First International Bank of Israel Ltd Stock

First International Bank of Israel Ltd., together with its subsidiaries, provides various financial and banking services to individuals, households, and businesses.

The company owns Massad Bank Ltd. that provides services to the teachers population in Israel.

The business operations of the company focus on several principal areas:

Financial brokerage between depositors and borrowers, which is the basis for commercial banking. Income from such operation is reflected in net interest income comprising the main source of profit of the company.

Financial and banking services producing commission income in a variety of operations in the foreign currency, international trade, securities, information services, credit cards, derivative financial instruments, etc.

Investment and pension consulting.

The 'nostro' investments of the company and market and liquidity risk management.

Operational banking services for the capital market.

Trusteeship services for institutional customers through the company's trust company.

Business Divisions

The company operates through three principal business divisions: Corporate Division; Banking Division; and Customer Asset Division.

Corporate Division

This division conducts all operations relating to corporate and middle-market customers, as well as business and institutional customers active on the capital market.

Banking Division

This division through the branches provides banking and mortgages services to all customers segments- households, private banking and small businesses. In this framework operate UBank Ltd. (UBank) branches specializing in private banking and capital market operations and Otsar Hahayal branches, specializing in providing services to retail and commercial customers with emphasis on the employees and retirees of the defence forces. In addition, the PAGI sub-division branches specialize in the religious and orthodox segment.

Customer Asset Division

This division centralizing the whole operation in the capital market, money market and foreign currency operation with private customers, business customers, institutional customers and capital market professionals. Within the division operating dealing rooms of securities, foreign currency and deposits, as well as investment and pension advisement settings, investment center and UBank trust company and Unique International portfolio management company.

Deposits

The company offers various deposits, such as demand deposits, fixed-term deposits, and acceptances.

Securities

The company's investment portfolio includes Bonds of Israeli government, Bonds of foreign governments; Bonds of financial institutions in Israel, Bonds of foreign financial institutions, Bonds of others in Israel; and Bonds of foreign others.

History

First International Bank of Israel Ltd. was founded in 1972. The company was incorporated in 1972.