First International Bank of Israel (FIBI)
The smallest of Israel's top-five commercial banks. Held through a parallel holding company (FIBI Holdings).
First International Bank of Israel (FIBI)
The First International Bank of Israel (FIBI) is the fifth-largest of Israel's five large banks and completes the top-five concentration that controls 98% of Israeli banking sector assets.¹ FIBI was named in the May 6, 2026 Competition Authority concentration group declaration² and was among the five Israeli banks divested by Norway's sovereign wealth fund in August 2025.³
The First International Bank of Israel completes the top-five Israeli banking concentration. FIBI's scale is meaningfully smaller than the four banks above it (Hapoalim, Leumi, Mizrahi Tefahot, Discount) but is substantial enough that the bank is included in the concentration group and was named in the May 6, 2026 declaration.²
In August 2025, Norway's Norges Bank Investment Management divested both First International Bank of Israel and its majority owner FIBI Holdings as part of a broader divestment from five Israeli banks, alongside Hapoalim, Leumi, and Mizrahi Tefahot. NBIM cited concerns about the banks' role in financing settlement activity in the West Bank.³
Editorial note: Reports in late 2025 indicated a change in FIBI Holdings' ownership structure involving Delek Group interests. The Olam will publish detailed coverage of any such change after verification through TASE filings and mainstream Israeli press confirmation. Wave 2.
Read Next in The Olam
The Banking Oligopoly — Pillar context
Banking & Institutional Capital — Pillar
Bank Hapoalim · Bank Leumi
Sources
¹ The Times of Israel, "Regulator demands fairness from Israeli banks as they cash in on hefty fees," May 2025. https://www.timesofisrael.com/regulator-demands-fairness-from-israeli-banks-as-they-cash-in-on-hefty-fees/ ² The Times of Israel, "Israel's competition watchdog declares top 5 banks an oligopoly," May 6, 2026. https://www.timesofisrael.com/israel-competition-watchdog-declares-top-banks-an-oligopoly-targets-deposits/ ³ CNBC, "Norway's giant wealth fund exits six firms on Israel concerns," August 26, 2025. https://www.cnbc.com/2025/08/26/norways-giant-wealth-fund-exits-six-firms-on-israel-concerns.html; Arab News, "Norway wealth fund excludes Caterpillar and five Israeli banks," August 26, 2025. https://www.arabnews.com/node/2613095/world
Additional anchor sources: FIBI Holdings annual reports (TASE filings); Globes; Calcalist. Data current as of Q2 2026.