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FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
Overview 30.09.12
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
2
Net Earnings and ROE NIS Millions
291 NIS Millions
449 NIS Millions
* Assuming core capital ratio of (8.3%), (as the average core capital ratio of the Israeli banking industry at 30/06/2012)
10.1%
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
3
Statements of income 1-9/2012- 1-9/2011 NIS Millions
1-9/20121-9/2011Gross
changeNet interest income1,6771,60671Expenses (income) with respect to credit loss (0.17% provision rate)
855926
Net interest income after expenses for credit losses1,5921,54745
Total non-interest income1,174995179
Of which: non-interest income (expenses)137(129)266Operating commissions (decrease stems mainly from decreases in customers activity in the capital markets)
1,0151,101(86)
Other Income 2223(1)
Total operating and other expenses2,0782,087(9)Of which: salaries and related expenses (including losses appointed time compensation)
1,2181,20711
Holding and depreciation on buildings and equipment 332336(4)
Amortization and impairment of intangible assets1261188
Other expenses402426(24)
Profit before tax688455233
Provision for taxes on income25319657
Bank’s share of profit of associates3046(16)
Net earnings449291158
ROE10.1%6.9%
Core capital ratio (end of period)9.33%8.18%
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
4
Statements of income 7-9/2012- 7-9/2011 NIS Millions
7-9/20127-9/2011Gross
change
Net interest income57052248
Expenses (income) for credit losses (0.20% provision rate)
3359(26)
Net interest income after expenses for credit losses53746374
Total non-interest income416198218
Of which: non-interest income (expenses)64(165)229
Operating commissions (decrease stems mainly from decreases in customers activity in the capital markets)
335358(23)
Other Income 17512
Total operating and other expenses68265329
Of which: salaries and related expenses (including losses appointed time compensation)
39236032
Holding and depreciation on buildings and equipment 112115(3)
Amortization and impairment of intangible assets42393
Other expenses136139(3)
Profit before tax2718263
Provision for taxes on income106997
Bank’s share of profit of associates516(11)
Net earnings16410154
ROE11.0%0.7%
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
5
Income from Financing Activities (before Tax) 7-9/2012 - 7-9/2011 NIS Millions
7-9/20127-9/2011Gross
change
Net interest income57052248
income (expenses) Non-interest64(165)229
Total income from interest and non-interest634357277
Reconciliations to fair value of derivatives 19(60)79
Income from sale and reconciliations to fair value of bonds53449
Earnings investments from shares18117
Provisions for impairment of securities(1)(96)95
Financial expenses arising from hedging investments abroad(6)(10)4
Total income from interest and non-interest-core activities
55147873
Average interest rate in bank of Israel2.25%3.25%
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
6
Total Income to Total Weighted Risk Assets Ratio
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
7
Operating & Other Expenses NIS Millions
1-6/20121-6/2011
9-
11
8
24-
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
Improving Operational Efficiency Ratio (Consolidated)Total Operating Expenses to Total Income
8
Total Income%
1-9/2011
Total Operating ExpensesTotal Operating Expenses / Total Income
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
Credit tothe Public66.8 NIS Billion
9
FIBI Strategic Assets & Liabilities Structure NIS Millions
Deposits to Credit Ratio
Liquid Assets to Deposits Ratio
Capital Adequacy Basel II
Core Capital Adequacy :Of which
Corporate and Commercial 34.815.4Consumer
16.0 Mortgage
Gov. & Bank Deposits1. 6 NIS Billion
9.33%
126.5%
34.3%
36.1%Of capital available for Investments
State of Israel Bonds: 6.5 NIS Billion
Deposits-Bank of Israel:18.7 NIS Billion
Sovereigns Bonds: 1.2 NIS Billion
Deposits in Banks: 3.5 NIS Billion
Banks Bonds: 1.7 NIS Billion
NIS+foreign Corporate Bonds:0.8 NIS BillionStructure Products, Hedge Funds & Stocks:0.7 NIS Billion
Market Risks in VAR Terms: (0.04) NIS Billion
Capital Notes5.4 NIS Billion
Capital available for Investments4.4 NIS Billion
14.19%
10.02% Credit against liquid assets
Deposits from the Public83.8 NIS Billion
Credit tothe Public66.2 NIS Billion
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
10
Total Assets, Deposits & Credit to the public NIS Millions
Credit to the Public
Public Deposits
EquityAssets
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
11
Credit to the Public by segments
30.9.2012 NIS Millions
30.09.12 31.12.1130.09.11
Change in %
Compared to
30.09.11 Total Private + Retail (Households)
31,08028,91228,8557.71%
Of which: Mortgage
15,98914,70214,6229.35%
Commercial + Small Business
13,33513,38713,517-1.35%
Corporate 21,78422,67921,7100.34%
Total Credit to the Public
66,19964,97864,0823.30%
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
12
Provision for Credit Losses to Credit to the Public Ratio
* Since 2011 all collection on Doubtful debts is shown as Expenses for credit losses instead of earnings from financing operations
New measurement according to new B.O.I Regulation*
Other 4 Leading Banks FIBI
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
13
Deposits from the Public by segments
30.09.1231.12.1130.09.11Change in % Compared to
30.09.11
Private Banking
24,06223,57122,5456.73%
Retail (Households)
27,74126,36525,6878.00%
Total Private Deposits
51,80349,93648,2327.40%
Commercial + Small Business
10,36111,13810,428)0.64%(
Corporate21,61020,31320,2066.95%
Total 83,77481,38778,8666.22%
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
14
Composition of Total Proprietary Trading Book NIS Millions
Volume30.09.12
Volume30.06.12
Composition 30.09.12
Composition 30.06.12
Government bonds & Secured by Government bonds
7,3938,53071%74%
State of Israel bonds88%90%
Commercial Banks bonds1,7561,70917%15%
Shares4604654%4%
Other 8288798%7%
Of which: Fx Corporate Bonds
144145
Of which: NIS Corporate Bonds
684735
Total10,43711,583100%100%
NIS Millions
Government bonds & Secured by Government bonds
71%
Total
Spain90
Italy83
Portugal0
Greece0
Ireland0
NIS Millions PIIGS proprietary trading book exposure
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
13.42%
15
Core Capital Ratio 30.09.12- Basel II
****
-1.3
14.30%14.57%
13.42%
*
*
*
***
**
-1.3
-1.7 -1.71
0.77-
1.62-
0.75-
%
-0.7
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
16
Changes in Net Profit - Subsidiaries NIS Millions
1-9/2012Change
Relative to 1-9/2011
ROECore Capital
Ratio
85.336%12.3%8.96%
37.510%11.6%15.9%
3510%13.4%11.7%
32.524%11.2%13.76%
FIBI
FIRST INTERNATIONAL BANK OF ISRAEL
17
Q3 Highlights
11% ROE at the third quarter and 10.1% ratio for the 9 month ended on September 30.
Continued increase in financing revenues from core banking activity.
Continued decrease in capital market operating commissions due to the decline in stock market activity volumes, while maintaining our share in the activity.
Continued decrease in operating expenses (including in expenses related to activity in the capital market).
Increase in revenues from bonds and shares. a relatively large positive movement in the capital reserve.
Improved profitability at subsidiaries.
Core capital ratio: 9.33%, the highest in the banking industry.