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New permanent exemption regulations regarding credit extension in Israel

<p>🕑<i> 5 minutes </i></p><p>Until recently, foreign financial institutions who engaged in credit extension to Israeli residents, as well as some other types of entities, could rely on various exemptions that were available under temporary regulations. Now, the New Exemption Regulations have replaced the former exemption regulations and have been enacted as permanent regulations, with no expiry date, therefore providing much greater certainty to the market players engaging in this field of business.</p> ....

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First International Bank of Israel Presents Fourth Quarter and Full Year 2020 Results


First International Bank of Israel Presents Fourth Quarter and Full Year 2020 Results
USA - English
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TEL AVIV, Israel, March 17, 2021 /PRNewswire/ First International Bank of Israel (TASE: FIBI) one of Israel s major banking groups, today announced its results for the fourth quarter and full year of 2020. 
Financial Highlights:
Return on equity: 8.6%;
Return on equity: 9.6%;
The average balance of deposits from the public grew by 13.1%;
The average balance of private customer s deposits grew by 15.9%;
The Bank continues to increase efficiency: operating and other expenses decreased by 3.2%;
Ratio of Tier I equity capital to risk assets: 11.18%; ....

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