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* [[U-Bank Israel]] – specializes in [[private banking]] |
* [[U-Bank Israel]] – specializes in [[private banking]] |
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* Poaley Agudat Israel Bank (PAGI) – serving mainly the [[Orthodox Judaism|Jewish Orthodox]] community |
* Poaley Agudat Israel Bank (PAGI) – serving mainly the [[Orthodox Judaism|Jewish Orthodox]] community |
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==Criticism== |
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===Involvement in Israeli settlements=== |
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{{See also|List of companies operating in West Bank settlements}} |
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On 12 February 2020, the [[United Nations]] published a [[List of companies operating in West Bank settlements|database]] of companies doing business related in the [[West Bank]], including [[East Jerusalem]], as well as in the occupied [[Golan Heights]].<ref>{{cite web|url=https://reliefweb.int/report/occupied-palestinian-territory/database-all-business-enterprises-involved-certain-activities|title=Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)|date=12 Feb 2020|publisher=UN OCHA|access-date=2021-09-12}}</ref> First International Bank of Israel was listed on the database on account of its activities in [[Israeli settlement|Israeli settlements]] in these occupied territories,<ref name=unlist_ohchr>{{cite news |date=12 February 2020 | title=UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory | url=https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=25542 |work=[[Office of the United Nations High Commissioner for Human Rights]] | access-date=5 July 2021}}</ref> which are considered [[International_law_and_Israeli_settlements|illegal under international law]].<ref name=unsc2334>{{cite news |date=23 December 2016 | title=S/RES/2334(2016) | url=https://undocs.org/S/RES/2334(2016) |work=[[United Nations Security Council]] | access-date=5 July 2021}}</ref> |
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==See also== |
==See also== |
Revision as of 15:57, 14 September 2021
Company type | Public |
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TASE: FIBI | |
Industry | Banking |
Founded | 4 August 1970 |
Headquarters | , |
Key people | Smadar Barber-Tsadik, CEO |
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Total equity | ₪5787.0 million (2010) |
Number of employees | 5,173 |
Parent | FIBI Holdings Ltd. |
Website | www.fibi.co.il |
Footnotes / references [1] |
The First International Bank of Israel (Hebrew: הבנק הבינלאומי, HaBank HaBeinleumi) is an Israel-based bank. Its commercial base consists primarily of large corporate clients as well as end-market consumers.[2]
History
First International Bank of Israel was founded in 1972 when then Israeli Finance Minister Pinchas Sapir approved the merger of several smaller banks into the former.[3]
Edmond Safra (through his distant cousin Jacques Nasser) acquired control of FIBI in the 1980s: after Edmond Safra's death, the Safra Group sold off its business interests in Israel. As of 2010, FIBI's largest current shareholder is the FIBI Holding Company Ltd, whose largest shareholder is the Bino-Liberman Group; in addition, the Israel Discount Bank holds a significant block of shares.[2]
The bank opened branches in London in 1981, and in Zurich in 1984. In 2006 it acquired a 68% interest in Bank Otsar Ha-Hayal for NIS 702 million. It is notable for being the only major bank in Israel which was not involved in the bank stock crisis in Israel in the early-1980s and as such was the only prominent bank in the country not nationalized as result of the crisis.[2]
For a long time, FIBI was unique among Israeli banks in offering complete paperwork in English.
In 2015, Tungsten Corporation plc acquired FIBI's UK division for £30 million.[4]
Subsidiaries
- Bank Massad (51%) – jointly owned with Israel's teachers Trade Union
- Bank Otsar Ha-Hayal
- U-Bank Israel – specializes in private banking
- Poaley Agudat Israel Bank (PAGI) – serving mainly the Jewish Orthodox community
See also
References
- ^ Katsovitch, Guy (20 March 2013). "First International Bank profit jumps 20% in 2012". Globes. Retrieved 26 March 2013.
- ^ a b c First International Bank of Israel (FIBI) - Profile - Dun's 100 Archived 2013-10-21 at the Wayback Machine Dun & Bradstreet
- ^ First International Bank of Israel, Ltd. - Company Profile BusinessWeek
- ^ Irit Avissar; Ron Stein (10 July 2014). "Tungsten Corp. Acquires First International Bank Of Israel UK For £30 Million". Jewishbusiness.com. Retrieved 24 June 2020.