Net income - NIS 1 billion . Net of the one-off deduction with respect to the bank s shares in Valley, net income reached NIS 2.1 billion .ROE of 17%, net of the one-off deduction due to the bank s. | May 23, 2023
MARCH 31, 2023 FINANCIAL RESULTS PRESENTATION The conference call does not replace the need to review the latest periodic/quarterly reports. | May 23, 2023
After weathering recession and military conflicts, Israel s high-tech sector could be facing its biggest test yet as the collapse of Silicon Valley Bank removes a key funding source and a. | April 3, 2023
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JERUSALEM (Reuters) - First Digital Bank, the first new bank in Israel since 1978, started operations on Sunday on a trial basis, and said it planned to open to the public later in 2021.
The bank, which Israel s banking regulator approved last year, has 140 staff and has begun opening accounts and providing all banking services for a closed group of customers.
First Digital Bank was founded by Amnon Shashua, co-founder of Intel s autonomous car business Mobileye. Shashua has invested $60 million into the venture and the bank said it would raise additional funds to expand its operations.
Shashua said the bank will use artificial intelligence and other innovative technologies to meet customer needs.