First International Bank Of Israel Ltd · TASE:FIBI

First International Bank Of Israel — FY2023 Earnings Presentation

22 slides from First International Bank Of Israel's earnings presentation, March 2024

  1. Slide 1: Financial Statements as of December 31, 2023

    FIBI Financial Statements as of December 31, 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: Continuous Growth in Net Profit and ROE

    Continuous Growth in Net Profit and ROE Annual 19.7% 2,172 16.6% 14.7% 1,667 1,405 10.5% 8.6% 865 750 2019 2020 2021 2022 2023 Quarterly 23.7% 21.3% 20.7% 631 17.0% 18.6% 587 16.0% 536 499 467 455 12.9% 13.8% 322 342 Q1.22 Q2.22 Q3.22 Q4.22 Q1.23 Q2.23 Q3.23 Q4.23 2 FIBI

  3. Slide 3: Financial Strength and High Profitability

    Financial Strength and High Profitability Liquidity coverage ratio Tier 1 capital ratio 156% 11.46% 150% 11.18% 11.35% 56% Gap above the regulatory 10.81% 3.21% 2.11% Gap above 50% requirement 2.93% 10.42% the regulatory 1.19% 1.57% requirement 1.18% 128% 128% 127% 28% 28% 27% 2019 2020 2021 2022 20

  4. Slide 4: Consistent Income Growth

    Consistent Income Growth Fee income (NIS millions) Total income before provision for credit losses (NIS millions) 1,502 6,618 1,489 1,444 5,414 1,371 1,286 4,122 4,550 4,160 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Financing earnings from current activity (NIS millions) 5,151 4,016 2,844 2,

  5. Slide 5: Continuous Improvement in Operating Efficiency

    Continuous Improvement in Operating Efficiency Efficiency ratio Headcount (end of period ) 4,947 64.4% 4,288 61.8% 4,074 58.3% 3,791 3,645 3,646 3,616 50.9% 43.5% 31.12.14 31.12.18 31.12.19 31.12.20 31.12.21 31.12.22 31.12.23 2019 2020 2021 2022 2023 Total operating and other expenses (NIS millions)

  6. Slide 6: Continuous Growth

    Continuous Growth AUM growth (NIS billions) Growth in credit to the public (NIS billions) 672 120.1 601 634 117.2 119.2 530 560 102.2 462 92.2 88.8 452.9 480.6 447.7 392.1 Securities 388.1 342 Deposits 120 153 168 181 191 142 31.12.19 31.12.20 31.12.21 31.12.22 30.9.23 31.12.23 31.12.19 31.12.20 31.

  7. Slide 7: Credit Portfolio by segment, end of period (NIS billions)

    Credit Portfolio by segment, end of period (NIS billions) Small & micro businesses Housing loans Private customers 35.5 35.5 35.5 23.7 23.1 22.3 20.0 18.8 18.1 31.12.22 30.9.23 31.12.23 31.12.22 30.9.23 31.12.23 31.12.22 30.9.23 31.12.23 Large businesses (incl. institutions) Midsize businesses 35.4

  8. Slide 8: AUM end of period (NIS billions)

    AUM end of period (NIS billions) Midsize businesses Small & micro businesses Private customers 152 158 141 52 46 44 71.1 73.7 62 11 13 24.8 11 19.2 19.2 3.9 4.9 4.6 25 27 79 81 84 6 8 27 7 31.12.22 30.9.23 31.12.23 31.12.22 30.9.23 31.12.23 31.12.22 30.9.23 31.12.23 Financial institutions Large busi

  9. Slide 9: Equity Growth Conservative Securities Portfolio

    Equity Growth Conservative Securities Portfolio Equity attributable to shareholders Mix as of 31.12.23 Balance Bank Equity attributable to bonds,Stocks, 222 2% shareholders of the Bank 4% 211 196 12,071 11,583 10,559 Israel US government government bonds, 39% bonds, 55% 31.12.22 30.9.23 31.12.23 Lev

  10. Slide 10: Dividend Yield

    Dividend Yield Dividend for 2023 Profits Dividend Yield 6.8% 5.6% 269 4.5% 945 220 220 Supplementation 799 to 50% of H1.23 169 profits 35% 37.5% 545 90 20% 100 20% Q1.23 Q2.23 Q3.23 Q4.23 2021 2022 2023 10

  11. Slide 11: Principal Information 2023 (compared to 2022)

    Principal Information 2023 (compared to 2022) Profitability Net profit growth Revenue growth Fee growth Financing income growth ROE 2,172 30% 6,618 22% 1,502 0.9% 5,108 30% 19.7% 16.6% 2023 change 2023 change 2023 change 2023 change 2023 2022 Efficiency and Financial Strength Liquidity coverage Tier

  12. Slide 12: Financing Income from Current Activities (NIS millions)

    Financing Income from Current Activities (NIS millions) Financing income from current activities (excluding fair value of derivative instruments and investment income) 5,151 4,016 2,844 1,332 1,350 1,266 1,268 1,200 Q4.22 Q1.23 Q2.23 Q3.23 Q4.23 2021 2022 2023 BOI interest 2.89% 3.92% 4.58% 4.75% 4.

  13. Slide 13: Provisions for Credit Losses and Credit Quality Indices

    Provisions for Credit Losses and Credit Quality Indices Credit quality indices Credit loss expense rate 31.12.22 31.12.23 Collective Individual Allowance buffers 0.17% 0.11% 0.25% 0.33% 0.55% 0.55% 0.42% 1.12% 1.50% Ratio of provision for credit losses to credit to the public 0.56% 0.46% NPL 0.42% R

  14. Slide 14: Main Commissions (NIS millions)

    Main Commissions (NIS millions) 2023 1,489 1,502 2022 2022 2023 744 738 214 211 196 213 128 130 98 100 43 42 67 68 Transactions Account Credit cards Conversion Foreign-trade Commissions on Other commissions in securities management differences activity financing activities 14 FIBI

  15. Slide 15: Principal Information Q4.23 (compared to Q4.22 & Q3.23)

    Principal Information Q4.23 (compared to Q4.22 & Q3.23) Profitability Net profit Revenue Financing income Operating income ROE 499 9.7% (6.9%) 1,582 (1.2%) (1.6%) 1,210 (1.3%) (2.7%) 370 (1.6%) 1.6% 17.0% 16.0% 20.7% Q4.23 Compared to Compared to Q4.23 Compared to Compared to Q4.23 Compared to Compa

  16. Slide 16: Customer and Business Support

    Customer and Business Support Assistance to small Community support businesses The Bank allocated a significant The Bank rallied to help small budget to support and accompany businesses with a variety of Benefits and alleviations for private Establishment of special funds for members of the standing

  17. Slide 17: Digital Innovations and Launches

    Launch of a new Display of chatbot system on information on credit the website and cards issued by other app banks and non-bank credit companies Digital Ordering a virtual card on the website Increased credit limit on credit cards Innovations and app and Launches Significant upgrade in the user inte

  18. Slide 18: Appendices

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  19. Slide 19: Condensed Income Statement 1-12.2023 (NIS millions)

    Condensed Income Statement 1-12.2023 (NIS millions) 1-12.2023 1-12.2022 Change % change Interest income, net 4,966 3,803 1,163 30.6% Non-interest financing income 142 113 29 25.7% Net financing income 5,108 3,916 1,192 30.4% Credit loss expenses (0.42% compared to 0.11% in the corresponding period)

  20. Slide 20: Condensed Income Statement 1-12.2023 (continued)

    Condensed Income Statement 1-12.2023 (continued) 1-12.2023 1-12.2022 Change % change Total operating and other expenses 2,877 2,755 122 4.4% Salaries and related expenses 1,746 1,680 66 3.9% Maintenance and depreciation of premises and equipment 341 332 9 2.7% Amortization and impairment of intangib

  21. Slide 21: 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

  22. Slide 22: Thank You

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