017 2018 2019 2020

  19. Slide 19: 1-9.21 Business growth

    1-9.21 Business growth • Net profit amounted to NIS 1,072 million – an increase of 98.5%. • 15.3% ROE compared to 8.4% in the corresponding period. • Total revenue growth: 8.5%. • Growth in credit balances amounted to ~6.8% (NIS 6 billion) in the past year: in housing loans (13.4%), the small busine

  20. Slide 20: 1-9.21 Efficiency enhancement; Robust financial strength

    1-9.21 Efficiency enhancement • Continuing improvement in the operational efficiency ratio: 57.9% compared to 61.0% last year and 61.8% for the year 2020 as a whole. • On June 29, 2021, an early retirement plan was approved, allowing for the early retirement of 2%- 3% of the Group’s employees. In th

  21. Slide 21: 1-9.21 – Innovation and digitalization

    1-9.21 – Innovation and digitalization Innovation and digitalization in the first nine months of 2021: • Launch of MultiBank as a first multi-bank account aggregation service in open banking. We are the first bank in Israel to have launched the service, which enables clients to view their current ac

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