First International Bank Of Israel, IL0005930388

Norway fund exits five banks, including First International Bank of Israel stock

Published on 10/15/2026 at 09:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Norway's fund withdrew USD 661 million from Israeli banks on October 12, 2026. Second-quarter net income reached ILS 583 million versus ILS 480 million.

Capital and earnings markers

Norway's fund withdrew USD 661 million from five Israeli banks on October 12, 2026.
Second-quarter net income reached ILS 583 million versus ILS 480 million in the first quarter.
First International Bank of Israel will hold its annual general meeting on October 25, 2026.

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

First International Bank of Israel (ISIN IL0005930388) reported ILS 583 million in net income for the second quarter of 2026, up from ILS 480 million in the first quarter. The result came as Norway's sovereign wealth fund withdrew USD 661 million from five Israeli banks on October 12, 2026, including First International Bank of Israel, according to Arab News.

Why the earnings figure matters

The latest quarterly result gives investors a concrete counterweight to the ownership change. WAFA reported that second-quarter net income reached ILS 583 million, compared with ILS 480 million in the first quarter. That is a sequential increase of 21.46 percent, calculated from the two reported figures.

The bank's shareholder-return profile also remains part of the valuation discussion. Simply Wall St reported that the board approved an ILS 558 million distribution linked to the second quarter, equal to 96 percent of quarterly net income.

Three dated developments

On May 23, 2026, First International Bank of Israel reported ILS 480 million in first-quarter net income. On August 12, 2026, the bank reported ILS 583 million in second-quarter net income and approved a dividend equal to 96 percent of quarterly net income, according to Simply Wall St. On October 12, 2026, Norway's fund announced the withdrawal of USD 661 million from five Israeli banks, including First International Bank of Israel, as reported by Arab News.

What dates come next

First International Bank of Israel's annual general meeting is scheduled for October 25, 2026, according to Simply Wall St. The meeting gives shareholders a near-term corporate date after the fund decision and the second-quarter earnings release.

Trading context for investors

First International Bank of Israel is listed on the Tel Aviv Stock Exchange under ticker FIBI.TA and operates in the financials sector. On October 15, 2026, the stock was trading at ILA 23,160.00 on the TASE at 10:23 a.m. IDT. The level followed a last reported close of ILA 22,620.00 on October 13, 2026, according to Global Banking and Finance.