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Article: FIBI 9-month net profit almost doubles to NIS 329 million

Article from:
Jerusalem Post
Article date:
November 16, 2005
Author:
Copyright

YIGAL GRAYEFF
Jerusalem Post
11-16-2005
Headline: FIBI 9-month net profit almost doubles to NIS 329 million
Byline: YIGAL GRAYEFF
Edition; Daily
Section: Economics
Page: 17

Wednesday, November 16, 2005 -- First International Bank of Israel's nine-month net profit almost doubled to NIS 329m. from NIS 170m. a year earlier, due to a rise in financing income and a fall in provisions for doubtful debt.

The bank said on Tuesday that in the nine-months ended September 30, income from financing operations, before provisions for doubtful debt, rose to NIS 1.22b. from NIS 1.07b. in 2004, boosted by the inclusion of UBank, which First International Bank of Israel (FIBI) bought in December for almost NIS ...

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