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First International Bank of Israel Reports Financial Results for the Second Quarter of 2026

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TEL AVIV, Israel, Aug. 12, 2026 /PRNewswire/ — First International Bank of Israel (TASE: FIBI) one of Israel’s major banking groups, today announced its results for the Second quarter of 2026. Statements reflect accelerated growth and high profitability while maintaining financial strength.

Financial Highlights

Net income for Q2 2026: NIS 583 million.
Return on Equity: 16.0%
Return on Equity excluding the special tax levy: 17.8%

Net income for H1 2026: NIS 1,063 million
Return on Equity: 14.5%
Return on Equity excluding the special tax levy: 16.2% 

The Board of Directors approved a dividend distribution of approximately NIS 558 million, representing approximately 96% of total net income for the quarter. This distribution includes approximately 50% of the net income for Q2 2026, and an additional amount drawn from the remaining distributable profits.
Dividend yield as of June 30, 2026, stood at 6.1%.

Credit to the public grew 20.1% compared with the prior-year period and 5.9% compared with the end of Q1 2026.

The total client asset portfolio grew 20.8% from the prior-year period and 5.7% from year-end 2026, totaling approximately NIS 1.23 trillion.

Shareholders’ equity totaled approximately NIS 14.9 billion, an increase of 4.5% compared with the prior-year period. Common Equity Tier 1 ratio: 10.87%.

FIBI Group’s net income in Q2 2026, totaled NIS 583 million, compared with NIS 480 million in Q1 2026, an increase of 21.5%, and compared with NIS 637 million in the prior-year quarter, a decrease of 8.5%. Return on Equity reached 16.0%. Return on Equity excluding the special tax levy imposed on the Bank in 2026 reached 17.8%.

Net income in H1 2026 totaled NIS 1,063 million, a decrease of 8.9% compared with the prior-year period. Return on Equity reached 14.5%. Return on Equity excluding the special tax levy imposed on the Bank in 2026 reached 16.2%.

Credit to the public totaled NIS 164.2 billion, up 20.1% from the prior-year period, and up 5.9% from Q1 2026.  The growth in credit risk was driven primarily by lending to the financial services sector.
The Bank maintains a high-quality credit portfolio—exposure to problem credit risk declined 25% in H1 2026, compared with the prior-year period.  The NPL ratio (non-accrual loans or loans 90 days or more past due as a percentage of credit to the public) continued to improve, reaching 0.40% compared with 0.46% at year-end 2025. 

Deposits from the public totaled approximately NIS 251.4 billion, up 11.7% compared with the prior-year period and up 8.6% compared with the end of Q1 2026.
The total client asset portfolio grew approximately 20.8% compared with the prior-year period, reaching approximately NIS 1.23 trillion.

Total net revenues in H1 2026 amounted to NIS 3,449 million, a decrease of 2.5% compared with the prior-year period, driven primarily by macroeconomic shifts in the CPI, interest rates, and exchange rates, and partially offset by growth in financing activity volumes and fee income.

Fee and commission income in H1 2026 grew 9.1% compared with the prior-year period, totaling NIS 937 million.

Shareholders’ equity totaled approximately NIS 14.9 billion, an increase of 4.5% compared with the prior-year period. The Common Equity Tier 1 ratio stands at 10.87%, exceeding the regulatory capital requirement by 1.63% and facilitating the continued growth of the Group’s operations and accelerated distribution of surplus capital as dividends, in accordance with the framework approved at the beginning of the year. 

Operating and other expenses in H1 2026 totaled NIS 1,626 million, an increase of NIS 41 million (2.6%) compared with the prior-year period; the increase was driven primarily by an increase in other expenses, and in particular, commission expenses stemming from the Bank’s expanded capital markets operations, and was offset by an increase in revenues.  The efficiency ratio for H1 2026 stands at 47.7%, and for Q2 2026—at 46.1%.

The Board of Directors approved a dividend distribution to shareholders totaling approximately NIS 558 million, representing 96% of total net income for the quarter. This distribution includes approximately 50% of the net income for Q2 2026 and an additional amount drawn from the remaining distributable profits. The dividend yield as of 30.6.2026, stood at 6.1%.

Eli Cohen, CEO of First International Bank of Israel: “Developments in 2026 reinforce the insight that financial management demands multidisciplinary expertise and a global perspective. As the leading bank in the Israeli capital markets, we enable our clients to navigate volatile markets while building tailored investment strategies that generate added value.

Alongside our strong position in the capital market, we remain a key financial partner for leading companies in the Israeli economy, small businesses, and individual clients. Our clients’ trust and commitment facilitate accelerated growth in our credit portfolio and in client assets. The Bank’s strong results for Q2 2026 offer the clearest proof that in an era of constant shifts in the domestic and global economy alike, clients seek, above all, an anchor of stability, expertise, and experience. FIBI continues to deliver just that, while maintaining strong capital adequacy and one of the highest-quality credit portfolios in the banking system.

In addition to expanding our business operations, we are harnessing the latest technology as a significant lever for efficiency gains: the digital revolution and the adoption of AI, automation, and workflow digitization enable us to accelerate the improvement in the Bank’s operational efficiency and enhance client service.

As the banking system’s leader in dividend yield, we continue to manage our capital actively and effectively, combining rapid business growth with increased value distribution to shareholders.”

Condensed principal financial information and principal execution indices*

 Principal execution indices

For the three months
ended June 30,

For the six months
ended June 30,

For the year ended
December 31,

2026

2025

2026

2025

2025

in %

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

(2)16.0

18.3

(2)14.5

17.1

16.2

Return on average assets(1)

0.82

0.99

0.76

0.91

0.86

Ratio of total income to average assets(1)

2.5

2.9

2.4

2.7

2.6

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

1.7

2.0

1.6

1.9

1.8

Ratio of fees to average assets (1)

0.7

0.7

0.7

0.7

0.7

Efficiency ratio

46.1

43.1

47.7

45.2

46.1

As of June 30,

As of December 31,

2026

2025

2025

in %

Ratio of tier 1 equity capital

10.87

11.54

11.10

Leverage ratio

4.85

5.26

5.04

Liquidity coverage ratio (3)

127

134

129

Net stable funding ratio

122

125

127

Principal credit quality indices

For the three months
ended June 30,

For the six months
ended June 30,

For the year ended
December 31,

2026

2025

2026

2025

2025

in %

Ratio of provision for credit losses to credit to the public

0.96

1.19

0.96

1.19

1.11

Ratio of total provision for credit losses (4) to credit to the public

1.08

1.33

1.08

1.33

1.25

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

0.40

0.46

0.40

0.46

0.46

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

249.2

271.5

249.2

271.5

251.5

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

0.04

(0.03)

0.05

(0.04)

(0.01)

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

(0.10)

(0.05)

(0.05)

(0.04)

0.01

Principal data from the statement of income

For the three months
ended June 30,

For the six months
ended June 30,

2026

2025

2026

2025

NIS million

Net profit attributed to shareholders of the Bank

583

637

1,063

1,167

Interest Income, net

1,192

1,290

2,282

2,444

Income from credit losses

(38)

(16)

(38)

(27)

Total non-Interest income

571

551

1,129

1,065

   Of which:     Fees

473

434

937

859

Total operating and other expenses

812

793

1,626

1,585

   Of which:     Salaries and related expenses

450

449

887

902

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

5.82

6.35

10.60

11.63

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

5.82

6.35

10.60

11.63

Principal data from the balance sheet

30.6.26

30.6.25

31.12.25

NIS million

Total assets

293,955

262,507

277,833

of which:   Cash and deposits with banks

83,533

79,142

83,776

                  Securities

38,465

37,432

38,266

                  Credit to the public, net

162,601

135,092

146,374

Total liabilities

278,421

247,537

262,634

of which:   Deposits from the public

251,394

225,124

238,509

                  Deposits from banks

1,373

2,141

1,906

                  Bonds and subordinated capital notes

11,551

4,517

6,791

Capital attributed to the shareholders of the Bank

14,899

14,258

14,614

Additional data

30.6.26

30.6.25

31.12.25

0.01 NIS

Share price

21,090

24,370

25,050

Dividend per share

750

439

1,191

*       The condensed financial statements are prepared in accordance with the Public Reporting Directives and guidelines of the Supervisor of Banks, which primarily adopt
accounting principles generally accepted in the United States (U.S. GAAP).

(1)    Annualized.

(2)    The return on equity attributed to shareholders of the bank, excluding the excess of ratio of tier 1 equity capital above the goal set by the Board of Directors (9.50%) and
excluding the special tax levy applicable to the bank in 2026, amounted to 20.0% in the second quarter of 2026 and 18.4% in the first half of 2026.

excluding the special tax levy applicable to the bank in 2026, amounted to 20.0% in the second quarter of 2026 and 18.4% in the first half of 2026.

(3)    The ratio is computed in respect of the three months ended at the end of the reporting period.

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

 

CONSOLIDATED STATEMENT OF INCOME

(NIS million)

For the three months
ended June 30

For the six months
ended June 30

For the year Ended 
December 31

2026

2025

2026

2025

2025

(unaudited)

(unaudited)

(unaudited)

(unaudited)

(audited)

Interest Income

2,924

3,019

5,641

5,822

11,771

Interest Expenses

1,732

1,729

3,359

3,378

6,949

Interest Income, net

1,192

1,290

2,282

2,444

4,822

Expenses (income) from credit losses

(38)

(16)

(38)

(27)

19

Net Interest Income after income from credit losses

1,230

1,306

2,320

2,471

4,803

Non- Interest Income

Non-Interest financing income

89

117

183

205

312

Fees

473

434

937

859

1,777

Other income

9

9

1

11

Total non- Interest income

571

551

1,129

1,065

2,100

Operating and other expenses

Salaries and related expenses

450

449

887

902

1,769

Maintenance and depreciation of premises and equipment

82

82

165

166

338

Amortizations and impairment of intangible assets

39

36

78

71

146

Other expenses

241

226

496

446

937

Total operating and other expenses

812

793

1,626

1,585

3,190

Profit before taxes

989

1,064

1,823

1,951

3,713

Provision for taxes on profit

405

416

754

770

1,386

Profit after taxes

584

648

1,069

1,181

2,327

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

26

16

44

38

35

Net profit:

Before attribution to non–controlling interests

610

664

1,113

1,219

2,362

Attributed to non–controlling interests

(27)

(27)

(50)

(52)

(102)

Attributed to shareholders of the Bank

583

637

1,063

1,167

2,260

NIS

Primary profit per share attributed to the shareholders of the Bank

Net profit per share of NIS 0.05 par value

5.82

6.35

10.60

11.63

22.53

Diluted profit per share attributed to the shareholders of the Bank

Net profit per share of NIS 0.05 par value

5.82

6.35

10.60

11.63

22.52

 

STATEMENT OF COMPREHENSIVE INCOME

(NIS million)

For the three months
ended June 30

For the six months
ended June 30

For the year Ended
December 31

2026

2025

2026

2025

2025

(unaudited)

(unaudited)

(unaudited)

(unaudited)

(audited)

Net profit before attribution to non–controlling interests

610

664

1,113

1,219

2,362

Net profit attributed to non–controlling interests

(27)

(27)

(50)

(52)

(102)

Net profit attributed to the shareholders of the Bank

583

637

1,063

1,167

2,260

Other comprehensive income (loss) before taxes:

Adjustments of available for sale bonds to fair value, net

175

126

(59)

164

281

Adjustments of liabilities in respect of employee benefits(1)

(19)

(17)

18

9

(69)

Other comprehensive income (loss) before taxes

156

109

(41)

173

212

Related tax effect

(65)

(43)

18

(67)

(86)

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

91

66

(23)

106

126

Less other comprehensive income attributed to non–controlling interests

2

6

6

10

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

89

60

(23)

100

116

Comprehensive income before attribution to non–controlling interests

701

730

1,090

1,325

2,488

Comprehensive income attributed to non–controlling interests

(29)

(33)

(50)

(58)

(112)

Comprehensive income attributed to the shareholders of the Bank

672

697

1,040

1,267

2,376

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

 

CONSOLIDATED BALANCE SHEET

(NIS million)

June 30,

December 31,

2026

2025

2025

(unaudited)

(unaudited)

(audited)

Assets

Cash and deposits with banks

83,533

79,142

83,776

Securities

38,465

37,432

38,266

Securities borrowed or purchased under agreements to repurchase

254

275

355

Credit to the public

164,181

136,724

148,014

Provision for Credit losses

(1,580)

(1,632)

(1,640)

Credit to the public, net

162,601

135,092

146,374

Credit to the government

905

1,396

1,607

Investments in investee companies

925

884

875

Premises and equipment

863

855

871

Intangible assets

388

355

404

Assets in respect of derivative instruments

3,694

5,729

3,934

Other assets(2)

2,327

1,347

1,371

Total assets

293,955

262,507

277,833

Liabilities and Shareholders’ Equity

Deposits from the public

251,394

225,124

238,509

Deposits from banks

1,373

2,141

1,906

Deposits from the Government

1,491

1,020

2,032

Securities lent or sold under agreements to repurchase

4,703

4,180

4,107

Bonds and subordinated capital notes

11,551

4,517

6,791

Liabilities in respect of derivative instruments

3,815

6,176

4,336

Other liabilities(1)(3)

4,094

4,379

4,953

Total liabilities

278,421

247,537

262,634

Capital attributed to the shareholders of the Bank

14,899

14,258

14,614

Non-controlling interests

635

712

585

Total capital

15,534

14,970

15,199

Total liabilities and capital

293,955

262,507

277,833

(1)    Of which: provision for credit losses in respect of off-balance sheet credit instruments in the amount of NIS 193 million and NIS 180 million and NIS 210 million
 as of 30.6.26, 30.6.25 and 31.12.25, respectively.

(2)    Of which: other assets measured at fair value in the amount of NIS 4 million and NIS 21 million and NIS 5 million as of 30.6.26, 30.6.25 and 31.12.25, respectively.

(3)    Of which: other liabilities measured at fair value in the amount of NIS 4 million and NIS 21 million and NIS 5 million as of 30.6.26, 30.6.25 and 31.12.25, respectively.

 

STATEMENT OF CHANGES IN EQUITY

(NIS million)

For the three months ended June 30, 2026 (unaudited)

Share
capital and
premium (1)

Capital reserves
from benefit due
to share-based
payment
transactions

Total capital
and capital
reserves

Accumulated
other
comprehensive
income (loss)

Retained
earnings (2)

Total

Non-
controlling
interests

Total
capital

Balance as of March 31, 2026

918

7

925

(174)

13,714

14,465

606

15,071

Net profit for the period

583

583

27

610

Dividend

(240)

(240)

(240)

Benefit due to share-based payment transactions

2

2

2

2

Other comprehensive income, after tax effect

89

89

2

91

Balance as of June 30, 2026

918

9

927

(85)

14,057

14,899

635

15,534

For the three months ended June 30, 2025 (unaudited)

Share
capital and
premium (1)

Capital reserves
from benefit due
to share-based
payment
transactions

Total capital
 and capital
reserves

Accumulated
other
comprehensive
income (loss)

Retained
earnings (2)

Total

Non-
controlling
interests

Total
capital

Balance as of March 31, 2025

927

1

928

(138)

12,983

13,773

679

14,452

Net profit for the period

637

637

27

664

Dividend

(212)

(212)

(212)

Other comprehensive income, after tax effect

60

60

6

66

Balance as of June 30, 2025

927

1

928

(78)

13,408

14,258

712

14,970

For the six months ended June 30, 2026 (unaudited)

Share
capital and
premium (1)

Capital reserves
from benefit due
to share-based
payment
transactions

Total capital
and capital
reserves

Accumulated
other
comprehensive
income (loss)

Retained
earnings (2)

Total

Non-
controlling
interests

Total
capital

Balance as of December 31, 2025 (audited)

927

3

930

(62)

13,746

14,614

585

15,199

Net profit for the period

1,063

1,063

50

1,113

Dividend

(752)

(752)

(752)

Repurchase of shares

(9)

(9)

(9)

(9)

Benefit due to share-based payment transactions

6

6

6

6

Other comprehensive loss, after tax effect

(23)

(23)

(23)

Balance as of June 30, 2026

918

9

927

(85)

14,057

14,899

635

15,534

For the six months ended June 30, 2025 (unaudited)

Share
capital and
premium(1)

Capital reserves
from benefit due
to share-based
payment
transactions

Total capital
and capital
reserves

Accumulated
other
comprehensive
income (loss)

Retained
earnings(2)

Total

Non-
controlling
interests

Total
capital

Balance as of December 31, 2024 (audited)

927

927

(178)

12,681

13,430

654

14,084

Net profit for the period

1,167

1,167

52

1,219

Dividend

(440)

(440)

(440)

Benefit due to share-based payment transactions

1

1

1

1

Other comprehensive income, after tax effect

100

100

6

106

Balance as of June 30, 2025

927

1

928

(78)

13,408

14,258

712

14,970

For the year ended December 31, 2025 (audited)

Share
capital and
premium (1)

Capital reserves
from benefit due
to share-based
payment
transactions

Total capital
and capital
reserves

Accumulated
other
comprehensive
income (loss)

Retained
earnings (2)

Total

Non-
controlling interests

Total
capital

Balance as of December 31, 2024

927

927

(178)

12,681

13,430

654

14,084

Net profit for the period

2,260

2,260

102

2,362

Dividend

(1,195)

(1,195)

(181)

(1,376)

Benefit due to share-based payment transactions

3

3

3

3

Other comprehensive income, after tax effect

116

116

10

126

Balance as of December 31, 2025

927

3

930

(62)

13,746

14,614

585

15,199

(1)    Including share premium of NIS 304 million as from 1992 onwards (as of 30.6.25 and 31.12.25 – NIS 313 million).

(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

 

 

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SOURCE First International Bank of Israel

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Technology

Gamehaus Announces Strategic Shift Toward AI-Generated Content

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By

Company to Concentrate Resources on Generative Content Tooling and the Creator Ecosystem; Existing Casual Game Portfolio to Be Managed for Cash Flow and Profitability

SHANGHAI, Aug. 12, 2026 /PRNewswire/ — Gamehaus Holdings Inc. (Nasdaq: GMHS) (“Gamehaus” or the “Company”), a technology-driven mobile game publisher, today announced a shift in its strategic focus toward artificial intelligence(“AI”)-generated content. Under the revised strategy, the Company will progressively optimize its third-party publishing business in casual titles, and in particular in the social casino category, and will direct its resources toward the development and distribution of AI-generated content.

In connection with this shift, the Company has begun managing its existing portfolio of casual and social casino titles on a cash flow- and profitability-oriented basis, with user acquisition and operating expenditure allocated according to return on investment rather than scale of installed base. This approach took effect during the current quarter and applies across the existing game portfolio.

The strategic shift reflects both the Company’s assessment of structural conditions in the casual publishing market and its view of the opportunity presented by generative technologies. In the casual category, user acquisition economics have been reshaped in recent years by several converging factors: the contraction of addressable audiences in mature markets, the reduction in attribution and targeting signal available to advertisers on major mobile platforms, and sustained competition for paid media inventory. Together, these factors have compressed the margin available at the publishing layer of the value chain. At the same time, the Company believes that generative technologies are altering the cost structure of content production itself — shortening development cycles, lowering the marginal cost of producing and iterating on content, and, most significantly, broadening the range of participants able to produce content at all.

Gamehaus intends to move into the content creation process by developing AI-based content generation tools and making them available to third-party creators, including game developers. These tools are designed to support content creation by both internal teams and external creators, and the Company ultimately expects its AI-powered content generation capabilities to enable a broader creator ecosystem to drive content production. The Company also expects to maintain a small-scale in-house development and testing function, principally to validate and refine its tools. The intended principal driver of content supply under this strategy is the creator economy those tools are designed to enable.

The Company’s initial focus within AI-generated content is casual mobile games. Earlier this year, Gamehaus completed a minority equity investment in a promising early-stage studio focused on AI-driven game generation, whose work includes AI-assisted art, asset and level generation pipelines for casual game content. The Company intends to leverage AI-powered content creation capabilities of this kind and combine them with its existing publishing infrastructure, user acquisition platform and live-operations function, which together serve a global user base across major mobile app stores.

Over time, the Company intends to position itself as an AI-enabled content generation and distribution platform. Gamehaus believes that the applicability of AI-powered generative tools is not limited to casual games, and that comparable changes in production economics are emerging in short-form animated drama and in interactive formats that combine short-form drama with gameplay. The Company is evaluating opportunities in these areas and will provide further information if and when there is a material development to report.

“We are choosing to build the Company around where content value is being created, rather than defending a position in a part of the value chain that is structurally narrowing,” said Mr. Yimin Cai, Chief Executive Officer of Gamehaus, “That means running our existing portfolio for cash flow and returns rather than for scale, and putting our resources behind the tools that let creators produce content. We do not think the winning position here is to make everything ourselves. We think it is to give a large number of creators the ability to make things they could not make before, and to distribute what they make.”

About Gamehaus

Gamehaus Holdings Inc. is a technology-driven global mobile game publisher dedicated to bridging creative studios and players worldwide. With a portfolio spanning mid-core and casual games, Gamehaus delivers full-stack publishing support across market insights, user growth, live-ops, data analytics and monetization optimization. With a vision to be the go-to partner for creative teams, the Company specializes in combining global publishing reach with AI- and data-powered solutions to help partners build lasting success. As part of its strategic evolution, the Company intends to increasingly focused on AI-generated content to enable scalable content production across a broad ecosystem of creators and game developers. For more information, please visit https://ir.gamehaus.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results due to various risks and uncertainties, including but not limited to those described under the “Risk Factors” section in the Company’s annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.

Investor Relations Contact

Gamehaus Holdings Inc.
Investor Relations Team
Email: IR@Gamehaus.com

The Blueshirt Group
Mr. Jack Wang
Email: Gamehaus@TheBlueshirtGroup.co

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SOURCE Gamehaus Holdings Inc.

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NGP VAN Launches NGP VAN Interface, Bringing Agentic AI to Democratic and Progressive Campaigns Ahead of Midterm Elections

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WASHINGTON, Aug. 12, 2026 /PRNewswire/ — Today, NGP VAN, the leading technology provider for Democratic and progressive campaigns, announced the launch of NGP VAN Interface, the most powerful Model Context Protocol (MCP) solution purpose-built for Democratic and progressive campaigns, nonprofits, unions, PACs, and advocacy organizations. As organizations look to adopt AI, many face a fundamental challenge: how to do so without compromising the security of their most valuable data. NGP VAN Interface addresses that challenge by providing a secure connection between AI tools and trusted NGP VAN platforms, enabling natural language workflows while preserving the permissioning, authentication, and security campaigns depend on. With NGP VAN Interface, the Democratic and progressive movement’s leading organizing and fundraising platform will be accessible to AI tools, unlocking major efficiencies ahead of the midterm elections. As part of the launch, NGP VAN is also investing in its first Forward Deployed Engineers, who will work directly with clients and partners to help campaigns integrate AI into their operations, accelerate adoption of these new capabilities and give campaigns every advantage possible heading into this fall’s elections..

For decades, NGP VAN has powered the organizing, fundraising, and voter outreach efforts behind Democratic and progressive victories. As campaigns increasingly adopt AI to streamline operations and improve productivity, NGP VAN Interface provides a new way to securely bring those capabilities into the systems that natively house campaign data.

Until now, users have primarily interacted with NGP VAN through its web applications, APIs, and data products. Interface introduces a fourth interaction layer designed specifically for AI-powered assistants and automated workflows. The new platform includes an open-source Command Line Interface (CLI) that simplifies interactions with NGP VAN APIs, an MCP server with purpose-built authentication and permission controls for AI applications, and a proof-of-concept turnkey integration with Anthropic’s Claude.

Together, these capabilities enable users to complete common tasks through natural language prompts rather than navigating multiple interfaces or writing code, creating major new efficiencies for campaigns. NGP VAN Interface also supports an innovative new authentication model that enables workflows to run across multiple NGP VAN databases from a single user account and a single command, eliminating the need to switch between products or committees or to manage multiple API connections.

Several early partners are already using Interface to prototype AI-powered organizing and fundraising workflows ahead of the midterms and in preparation for the 2027-2028 election cycles, helping campaign staff automate repetitive administrative work and spend more time organizing supporters, engaging donors, and reaching voters.

“For more than 25 years, NGP VAN has built the tools that power the Democratic and progressive ecosystem,” said Chelsea Peterson Thompson, General Manager of NGP VAN. “Our mission has always been to put the best tools in the hands of our clients so they can make data-driven decisions and elect more Democrats up and down the ballot. NGP VAN Interface gives organizations a secure way to connect AI tools directly to their data in NGP VAN’s platforms. We understand that change requires investment and resources to support this exciting work across the ecosystem; we are investing in our first Forward Deployed Engineers to embed directly with our clients to build the next generation of skills necessary to win the critical elections ahead. As campaigns and organizations continue evaluating and adopting AI, we’re committed to ensuring the progressive movement has access to cutting-edge capabilities built with the privacy, governance, and environmental sustainability our mission demands.”

“In my time working with campaigns, I’ve seen organizers and finance staff do extraordinary things with limited resources and tight timelines,” said Sunil Sadasivan, Vice President of Engineering at NGP VAN. “I’ve spent my career helping teams work smarter, not harder – and the new wave of AI capabilities is the biggest leap on that front I’ve seen. What we believe at NGP VAN is that AI should meet campaigns where their data already lives. NGP VAN Interface gives AI tools a direct, purpose-built connection to our platforms, so the teams we work with can put these capabilities to work on the things that actually win — organizing, fundraising, and turning people out.” 

NGP VAN Interface is currently in closed beta. NGP VAN is actively seeking two types of partners: campaign and organizational users ready to put natural language AI workflows to work in NGP VAN’s platforms this cycle, and agencies and technology builders interested in co-developing agentic skills on top of Interface’s capabilities.

To learn more and apply for access, visit ngpvan.com/solutions/interface.

About NGP VAN
NGP VAN is the winningest technology platform in the history of democratic and progressive causes, working tirelessly to innovate and advance the technology our clients rely on to bolster our democracy. A proud unionized employer, we help power the trailblazers, campaigners, and advocates fighting up and down the ticket for equality, racial justice, reproductive freedom, democracy, climate reform, and more—including the national Democratic committees and progressive organizations, thousands of Democratic campaigns, hundreds of labor unions, advocacy organizations, progressive and non-partisan PACs, and other organizations.

Press Contact:
Simone Hassan-Bey
NGP VAN
press@ngpvan.com

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SOURCE NGP VAN

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Bank of America Launches $250 Billion, 18-month Critical Infrastructure Finance Initiative in Honor of America’s 250th Anniversary

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Initiative aims to help strengthen and modernize America’s infrastructure, supporting energy security, U.S. job growth and economic competitiveness

Key points

Bank of America’s Critical Infrastructure Finance Initiative to help drive transformative infrastructure investment across the United States, honoring America’s 250th anniversaryBank of America to support the development of digital, energy and power, and core infrastructure that enhances national competitiveness by strengthening energy security, accelerating technological leadership and enabling long-term economic growthInitiative to help create tens of thousands of jobs and advance community developmentCapital to be mobilized and deployed over 18 months, from America’s 250th year in 2026 through July 4, 2027

CHARLOTTE, N.C., Aug. 12, 2026 /PRNewswire/ — In celebration of America’s 250th anniversary, Bank of America today announced the Critical Infrastructure Finance Initiative to mobilize and deploy $250 billion to support U.S. infrastructure development through financing, investment and advisory solutions. The initiative reflects the company’s commitment to financing digital, energy and power, and core infrastructure development and modernization to help fuel America’s next era of economic growth, innovation and competitiveness. Capital will be mobilized and deployed from over 18 months, from America’s 250th year in 2026 through July 4, 2027.

Surging demand for computing power, energy, manufacturing capacity, modern transportation systems and diversified supply chains is propelling a new wave of infrastructure investment across the United States. Bank of America is helping clients across these sectors access the capital they need through our global capital markets platform, advisory expertise and strong balance sheet support, driving investment and creating tens of thousands of jobs nationwide.

“We are proud of our long history supporting the American economy. As America marks its 250th year, this initiative reflects our confidence in the country’s future and the investments that will shape it,” said Jim DeMare, Co-President, Bank of America. “The infrastructure that powers our economy, strengthens our energy security and secures our technological leadership will drive growth, create jobs and define America’s next chapter.”

Financial activity – including primary market lending, investing, capital markets, banking and advisory solutions – will span three broad infrastructure categories:

Digital infrastructure, such as data centers and computing infrastructure (hardware, chips, and equipment), telecommunications and semiconductorsEnergy and power infrastructure, such as conventional and renewable power generation and energy storage, as well as other energy distribution systemsCore infrastructure, such as transportation, electric and energy transmission, grid optimization, water systems, critical minerals and mining, and other assets

“Meeting America’s growing infrastructure needs requires mobilizing capital at scale across increasingly interconnected sectors,” said Karen Fang, Global Head of Infrastructure & Sustainable Finance and Co-Head of Global Capital Solutions at Bank of America. “Delivering these projects requires integrated financing solutions spanning corporate and project-level capital in both public and private markets. By bringing together capital providers, developers, corporations and investors, we are focused on helping accelerate investment in infrastructure that drives economic growth and creates lasting value for communities.”

The effort will be led by Bank of America’s Global Capital Solutions (GCS) and Global Infrastructure & Sustainable Finance (GISFG) teams and is supported across all eight lines of business. Bank of America provides integrated financing, investment, advisory and supply chain solutions for clients at both the corporate and asset levels, and across public and private markets.

Frequently asked questions
Question: What is Bank of America announcing?

Answer: Bank of America announced the Critical Infrastructure Finance Initiative to mobilize and deploy $250 billion to support the development and modernization of American infrastructure, through financing, investment, advisory and supply chain solutions. The amount will be measured based on eligible activity over 18 months, from America’s 250th year, January 1, 2026 through July 4, 2027.

Question: What types of infrastructure are included?

Answer: Eligible activity spans three broad categories:

Digital infrastructure, such as data centers and computing infrastructure (hardware, chips, and equipment), telecommunications and semiconductorsEnergy and power infrastructure, such as conventional and renewable power generation and energy storage, as well as other energy distribution systemsCore infrastructure, such as transportation, electric and energy transmission, grid optimization, water systems, critical minerals and mining, and other assets

Question: How will progress toward the goal be measured?

Answer: Progress for this initiative will be measured solely based on eligible activity in primary market lending, investing, capital markets and advisory transactions, consistent with Bank of America’s methodology for its $1.5 trillion ten-year sustainable finance goal.

Question: Why is Bank of America announcing this now?

Answer: The $250 billion Critical Infrastructure Finance Initiative is in recognition of America’s 250th anniversary and reflects the important role private capital plays in financing the critical infrastructure that supports economic growth, innovation and competitiveness.

Question: How is the Critical Infrastructure Finance Initiative creating jobs?

Answer:

Infrastructure financing helps drive job creation across sectors including construction, manufacturing, technology and long-term operations. By providing capital for digital, energy and power, and core infrastructure projects, the initiative helps enable investments that support employment opportunities nationwide.Infrastructure investment and workforce development go hand in hand. Projects such as data centers, power generation facilities, grid modernization projects and transportation infrastructure require a highly skilled workforce to build, operate and maintain them. Alongside financing these investments, Bank of America supports workforce development through longstanding training, education and career pathway programs that help connect people to the skills and jobs these projects create.In 2025, Bank of America invested nearly $40 million in more than 730 workforce development partners including employers, nonprofits and community colleges across 97 U.S. markets. These partners estimate that the funding helped connect more than 90,000 people to employment opportunities and provided over 290,000 individuals with access to training, education and career-readiness programs.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact
John Yiannacopoulos, Bank of America
Phone: 1.646.855.2314
john.yiannacopoulos@bofa.com 

Sheryl Lee, Bank of America
Phone: 1.657.234.9950
sheryl.lee2@bofa.com

 

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SOURCE Bank of America Corporation

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