First International Bank Of Israel, IL0005930388

Norway fund exits five banks: what it means for First International Bank Of Israel stock

Published on 10/19/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The second-quarter net income was ILS 583.00 million on October 12, 2026. First International Bank Of Israel stock has results due on November 24, 2026.

Events and earnings schedule

Norway's sovereign wealth fund announced its October 12, 2026 withdrawal from five Israeli banks.
First International Bank of Israel posted ILS 583.00 million net income in the second quarter of 2026, versus ILS 480.00 million in the first quarter.
The next earnings report is scheduled for November 24, 2026.

First International Bank Of Israel, IL0005930388, Illustration mit AI erstellt.

First International Bank Of Israel (ISIN IL0005930388) was among five Israeli banks affected by Norway's sovereign wealth fund withdrawal of USD 661.00 million announced on October 12, 2026, according to Arab News. The decision followed an ethical review of investments in the Israeli banking sector.

Three events shape the picture

The recent chronology starts with October 5, 2026, when the Lod District Court allowed a class action concerning unpaid interest on positive current-account balances to proceed, as reported by Simply Wall St. On October 11, 2026, Globes reported that First International accounted for 14.00 percent of the current-account balances covered by the claim. The October 12, 2026 fund withdrawal then added an external ownership and reputational issue.

What does the legal case mean?

The financial exposure described by Globes concerns a wider claim involving ILS 400.00 billion in current-account balances across four banks, with estimated damages of ILS 3.62 billion to ILS 5.06 billion. The court decision allowed the case to proceed as a class action rather than deciding the final merits. That distinction matters because any eventual cost, settlement or change in customer pricing remains a later development.

Results date sets the next marker

Operating results provide a counterweight to the legal and ownership headlines. First International Bank of Israel reported ILS 583.00 million in net income for the second quarter of 2026, compared with ILS 480.00 million in the first quarter, according to Investing.com. The same page identifies earnings per share of ILS 5.82 and the latest release date as August 12, 2026. Its next earnings date is November 24, 2026, giving investors a defined checkpoint for profitability, capital distribution and any commentary on the court case.

Stock context and market listing

First International Bank of Israel last closed at ILA 23,790.00 on the Tel Aviv Stock Exchange on October 16, 2026. The bank trades under ticker FIBI and provides financial services to individuals, households and businesses in Israel.