The First International Bank of Israel (FIBI) reported a third-quarter net profit of 167 million shekels on Thursday, compared with 55 million shekels during the third quarter of 2008.
The country's fifth-largest bank said income from financing operations before accounting for bad debts fell 2 percent to 536 million shekels. Bad debt declined 32.5 percent to 56 million shekels. Some of that income came from the sale of shares in the Bezeq and HOT communications companies.