The First International Bank of Israel (Tase: Fibi), which is controlled by Zadik Bino and headed by Eli Cohen, has published a net that entered the element of credit loss in 2024, making it an exception among Israel's banks. In summary, the bank recorded a net profit of 2.37 billion Natiya for the past year, which is 9.2 % higher than profit in 2023. The return on property rights in 2024 was 19 %, which is higher among all banks.
First International has announced the distribution of 40 % cash dividends. Like other banks, First International also seeks to increase their profits. “The bank’s board of directors will continue to discuss the implementation of the profit distribution policy, as the bank will distribute up to 50 % of its net profits every year, in light of the developments and its impact on the economy and the bank,” I Vers said internationally this morning.
Related articles
NIS 4.3B Participation Bank deduction for 2024
It publishes for the largest bank profit ever
Hapoalim records, annual profit record, set goals
Mizrahi Tefahot to pay huge profits in 2024 profit record
As we mentioned, the first international income was recorded in the element of credit loss. The total of 16 million NIS, which compares with net expenses of 502 million NIS in 2023. In the fourth quarter, there were credit losses of 35 million NA, after a general ruling for 41 million credit losses. Credit loss expenses as a percentage of average total credit of the public reached 0.11 %.
The audience's net credit grew by 10 % last year to 129 billion NIS. The deposits of the public grew by 12.4 %, to 215 billion NIS.
It was published by Globes, Israel Business News – En.globes.co.il – on March 12, 2025.
© Copy Publish Publisher Itonut (1983) Ltd. , 2025.