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First International Bank of Israel Ltd. - FIBI. Ownership Structure Bino-Liberman Group FIBI Holding Company Ltd. The Public Israel Discount Bank The.

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Presentation on theme: "First International Bank of Israel Ltd. - FIBI. Ownership Structure Bino-Liberman Group FIBI Holding Company Ltd. The Public Israel Discount Bank The."— Presentation transcript:

1 First International Bank of Israel Ltd. - FIBI

2 Ownership Structure Bino-Liberman Group FIBI Holding Company Ltd. The Public Israel Discount Bank The First International Bank of Israel Ltd. The Public E % V % E. Percentage of equity share capital ownership V. Percentage of voting power exercised at any general meeting E % V % E % V % E % V % FIBI Investment House Ltd. E % V. 11.1% E % V. 0% E. 100% V.100% As of PAGI Poalei Agudat Israel Bank Ltd. Modus-Selective Investments Portfolio Ltd. FIBI Bank (UK) Plc FIBI Bank (Suisse) Ltd. Kidma – Provident Funds Management Ltd. E % V.68.68% E.50% V. 60% E. 100% V.100% E. 100% V.100% E. 100% V.100% UBank Ltd. E. 100% V.100% Otsar Hahayal E. 68% V.66% Bank Massad The First Int’l & Co. Underwriting and Investments Ltd. E. 75% V. 25% E. 51% V.51%

3 Since: retail/commercial FIBI Retail bank cluster FIBI Bank (UK) FIBI Bank (Suisse) U - Bank Otsar Hahayal Massad  Corporate + middle market banking  Private + affluent banking  85 branches PAGI International Branches:  Capital markets  Trust and custody  Private and affluent banking  6 branches (unique affluent banking branches)  Business banking  Private banking Focus: 17 retail/commercial retail Key audience:defense + militaryteachersultra-orthodox First International Bank Group  Private banking

4 First International Bank of Israel Ltd. | | 4 4 Universal bank with strong niche position in capital markets, foreign exchange and foreign trade Domestic subsidiaries target focused audiences: affluent banking (UBank), defense sector - retail banking (Otsar Hahayal), ultra-orthodox Jews (PAGI), and teachers (Massad) Foreign subsidiaries in London (commercial banking) and Zurich (private banking) Branches: 175 in Israel (including subsidiaries) Employees: 4,829 Equity: NIS 5,491 Million (US$ Million *) 5th largest banking group in Israel First International Bank of Israel - FIBI * $/NIS =

5 First International Bank of Israel Ltd. | | 5 5 Financial Strength Ratios as of The Five Leading Banking Groups by Rank First Tier Capital Adequacy Ratio Capital Adequacy Ratio Deposit to Credit Ratio Problem Debt to Credit Ratio Provisions to Credit Ratio 18.71%112.32%1130.5%16.6%10.39%FIBI 27.60%411.15%4102.2%27.3%40.68%Hapoalim 37.51%211.52%3114.8%510.7%51.01%Leumi 47.44%510.27%2119.2%48.1%30.67%Discount 56.64%311.31%4104.2%38.0%20.45%MIzrahi 11.6%18.5%0.72%Total

6 First International Bank of Israel Ltd. | | 6 6 Gov. & Bank Deposits NIS 1.9 B Capital Notes NIS 4.5 B Capital available for Investments* NIS 3.7 B Credit to the Public NIS 61 Billion Deposits from the Public NIS 79.9 Billion Liquid Assets (25% Deposits from the Public) Deposits / Credit Ratio 131% Capital Investments 81.7% of capital available for Investments NIS 238 M Pre - Tax Provisions Bonds – State of Israel NIS 9.3 Billion Bonds OECD NIS 617 Million Cash/Deposits-Bank of Israel NIS 10 Billion Deposits in Banks NIS 5.2 B Bonds – Banks NIS 4 B 12.3% is secured under liquid Assets (Deposits / State Bonds) NIS Corporate Bonds, NIS 1 B MBS Prime+AltA NIS 282 M Hedge Funds & Stocks NIS 168 M Credit Risks in VAR Terms NIS 125 M Structure Products NIS 259 M FOREX Corporate Bonds NIS 655 M BEZEQ+HOT NIS 536 M NIS 86 M NIS 57 M NIS 173 M NIS 20 M No Provision NIS 42 M No Provision * Shareholder’s Equity less Liquid Assets

7 First International Bank of Israel Ltd. | | 7 7 Ratio of Provision for Doubtful Debts to Credit to the Public 4 Other Leading Banks FIBI

8 First International Bank of Israel Ltd. | | 8 8 Total Credit Risk in Respect of Problematic Debts (Consolidated, NIS millions)

9 First International Bank of Israel Ltd. | | 9 9 Changes in Assets, Deposits and Credit to the Public (Consolidated, NIS Billions) Deposits from the Public Credit to the Public Total assets Ratio of Deposits to Credit 131%* (*) The average deposits/credit ratio in the five leading banking groups: 112%

10 First International Bank of Israel Ltd. | | Capital Adequacy Ratio - FIBI (%) 5,6905,7405,6775,5075,402 IV/08III/08II/08I/ IV/ % 11.6% 11.7% 11.4% 12.3% 8.6% 8.9% 8.5%8.4% 8.7% 7,1647,163 7,8287,806 8,043 * Capital Adequacy First Tier Capital Adequacy First Tier Capital Ratio (NIS Millions) Second Tier Capital Ratio (NIS Millions) (*) Realization of the full potential for raising tier 2 capital would bring the capital adequacy ratio to 12.6%; following the report date, the Bank raised an addition NIS 355 million in capital notes

11 First International Bank of Israel Ltd. | | Composition of Proprietary Trading Book (Consolidated, NIS Millions) * Including 456 Million NIS investment in BEZEQ Shares and 80 M NIS in HOT shares both used as collateral for credit granted

12 First International Bank of Israel Ltd. | | Net Operating Earnings and ROE - Consolidated * Including tax returns on previous years in 2007 and revocation of the Adjustment to Inflation Law and a tax rate reduction in 2008

13 First International Bank of Israel Ltd. | | Income by Customer Segments * * Not including the “Financial Management” & “Other” Segments SMALL BUSINESS PRIVATECOMMERCIALCORPORATEHOUSEHOLD

14 First International Bank of Israel Ltd. | | Income to Risk Assets (*) Includes Household, private banking and SME segments; segmentation of customers and expense allocations differ from bank to bank

15 First International Bank of Israel Ltd. | | Banking Subsidiaries in Israel PAGI PAGI, in which FIBI has a 68% equity holding is a commercial bank with 20 branches, and the majority of its clients belong to the ultra-orthodox and orthodox sectors. PAGI maintains a unique positioning as Israel’s only orthodox oriented bank and its share in its target segment has grown significantly. PAGI’s strategy is to aggressively grow its client base, while focusing on target segments with intensive financial activity in personal, business, and institutional banking. UBANK UBANK - FIBI acquired 100% of share capital of UBANK (formerly Investec Bank (Israel) Ltd.) in December It is maintained as an independent subsidiary. The acquisition of UBANK significantly bolstered FIBI’s competitive position in private banking, capital markets and foreign currency trading. UBank’s IT systems were fully integrated into FIBI’s at end In 2007 UBANK launched an innovation in Israeli banking – dedicated branches for affluent clients. This premium service comprises distinctive branch design and hours of operation, along with other attractive features.

16 First International Bank of Israel Ltd. | | OTSAR HAHAYAL OTSAR HAHAYAL - FIBI acquired 68% of the share capital of Otsar Hahayal in August, Bank Otsar Hahayal specializes in retail and small to medium-sized businesses (SMEs) and has a high proportion of current and former Defence Industry personnel within its client base. The inclusion of Bank Otsar Hahayal’s operations creates a banking group with a comprehensive and diverse range of activity and earning base. FIBI is currently in the process of integrating Otsar Hahayal’s IT systems and coordinating across headquarters support functions. MASSAD MASSAD - FIBI acquired 51% of the share capital of Massad in May 2008.Massad, as a sectorial bank, specializes in teaching personnel as its client base. FIBI is currently in the process of integrating Massad’s IT System and coordinating across headquarter support functions. Massad's identity as the “teachers' bank” also places it in an advantageous position in the Arab sector, and explains its success in this sector despite rising competition..

17 Comments% change Strong growth in income (0.9) Decrease in income from Capital Markets (13.4) Increase in doubtful debts provisions, one- time incomes and earnings in 2007 (62.5) Increase in doubtful debts provisions (13.0) * Provisions for decline in value of securities (2,976)2,526(450) FIBI Bank (UK) (GBP K) Proprietary trading book losses (598)6,2865,688 FIBI Bank (Switzerland) (CHF K) * Excluding employee grant paid following the sale of the bank in 2008 Changes in Net Profit - Subsidiaries


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