First International Bank Of Israel, IL0005930388

Norway fund divests from five banks: what it means for First International Bank Of Israel stock

Published on 10/09/2026 at 13:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Norway's fund sold USD 661 million across five banks on October 9, 2026. First International Bank Of Israel stock posted ILS 583 million Q2 net income.

Key points in brief

Norway's wealth fund divested from five Israeli banks, including First International Bank of Israel, on October 9, 2026.
The combined value of the five bank stakes was USD 661 million as of June 30, 2026.
First International Bank of Israel reported ILS 583 million in second-quarter 2026 net income and approved an ILS 558 million dividend.
The TASE price was ILA 21,940.00 on October 9, 2026, down 0.77 percent from the prior close.

First International Bank Of Israel, IL0005930388, Illustration mit AI erstellt.

First International Bank of Israel (ISIN IL0005930388) was named among five Israeli banks divested by Norway's wealth fund on October 9, 2026, as Gulf Times reported. The combined value of the five banking stakes stood at USD 661 million as of June 30, 2026, giving the decision a measurable ownership impact while leaving the value of the individual FIBI stake unspecified.

Three events shape the picture

On August 12, 2026, Simply Wall St reported second-quarter net income of ILS 583 million. On August 13, 2026, the same source reported an approved ILS 558 million dividend, equal to 96 percent of quarterly net income. On October 9, 2026, Gulf Times reported the Norwegian fund's divestment from First International Bank of Israel and four other Israeli banks.

What does the payout mean for capital?

The ILS 558 million distribution represented 96 percent of second-quarter net income, so the payout was materially larger than a conventional 50 percent quarterly distribution. That arithmetic puts shareholder distributions alongside balance-sheet funding as the central financial tradeoff in the latest reported quarter.

Upcoming dates for FIBI

According to Simply Wall St, the annual general meeting is scheduled for October 25, 2026. Investing.com lists November 24, 2026, as the next earnings date. These dates give investors two defined checkpoints after the ownership change and the second-quarter payout.

Stock trades lower on TASE

First International Bank of Israel was last at ILA 21,940.00 on TASE on October 9, 2026 at 1:45 p.m. IDT, down 0.77 percent versus the prior close of ILA 22,110.00. The stock's 52-week range was ILA 20,690.00 to ILA 30,090.00, placing the latest price ILA 8,150.00 below the yearly high.

Market context: Market report TA-35.