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FIBI

FIBI. FIRST INTERNATIONAL BANK OF ISRAEL. O verview 31. 03 .1 4. Net Profit and ROE NIS Millions. ROE. 141 NIS Millions. Average capital. 3.9%+. 6,858. 6,603. Core capital adequacy ratio Basel III. 9.73%.

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FIBI

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  1. FIBI FIRST INTERNATIONAL BANK OF ISRAEL • Overview 31.03.14

  2. Net Profit and ROE NIS Millions ROE 141 NIS Millions Average capital 3.9%+ 6,858 6,603 Core capital adequacy ratio Basel III 9.73% * Assuming core capital ratio of (9.29%), the Israeli banking industry average core capital ratio (Other 4 leading Banks) as of 31.03.14, the ROE is 7.5% in Q1.2014. ** The Net profit includes amortization of 13 NIS Millions, inflicting a 0.8% reduction in the ROE.

  3. Statements of income Q1/2014 – Q1/2013 NIS Millions

  4. Income from Financing Activities (before Tax) Q1/2014 - Q1/2013 NIS Millions

  5. Operating & Other Expenses(NIS Millions) 1-3/2014 1-3/2013 2.4% 9 17 8 4 4- 1.9% Mainly due to commissions paid in relation to capital market operations 7.5% 3.7% 8.7%- * Continued budgetary restraint trend - significant decrease (2.6%) in operating expenses in comparison to Q1/11 * Including amortization of 13 NIS Millions in Q1/14.

  6. Consolidated Operational Efficiency Ratio Total Operating Expenses to Total Income Total Operating Expenses / Total Income (Before Expenses for credit losses) % Total Income Total Operating Expenses Total Operating Expenses / Total Income (After Expenses for credit losses) % 75.0%

  7. FIBI Strategic Assets & Liabilities Structure NIS Billions 31.3.14 31.12.13 FIBI StrategicAssets & Liabilitiescomposite (*) 31.3.14(NIS Billions) Public Deposits 91.1 Credit to the Public 67.9 Capital Adequacy Basel III 14.78% 14.48% Core Capital Adequacy Basel III 10.11% 9.73% Deposits to Credit Ratio 129.7% 134.2% 38.4% 40.0% Liquid Assets to Deposits Ratio State of Israel Bonds 6.9 Bank of Israel Deposits 24.8 Gov. & Bank Bonds 2.1 Corporate Bonds(foreign & Israel currency) 0.7 Structures, Hedge funds &Stocks 0.7 Capital Notes 5.6 Market risk in VAR(0.03) CapitalAvailableforInvestment 4.9 (*) illustration – not to scale

  8. An increase in total balance sheet NIS Billions 5.1% 4.1% 1.3%

  9. Statement Of Changes in Equity Q1/2014NIS Millions Core capital ratio (Basel III, 31/3/14) was 9.73%, compared to -10.11% (31.12.13) following dividend distribution. The Highest dividend yield in the Israeli banking system Dividend yield of 3.5% in 2013, 4% in 2014 and 7.51% for the past 12 months

  10. Credit to the Public by segmentsNIS Millions (19%) (23%) (33%) (25%) () – 31.3.13

  11. Expenses for Credit Losses to Credit to thePublic Ratio Provisions for Credit losses 2007-I/2014 * *In Q1/2013 the Bank has implemented a one time regulatory provision on its mortgage portfolio in order to set the expenses for credit losses ratio to 0.35% of the mortgage credit balance (24 NIS million). Excluding this one time provision, the group’s ratio in 2013 was 0.11%.

  12. Breakdown of credit for problematicdebts 31.3.14NIS Millions The highest rate in the Israeli banking system

  13. Deposits from the Public breakdown by segments NIS Millions (13%) (33%) (26%) (28%) () – 31.3.13

  14. Continued growth in client assets portfolio (deposits and securities) average balancesNIS Millions

  15. Core Capital Ratio 31.3.14 Basel III * ** Minimal Regulatory Requirement For HAPOALIM&LEUMI * 14.30% Minimal Regulatory requirement 14.57% 13.42% 13.42% Basel II** * * Gap -0.56 0.59- % * -1.3 ** -0.71 * -1.3 ** % % Note: The core capital ratio in banks is according to Basel III.

  16. Subsidiaries net profit

  17. Highlights for the first quarter of 2014 Substantial Macro & Accounting effect Income from interest & inflation • The Interest income were influenced by the decline in bank of Israel interest rate in the period (0.83%) and the effect of the negative CPI on the CPI-linked positions • Expense for Fair Value of derivatives for the quarter compared to Income last period (timing differences) led to a decrease in financial income by approximately 21 NIS Million. Fair Value of derivatives FAS 91 • Increased financial income by approximately 21 NIS Million with a corresponding reduction of approximately 25 NIS million in income from commission, led to a decrease in profit of about 2 NIS million. Continued growth in activity Continued investment growth • Continued growth in client assets portfolio (deposits and securities) of 40 NIS billion (14%) Innovation in capital markets • New product and services launch (i.e. the investment radar, Duchifat trading platform, etc.) Growth in the other operating income • An increase of 9.4% in income from commissions (excluding the impact of FAS 91), related to growth in client activity (especially in capital markets) Subsidiaries • Continuing development of corporate clients through the Small Business Fund • Focus in growth segments

  18. Highlights for the first quarter of 2014 High financial stability Core Capital Ratio • The highest in the Israeli banking system (also under Basel III)- 9.73% Deposits to credit ratio • Deposits to credit ratio – 134.2% Decrease in provisions for credit losses • Decrease in provisions for credit losses - 0.06% (0.14% on 2013). credit portfolio quality and diversification • Ratio of credit loss allowance to total impaired credit is the highest in the system - 79.5% NPL (excluding mortgages) Moderate increase in operating expenses Moderate increase in operating expenses • Operating expenses growth rate of only 2.4% in comparison to Q1/13 • Mainly resulted by an increase in salaries and in capital markets related commissions consistent budgetary restraint • Continued budgetary restraint trend - significant decrease (2.6%) in operating expenses in comparison to Q1/11 The Highest dividend yield in the Israeli banking system • Dividend of 230 NIS million in the first quarter of 2014 • Dividend yield Dividend yield of 3.5% in 2013, 4% in 2014 and 7.51% for the past 12 months

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