CEO STATEMENT
The First International Bank’s results for the third quarter reflect resilience and strength, as well as our ability to deliver continued rapid growth in our core strategic focus areas: deposits and customer assets have grown rapidly, surpassing NIS 1 trillion, and the loan portfolio continues to grow while maintaining high quality of credit and a balanced risk profile.
There is a great sense of optimism in the air as we celebrate the return of the living hostages and the progress on the ceasefire agreement. The economy has remained stable during the protracted and costly war, primarily because the country entered the conflict in strong condition following two decades of growth, with a thriving high-tech sector, a consistently declining debt-to-GDP ratio, a robust financial system, and substantial foreign currency reserves.
The Israeli economy is now at an inflection point with potential for growth, especially noting the possibility of expanding the regional Abraham Accords. The situation remains fragile, and we must act responsibly so that the country and the economy successfully navigate the coming challenges as we continue to make progress toward resuming growth.
I would like to thank the Bank’s employees for their tireless dedication during these
difficult times, and for their unwavering loyalty, professionalism, and commitment to
the Bank and its customers, and to express hope for the return of the remaining fallen
hostages to home to Israel for proper burial.
Financial Highlights
• Net income for the first nine months of the year: NIS 1,748 million. Return on Equity (ROE): 16.9%
• Net income for the third quarter of 2025: NIS 581 million
Return on Equity (ROE): 16.2%
• Income was affected by nonrecurring losses at CAL; excluding these losses, net income for the third quarter totals NIS 624 million, with a 17.4% ROE
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Total revenues for the first nine months of the year went up 6% from the prior-year period
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Customer assets went up 34.4% from the prior-year period and up 5.8% in the third quarter, totaling NIS 1.074 trillion
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Gross credit to the public went up 11.9% from the prior-year period, and up 3.4% in the third quarter of the year
• Deposits from the public went up 9.4% from the prior-year period, and up 3.5% in the third quarter of the year
• The equity attributable to the Bank’s shareholders totaled NIS 14,543 million, up 11.3% from the prior-year period
• Tier 1 capital ratio: 11.39%
• The Bank’s Board of Directors decided to approve an NIS 436 million dividend distribution, comprising 50% of the net income for the third quarter and an additional amount out of the remaining distributable profits
First International Bank of Israel Reports Financial Results for the Third Quarter of 2025.
Statements reflect accelerated growth and high profitability while maintaining financial Strength.
Third Quarter and nine month 2025 Results Summary
The FIBI Group’s net income for the first nine months of the year totaled NIS 1,748 million, down 2.8% from the prior-year period. The ROE reached 16.9%.
Net income for the third quarter of 2025 totaled NIS 581 million, down 6.3% from the same quarter last year. ROE reached 16.2%.
Income was affected by nonrecurring losses at CAL; excluding these losses, net income for the third quarter totals NIS 624 million, with a 17.4% ROE.
Total revenues for the first nine months of the year went up 6% from the prior-year period, totaling NIS 5,337 million.
Fee income in the first nine months of the year went up 17.5% from the prior-year period, totaling NIS 1,320 million. Fee income for the third quarter went up 16.4% from the same quarter last year.
Gross credit to the public totaled NIS 141.4 billion, up 11.9% from the prior-year period, and up 3.4% from the second quarter of the year.
Deposits from the public totaled NIS 233 billion, up 9.4% from the prior-year period, and a 3.5% increase compared to the second quarter of the year.
The total customer asset portfolio went up 34.4% from the prior-year period and up 5.8% in the third quarter, totaling NIS 1.074 trillion.
The equity attributable to the Bank’s shareholders went up to NIS 14,543 million, reflecting a 11.3% growth rate compared to the prior-year period. The Tier 1 capital ratio is 11.39%, which exceeds the regulatory capital requirement by 2.16% and facilitates the continued growth of the Group’s operations.
High-quality loan portfolio: the non-performing loan (NPL) ratio (the rate of non-accruing loans or loans that are 90 or more days past due out of the total credit to the public) is 0.46%, compared to 0.57% for the prior-year period.
Operating and other expenses for the first nine months of the year totaled NIS 2,383 million. The efficiency ratio was 44.7% for the first nine months of the year and 43.7% for the third quarter of 2025.
The provision for income taxes for the first nine months of the year went up to NIS 1,157 million, compared to NIS 1,033 million for the prior-year period, and the effective tax rate was 39.0%, compared to 36.3% for the prior-year period. The tax rate increase mainly stems from income attributed to previous years for the prior-year period and an increase in the special fee applicable to banks.
The Bank’s Board of Directors decided to approve an NIS 436 million cash dividend distribution to the shareholders, comprising 50% of the net income for the third quarter and an additional amount out of the remaining distributable income. The Board of Directors will continue to discuss the implementation of the Bank’s dividend distribution policy in light of recent developments and their impact on the economy and on the Bank.
Eli Cohen CEO
