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First International Bank of Israel Reports Financial Results for the Fourth Quarter and Full Year of 2024

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Reflects continued growth and strong profitability while maintaining financial stability

TEL AVIV, Israel, March 12, 2025 /PRNewswire/ — First International Bank of Israel (TASE: FIBI) one of Israel’s major banking groups, today announced its results for the fourth quarter of the year.

Financial Highlights

Net income of NIS 2,371  million in the year 2024; Return on equity 19%;Net income of NIS 573 million in the fourth quarter of 2024; Return on equity 17.4%Net credit to the public grew by 10% in 2024 and by 3.7% in the fourth quarter;Deposits from the public grew by 12.4% in 2024 and by 0.9% in the fourth quarter;Customers’ assets grew by 25% in 2024 and by 5% in the fourth quarter, and reached NIS 839 billion;Equity attributed to the Bank’s shareholders amounted to NIS 13.4 billion; an increase of 11.3% compared to the end of 2023; Tier 1 shareholders’ equity ratio of 11.31%;The Bank’s Board of Directors decided on the distribution of a dividend amounting to NIS 228 million, representing a return of 40% of the net income;

Financial Results of the Fourth Quarter and Full Year 2024

The First International Group’s net income amounted to NIS 2,371 million in 2024, an increase of 9.2% compared with that of the previous year. The return on equity reached 19%.

In the fourth quarter of the year, the net income amounted to NIS 573 million, an increase of 14.8% over that of the previous year. The return on equity was 17.4%.

Credit to the public, net, amounted to NIS 129.4 billion, an increase of 10% in 2024 and an increase of 3.7% in the fourth quarter.

Deposits from the public amounted to NIS 214.8 billion, an increase of 12.4% in 2024 and 0.9% in the fourth quarter. The customers’ assets portfolio increased by 25% in comparison with that of the previous year and by 5% in the fourth quarter of 2024, and amounted to NIS 839 billion.

Equity attributed to the Bank’s shareholders increased to NIS 13.4 billion, an increase of 11.3% by comparison with the end of 2023. The tier 1 shareholders’ equity ratio increased to 11.31%, 2.1 percentage points above the required regulatory amount. The liquidity coverage ratio remained high and stood at 165%.

Considering the directives of the Supervisor of Banks regarding Capital Planning and Profits Distribution Policy, the Bank’s Board of Directors approved the distribution of a cash dividend to shareholders amounting to NIS 228 million, representing 40% of net income. The Board of Directors will continue to consider the implementation of the Bank’s dividend distribution policy, according to which the bank will distribute up to 50% of its net profit each year, in light of ongoing developments and impacts on the economy and the Bank.

Income for credit losses amounted to NIS 16 million in 2024, compared with expenses of NIS 502 million in 2023. The expenses for credit losses were NIS 35 million in the fourth quarter of the year, of which the collective expense was NIS 41 million. The percentage of the expense to the average balance of credit to the public was 0.11%.

In terms of the qualitative credit portfolio, the non-performing loan (NPL) ratio (the balance of non-accrual debts or debts that are in arrears of 90 days or more, out of the balance of the credit to the public) declined, and reached 0.53% at the end of the fourth quarter, as compared to 0.6% at the end of 2023. The ratio is an indication of the quality of the credit portfolio.

Operating and other expenses amounted to NIS 2,977 million in 2024, an increase of 3.5% over 2023 and was primarily due to an improved efficiencies as well as the impact of inflation. The 2024 efficiency ratio stood at 44.1%.

Management Comment

Eli Cohen, First International Bank Israel’s Chief Executive Officer, commented, “2024 presented many challenges for us, amid ongoing uncertainty. The Swords of Iron War negatively affected hundreds of thousands of Israelis, both directly and indirectly, and the Bank’s staff and managers remained fully committed to providing optimal customer service throughout the period. Together with a series of benefits and reliefs for First International Bank’s customers, we continued to support Israel’s security forces and to society in general. This is primarily through an initiative we launched in the early days of the war, and which continues today. As part of this initiative, we stand by and supports the brave members of Kibbutz Nir Oz, who have suffered devasting losses in the attack.”

“I am proud and grateful to the thousands of First International Bank’s staff members, for their devotion during this period of war, for their motivation, their determination and their dedicated service they continue to provide our customers.”

“Today, we published the Bank’s financial results for 2024. Despite the significant challenges, the results reflect resilience and growth. This year, we have seen strong momentum in our core operations and strategic focus areas, with the credit portfolio growing by 10% and customer assets increasing by 25%. We have achieved growth through our activity with new customers and the continued expansion in our activity with existing customers, reinforcing our position as the leading bank in the capital markets sector. “

“The Bank’s results are also marked through a high level of financial stability, reflected in the quality of the credit portfolio, as well as the high capital and liquidity ratios. This stability is of considerable importance in the current period of economic uncertainty.”

“We are continuing to improve our value proposition to customers, by providing both a personalized service and also through our digital capabilities. The First International Bank’s customers are the first who can benefit from FibiWise, an innovative system we developed, that provides customers with a comprehensive financial view of their various accounts across all banks and financial institutions. Additionally, we also recently launched a preloaded wallet called Beyond, which, for the first time in the Israeli banking system, enables its holders to benefit from significant fixed benefits on their purchases.”

“I hope and pray that we will achieve calm in the security situation on the various fronts, for the safe return of the residents of the North and the South and for the return of all the hostages. I send my wishes for a speedy and full recovery to all the wounded and share my deepest condolences to the bereaved families.”

CONDENSED PRINCIPAL FINANCIAL INFORMATION AND PRINCIPAL EXECUTION INDICES

Principal financial ratios

2024

2023

2022

2021

2020

percent

Execution indices

Return on equity attributed to shareholders of the Bank

19.0

19.7

16.6

14.7

8.6

Return on average assets

1.02

1.06

0.89

0.82

0.49

Ratio of equity capital tier 1

11.31

11.35

10.42

11.46

11.18

Leverage ratio

5.18

5.26

5.19

5.34

5.29

Liquidity coverage ratio(1)

165

156

127

128

150

Net stable funding ratio(2)

140

146

133

139

Ratio of total income to average assets

2.9

3.2

2.9

2.6

2.7

Ratio of interest income, net to average assets

2.0

2.4

2.0

1.6

1.7

Ratio of fees to average assets

0.7

0.7

0.8

0.8

0.9

Efficiency ratio

44.1

43.5

50.9

58.3

61.8

Credit quality indices

Ratio of provision for credit losses to credit to the public

1.25

1.36

1.02

1.05

1.38

Ratio of total provision for credit losses (3) to credit to the public

1.38

1.50

1.12

1.13

1.48

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

0.53

0.60

0.48

**0.63

0.86

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

244.6

234.5

219.7

**244.0

221.3

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

(0.04)

0.03

0.03

(0.01)

0.10

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

(0.01)

0.42

0.11

(0.23)

0.52

Principal data from the statement of income

2024

2023

2022

2021

2020

NIS million

Net profit attributed to shareholders of the Bank

2,371

2,172

1,667

1,405

750

Interest Income, net

4,740

4,966

3,803

2,794

2,637

Expenses (income) from credit losses

(16)

502

123

(216)

464

Total non-interest income

2,006

1,652

1,611

1,756

1,523

   Of which:  Fees

1,553

1,502

1,489

1,444

1,371

Total operating and other expenses

2,977

2,877

2,755

2,652

2,569

   Of which:  Salaries and related expenses

1,739

*1,766

*1,700

*1,621

*1,552

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

23.63

21.65

16.62

14.00

7.48

Principal data from the balance sheet

2024

2023

2022

2021

2020

NIS million

Total assets

248,563

221,593

195,955

180,470

167,778

 of which: Cash and deposits with banks

77,175

68,866

57,130

57,370

57,802

                       Securities

34,396

26,985

16,010

15,091

13,105

                       Credit to the public, net

129,416

117,622

115,961

101,164

90,970

Total liabilities

234,479

208,947

184,920

170,033

158,243

   of which:   Deposits from the public

214,755

191,125

168,269

153,447

141,677

                       Deposits from banks

2,508

4,314

4,821

5,144

2,992

                       Bonds and subordinated capital notes

4,479

4,767

4,749

3,356

4,394

Capital attributed to the shareholders of the Bank

13,430

12,071

10,559

10,003

9,141

Additional data

2024

2023

2022

2021

2020

Share price (0.01 NIS)

17,940

14,990

13,900

12,950

8,514

Dividend per share (0.01 NIS)

986

795

942

543

125

Average number of positions (4)

3,555

3,634

3,676

3,715

3,895

*       Reclassified.

**     Restated in respect of the new disclosure format on non-accruing debts instead of impaired debts, since January 1, 2022. Comparative data for 2020 have not been restated.

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

(2)    According to instructions of the Bank of Israel the Net stable funding ratio was calculated since 2021. Therefor no comparative data is stated.

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

(4)   The number of positions includes conversion of overtime in terms of positions.

 

STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31
(NIS million)

Consolidated

The Bank

2024

2023

2022

2024

2023

2022

Interest Income

11,097

9,850

5,161

10,506

9,317

4,833

Interest Expenses

6,357

4,884

1,358

6,251

4,801

1,339

Interest Income, net

4,740

4,966

3,803

4,255

4,516

3,494

Expenses (income) from credit losses

(16)

502

123

(23)

484

118

Net Interest Income after expenses from credit losses

4,756

4,464

3,680

4,278

4,032

3,376

Non-Interest Income

Non-Interest Financing income

432

142

113

432

161

111

Fees

1,553

1,502

1,489

1,387

1,348

1,331

Other income

21

8

9

78

62

66

Total non-Interest income

2,006

1,652

1,611

1,897

1,571

1,508

Operating and other expenses

Salaries and related expenses

1,739

*1,766

*1,700

1,620

*1,644

*1,582

Maintenance and depreciation of premises and equipment

359

*321

*312

334

*297

*288

Amortizations and impairment of intangible assets

134

122

113

133

120

111

Other expenses

745

668

630

717

642

604

Total operating and other expenses

2,977

2,877

2,755

2,804

2,703

2,585

Profit before taxes

3,785

3,239

2,536

3,371

2,900

2,299

Provision for taxes on profit

1,383

1,090

884

1,228

973

801

Profit after taxes

2,402

2,149

1,652

2,143

1,927

1,498

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

74

113

74

228

245

169

Net profit:

Before attribution to non-controlling interests

2,476

2,262

1,726

2,371

2,172

1,667

Attributed to non-controlling interests

(105)

(90)

(59)

Attributed to shareholders of the Bank

2,371

2,172

1,667

2,371

2,172

1,667

Consolidated and The Bank

2024

2023

2022

Primary profit per share attributed to the shareholders of the Bank

NIS

Net profit per share of NIS 0.05 par value

23.63

21.65

16.62

*       Reclassified.

 

Tel-Aviv, March 11, 2025

 

 

STATEMENT OF COMPREHENSIVE INCOME 
FOR THE YEAR ENDED DECEMBER 31

(NIS million)

Consolidated

2024

2023

2022

Net profit before attribution to non-controlling interests

2,476

2,262

1,726

Net profit attributed to non-controlling interests

(105)

(90)

(59)

Net profit attributed to the shareholders of the Bank

2,371

2,172

1,667

Other comprehensive income (loss) before taxes:

Adjustments of available for sale bonds to fair value, net

31

213

(441)

Adjustments of liabilities in respect of employee benefits(1)

(60)

25

235

Other comprehensive income (loss) before taxes

(29)

238

(206)

Related tax effect

9

(81)

71

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

(20)

157

(135)

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

3

9

(13)

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

(23)

148

(122)

Comprehensive income before attribution to non-controlling interests

2,456

2,419

1,591

Comprehensive income attributed to non-controlling interests

(108)

(99)

(46)

Comprehensive income attributed to the shareholders of the Bank

2,348

2,320

1,545

(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 profit.

 

 

BALANCE SHEET AS AT DECEMBER 31
(NIS million)

Consolidated

The Bank

2024

2023

2024

2023

Assets

Cash and deposits with banks

77,175

68,866

76,194

67,472

Securities

34,396

26,985

31,996

25,940

Securities which were borrowed

70

57

70

57

Credit to the public

131,050

119,240

124,573

113,118

Provision for Credit losses

(1,634)

(1,618)

(1,533)

(1,520)

Credit to the public, net

129,416

117,622

123,040

111,598

Credit to the government

1,496

1,055

789

369

Investment in equity-basis investees

842

786

1,826

1,642

Premises and equipment

867

877

847

855

Intangible assets

363

328

360

324

Assets in respect of derivative instruments

2,565

3,651

2,565

3,651

Other assets(2)

1,373

1,366

1,290

1,293

Total assets

248,563

221,593

238,977

213,201

Liabilities and Shareholders’ Equity

Deposits from the public

214,755

191,125

207,007

184,082

Deposits from banks

2,508

4,314

4,091

6,344

Deposits from the Government

2,540

750

2,540

750

Securities lent or sold under agreements to repurchase

2,304

2,304

Bonds and subordinated capital notes

4,479

4,767

2,218

2,442

Liabilities in respect of derivative instruments

2,729

3,784

2,732

3,790

Other liabilities(1)(3)

5,164

4,207

4,655

3,722

Total liabilities

234,479

208,947

225,547

201,130

Capital attributed to the shareholders of the Bank

13,430

12,071

13,430

12,071

Non-controlling interests

654

575

Total equity

14,084

12,646

13,430

12,071

Total liabilities and shareholders’ equity

248,563

221,593

238,977

213,201

(1)     Of which: provisions for credit losses in respect of off-balance sheet credit instruments in the amount of NIS 177 million and NIS 165 million
(consolidated) and NIS 173 million and NIS 161 million (the Bank) as of December 31, 2024 and 2023, respectively.

(2)    Of which: other assets measured at fair value in the amount of NIS 1 million consolidated and the Bank (31.12.23 – NIS 10 million
consolidated and the Bank).

(3)     Of which: other liabilities measured at fair value in the amount of NIS 1 million consolidated and the Bank (31.12.23 – NIS 11 million
consolidated and the Bank).

 

STATEMENT OF CHANGES IN EQUITY
(NIS million)

Share capital
and premium (1)

Accumulated other
comprehensive
income (loss)

Retained
earnings(2)

Total share-
holders’
equity

Non- controlling
interests

Total equity

Balance as at January 1, 2022

927

(181)

9,213

9,959

430

10,389

Changes during 2022 –

Net profit for the year

1,667

1,667

59

1,726

Dividend

(945)

(945)

(945)

Other comprehensive loss, after tax effect

(122)

(122)

(13)

(135)

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)

Balance as at January 1, 2023, following initial implementation

927

(303)

9,925

10,549

476

11,025

Changes during 2023 –

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

Changes during 2024 –

Net profit for the year

2,371

2,371

105

2,476

Dividend

(989)

(989)

(29)

(1,018)

Other comprehensive income (loss), after tax effect

(23)

(23)

3

(20)

Balance as at December 31, 2024

927

(178)

12,681

13,430

654

14,084

*       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-fourth-quarter-and-full-year-of-2024-302399621.html

SOURCE First International Bank of Israel

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First Online Conversations Are Changing in 2026, According to New Secretmeet Research

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New research from Secretmeet reveals that the classic “Hey” opener is dying out — and the way people initiate connections online in 2026 looks nothing like it did just three years ago.

GIBRALTAR, May 2, 2026 /PRNewswire-PRWeb/ — People are rethinking the first move. Not just what to say, but when to say it, how long to make it, and what emotional tone to lead with. Across the board, data from Secretmeet’s latest research study shows a clear shift in how online conversations begin in 2026.

The single-word opener? Largely gone. The copy-paste compliment? People spot it instantly. Secretmeet noted that what’s replacing them is more interesting — and more human.

The Death of the One-Word Opener

For years, “Hey,” “Hi,” and “Hello 👋” dominated opening messages on dating platforms. They required no effort and, accordingly, generated little response. According to data published by the Journal of Computer-Mediated Communication, conversational openers that include a specific reference to the recipient’s profile generate significantly higher response rates than generic greetings.

Secretmeet’s research confirms the trend is accelerating. In 2026, users who open with a question — particularly one tied to something specific in a profile — see measurably stronger engagement in the first exchange. The bar for a “good” first message has risen.

This doesn’t mean people need to write an essay. Short still works. But purposeful short beats lazy short every time.

One of the more striking findings from Secretmeet: wit is winning. Openers with a light, humorous tone — a playful observation, a self-aware joke, a clever hypothetical — are outperforming earnest, serious introductions in early conversation engagement.

The Timing Shift Nobody Expected

When people send that first message matters more than most realize. In a Secretmeet review of activity trends, data points to a notable behavioral change: users in 2026 are increasingly active during morning hours — particularly between 7 a.m. and 9 a.m. — a window that was almost entirely quiet just a few years ago.

Evening hours still dominate overall volume. But morning messages show a disproportionately high response rate. The theory? People checking their phones with coffee and no agenda are more present, less distracted, and more open to genuine interaction than those scrolling at midnight.

It’s a small tactical insight with a surprisingly large emotional implication: presence matters more than timing, and mornings are when people show up fully. Secretmeet’s data makes that case clearly.

What This Means for How We Connect

The bigger picture here isn’t about tactics. It’s about expectations. People arriving at online dating platforms in 2026 want something more immediate and more genuine than they did in 2020. The pandemic years accelerated a kind of emotional directness online — and that hasn’t reversed.

People want to feel seen in a first message. They want to laugh. They want a reason to respond. A Secretmeet review of first-message engagement data suggests that users are increasingly capable of signaling — and detecting — authentic intent right from the very first line.

The opening message has always mattered. What’s changed is how clearly people understand that now.

About Secretmeet

Secretmeet is an online dating platform built around one straightforward idea: conversations should feel good. Not stressful, not performative — genuinely enjoyable. The platform is designed for people who want warmth, a little wit, and the kind of back-and-forth that actually goes somewhere. Whether you’re looking for something serious or just a spark of something new, Secretmeet reviews its features continuously to ensure that the first message has a real chance of turning into something worth remembering.

Media Contact

Alice Ross, Secretmeet, 1 14844760121, smm@secretmeet.com, https://secretmeet.com/

View original content:https://www.prweb.com/releases/first-online-conversations-are-changing-in-2026-according-to-new-secretmeet-research-302759958.html

SOURCE Secretmeet

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IMDA and Tencent Debut “Beyond the Screen” to Champion Real-World Connection through Digital Play

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The launch is marked by the signing of an agreement between IMDA and Tencent to advance healthy digital habits and safe, responsible use of digital technologies among youths, parents, and families.

SINGAPORE, May 2, 2026 /PRNewswire/ — The Infocomm Media Development Authority (IMDA) and Tencent today jointly launched “Beyond the Screen: Healthy Digital Play”, a new digital wellbeing campaign that encourages healthy digital habits by bringing families into the conversation and strengthening real-world connection through healthy gameplay.

The campaign encourages families to bridge the gap between play and purpose through gaming. It showcases how digital play can foster deeper understanding, facilitate balanced routines, and build stronger connections at home.

“Digital spaces are already a natural part of how young people learn, play, and connect today,” said Mr Murphy Zhao, Country Manager of Tencent Singapore and Head of Tech Group, Tencent Games. “As a company with deep expertise across digital entertainment and communications, we want to play a constructive role by helping families build meaningful digital habits that extend beyond the screen.”

Advancing Family Digital Wellness In Partnership with IMDA

As part of the launch, IMDA and Tencent also signed an agreement to strengthen collaboration on initiatives in digital wellbeing. The agreement was signed by Ms Joanna Lam, Cluster Director for Digital Readiness, IMDA, and Mr Murphy Zhao, Country Manager of Tencent Singapore and Head of Tech Group, Tencent Games. The collaboration builds on Tencent’s ongoing cooperation with IMDA, in support of the national Digital for Life (DfL) movement, focusing on promoting online safety and healthy digital habits among youths, parents, and families.

Tencent will co-develop educational content with IMDA, as well as organise four community outreach activities, reaching out to an estimated 4,000 participants. The company will also commit S$ 25,000, which totals to S$ 50,000 with the government’s dollar-to-dollar matching, to the DfL Fund. The DfL Fund provides support for projects and activities promoting digital inclusion, digital literacy and digital wellness. 

“Ensuring digital wellness is increasingly important, particularly for our children who are digital natives,” said Ms Joanna Lam, Cluster Director for Digital Readiness, IMDA. “Tencent has been a DfL partner since 2022, and I thank them for their continued commitment to the DfL cause. We look forward to deepening our collaboration with Tencent to empower parents and youths with practical guidance to build healthy digital habits and navigate the digital world safely together.”

Leading the Conversation on Healthy Digital Play

The inaugural Singapore launch event was officiated by Ms Jasmin Lau, Minister of State, Ministry of Digital Development and Information, and also hosted social service organisations from Singapore, Malaysia, Thailand, Indonesia, and the Philippines. At the event, families participated in gamified quiz experiences and took home educational materials designed to transform gaming into healthier routines at home. 

The programme also featured a parenting talk that shared practical guidance on utilising games as a bridge for conversation at home. The session highlighted how, when guided by constructive routines, gaming can support the development of soft skills such as communication, teamwork, strategic thinking, and persistence.

During the event’s expert insights session, Mr Narasimman S/O Tivasiha Mani, psychotherapist and co-founder of local youth charity Impart, said, “Healthy gaming is not built through one-off rules. It grows through rapport, shared understanding, and everyday conversations. Through a collaborative process between educators, families, and the wider community, it becomes easier to set shared expectations and support balanced habits that carry beyond the screen.”

Building a Scalable Digital Wellbeing Framework for Southeast Asia

While digital habits may look different across the region, the underlying need is the same — helping families build healthier, more confident relationships with the digital world.

“Beyond the Screen” is part of Tencent’s broader commitment to fostering intentional digital play, equipping youths, parents, and educators with practical resources to build balanced routines, encourage respectful interactions, and strengthen open communication at home.

Insights from the Singapore launch will inform the rollout of the campaign across Southeast Asia in 2026, with local adaptations to meet the needs of diverse communities in the region.

About Digital for Life Movement

A Digital Future for All – In our increasingly digital world, everyone can play a part to help create a more inclusive digital future.

The Digital for Life (DfL) national movement, launched on 8 February 2021, aims to galvanise the community across the 3Ps (Private, Public and People) to help Singaporeans embrace digital as a lifelong pursuit and enrich lives through digital technology.

The DfL fund was also set up to support projects and activities promoting digital inclusion, digital literacy and digital wellness. Learn more about the DfL movement at digitalforlife.gov.sg.

About Infocomm Media Development Authority

The Infocomm Media Development Authority (IMDA) leads Singapore’s digital transformation by developing a vibrant digital economy and an inclusive digital society. As Architects of Singapore’s Digital Future, we foster growth in Infocomm Technology and Media sectors in concert with progressive regulations, harnessing frontier technologies, and developing local talent and digital infrastructure ecosystems to establish Singapore as a digital metropolis.

For more news and information, visit www.imda.gov.sg or follow IMDA on LinkedIn (IMDAsg), Facebook (IMDAsg) and Instagram (@imdasg).

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Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world. Our communication and social services connect more than one billion people around the world, helping them to keep in touch with friends and family, access transportation, pay for daily necessities, and even be entertained. Our financial technology business covers payment, credit, wealth management and insurance sectors, as we support our partners’ business growth and assist their digital upgrade through FinTech and other enterprise services. We also publish some of the world’s most popular video games and other high-quality digital content, enriching interactive entertainment experiences for people around the globe. Tencent was founded in Shenzhen, China, in 1998, and has been listed on the Main Board of the Stock Exchange of Hong Kong since 2004.

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Leading Vision Plans for Retirees (2026): VSP Vision Care Highlighted for Senior-Friendly Eye Care Benefits by Expert Consumers

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NEW YORK, May 2, 2026 /PRNewswire/ — As more individuals transition into retirement, maintaining consistent access to vision care is becoming an important part of overall health planning. A recent report by Expert Consumers examines how individual vision insurance options are adapting to meet these needs, with VSP® Vision Care Individual Vision Plans identified as a structured option for retirees seeking predictable and accessible eye care coverage.

Vision Insurance for Seniors

VSP® Vision Care – individual vision plans offering routine eye exams, eyewear allowances, and predictable costs designed to support consistent, accessible eye care throughout retirement

The report notes that while many retirees prioritize medical insurance, vision care is often handled separately. Regular eye exams and updated prescriptions are important not only for maintaining clear vision but also for identifying early signs of certain health conditions. This has increased interest in standalone vision plans that provide defined benefits without relying on employer-sponsored coverage.

Access to Individual Vision Plans

Individual vision plans are designed to give retirees flexibility and independence when selecting coverage. Providers such as VSP Vision Care offer plans that can be purchased directly and tailored to different levels of care.

Common features include:

Multiple plan options with clearly outlined benefitsCoverage for routine eye care servicesTransparent pricing structures for easier budgeting

This approach allows retirees to continue receiving routine vision services without interruption after leaving the workforce.

Preventive Care Through Routine Eye Exams

Routine eye exams are a central component of many vision plans, including those offered by VSP Vision Care. These exams are typically available with fixed copays, helping reduce uncertainty around healthcare expenses.

Eye exams also play a role in preventive care and may help detect early signs of:

DiabetesHigh blood pressureAge-related vision conditions

Including regular exams as a core benefit supports ongoing monitoring of both eye health and general health.

Eyewear Coverage and Allowances

Coverage for eyewear is another key feature for retirees. Vision plans often include allowances that can be applied toward glasses or contact lenses on a recurring basis.

Typical benefits include:

Periodic allowances for frames or contact lensesCoverage for standard and progressive lensesReduced costs for lens enhancements like anti-glaire coating and scratch resistance

These features help individuals manage the recurring need for updated prescriptions and replacement eyewear.

Cost Transparency and Savings

Affordability remains an important consideration in retirement. Structured pricing models are designed to provide clarity and predictability in out-of-pocket expenses.

Common cost features include:

Set copays for routine services like eye examsDefined allowances for eyewear purchasesDiscounts on additional items beyond standard coverage

At this stage of the analysis, Expert Consumers highlights that predictable pricing and defined savings structures can help retirees better plan their spending over time.

Additional Benefits and Ongoing Value

Beyond core coverage, many vision plans include added features that extend their value. These may include savings on lens upgrades and a worry-free eyewear guarantee through participating Premier Edge locations.

Individual Vision Plans from VSP Vision Care also incorporate these types of benefits, supporting ongoing access to vision care while helping manage costs over time.

Such features provide flexibility for retirees who may require specialized eyewear or multiple pairs of glasses.

Key Considerations for Retirees

Selecting a vision plan in retirement involves evaluating several practical factors:

The balance between cost and coverageAccess to preventive and routine careOptions in eyewear benefits

Understanding how these elements work together can help retirees choose plans that support long-term vision care needs while remaining manageable in cost.

The Expert Consumers article notes that structured vision plans with clearly defined benefits and consistent pricing can support ongoing eye care needs. Individual vision plans,such as those offered by VSP Vision Care, reflect a model focused on preventive care and cost predictability for retirees managing their healthcare independently.

About VSP Vision Care

VSP Vision Care provides members access affordable eye care and eyewear through thousands of network providers. As the only national not-for-profit company in vision care, we reinvest our profits back into the communities we serve so that everyone can enjoy a lifetime of well-being.

About ExpertConsumers.org: Expert Consumers delivers news and insights on consumer products and services. As an affiliate, Expert Consumers may earn commissions from sales generated using links provided.

View original content:https://www.prnewswire.com/news-releases/leading-vision-plans-for-retirees-2026-vsp-vision-care-highlighted-for-senior-friendly-eye-care-benefits-by-expert-consumers-302760333.html

SOURCE ExpertConsumers.org

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