First International Bank of Israel names Eli Cohen as the new CEO

The First International Bank of Israel (FIBI) announced on Sunday that Eli Cohen has been nominated by the board as the new Chief Executive of the bank.

Cohen, aged 49, is set to take over from Smadar Barber-Tsadik, who revealed in May her intention to step down after a 16-year tenure as CEO and two decades in various senior roles within the bank.

The net profit of First International Bank of Israel during the latest financial reporting presented by its CEO, Smadar Barber-Tsadik, amounted to NIS 587 million. This represents an impressive increase of 71% in comparison to the corresponding quarter of 2022. Notably, the bank’s return on equity for the quarter reached an annualized rate of 21.3%.

Cohen has been leading the bank’s risk management division since 2019. The talented leader brings two decades of experience with FIBI, Israel’s fifth-largest bank, to his new role.

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