Connect with us

Technology

First International Bank of Israel Reports Financial Results for the Third Quarter of 2024

Published

3 hours ago

on

Reflects continued growth and high profitability while maintaining financial stability

TEL AVIV, Israel, Nov. 25, 2024 /PRNewswire/ — First International Bank of Israel (TASE: FIBI) one of Israel’s major banking groups, today announced its results for the third quarter and nine-month period ended September 30, 2024.

Financial Highlights

Financial Highlights for the Third Quarter of 2024

Net income of NIS 620 million and a return on equity of 19.4% in the third quarter of 2024;Net income of NIS 1,798 million and a return on equity of 19.4% for the first nine months of the year;Credit to the public grew by 6% compared to the end of 2023 and by 3.5% compared to the second quarter of the year;Deposits by the public grew by 11.4% compared to the end of 2023, and by 4.3% compared to the second quarter of the year;The portfolio of customers’ assets grew by 19% compared to the end of 2023, and reached NIS 800 billion;Equity attributed to the Bank’s shareholders was NIS 13 billion, an increase of 8.2% compared to the end of 2023;The tier 1 capital ratio was 11.41%;The Bank’s Board of Directors decided to distribute a dividend in the amount of NIS 248 million, representing 40% of the net income.

Financial Results of the Third Quarter 2024

Net profit for the First International Bank Group was NIS 620 million in the third quarter of 2024, an increase of 36.3 % compared to the comparative quarter in the previous year. Return on equity was 19.4%.

The net profit for the first nine months of the year was NIS 1,798 million, an increase of 7.5% compared to the comparative period in the previous year. The return on equity was 19.4%.

Expense for credit losses was NIS 22 million in the third quarter, amounting to 0.07% of the average balance of credit to the public. Income for credit losses amounted to NIS 51 million in the first nine months of the year, primarily from debt recovery. In the corresponding period of last year, expenses of NIS 336 million were recorded which was due to an increase in collective provisions because of concerns over macroeconomic impacts, amid uncertainty.

High-quality credit portfolio: the NPL (non-performing loan) ratio remained stable and reached 0.57% at the end of the third quarter. This reflects the quality of the credit portfolio, (the balance of debts not accruing or overdue by 90 days or more out of the total credit to the public). The total coverage ratio (the ratio of the total credit loss provisions to the total credit to the public) stood at 1.41%, compared to 1.37% in the comparative period last year.

The operating and other expenses were NIS 2,240 million in the first nine months of the year, an increase of 2% compared to the comparative period in the previous year, mainly due to an increase in other expenses: IT-related, donations, telecommunications and advertising. The efficiency ratio stood at 44.5%.

Credit to the public amounted to NIS 126.4 billion, an increase of 6% compared to the end of 2023. There was an increase in the credit of 3.5% in the third quarter, compared to the second quarter of the year.

Deposits by the public amounted to NIS 213 billion, an increase of 11.4% compared to the end of 2023, and 4.3% compared to the second quarter.

The total customers’ assets portfolio increased by 26% year-over-year and by 19% compared to the end of 2023, to approximately 800 billion.

Equity attributed to shareholders in the Bank increased to NIS 13 billion, an increase of 8.2% compared to the end of 2023. The tier 1 capital ratio reached 11.41%, approximately -2.2% above the regulatory requirement, reflecting the highest capital surplus in the Israeli banking system. The liquidity coverage ratio is high and stands at 171%.

Considering the requests of the Banking Supervisor regarding capital planning and profits distribution policies, the Bank’s Board of Directors decided to approve the distribution of a cash dividend to the shareholders for NIS 248 million representing 40% of the net income. The Bank’s Board of Directors will continue to review the implementation of the Bank’s dividend distribution policy in light of ongoing developments and their impact on the Israeli economy and on the Bank.

Management Comment

Eli Cohen, CEO of First International Bank, commented: ,”The Bank’s reports reflect a growth trend both on the passive side, including deposits and securities of the public, which reached a record NIS 800 billion, and also on the active side, with a considerable increase in the credit portfolio, which has been achieved while maintaining the quality of the underwriting and portfolio diversification.

“Amid economic uncertainty and the ongoing multi-front war in Israel, the First International Bank maintained high capital and liquidity cushions, ensuring resilience and our ability to continue supporting our customers. The Bank is continuing to provide benefits and relief measures for customers to help them navigate the current challenging period.

“I am proud to say that the First International Bank’s customers are the most satisfied among bank customers in Israel, reporting high satisfaction with the Bank, the professionalism of its services and their willingness to recommend the bank to their friends. This is evidenced via customer surveys, including the recent Marketest survey. This reflects the high quality service and competitiveness of the First International Bank, as well as the professionalism and the dedication of our Group’s employees, all of whom have contributed to the achievement.

“We recently announced a number of management changes at the Bank: Vered Golan was appointed to the position of Head of the Corporate Division, Dr. Moriah Hoftman-Doron was appointed to the position of Chief Legal Counsel, and Liora Shechter was appointed CEO of Mataf. I wish considerable success to the new members of our management team.”

 

CONDENSED PRINCIPAL FINANCIAL INFORMATION AND PRINCIPAL EXECUTION INDICES

Principal financial ratios

For the nine months
ended September 30,

For the year ended
December 31,

2024

2023

2023

in %

Principal execution indices

Return on equity attributed to shareholders of the Bank(1)

19.4

20.5

19.7

Return on average assets(1)

1.05

1.10

1.06

Ratio of equity capital tier 1

11.41

10.84

11.35

Leverage ratio

5.17

5.30

5.26

Liquidity coverage ratio

171

142

156

Net stable funding ratio

142

138

146

Ratio of total income to average assets(1)

2.9

3.3

3.2

Ratio of interest income, net to average assets (1)

2.1

2.5

2.4

Ratio of fees to average assets (1)

0.7

0.7

0.7

Efficiency ratio

44.5

43.6

43.5

Credit quality indices

Ratio of provision for credit losses to credit to the public

1.29

1.25

1.36

Ratio of total provision for credit losses (2) to credit to the public

1.41

1.37

1.50

Ratio of non-accruing debts or in arrears of 90 days or more to credit to the public

0.57

0.49

0.60

Ratio of provision for credit losses to total non-accruing credit to the public

230.5

263.8

234.5

Ratio of net write-offs to average total credit to the public (1)

(0.06)

–

0.03

Ratio of expenses (income) for credit losses to average total credit to the public (1)

(0.06)

0.38

0.42

Principal data from the statement of income

For the nine months
ended September 30,

2024

2023

NIS million

Net profit attributed to shareholders of the Bank

1,798

1,673

Interest Income, net

3,601

3,820

Expenses (income) from credit losses

(51)

336

Total non-Interest income

1,436

1,216

   Of which:      Fees

1,123

1,131

Total operating and other expenses

2,240

2,197

   Of which:      Salaries and related expenses

1,302

1,353

Primary net profit per share of NIS 0.05 par value (NIS)

17.92

16.67

Principal data from the balance sheet

30.9.24

30.9.23

31.12.23

NIS million

Total assets

242,512

210,673

221,593

of which:    Cash and deposits with banks

81,440

61,659

68,866

                Securities

28,860

22,043

26,985

                Credit to the public, net

124,749

118,577

117,622

Total liabilities

228,823

198,542

208,947

of which:    Deposits from the public

212,907

181,274

191,125

                Deposits from banks

2,631

3,824

4,314

                Bonds and subordinated capital notes

4,474

4,751

4,767

Capital attributed to the shareholders of the Bank

13,066

11,583

12,071

Additional data

30.9.24

30.9.23

31.12.23

Share price (0.01 NIS)

15,410

16,360

14,990

Dividend per share (0.01 NIS)

739

706

795

(1)    Annualized.

(2)    Including provision in respect of off-balance sheet credit instruments.

 

CONSOLIDATED STATEMENT OF INCOME

(NIS million)

For the three months
ended September 30

For the nine months
ended September 30

For the year Ended
December 31

2024

2023

2024

2023

2023

(unaudited)

(unaudited)

(unaudited)

(unaudited)

(audited)

Interest Income

2,955

2,590

8,410

7,289

9,850

Interest Expenses

1,690

1,363

4,809

3,469

4,884

Interest Income, net

1,265

1,227

3,601

3,820

4,966

Expenses (income) from credit losses

22

165

(51)

336

502

Net Interest Income after expenses from credit losses

1,243

1,062

3,652

3,484

4,464

Non- Interest Income

Non-Interest Financing income

153

(1)

300

78

142

Fees

396

375

1,123

1,131

1,502

Other income

3

–

13

7

8

Total non- Interest income

552

374

1,436

1,216

1,652

Operating and other expenses

Salaries and related expenses

430

438

1,302

1,353

1,746

Maintenance and depreciation of premises and equipment

91

89

264

256

341

Amortizations and impairment of intangible assets

36

31

99

91

122

Other expenses

220

175

575

497

668

Total operating and other expenses

777

733

2,240

2,197

2,877

Profit before taxes

1,018

703

2,848

2,503

3,239

Provision for taxes on profit

390

247

1,033

869

1,090

Profit after taxes

628

456

1,815

1,634

2,149

The bank’s share in profit of equity-basis investee, after taxes

22

21

62

105

113

Net profit:

Before attribution to non‑controlling interests

650

477

1,877

1,739

2,262

Attributed to non‑controlling interests

(30)

(22)

(79)

(66)

(90)

Attributed to shareholders of the Bank

620

455

1,798

1,673

2,172

NIS

Primary profit per share attributed to the shareholders of the Bank

Net profit per share of NIS 0.05 par value

6.18

4.53

17.92

16.67

21.65

 

STATEMENT OF COMPREHENSIVE INCOME

(NIS million)

For the three months
ended September 30

For the nine months
ended September 30

For the year Ended
December 31

2024

2023

2024

2023

2023

(unaudited)

(unaudited)

(unaudited)

(unaudited)

(audited)

Net profit before attribution to non‑controlling interests

650

477

1,877

1,739

2,262

Net profit attributed to non‑controlling interests

(30)

(22)

(79)

(66)

(90)

Net profit attributed to the shareholders of the Bank

620

455

1,798

1,673

2,172

Other comprehensive income (loss) before taxes:

Adjustments of available for sale bonds to fair value, net

129

52

(115)

78

213

Adjustments of liabilities in respect of employee benefits(1)

(2)

34

10

37

25

Other comprehensive income (loss) before taxes

127

86

(105)

115

238

Related tax effect

(49)

(29)

41

(40)

(81)

Other comprehensive income (loss) before attribution to non‑controlling interests, after taxes

78

57

(64)

75

157

Less other comprehensive income (loss) attributed to non‑controlling interests

3

1

(2)

6

9

Other comprehensive income (loss) attributed to the shareholders of the Bank, after taxes

75

56

(62)

69

148

Comprehensive income before attribution to non‑controlling interests

728

534

1,813

1,814

2,419

Comprehensive income attributed to non‑controlling interests

(33)

(23)

(77)

(72)

(99)

Comprehensive income attributed to the shareholders of the Bank

695

511

1,736

1,742

2,320

(1)   Mostly reflects adjustments in respect of actuarial assessments as of the end of the period regarding defined benefits pension plans and deduction of amounts recorded in the past in other comprehensive income.

 

CONSOLIDATED BALANCE SHEET

(NIS million)

September 30,

December 31,

2024

2023

2023

(unaudited)

(unaudited)

(audited)

Assets

Cash and deposits with banks

81,440

61,659

68,866

Securities

28,860

22,043

26,985

Securities borrowed

147

155

57

Credit to the public

126,374

120,073

119,240

Provision for Credit losses

(1,625)

(1,496)

(1,618)

Credit to the public, net

124,749

118,577

117,622

Credit to the government

1,611

1,015

1,055

Investment in investee company

854

776

786

Buildings and equipment

852

871

877

Intangible assets

350

305

328

Assets in respect of derivative instruments

2,308

3,940

3,651

Other assets(2)

1,341

1,332

1,366

Total assets

242,512

210,673

221,593

Liabilities and Capital

Deposits from the public

212,907

181,274

191,125

Deposits from banks

2,631

3,824

4,314

Deposits from the Government

689

665

750

Securities lent or sold under agreements to repurchase

1,542

–

–

Bonds and subordinated capital notes

4,474

4,751

4,767

Liabilities in respect of derivative instruments

2,086

3,496

3,784

Other liabilities(1)(3)

4,494

4,532

4,207

Total liabilities

228,823

198,542

208,947

Shareholders’ equity

13,066

11,583

12,071

Non-controlling interests

623

548

575

Total capital

13,689

12,131

12,646

Total liabilities and capital

242,512

210,673

221,593

(1)    Of which: provision for credit losses in respect of off-balance sheet credit instruments in the amount of NIS 160 million and NIS 150 million and NIS 165 million at 30.9.24, 30.9.23 and 31.12.23, respectively.

(2)    Of which: other assets measured at fair value in the amount of NIS 16 million and NIS 13 million and NIS 10 million at 30.9.24, 30.9.23 and 31.12.23, respectively.

(3)    Of which: other liabilities measured at fair value in the amount of NIS 48 million and NIS 26 million and NIS 11 million at 30.9.24, 30.9.23 and 31.12.23, respectively.

 

STATEMENT OF CHANGES IN EQUITY

(NIS million)

For the three months ended September 30, 2024 (unaudited)

Share
capital and
premium (1)

Accumulated
other
comprehensive
income (loss)

Retained
earnings (2)

Total
share-holders’
equity

Non-
controlling
interests

Total
capital

Balance as of June 30, 2024

927

(292)

11,980

12,615

590

13,205

Net profit for the period

–

–

620

620

30

650

Dividend

–

–

(244)

(244)

–

(244)

Other comprehensive income, after tax effect

–

75

–

75

3

78

Balance as at September 30, 2024

927

(217)

12,356

13,066

623

13,689

For the three months ended September 30, 2023 (unaudited)

Share
capital and
premium (1)

Accumulated
other
comprehensive
income (loss)

Retained
earnings (2)

Total
share-holders’
equity

Non-
controlling
interests

Total
capital

Balance as of June 30, 2023

927

(290)

10,655

11,292

525

11,817

Net profit for the period

–

–

455

455

22

477

Dividend

–

–

(220)

(220)

–

(220)

Other comprehensive income, after tax effect

–

56

–

56

1

57

Balance as at September 30, 2023

927

(234)

10,890

11,583

548

12,131

For the nine months ended September 30, 2024 (unaudited)

Share
capital and
premium (1)

Accumulated
other
comprehensive
loss

Retained
earnings (2)

Total
share-holders’
equity

Non-
controlling
interests

Total
capital

Balance as at December 31, 2023 (audited)

927

(155)

11,299

12,071

575

12,646

Net profit for the period

–

–

1,798

1,798

79

1,877

Dividend

–

–

(741)

(741)

(29)

(770)

Other comprehensive loss, after tax effect

–

(62)

–

(62)

(2)

(64)

Balance as at September 30, 2024

927

(217)

12,356

13,066

623

13,689

For the nine months ended September 30, 2023 (unaudited)

Share
capital and
premium (1)

Accumulated
other
comprehensive
income (loss)

Retained
earnings (2)

Total
share-holders’
equity

Non-
controlling
interests

Total
capital

Balance as at December 31, 2022 (audited)

927

(303)

9,935

10,559

476

11,035

Adjustment of the opening balance, net of tax, due to the effect of initial implementation in investee company*

–

–

(10)

(10)

–

(10)

Adjusted balance at January 1, 2023, following initial implementation

927

(303)

9,925

10,549

476

11,025

Net profit for the period

–

–

1,673

1,673

66

1,739

Dividend

–

–

(708)

(708)

–

(708)

Other comprehensive income, after tax effect

–

69

–

69

6

75

Balance as at September 30, 2023

927

(234)

10,890

11,583

548

12,131

STATEMENT OF CHANGES IN EQUITY (CONT’D)

(NIS million)

For the year ended December 31, 2023 (audited)

Share
capital and
premium(1)

Accumulated
other
comprehensive
income (loss)

Retained
earnings(2)

Total

Non-
controlling
interests

Total
capital

Balance as at December 31, 2022

927

(303)

9,935

10,559

476

11,035

Adjustment of the opening balance, net of tax, due to the effect of initial implementation in investee company *

–

–

(10)

(10)

–

(10)

Adjusted balance at January 1, 2023, following initial implementation

927

(303)

9,925

10,549

476

11,025

Net profit for the year

–

–

2,172

2,172

90

2,262

Dividend

–

–

(798)

(798)

–

(798)

Other comprehensive income, after tax effect

–

148

–

148

9

157

Balance as at December 31, 2023

927

(155)

11,299

12,071

575

12,646

*       Cumulative effect of the initial implementation of US accounting principles in the matter of financial instruments – credit losses (ASC-326).

(1)    Including share premium of NIS 313 million (as from 1992 onwards).

(2)    Including an amount of NIS 2,391 million which cannot be distributed as dividend.

 

Contact:
Dafna Zucker
First International Bank of Israel
Zucker.d@fibi.co.il
+972-3-519-6224

 

View original content:https://www.prnewswire.com/news-releases/first-international-bank-of-israel-reports-financial-results-for-the-third-quarter-of-2024-302315188.html

SOURCE First International Bank of Israel

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Universal Robots launches new service and repair center in India, elevating customer support

Published

54 minutes ago

on

November 25, 2024

By

BENGALURU, India, Nov. 25, 2024 /PRNewswire/ — Universal Robots, the Danish collaborative robot (cobot) company, has announced it will open a brand-new service and repair center exclusively for its India customers. Located in Unit No. 107, 1st Floor Brigade Senate 2, Hebbal – 560094, home to Universal Robots’ local headquarters, the center will officially open its doors on November 25.

This new facility is dedicatedly designed to address the rising demand for automation solutions across India. It aims to provide existing and new customers with faster response times and cost-effective service solutions, including refurbishments and repairs for the complete range of cobots in Universal Robots’ extensive portfolio.

“India is a vital market for UR, and we see tremendous potential for cobot automation in Indian manufacturing, particularly with the automation market projected to double by 2029,” states Anurag Thakur, VP of Services at Universal Robots. He adds, “Our new service, repair, and training center represents a strategic investment, underscoring our commitment to the Indian market. This center will enable us to offer faster, localized support, helping our customers reduce downtime and boost productivity to fully leverage their cobots.”

The center in Bengaluru is only one part of the refined UR Care Service Plans which offers customers a complete suite of services, including 24/7 priority access to support, advanced fleet management through digital support platforms, certified training programs and proactive maintenance to keep cobots running smoothly with minimal downtime.

“We see great opportunities for cobot automation in India as part of automation within a wide spectrum of industries, and for research and use in education. Availability of the latest technologies, safety compliance standards, ease of deployment and ease of use makes the UR portfolio a perfect fit for the market,” says Virupakshappa Hovale, Regional Director for South Asia at Universal Robots. He adds, “Our new service, repair, and training center and associated infrastructure positions UR uniquely to enhance customer satisfaction with focus on local value-add.”

See images from  the new service and repair center in Bengaluru, India, here.

Read more about UR Care here.

About Universal Robots

Universal Robots is a global leader in collaborative robotics (cobots), used across a wide range of industries. Our mission is simple: Automation for anyone. Anywhere. With over 90,000 cobots sold worldwide, our user-friendly platform is supported by intuitive PolyScope software, award-winning training, comprehensive services, and the world’s largest cobot ecosystem, delivering innovation and choice to our customers.

Universal Robots is part of Teradyne Robotics, a division of Teradyne (NASDAQ: TER), a leading supplier of automatic test equipment and advanced robotics technology.

For more information, please visit www.universal-robots.com.

Logo – https://mma.prnewswire.com/media/2514373/Universal_Robots_Logo.jpg

 

View original content:https://www.prnewswire.com/in/news-releases/universal-robots-launches-new-service-and-repair-center-in-india-elevating-customer-support-302314006.html

Continue Reading

Technology

Analytic Partners Recognised as a Leader in Inaugural Gartner® Magic Quadrant™ for Marketing Mix Modelling Solutions

Published

54 minutes ago

on

November 25, 2024

By

Analytic Partners Placed Highest for Ability to Execute and Furthest for Completeness of Vision

MIAMI, Nov. 25, 2024 /PRNewswire/ — Analytic Partners, the Commercial Intelligence company for insights-driven brands, today announced it has been recognised as a Leader in the inaugural Gartner® Magic Quadrant™ for Marketing Mix Modelling (MMM) Solutions. Analytic Partners is positioned highest in Ability to Execute and furthest in Completeness of Vision.

“We believe our position as a Leader underscores our dedication to our customers and our ongoing commitment to innovation,” said Nancy Smith, President and CEO of Analytic Partners. “We appreciate the extensive research Gartner has done in guiding our industry forward. This recognition, we feel, highlights the critical role Commercial Analytics plays in delivering forward-looking decision-making for lasting, meaningful growth.”  

Elevating Insights Beyond MMM and MTA

Analytic Partners’ longstanding commitment to deliver insights and solutions extends well beyond Multi-Touch Attribution (MTA) and MMM. Analytic Partners’ Commercial Analytics solution integrates all factors driving performance outcomes – including finance, supply chain and other enterprise functions. This holistic, company-wide approach provides a forward-looking decision-making framework that brands rely on to measure both short-term and long-term impact, ensuring sustained growth.

GPS Enterprise: A Powerful Platform for Enabling Growth

Powered by the GPS Enterprise platform, Commercial Analytics combines data science and technology to deliver actionable insights that enable brands to make proactive, forward-looking commercial decisions. This end-to-end platform, informed by ROI Genome intelligence, ensures streamlined data management, application of advanced analytics and multi-objective optimisations to help brands meet their growth goals.

Recognition Extends to Gartner Critical Capabilities Report for MMM Solutions

The recognition also extends beyond the Magic Quadrant™. In the accompanying Critical Capabilities report for MMM Solutions, Analytic Partners received the highest scores across all eight Use Cases, including:

Highest score in Complex Marketing AnalyticsHighest score in Business Scenario PlanningHighest score in Data ManagementHighest score in Media Optimisation

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high, and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables businesses to get the most from market analysis in alignment with their unique business and technology needs.

To read the full Magic Quadrant™ report, access a complimentary copy here.  

Gartner, Magic Quadrant for Marketing Mix Modelling Solutions, Matt Wakeman, David Walters, Joseph Enever, Weicong Zhao, 19 November 2024

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Analytic Partners  

Analytic Partners is the leader in Commercial Analytics, providing adaptive solutions for deeper business understanding, right-time planning and optimisation for marketing and beyond. We turn data into expertise so our customers can create powerful connections with their customers and achieve commercial success. For more information, visit analyticpartners.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/analytic-partners-recognised-as-a-leader-in-inaugural-gartner-magic-quadrant-for-marketing-mix-modelling-solutions-302315243.html

SOURCE Analytic Partners

Continue Reading

Technology

Travel Hacks to Unlock the Best Deals on Traveloka Black Friday

Published

54 minutes ago

on

November 25, 2024

By

Buy 1 Get 1 deals, and more during Traveloka Black Friday—stay tuned for more exciting campaigns this December and year-end!

SINGAPORE, Nov. 25, 2024 /PRNewswire/ — Traveloka, Southeast Asia’s leading travel platform, is thrilled to kick off its highly anticipated Black Friday campaign, running from November 25 to December 1.

Designed to meet the rising demand for festive season travel, the campaign features up to 30% discounts, Buy 1 Get 1 Free deals, and daily coupons worth up to 100 SGD, making holiday dreams more accessible than ever.

Make the most of Traveloka Black Friday with these simple tips:

Activate Price Alerts for the Best Deals

Traveloka’s Price Alerts tool tracks ticket and hotel price changes automatically, helping you grab the best deals without constant checking. To set it up, open the Traveloka app, navigate to the “Price Alerts” section, select your destination and dates, and input your preferred budget.

Choose Flexible Options

Traveloka offers flexibility with its Refundable filter, perfect for those who need adaptable plans, allowing easy cancellations. Enjoy features like easy reschedule, multiple payment methods, and other flexible options that ensure your holiday plans remain safe, comfortable, and stress-free.

Pick the Perfect Moment to Hunt for Deals

Timing is key! Here’s how to make the most of it:

Flash Hour Sale (November 25 to December 1): Twice daily, from 11:00 AM to 2:00 PM and 7:00 PM to 10:00 PM

Unlock Big Savings with Exclusive Coupon Codes on Traveloka Black Friday

Get ready to save like never before with Traveloka Black Friday! Use exclusive coupon codes to score unbeatable deals on flights, hotels, and more. Whether you’re planning a tropical escape to Bali, a cultural adventure in Vietnam or Bangkok, a vibrant city trip to Singapore or Hong Kong SAR, or even a getaway to Japan, Korea, Taiwan region, or Australia, the possibilities are endless. Enjoy discounts of up to SGD 100 on Singapore Airlines flights, this is your chance to explore the world without overspending.

Don’t wait—download the Traveloka app today, ensure it’s updated, and turn your dream holiday into reality! Visit the official Traveloka website or follow us on Instagram, Facebook, and X for more detailed information about Black Friday Sale.

About Traveloka

Traveloka is Southeast Asia’s leading travel platform, empowering consumers to explore, book, and enjoy a wide range of travel products. The platform offers extensive transportation options, including flights, buses, trains, car rentals, and airport transfers. Traveloka’s accommodation offerings are equally broad, encompassing hotels, apartments, guest houses, homestays, resorts, and villas. Additionally, the platform enhances the travel experience by offering cruise packages and access to various local attractions, such as theme parks, museums, day tours, and more.

Founded in Indonesia in 2012, Traveloka has expanded its operations to Thailand, Vietnam, Singapore, Malaysia, the Philippines, and Australia. The company is committed to providing exceptional customer service with 24/7 support available in local languages and acceptance of over 40 payment methods. With nearly 140 million app downloads and nearly 50 million monthly active users, Traveloka stands as one of the most popular travel apps in the region. For more information, please visit Traveloka.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/travel-hacks-to-unlock-the-best-deals-on-traveloka-black-friday-302315264.html

SOURCE Traveloka

Continue Reading

Trending