Early Life
Zadik Bino was born in Iraq in 1943 to a Jewish family. He later immigrated to Israel, where he began his career in the banking sector. Very little is known about his early life.
Rise to Success
Bino's career began at First International Bank of Israel (FIBI). He rose through the ranks to become the CEO from 1978 to 1986. Two decades later, he acquired the bank, demonstrating his entrepreneurial acumen. In 1999, he purchased a 60% stake in Paz Oil Company. Bino was also involved in the purchase of the Ashdod Oil Refinery, which made Paz the first Israeli company to own a refinery.
Key Business Strategies
Bino's strategy is described as decisive and rapid, often characterized by cash acquisitions. The "Bino formula" was described as "know what you want, move fast, and pay cash". He has focused on vertically integrating his businesses. He has also demonstrated a knack for identifying undervalued assets and capitalizing on market opportunities. In 2006, Bino was named Globes Man of the Year in Tel Aviv, Israel.
Philanthropy
Information on specific philanthropic activities is limited. However, in 2013 Zadik Bino was given the honorary citizenship of Jerusalem for his contributions.
