The First International Bank was incorporated in 1972, in accordance with a decision of the then Minister if Finance, Mr. Pinchas Sapir. The Bank was established through the merger of two banking institutions: the Foreign Trade Bank owner of Mortgage and Development Bank (later to be known as the first international mortgage bank) and the Export Bank.
In 1976, the First International Bank acquired control of the Israeli industry Bank (then the international funding of industry bank) that merged into the first international bake on December 1994.
In 1977, the First International Bank acquired control of PAGI Bank, which specialized in providing banking services to the ultra-orthodox population in Israel.
In 1978, the First International Bank acquired and merged Industry Bank.
In 1981, the bank establishes his first international extension at London. In 1984, the bank establish new subsidiary FIBI BANK in Switzerland.
At the beginning of 1983 - acquisition of 50.5% of the control of Independent mortgage and development Bank, by the end of 2004, the bank acquired 88% of the independent Bank.
In the eighties of the twentieth century, the Bank expanded its operations overseas by establishing banking extensions in London (1981) and in Zurich (1984).
In 2000 – acquisition 20% of capital rights and 15% of voting rights in ISRAEL CREDIT CARDS LTD (CAL). due to more acquisitions in 2006,2007 the bank capital and voting rights where 28.2% of capital rights and 21% of voting rights.
In 2004 – acquisition of control in UBank (then Investec Bank), with a view of enhancing operations in the private banking and capital market fields.
In 2005 – the mortgage banks operating within the First International bank Group were merged with and into the Bank, which coordinates the mortgage loan operations by an internal unit specializing in this field.
In 2006 – Independent Bank and Mortgage Bank merged in to The First International Bank.
In 2006 – acquisition 68% of capital rights and 66% of voting rights in Otzar Hahayal Bank, due to more acquisitions in 2010,2012,2014 the bank capital and voting rights where 78.0%.
With a view of enhancing the business of the Bank in the retail segment and the offering of services to the quality population of the security forces personnel.
In 2008 – acquisition of 51% of Massad Bank ,
as an additional step in enhancing the business with the retail segment by providing banking services to the teaching personnel in Israel.
In 2015 – FIBI merged PAGI Bank and UBank with and into the First International bank, while maintaining the brand names PAGI and UBank –being leading brand names in their sectors.
In 2014 - the First International bank sold FIBI London, and on 2017 sold FIBI Zurich.
In 2019 – FIBI merged Otsar Ha-Hayal Bank into the First International bank, while maintaining all the unique values and services provided to the Israeli defense forces personnel