(AFX UK Focus) 2010-03-23 08:02 Israel’s First International Bank posts Q4 profit

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(AFX UK Focus) 2010-03-23 08:02 Israel’s First International Bank posts Q4 profit
TEL AVIV, March 23 (Reuters) – First International Bank of Israel (FIBI), the country’s fifth-largest bank, swung to a quarterly net profit, boosted by lower bad debt provisions and higher financing income as the economy improved. FIBI reported on Tuesday a fourth-quarter net profit of 152 million shekels ($41 million), after an 80 million loss in the 2008 period. Income from financing …

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