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[[File:31.03.09 Tel Aviv 066 Beinleumi Tower 2.JPG|thumb|220px|[[First International Bank Tower]] in [[Tel Aviv]]]] |
[[File:31.03.09 Tel Aviv 066 Beinleumi Tower 2.JPG|thumb|220px|[[First International Bank Tower]] in [[Tel Aviv]]]] |
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'''The First International Bank of Israel''' (known in Hebrew as HaBeinleumi Bank) is the fifth largest bank in Israel. Its commercial base consists primarily of large corporate clients as well as ordinary citizens.<ref name=dun>[http://duns100.dundb.co.il/ts.cgi?tsscript=comp_eng&duns=600009823 First International Bank of Israel (FIBI) - Profile - Dun's 100] [[Dun & Bradstreet]]</ref> |
'''The First International Bank of Israel''' (known in Hebrew as HaBeinleumi Bank) is the fifth largest bank in Israel. Its commercial base consists primarily of large corporate clients as well as ordinary citizens.<ref name=dun>[http://duns100.dundb.co.il/ts.cgi?tsscript=comp_eng&duns=600009823 First International Bank of Israel (FIBI) - Profile - Dun's 100] [[Dun & Bradstreet]]</ref> |
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==History== |
==History== |
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The [[bank]] was founded in 1972 through the merger of several smaller banks.<ref>[http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=FTIN:IT First International Bank of Israel, Ltd. - Company Profile] BusinessWeek</ref> |
The [[bank]] was founded in 1972 through the merger of several smaller banks.<ref>[http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=FTIN:IT First International Bank of Israel, Ltd. - Company Profile] BusinessWeek</ref> |
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[[Edmond Safra]] (through 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.<ref name=dun |
[[Edmond Safra]] (through 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.<ref name=dun /> |
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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 did not participate in the [[Bank stock crisis (Israel 1983)|bank stock scandal]] in Israel in the 1980s and as such was the only prominent bank in the country not [[Nationalization|nationalized]] as result of the crisis.<ref name=dun |
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 did not participate in the [[Bank stock crisis (Israel 1983)|bank stock scandal]] in Israel in the 1980s and as such was the only prominent bank in the country not [[Nationalization|nationalized]] as result of the crisis.<ref name=dun /> |
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For a long time, FIBI was unique among Israeli banks in offering complete paperwork in [[English language|English]] even to ordinary customers: as a result, it was patronized by many English-speaking immigrants.{{why|date=March 2012}} |
For a long time, FIBI was unique among Israeli banks in offering complete paperwork in [[English language|English]] even to ordinary customers: as a result, it was patronized by many English-speaking immigrants.{{why|date=March 2012}} |
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==References== |
==References== |
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{{reflist}} |
{{reflist}} |
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==External links== |
==External links== |
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*{{Official|http://www.fibi.co.il}} |
*{{Official website|http://www.fibi.co.il}} |
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{{Israeli banks}} |
{{Israeli banks}} |
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{{TA 100 companies}} |
{{TA 100 companies}} |
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[[Category:Banks of Israel|The First International Bank of Israel]] |
[[Category:Banks of Israel|The First International Bank of Israel]] |
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[[Category:Banks established in 1972]] |
[[Category:Banks established in 1972]] |
Revision as of 22:55, 31 May 2015
Company type | Public |
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TASE: FIBI | |
Industry | Banking |
Founded | 1972 |
Headquarters | , |
Key people | Smadar Barber-Tsadik, CEO |
![]() | |
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 (known in Hebrew as HaBeinleumi Bank) is the fifth largest bank in Israel. Its commercial base consists primarily of large corporate clients as well as ordinary citizens.[2]
History
The bank was founded in 1972 through the merger of several smaller banks.[3]
Edmond Safra (through 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 did not participate in the bank stock scandal in Israel in the 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 even to ordinary customers: as a result, it was patronized by many English-speaking immigrants.[why?]
At the end of 2012 First International's core capital ratio was the highest among Israel's major banks – 9.65%.[1]
Subsidiaries
- Bank Massad (51%) – jointly owned with Israel's teachers Trade Union
- Bank Otsar Ha-Hayal
- U-Bank – specializes in private banking
- Poaley Agudat Israel Bank (PAGI) – serving mainly the Jewish Orthodox community
See also
References
- ^ a b 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 Dun & Bradstreet
- ^ First International Bank of Israel, Ltd. - Company Profile BusinessWeek