The First International Bank of Israel is an Israel-based bank. Its commercial base consists primarily of large corporate clients as well as end-market consumers.[2]
The company is traded in the Tel Aviv Stock Exchange under the symbol "FIBI", and is part of the Tel Aviv 35 Index.[3]
History
First International Bank of Israel was founded in the early 1970s when then Israeli Finance Minister Pinchas Sapir approved the merger of several smaller banks into the former.[4]
Edmond Safra (through his distant cousin Jacques Nasser) acquired control of FIBI in the 1980s. After 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