First International Bank of Israel
Full Text
הבנק הבינלאומי הראשון לישראל בע"מ
Head office: Rothschild Blvd 42, Tel Aviv-Jaffa, 6688310 Israel. Tel.: +972-3-5196223
An Israeli commercial bank that provides a variety of banking services, including through its bank brands "Otsar Ha-Hayal", "PAGI" and "Ubank". The bank controls "Bank Massad".
The First International Bank of Israel provides financial foundation and services for settlement activities and settlement expansion, and benefits from financial activity in illegal Israeli settlements in the occupied Palestinian territory.
Financing Construction and Infrastructure Projects in Illegal Settlements
The First International Bank provides financial infrastructure and mortgages to various construction companies for the purpose of building real estate projects in settlements in occupied East Jerusalem and holds the companies’ rights to the lands and projects as collateral.
Pisgat Ze'ev
In September 2025, the bank granted Israeli construction company Sarfati Shimon a loan for a construction project known as the "Pisgat Ze'ev Project", which includes the construction of 4 residential towers with 286 housing units and an employment building with commerce and public areas in the Pisgat Ze'ev settlement neighborhood in occupied East Jerusalem. The project is part of City Plan No. 101-0464859. The bank holds as collateral a first-degree permanent lien on all of the company's rights to receive all funds or receipts that are held in a trust account at Bank Leumi.
Givat HaMatos
Between 2021 and 2026, the bank provided the Israeli construction company Ram Aderet-Salit with mortgage loans for a residential construction project in the settlement neighborhood of Givat HaMatos in occupied East Jerusalem.
In April 2021, the bank granted Ram Aderet two loans for a construction project of 130 housing units on 7.65 dunams (7,650 square meters) of land in the settlement neighborhood of Givat HaMatos in occupied East Jerusalem. The project is part of Plan No. מק/14295 for construction and development on an area of 369,393 dunams in Givat HaMatos, which explicitly includes the consolidation and division of lands without the consent of their owners. The bank holds as collateral a first-degree lien on all of the company's rights to receive all income and rights related to the real estate, including construction rights. In February, July, and December 2024, the bank granted the company additional loans, for which the bank holds as collateral first-degree liens on all of the company's rights in the project and the land, including all the company’s rights under agreements with purchasers in the project and all income, rights and franchises arising from or related to the mortgaged assets in the project. In January 2026, the bank granted the company a loan for which the bank holds as collateral a first-degree lien on all of the company’s rights under agreements with purchasers in the project and all income, rights and franchises arising from or related to the mortgaged assets in the project.
Atarot Industrial Zone
In November 2021, the bank granted Israeli construction company Bardarian Brothers a loan for which the bank holds as collateral all of the company’s rights and income pursuant to a bus parking construction project in the Atarot Industrial Zone in occupied East Jerusalem. The project, part of the company's agreement with the Moriah Jerusalem Development Corporation according to Tender 98/2020, serves as a parking lot and bus terminal for over 300 buses. The Bank holds as collateral all of the company's rights to all income, rights and franchises related to the project.
Ariel
In January 2019, the bank provided Ram Aderet-Salit a mortgage for a construction project of 300 housing units in two complexes with a total area of about 30,000 m2 in the settlement of Ariel in the occupied West Bank.
Transportation Infrastructure Projects in Occupied East Jerusalem
The Jerusalem Light Rail
In 2020, the bank was part of a consortium led by Hapoalim Bank to finance the expansion of the Red Line and the establishment of the Green Line as part of the Jerusalem Light Rail’s (JLR) J-Net Project. The consortium awarded the Light Rail’s operators CAF and Shapir Engineering and Industry NIS 3.5 billion. The Jerusalem Light Rail (JLR) network is a large-scale Israeli transport infrastructure project connecting large settlement blocks in occupied East Jerusalem to the center of the city and its western side, creating territorial continuity and easing settler movement on both sides of the Green Line. For more on the J-Net Project see Who Profits report Developments in the Expansion of the JLR Network: The J-Net Project.
Road 50
The bank financed Shapir Engineering and Industry’s project for the expansion of Road 50, connecting the Atarot and Gilo settlement neighborhoods in occupied East Jerusalem. The bank also accompanied a paving and development project near Wadi al-Joz in occupied East Jerusalem. For more information see Who Profits’ report Paving the Way: The Role of Israeli Banks in Road Construction in the Occupied Palestinian Territory.
Financing Settlements-Based Construction Companies
In August 2022, Bank Otsar Ha-Hayal, a bank brand of the First International Bank, granted settlement-based Israeli construction company Hemdat Shomron a loan for which the bank holds as collateral a permanent lien on all of the company's rights to receive funds from the bank in respect of deposits.
In June 1998, the bank granted settlement-based Israeli construction company Bar Amana Buildings Construction & Development a loan of NIS 20,350,000, which is still active. Bar Amana Buildings Construction & Development Co. Ltd. is a construction and development company owned by the settlement movement Amana (Amana from the settlement movement of the Central Cooperative Association Gush Emunim). Amana is considered the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied Palestinian territory. The company is based in the Ma'alot Dafna settlement neighborhood in occupied East Jerusalem.
Banking Services to Settlement Local and Regional Councils
The First International Bank of Israel provides loans, credit and banking services to settlements regional and local councils in the occupied West Bank. These loans can be used to develop infrastructure, build public facilities and provide municipal services to the residents of the settlement.
The bank has provided loans and various banking services for the settlements of Ariel, Alfei Menashe, Beit El, Beitar Ilit, Har Hevron, Kdumim (Kedumim), Ma’ale Efraim and Karnei Shomron in the occupied West Bank.
Kdumim
The bank operates accounts for the Kdumim settlement in the occupied West Bank. On February 5, 2025, the Kdumim Local Council approved authorized signatories for the council's bank accounts at the International Bank and Otsar Ha-Hayal.
Ariel
As of April 2026, the bank has 4 active pledge agreements with the Ariel Municipality in the occupied West Bank.
In November 2025, the bank signed a pledge agreement with the Ariel Municipality for a period of one year (ends 2026). The bank holds as collateral the council’s rights to all the council’s current and future revenues and rights that originate from the municipality's own revenues, as well as income and rights arising from the mortgaged assets or related to them.
In July 2022, the bank signed a pledge agreement with the Ariel Municipality for a period of 99 years (ends 2121). The bank holds as collateral the council’s current and future revenue of funds originating from water and sewage.
In January 2020, the bank signed a pledge agreement with the Ariel Municipality for a period of 81 years (ends 2101). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget.
In December 2016, the bank signed a pledge agreement with the Ariel Municipality for a period of 99 years (ends 2115). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
Karnei Shomron
As of April 2026, the bank has 5 active pledge agreements with the Karnei Shomron Local Council in the occupied West Bank.
In January 2020, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 5 years (ends 2025). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
In January 2018, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2117). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
In November 2017, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2116). The bank holds as collateral the council’s current and future revenue income and rights that come from all the properties located in its jurisdiction excluding funds originating from the state budget and revenues from water and sewage.
In January 2012, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2111). The bank holds as collateral the council’s current and future revenue income and rights that come from all the properties located in its jurisdiction excluding funds originating from the state budget and revenues from water and sewage.
Har Hevron
The Har Hevron Regional Council provides services to 20 settlements in the South Hebron Hills area in the occupied West Bank.
On 6 December 2022, the Har Hevron Regional Council general assembly approved a NIS 1 million credit loan from the First International Bank for 2023 according to the bank's requirements, including pledging the council's income as collateral. In 2022, the council received a NIS 1 million credit loan from the bank.
As of April 2026, the bank has 2 active pledge agreements with the Har Hevron Regional Council in the occupied West Bank.
In July 2011, the bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2110). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
In August 2005, the bank signed a pledge agreement with the Har Hevron Regional Council for a period of 25 years (ends 2130) for which the bank holds as collateral the council’s current and future revenue as collateral.
Beitar Ilit
As of April 2026, the bank has 2 active pledge agreements with the Beitar Ilit Municipality in the occupied West Bank.
In March 2006, the bank signed a pledge agreement with the Beitar Ilit Municipality for a period of 99 years (ends 2105). The bank holds as collateral the council’s rights according to an agreement with Bank Clearing Center Ltd., including the right to receive funds accordingly. Bank Clearing Center Ltd. (Masav) is a banking corporation owned by the Hapoalim, Leumi, Discount Bank, and Mizrahi Tefahot banks, and provides services to all banks and their customers.
In September 2005, the bank signed a pledge agreement with the Beitar Ilit Municipality for a period of 99 years (ends 2104) for which the bank holds as collateral the council’s current and future revenue.
Alfei Menashe
As of April 2026, the bank has 1 active pledge agreement with the Alfei Menashe Local Council in the occupied West Bank.
In July 2014, the bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2113). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
Ma’ale Efraim
As of April 2026, the bank has 1 active pledge agreement with the Ma’ale Efraim Local Council in the occupied West Bank.
In July 2002, the bank signed a pledge agreement with the Ma’ale Efraim Local Council for a period of 99 years (ends 2101). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget.
Beit El
As of April 2026, the bank has 1 active pledge agreement with the Beit El Local Council in the occupied West Bank.
In January 2012, the bank signed a pledge agreement with the Beit El Local Council for a period of 99 years (ends 2011). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
Branches in Settlements
The bank operates branches providing banking services in settlements in the occupied West Bank and East Jerusalem.
The bank operates branches in the settlement of Ariel, Beitar Ilit and Modi’in Ilit in the occupied West Bank, and branches in the Ramot settlement neighborhood in occupied East Jerusalem. The bank’s fully owned subsidiary, Massad Bank, operates a branch in the French Hill settlement neighborhood in occupied East Jerusalem.
Services to the Israeli Ministry of Defense
The bank provides banking services to the Ministry of Defense (IMOD) and operates branches in Israeli military bases.
In May 2023, the bank won a tender from the Ministry of Defense to provide credit and banking services to ministry employees for a period of 7 years starting in December 2023, with an option to extend for an additional 3 years. The contract includes providing loans and banking services to the ministry employees and rights to operate bank branches at military bases. In accordance with the IMOD tender, the bank provides special benefits to those eligible, including exemption from fees and a credit line with preferential terms and benefits in securities activities
In addition, the bank's fully owned banks, UBank and Bank Otsar Ha-Hayal (merged with the company in 2019), specialize in providing banking services specifically to employees and retirees of the defense system.
Financial Support for the Israeli Military
The bank provides financial donations to the military's 411th Battalion as part of the "Adopt a Soldier" project in which business companies "adopt" military combat units for a period of at least 3 years. Battalion 411 operates in the occupied West Bank and in Gaza. Since October 2023, it has participated in thousands of shellings of Gaza. The bank takes part in the unit's events and its donations are intended for the unit's soldiers, including clothing and equipment.
In 2025, the bank provided 30 apartments for soldiers as part of the Association for Israel’s Soldiers housing project.
In addition, the bank takes part in a scholarship program to finance academic courses for soldiers and military veterans, and a project to integrate young people with special needs into service in the Israeli military.
In 2025, the bank sponsored the annual conference of the MAMARAM Unit, the military's central computing system unit.
Financing Weapon Manufacturing Projects
In January 2020, the bank granted Israeli company Bardarian Brothers a loan pursuant to a contract between the company and state-owned weapon manufacturer, Rafael Advanced Defense Systems. The bank holds as collateral all the company's rights and rights to its revenues arising from the contract.
An Israeli commercial bank that provides a variety of banking services, including through its bank brands "Otsar Ha-Hayal", "PAGI" and "Ubank". The bank controls "Bank Massad".
The First International Bank of Israel provides financial foundation and services for settlement activities and settlement expansion, and benefits from financial activity in illegal Israeli settlements in the occupied Palestinian territory.
Financing Construction and Infrastructure Projects in Illegal Settlements
The First International Bank provides financial infrastructure and mortgages to various construction companies for the purpose of building real estate projects in settlements in occupied East Jerusalem and holds the companies’ rights to the lands and projects as collateral.
Pisgat Ze'ev
In September 2025, the bank granted Israeli construction company Sarfati Shimon a loan for a construction project known as the "Pisgat Ze'ev Project", which includes the construction of 4 residential towers with 286 housing units and an employment building with commerce and public areas in the Pisgat Ze'ev settlement neighborhood in occupied East Jerusalem. The project is part of City Plan No. 101-0464859. The bank holds as collateral a first-degree permanent lien on all of the company's rights to receive all funds or receipts that are held in a trust account at Bank Leumi.
Givat HaMatos
Between 2021 and 2026, the bank provided the Israeli construction company Ram Aderet-Salit with mortgage loans for a residential construction project in the settlement neighborhood of Givat HaMatos in occupied East Jerusalem.
In April 2021, the bank granted Ram Aderet two loans for a construction project of 130 housing units on 7.65 dunams (7,650 square meters) of land in the settlement neighborhood of Givat HaMatos in occupied East Jerusalem. The project is part of Plan No. מק/14295 for construction and development on an area of 369,393 dunams in Givat HaMatos, which explicitly includes the consolidation and division of lands without the consent of their owners. The bank holds as collateral a first-degree lien on all of the company's rights to receive all income and rights related to the real estate, including construction rights. In February, July, and December 2024, the bank granted the company additional loans, for which the bank holds as collateral first-degree liens on all of the company's rights in the project and the land, including all the company’s rights under agreements with purchasers in the project and all income, rights and franchises arising from or related to the mortgaged assets in the project. In January 2026, the bank granted the company a loan for which the bank holds as collateral a first-degree lien on all of the company’s rights under agreements with purchasers in the project and all income, rights and franchises arising from or related to the mortgaged assets in the project.
Atarot Industrial Zone
In November 2021, the bank granted Israeli construction company Bardarian Brothers a loan for which the bank holds as collateral all of the company’s rights and income pursuant to a bus parking construction project in the Atarot Industrial Zone in occupied East Jerusalem. The project, part of the company's agreement with the Moriah Jerusalem Development Corporation according to Tender 98/2020, serves as a parking lot and bus terminal for over 300 buses. The Bank holds as collateral all of the company's rights to all income, rights and franchises related to the project.
Ariel
In January 2019, the bank provided Ram Aderet-Salit a mortgage for a construction project of 300 housing units in two complexes with a total area of about 30,000 m2 in the settlement of Ariel in the occupied West Bank.
Transportation Infrastructure Projects in Occupied East Jerusalem
The Jerusalem Light Rail
In 2020, the bank was part of a consortium led by Hapoalim Bank to finance the expansion of the Red Line and the establishment of the Green Line as part of the Jerusalem Light Rail’s (JLR) J-Net Project. The consortium awarded the Light Rail’s operators CAF and Shapir Engineering and Industry NIS 3.5 billion. The Jerusalem Light Rail (JLR) network is a large-scale Israeli transport infrastructure project connecting large settlement blocks in occupied East Jerusalem to the center of the city and its western side, creating territorial continuity and easing settler movement on both sides of the Green Line. For more on the J-Net Project see Who Profits report Developments in the Expansion of the JLR Network: The J-Net Project.
Road 50
The bank financed Shapir Engineering and Industry’s project for the expansion of Road 50, connecting the Atarot and Gilo settlement neighborhoods in occupied East Jerusalem. The bank also accompanied a paving and development project near Wadi al-Joz in occupied East Jerusalem. For more information see Who Profits’ report Paving the Way: The Role of Israeli Banks in Road Construction in the Occupied Palestinian Territory.
Financing Settlements-Based Construction Companies
In August 2022, Bank Otsar Ha-Hayal, a bank brand of the First International Bank, granted settlement-based Israeli construction company Hemdat Shomron a loan for which the bank holds as collateral a permanent lien on all of the company's rights to receive funds from the bank in respect of deposits.
In June 1998, the bank granted settlement-based Israeli construction company Bar Amana Buildings Construction & Development a loan of NIS 20,350,000, which is still active. Bar Amana Buildings Construction & Development Co. Ltd. is a construction and development company owned by the settlement movement Amana (Amana from the settlement movement of the Central Cooperative Association Gush Emunim). Amana is considered the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied Palestinian territory. The company is based in the Ma'alot Dafna settlement neighborhood in occupied East Jerusalem.
Banking Services to Settlement Local and Regional Councils
The First International Bank of Israel provides loans, credit and banking services to settlements regional and local councils in the occupied West Bank. These loans can be used to develop infrastructure, build public facilities and provide municipal services to the residents of the settlement.
The bank has provided loans and various banking services for the settlements of Ariel, Alfei Menashe, Beit El, Beitar Ilit, Har Hevron, Kdumim (Kedumim), Ma’ale Efraim and Karnei Shomron in the occupied West Bank.
Kdumim
The bank operates accounts for the Kdumim settlement in the occupied West Bank. On February 5, 2025, the Kdumim Local Council approved authorized signatories for the council's bank accounts at the International Bank and Otsar Ha-Hayal.
Ariel
As of April 2026, the bank has 4 active pledge agreements with the Ariel Municipality in the occupied West Bank.
In November 2025, the bank signed a pledge agreement with the Ariel Municipality for a period of one year (ends 2026). The bank holds as collateral the council’s rights to all the council’s current and future revenues and rights that originate from the municipality's own revenues, as well as income and rights arising from the mortgaged assets or related to them.
In July 2022, the bank signed a pledge agreement with the Ariel Municipality for a period of 99 years (ends 2121). The bank holds as collateral the council’s current and future revenue of funds originating from water and sewage.
In January 2020, the bank signed a pledge agreement with the Ariel Municipality for a period of 81 years (ends 2101). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget.
In December 2016, the bank signed a pledge agreement with the Ariel Municipality for a period of 99 years (ends 2115). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
Karnei Shomron
As of April 2026, the bank has 5 active pledge agreements with the Karnei Shomron Local Council in the occupied West Bank.
In January 2020, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 5 years (ends 2025). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
In January 2018, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2117). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
In November 2017, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2116). The bank holds as collateral the council’s current and future revenue income and rights that come from all the properties located in its jurisdiction excluding funds originating from the state budget and revenues from water and sewage.
In January 2012, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2111). The bank holds as collateral the council’s current and future revenue income and rights that come from all the properties located in its jurisdiction excluding funds originating from the state budget and revenues from water and sewage.
Har Hevron
The Har Hevron Regional Council provides services to 20 settlements in the South Hebron Hills area in the occupied West Bank.
On 6 December 2022, the Har Hevron Regional Council general assembly approved a NIS 1 million credit loan from the First International Bank for 2023 according to the bank's requirements, including pledging the council's income as collateral. In 2022, the council received a NIS 1 million credit loan from the bank.
As of April 2026, the bank has 2 active pledge agreements with the Har Hevron Regional Council in the occupied West Bank.
In July 2011, the bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2110). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
In August 2005, the bank signed a pledge agreement with the Har Hevron Regional Council for a period of 25 years (ends 2130) for which the bank holds as collateral the council’s current and future revenue as collateral.
Beitar Ilit
As of April 2026, the bank has 2 active pledge agreements with the Beitar Ilit Municipality in the occupied West Bank.
In March 2006, the bank signed a pledge agreement with the Beitar Ilit Municipality for a period of 99 years (ends 2105). The bank holds as collateral the council’s rights according to an agreement with Bank Clearing Center Ltd., including the right to receive funds accordingly. Bank Clearing Center Ltd. (Masav) is a banking corporation owned by the Hapoalim, Leumi, Discount Bank, and Mizrahi Tefahot banks, and provides services to all banks and their customers.
In September 2005, the bank signed a pledge agreement with the Beitar Ilit Municipality for a period of 99 years (ends 2104) for which the bank holds as collateral the council’s current and future revenue.
Alfei Menashe
As of April 2026, the bank has 1 active pledge agreement with the Alfei Menashe Local Council in the occupied West Bank.
In July 2014, the bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2113). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
Ma’ale Efraim
As of April 2026, the bank has 1 active pledge agreement with the Ma’ale Efraim Local Council in the occupied West Bank.
In July 2002, the bank signed a pledge agreement with the Ma’ale Efraim Local Council for a period of 99 years (ends 2101). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget.
Beit El
As of April 2026, the bank has 1 active pledge agreement with the Beit El Local Council in the occupied West Bank.
In January 2012, the bank signed a pledge agreement with the Beit El Local Council for a period of 99 years (ends 2011). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
Branches in Settlements
The bank operates branches providing banking services in settlements in the occupied West Bank and East Jerusalem.
The bank operates branches in the settlement of Ariel, Beitar Ilit and Modi’in Ilit in the occupied West Bank, and branches in the Ramot settlement neighborhood in occupied East Jerusalem. The bank’s fully owned subsidiary, Massad Bank, operates a branch in the French Hill settlement neighborhood in occupied East Jerusalem.
Services to the Israeli Ministry of Defense
The bank provides banking services to the Ministry of Defense (IMOD) and operates branches in Israeli military bases.
In May 2023, the bank won a tender from the Ministry of Defense to provide credit and banking services to ministry employees for a period of 7 years starting in December 2023, with an option to extend for an additional 3 years. The contract includes providing loans and banking services to the ministry employees and rights to operate bank branches at military bases. In accordance with the IMOD tender, the bank provides special benefits to those eligible, including exemption from fees and a credit line with preferential terms and benefits in securities activities
In addition, the bank's fully owned banks, UBank and Bank Otsar Ha-Hayal (merged with the company in 2019), specialize in providing banking services specifically to employees and retirees of the defense system.
Financial Support for the Israeli Military
The bank provides financial donations to the military's 411th Battalion as part of the "Adopt a Soldier" project in which business companies "adopt" military combat units for a period of at least 3 years. Battalion 411 operates in the occupied West Bank and in Gaza. Since October 2023, it has participated in thousands of shellings of Gaza. The bank takes part in the unit's events and its donations are intended for the unit's soldiers, including clothing and equipment.
In 2025, the bank provided 30 apartments for soldiers as part of the Association for Israel’s Soldiers housing project.
In addition, the bank takes part in a scholarship program to finance academic courses for soldiers and military veterans, and a project to integrate young people with special needs into service in the Israeli military.
In 2025, the bank sponsored the annual conference of the MAMARAM Unit, the military's central computing system unit.
Financing Weapon Manufacturing Projects
In January 2020, the bank granted Israeli company Bardarian Brothers a loan pursuant to a contract between the company and state-owned weapon manufacturer, Rafael Advanced Defense Systems. The bank holds as collateral all the company's rights and rights to its revenues arising from the contract.
An Israeli commercial bank that provides a variety of banking services, including through its bank brands "Otsar Ha-Hayal", "PAGI" and "Ubank". The bank controls "Bank Massad".
The First International Bank of Israel provides financial foundation and services for settlement activities and settlement expansion, and benefits from financial activity in illegal Israeli settlements in the occupied Palestinian territory.
Financing Construction and Infrastructure Projects in Illegal Settlements
The First International Bank provides financial infrastructure and mortgages to various construction companies for the purpose of building real estate projects in settlements in occupied East Jerusalem and holds the companies’ rights to the lands and projects as collateral.
Pisgat Ze'ev
In September 2025, the bank granted Israeli construction company Sarfati Shimon a loan for a construction project known as the "Pisgat Ze'ev Project", which includes the construction of 4 residential towers with 286 housing units and an employment building with commerce and public areas in the Pisgat Ze'ev settlement neighborhood in occupied East Jerusalem. The project is part of City Plan No. 101-0464859. The bank holds as collateral a first-degree permanent lien on all of the company's rights to receive all funds or receipts that are held in a trust account at Bank Leumi.
Givat HaMatos
Between 2021 and 2026, the bank provided the Israeli construction company Ram Aderet-Salit with mortgage loans for a residential construction project in the settlement neighborhood of Givat HaMatos in occupied East Jerusalem.
In April 2021, the bank granted Ram Aderet two loans for a construction project of 130 housing units on 7.65 dunams (7,650 square meters) of land in the settlement neighborhood of Givat HaMatos in occupied East Jerusalem. The project is part of Plan No. מק/14295 for construction and development on an area of 369,393 dunams in Givat HaMatos, which explicitly includes the consolidation and division of lands without the consent of their owners. The bank holds as collateral a first-degree lien on all of the company's rights to receive all income and rights related to the real estate, including construction rights. In February, July, and December 2024, the bank granted the company additional loans, for which the bank holds as collateral first-degree liens on all of the company's rights in the project and the land, including all the company’s rights under agreements with purchasers in the project and all income, rights and franchises arising from or related to the mortgaged assets in the project. In January 2026, the bank granted the company a loan for which the bank holds as collateral a first-degree lien on all of the company’s rights under agreements with purchasers in the project and all income, rights and franchises arising from or related to the mortgaged assets in the project.
Atarot Industrial Zone
In November 2021, the bank granted Israeli construction company Bardarian Brothers a loan for which the bank holds as collateral all of the company’s rights and income pursuant to a bus parking construction project in the Atarot Industrial Zone in occupied East Jerusalem. The project, part of the company's agreement with the Moriah Jerusalem Development Corporation according to Tender 98/2020, serves as a parking lot and bus terminal for over 300 buses. The Bank holds as collateral all of the company's rights to all income, rights and franchises related to the project.
Ariel
In January 2019, the bank provided Ram Aderet-Salit a mortgage for a construction project of 300 housing units in two complexes with a total area of about 30,000 m2 in the settlement of Ariel in the occupied West Bank.
Transportation Infrastructure Projects in Occupied East Jerusalem
The Jerusalem Light Rail
In 2020, the bank was part of a consortium led by Hapoalim Bank to finance the expansion of the Red Line and the establishment of the Green Line as part of the Jerusalem Light Rail’s (JLR) J-Net Project. The consortium awarded the Light Rail’s operators CAF and Shapir Engineering and Industry NIS 3.5 billion. The Jerusalem Light Rail (JLR) network is a large-scale Israeli transport infrastructure project connecting large settlement blocks in occupied East Jerusalem to the center of the city and its western side, creating territorial continuity and easing settler movement on both sides of the Green Line. For more on the J-Net Project see Who Profits report Developments in the Expansion of the JLR Network: The J-Net Project.
Road 50
The bank financed Shapir Engineering and Industry’s project for the expansion of Road 50, connecting the Atarot and Gilo settlement neighborhoods in occupied East Jerusalem. The bank also accompanied a paving and development project near Wadi al-Joz in occupied East Jerusalem. For more information see Who Profits’ report Paving the Way: The Role of Israeli Banks in Road Construction in the Occupied Palestinian Territory.
Financing Settlements-Based Construction Companies
In August 2022, Bank Otsar Ha-Hayal, a bank brand of the First International Bank, granted settlement-based Israeli construction company Hemdat Shomron a loan for which the bank holds as collateral a permanent lien on all of the company's rights to receive funds from the bank in respect of deposits.
In June 1998, the bank granted settlement-based Israeli construction company Bar Amana Buildings Construction & Development a loan of NIS 20,350,000, which is still active. Bar Amana Buildings Construction & Development Co. Ltd. is a construction and development company owned by the settlement movement Amana (Amana from the settlement movement of the Central Cooperative Association Gush Emunim). Amana is considered the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied Palestinian territory. The company is based in the Ma'alot Dafna settlement neighborhood in occupied East Jerusalem.
Banking Services to Settlement Local and Regional Councils
The First International Bank of Israel provides loans, credit and banking services to settlements regional and local councils in the occupied West Bank. These loans can be used to develop infrastructure, build public facilities and provide municipal services to the residents of the settlement.
The bank has provided loans and various banking services for the settlements of Ariel, Alfei Menashe, Beit El, Beitar Ilit, Har Hevron, Kdumim (Kedumim), Ma’ale Efraim and Karnei Shomron in the occupied West Bank.
Kdumim
The bank operates accounts for the Kdumim settlement in the occupied West Bank. On February 5, 2025, the Kdumim Local Council approved authorized signatories for the council's bank accounts at the International Bank and Otsar Ha-Hayal.
Ariel
As of April 2026, the bank has 4 active pledge agreements with the Ariel Municipality in the occupied West Bank.
In November 2025, the bank signed a pledge agreement with the Ariel Municipality for a period of one year (ends 2026). The bank holds as collateral the council’s rights to all the council’s current and future revenues and rights that originate from the municipality's own revenues, as well as income and rights arising from the mortgaged assets or related to them.
In July 2022, the bank signed a pledge agreement with the Ariel Municipality for a period of 99 years (ends 2121). The bank holds as collateral the council’s current and future revenue of funds originating from water and sewage.
In January 2020, the bank signed a pledge agreement with the Ariel Municipality for a period of 81 years (ends 2101). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget.
In December 2016, the bank signed a pledge agreement with the Ariel Municipality for a period of 99 years (ends 2115). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
Karnei Shomron
As of April 2026, the bank has 5 active pledge agreements with the Karnei Shomron Local Council in the occupied West Bank.
In January 2020, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 5 years (ends 2025). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
In January 2018, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2117). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
In November 2017, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2116). The bank holds as collateral the council’s current and future revenue income and rights that come from all the properties located in its jurisdiction excluding funds originating from the state budget and revenues from water and sewage.
In January 2012, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2111). The bank holds as collateral the council’s current and future revenue income and rights that come from all the properties located in its jurisdiction excluding funds originating from the state budget and revenues from water and sewage.
Har Hevron
The Har Hevron Regional Council provides services to 20 settlements in the South Hebron Hills area in the occupied West Bank.
On 6 December 2022, the Har Hevron Regional Council general assembly approved a NIS 1 million credit loan from the First International Bank for 2023 according to the bank's requirements, including pledging the council's income as collateral. In 2022, the council received a NIS 1 million credit loan from the bank.
As of April 2026, the bank has 2 active pledge agreements with the Har Hevron Regional Council in the occupied West Bank.
In July 2011, the bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2110). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
In August 2005, the bank signed a pledge agreement with the Har Hevron Regional Council for a period of 25 years (ends 2130) for which the bank holds as collateral the council’s current and future revenue as collateral.
Beitar Ilit
As of April 2026, the bank has 2 active pledge agreements with the Beitar Ilit Municipality in the occupied West Bank.
In March 2006, the bank signed a pledge agreement with the Beitar Ilit Municipality for a period of 99 years (ends 2105). The bank holds as collateral the council’s rights according to an agreement with Bank Clearing Center Ltd., including the right to receive funds accordingly. Bank Clearing Center Ltd. (Masav) is a banking corporation owned by the Hapoalim, Leumi, Discount Bank, and Mizrahi Tefahot banks, and provides services to all banks and their customers.
In September 2005, the bank signed a pledge agreement with the Beitar Ilit Municipality for a period of 99 years (ends 2104) for which the bank holds as collateral the council’s current and future revenue.
Alfei Menashe
As of April 2026, the bank has 1 active pledge agreement with the Alfei Menashe Local Council in the occupied West Bank.
In July 2014, the bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2113). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
Ma’ale Efraim
As of April 2026, the bank has 1 active pledge agreement with the Ma’ale Efraim Local Council in the occupied West Bank.
In July 2002, the bank signed a pledge agreement with the Ma’ale Efraim Local Council for a period of 99 years (ends 2101). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget.
Beit El
As of April 2026, the bank has 1 active pledge agreement with the Beit El Local Council in the occupied West Bank.
In January 2012, the bank signed a pledge agreement with the Beit El Local Council for a period of 99 years (ends 2011). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
Branches in Settlements
The bank operates branches providing banking services in settlements in the occupied West Bank and East Jerusalem.
The bank operates branches in the settlement of Ariel, Beitar Ilit and Modi’in Ilit in the occupied West Bank, and branches in the Ramot settlement neighborhood in occupied East Jerusalem. The bank’s fully owned subsidiary, Massad Bank, operates a branch in the French Hill settlement neighborhood in occupied East Jerusalem.
Services to the Israeli Ministry of Defense
The bank provides banking services to the Ministry of Defense (IMOD) and operates branches in Israeli military bases.
In May 2023, the bank won a tender from the Ministry of Defense to provide credit and banking services to ministry employees for a period of 7 years starting in December 2023, with an option to extend for an additional 3 years. The contract includes providing loans and banking services to the ministry employees and rights to operate bank branches at military bases. In accordance with the IMOD tender, the bank provides special benefits to those eligible, including exemption from fees and a credit line with preferential terms and benefits in securities activities
In addition, the bank's fully owned banks, UBank and Bank Otsar Ha-Hayal (merged with the company in 2019), specialize in providing banking services specifically to employees and retirees of the defense system.
Financial Support for the Israeli Military
The bank provides financial donations to the military's 411th Battalion as part of the "Adopt a Soldier" project in which business companies "adopt" military combat units for a period of at least 3 years. Battalion 411 operates in the occupied West Bank and in Gaza. Since October 2023, it has participated in thousands of shellings of Gaza. The bank takes part in the unit's events and its donations are intended for the unit's soldiers, including clothing and equipment.
In 2025, the bank provided 30 apartments for soldiers as part of the Association for Israel’s Soldiers housing project.
In addition, the bank takes part in a scholarship program to finance academic courses for soldiers and military veterans, and a project to integrate young people with special needs into service in the Israeli military.
In 2025, the bank sponsored the annual conference of the MAMARAM Unit, the military's central computing system unit.
Financing Weapon Manufacturing Projects
In January 2020, the bank granted Israeli company Bardarian Brothers a loan pursuant to a contract between the company and state-owned weapon manufacturer, Rafael Advanced Defense Systems. The bank holds as collateral all the company's rights and rights to its revenues arising from the contract.
Related Publications
First International Bank of Israel
הבנק הבינלאומי הראשון לישראל בע"מ
Head office: Rothschild Blvd 42, Tel Aviv-Jaffa, 6688310 Israel.
Tel.: +972-3-5196223
An Israeli commercial bank that provides a variety of banking services, including through its bank brands "Otsar Ha-Hayal", "PAGI" and "Ubank". The bank controls "Bank Massad".
The First International Bank of Israel provides financial foundation and services for settlement activities and settlement expansion, and benefits from financial activity in illegal Israeli settlements in the occupied Palestinian territory.
Financing Construction and Infrastructure Projects in Illegal Settlements
The First International Bank provides financial infrastructure and mortgages to various construction companies for the purpose of building real estate projects in settlements in occupied East Jerusalem and holds the companies’ rights to the lands and projects as collateral.
Pisgat Ze'ev
In September 2025, the bank granted Israeli construction company Sarfati Shimon a loan for a construction project known as the "Pisgat Ze'ev Project", which includes the construction of 4 residential towers with 286 housing units and an employment building with commerce and public areas in the Pisgat Ze'ev settlement neighborhood in occupied East Jerusalem. The project is part of City Plan No. 101-0464859. The bank holds as collateral a first-degree permanent lien on all of the company's rights to receive all funds or receipts that are held in a trust account at Bank Leumi.
Givat HaMatos
Between 2021 and 2026, the bank provided the Israeli construction company Ram Aderet-Salit with mortgage loans for a residential construction project in the settlement neighborhood of Givat HaMatos in occupied East Jerusalem.
In April 2021, the bank granted Ram Aderet two loans for a construction project of 130 housing units on 7.65 dunams (7,650 square meters) of land in the settlement neighborhood of Givat HaMatos in occupied East Jerusalem. The project is part of Plan No. מק/14295 for construction and development on an area of 369,393 dunams in Givat HaMatos, which explicitly includes the consolidation and division of lands without the consent of their owners. The bank holds as collateral a first-degree lien on all of the company's rights to receive all income and rights related to the real estate, including construction rights. In February, July, and December 2024, the bank granted the company additional loans, for which the bank holds as collateral first-degree liens on all of the company's rights in the project and the land, including all the company’s rights under agreements with purchasers in the project and all income, rights and franchises arising from or related to the mortgaged assets in the project. In January 2026, the bank granted the company a loan for which the bank holds as collateral a first-degree lien on all of the company’s rights under agreements with purchasers in the project and all income, rights and franchises arising from or related to the mortgaged assets in the project.
Atarot Industrial Zone
In November 2021, the bank granted Israeli construction company Bardarian Brothers a loan for which the bank holds as collateral all of the company’s rights and income pursuant to a bus parking construction project in the Atarot Industrial Zone in occupied East Jerusalem. The project, part of the company's agreement with the Moriah Jerusalem Development Corporation according to Tender 98/2020, serves as a parking lot and bus terminal for over 300 buses. The Bank holds as collateral all of the company's rights to all income, rights and franchises related to the project.
Ariel
In January 2019, the bank provided Ram Aderet-Salit a mortgage for a construction project of 300 housing units in two complexes with a total area of about 30,000 m2 in the settlement of Ariel in the occupied West Bank.
Transportation Infrastructure Projects in Occupied East Jerusalem
The Jerusalem Light Rail
In 2020, the bank was part of a consortium led by Hapoalim Bank to finance the expansion of the Red Line and the establishment of the Green Line as part of the Jerusalem Light Rail’s (JLR) J-Net Project. The consortium awarded the Light Rail’s operators CAF and Shapir Engineering and Industry NIS 3.5 billion. The Jerusalem Light Rail (JLR) network is a large-scale Israeli transport infrastructure project connecting large settlement blocks in occupied East Jerusalem to the center of the city and its western side, creating territorial continuity and easing settler movement on both sides of the Green Line. For more on the J-Net Project see Who Profits report Developments in the Expansion of the JLR Network: The J-Net Project.
Road 50
The bank financed Shapir Engineering and Industry’s project for the expansion of Road 50, connecting the Atarot and Gilo settlement neighborhoods in occupied East Jerusalem. The bank also accompanied a paving and development project near Wadi al-Joz in occupied East Jerusalem. For more information see Who Profits’ report Paving the Way: The Role of Israeli Banks in Road Construction in the Occupied Palestinian Territory.
Financing Settlements-Based Construction Companies
In August 2022, Bank Otsar Ha-Hayal, a bank brand of the First International Bank, granted settlement-based Israeli construction company Hemdat Shomron a loan for which the bank holds as collateral a permanent lien on all of the company's rights to receive funds from the bank in respect of deposits.
In June 1998, the bank granted settlement-based Israeli construction company Bar Amana Buildings Construction & Development a loan of NIS 20,350,000, which is still active. Bar Amana Buildings Construction & Development Co. Ltd. is a construction and development company owned by the settlement movement Amana (Amana from the settlement movement of the Central Cooperative Association Gush Emunim). Amana is considered the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied Palestinian territory. The company is based in the Ma'alot Dafna settlement neighborhood in occupied East Jerusalem.
Banking Services to Settlement Local and Regional Councils
The First International Bank of Israel provides loans, credit and banking services to settlements regional and local councils in the occupied West Bank. These loans can be used to develop infrastructure, build public facilities and provide municipal services to the residents of the settlement.
The bank has provided loans and various banking services for the settlements of Ariel, Alfei Menashe, Beit El, Beitar Ilit, Har Hevron, Kdumim (Kedumim), Ma’ale Efraim and Karnei Shomron in the occupied West Bank.
Kdumim
The bank operates accounts for the Kdumim settlement in the occupied West Bank. On February 5, 2025, the Kdumim Local Council approved authorized signatories for the council's bank accounts at the International Bank and Otsar Ha-Hayal.
Ariel
As of April 2026, the bank has 4 active pledge agreements with the Ariel Municipality in the occupied West Bank.
In November 2025, the bank signed a pledge agreement with the Ariel Municipality for a period of one year (ends 2026). The bank holds as collateral the council’s rights to all the council’s current and future revenues and rights that originate from the municipality's own revenues, as well as income and rights arising from the mortgaged assets or related to them.
In July 2022, the bank signed a pledge agreement with the Ariel Municipality for a period of 99 years (ends 2121). The bank holds as collateral the council’s current and future revenue of funds originating from water and sewage.
In January 2020, the bank signed a pledge agreement with the Ariel Municipality for a period of 81 years (ends 2101). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget.
In December 2016, the bank signed a pledge agreement with the Ariel Municipality for a period of 99 years (ends 2115). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
Karnei Shomron
As of April 2026, the bank has 5 active pledge agreements with the Karnei Shomron Local Council in the occupied West Bank.
In January 2020, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 5 years (ends 2025). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
In January 2018, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2117). The bank holds as collateral the council’s current and future revenue, excluding funds originating from the state budget and revenues from water and sewage.
In November 2017, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2116). The bank holds as collateral the council’s current and future revenue income and rights that come from all the properties located in its jurisdiction excluding funds originating from the state budget and revenues from water and sewage.
In January 2012, the bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2111). The bank holds as collateral the council’s current and future revenue income and rights that come from all the properties located in its jurisdiction excluding funds originating from the state budget and revenues from water and sewage.
Har Hevron
The Har Hevron Regional Council provides services to 20 settlements in the South Hebron Hills area in the occupied West Bank.
On 6 December 2022, the Har Hevron Regional Council general assembly approved a NIS 1 million credit loan from the First International Bank for 2023 according to the bank's requirements, including pledging the council's income as collateral. In 2022, the council received a NIS 1 million credit loan from the bank.
As of April 2026, the bank has 2 active pledge agreements with the Har Hevron Regional Council in the occupied West Bank.
In July 2011, the bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2110). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
In August 2005, the bank signed a pledge agreement with the Har Hevron Regional Council for a period of 25 years (ends 2130) for which the bank holds as collateral the council’s current and future revenue as collateral.
Beitar Ilit
As of April 2026, the bank has 2 active pledge agreements with the Beitar Ilit Municipality in the occupied West Bank.
In March 2006, the bank signed a pledge agreement with the Beitar Ilit Municipality for a period of 99 years (ends 2105). The bank holds as collateral the council’s rights according to an agreement with Bank Clearing Center Ltd., including the right to receive funds accordingly. Bank Clearing Center Ltd. (Masav) is a banking corporation owned by the Hapoalim, Leumi, Discount Bank, and Mizrahi Tefahot banks, and provides services to all banks and their customers.
In September 2005, the bank signed a pledge agreement with the Beitar Ilit Municipality for a period of 99 years (ends 2104) for which the bank holds as collateral the council’s current and future revenue.
Alfei Menashe
As of April 2026, the bank has 1 active pledge agreement with the Alfei Menashe Local Council in the occupied West Bank.
In July 2014, the bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2113). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
Ma’ale Efraim
As of April 2026, the bank has 1 active pledge agreement with the Ma’ale Efraim Local Council in the occupied West Bank.
In July 2002, the bank signed a pledge agreement with the Ma’ale Efraim Local Council for a period of 99 years (ends 2101). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget.
Beit El
As of April 2026, the bank has 1 active pledge agreement with the Beit El Local Council in the occupied West Bank.
In January 2012, the bank signed a pledge agreement with the Beit El Local Council for a period of 99 years (ends 2011). The bank holds as collateral the council’s current and future revenue excluding funds originating from the state budget and revenues from water and sewage.
Branches in Settlements
The bank operates branches providing banking services in settlements in the occupied West Bank and East Jerusalem.
The bank operates branches in the settlement of Ariel, Beitar Ilit and Modi’in Ilit in the occupied West Bank, and branches in the Ramot settlement neighborhood in occupied East Jerusalem. The bank’s fully owned subsidiary, Massad Bank, operates a branch in the French Hill settlement neighborhood in occupied East Jerusalem.
Services to the Israeli Ministry of Defense
The bank provides banking services to the Ministry of Defense (IMOD) and operates branches in Israeli military bases.
In May 2023, the bank won a tender from the Ministry of Defense to provide credit and banking services to ministry employees for a period of 7 years starting in December 2023, with an option to extend for an additional 3 years. The contract includes providing loans and banking services to the ministry employees and rights to operate bank branches at military bases. In accordance with the IMOD tender, the bank provides special benefits to those eligible, including exemption from fees and a credit line with preferential terms and benefits in securities activities
In addition, the bank's fully owned banks, UBank and Bank Otsar Ha-Hayal (merged with the company in 2019), specialize in providing banking services specifically to employees and retirees of the defense system.
Financial Support for the Israeli Military
The bank provides financial donations to the military's 411th Battalion as part of the "Adopt a Soldier" project in which business companies "adopt" military combat units for a period of at least 3 years. Battalion 411 operates in the occupied West Bank and in Gaza. Since October 2023, it has participated in thousands of shellings of Gaza. The bank takes part in the unit's events and its donations are intended for the unit's soldiers, including clothing and equipment.
In 2025, the bank provided 30 apartments for soldiers as part of the Association for Israel’s Soldiers housing project.
In addition, the bank takes part in a scholarship program to finance academic courses for soldiers and military veterans, and a project to integrate young people with special needs into service in the Israeli military.
In 2025, the bank sponsored the annual conference of the MAMARAM Unit, the military's central computing system unit.
Financing Weapon Manufacturing Projects
In January 2020, the bank granted Israeli company Bardarian Brothers a loan pursuant to a contract between the company and state-owned weapon manufacturer, Rafael Advanced Defense Systems. The bank holds as collateral all the company's rights and rights to its revenues arising from the contract.
Ownership
Public: The company is publicly traded on the Tel Aviv Stock Exchange under the ticker symbol: FIBI
The bank is controlled by F.I.B.I. Holdings Ltd. (TASE: FIBIH) (48.35%).
CEO: Eliyahu Cohen
Chair of the Board of Directors: Ron Levkovich
Subsidiaries
Bank Massad Ltd. (100%), Portrav Investment Company Ltd. (100%), Mataf Financial IT & Operations Ltd. (100%), Stocopin (Israel) Ltd. (100%), Ubank Trust Company Ltd. (100%), Habeinleumi Unique Investment Management Ltd. (100%), First International Issues Ltd. (100%), Israel Credit Cards Ltd. (21%)
Partners
* This section refers to the company's general business partners
Company Response
Settlements
Alfei Menashe | Ariel | Beit El | Beitar Illit | French Hill | Gilo | Givat Ha-Matos | Har Hevron | Karnei Shomron | Kdumim | Ma'ale Efraim | Modi'in Illit | Pisgat Ze'ev | Ramot