Israel's First International Bank Q3 profit up on higher interest rates
Source: Reuters
JERUSALEM, Nov 23 (Reuters) - First International Bank of Israel (FIBI) (FIBI.TA) reported on Wednesday a 28% rise in third-quarter net profit, citing growth in credit and deposits as well as the impact of rising interest rates.Quarterly net profit was 467 million shekels ($135 million), up from 364 million a year earlier. Net interest income rose to 1 billion shekels from 710 million.The bank, Israel's fifth…
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