First International Bank of Israel Ltd. announced consolidated and bank earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported profit amounted to ILS 132 million, down 25.8% from the corresponding quarter. The bank announced that this was mainly due to lower tax expenses in the fourth quarter of 2011 resulting from legislation for amending the tax burden. Net interest income rose by 0.8% to ILS 593 million compared with the corresponding quarter. The income growth was achieved despite the 0.85% fall in the interest rate compared with 2011. For the year, on consolidated basis, the company reported interest income of ILS 3,787 million against ILS 4,096 million a year ago. Net interest income after expenses from credit losses was ILS 2,116 million against ILS 2,084 million a year ago. Income before taxes was ILS 872 million against ILS 660 million a year ago. Net profit attributable to shareholders of the bank was ILS 577 million against ILS 480 million a year ago. The bank also reported that return on equity rose to 9.5% in 2012 from 8.5% in 2011. Net profit per share attributable to banks shareholders was ILS 5.75 against ILS 4.78 a year ago. For the year, the bank reported interest income of ILS 2,511 million against ILS 2,735 million a year ago. Net interest income after expenses from credit losses was ILS 1,229 million against ILS 1,222 million a year ago. Income before taxes was ILS 492 million against ILS 316 million a year ago. Net profit attributable to shareholders of the bank was ILS 577 million against ILS 480 million a year ago.

First International Bank of Israel Ltd., Annual General Meeting, Dec 24, 2012., at 11:00 Israel Standard Time.

First International Bank of Israel Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported interest income of ILS 1,017 million compared to ILS 1,053 million a year ago. Income before taxes was ILS 271 million compared to ILS 8 million a year ago. Net profit attributable to shareholders of the bank was ILS 164 million or ILS 1.63 per share compared to ILS 10 million or ILS 0.10 per share a year ago. Return on equity reached 11% annualized. For the nine months, the company reported interest income of ILS 2,998 million compared to ILS 3,142 million a year ago. Income before taxes was ILS 688 million compared to ILS 455 million a year ago. Net profit attributable to shareholders of the bank was ILS 449 million or ILS 4.47 per share compared to ILS 291 million or ILS 2.90 per share a year ago. Net return on equity attributed to shareholders of the bank annualized was 10.1% against 6.9% a year ago.