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April 19, 2015 1:33 AM ET

Banks

Company Overview of Israel Discount Bank Limited

Company Overview

Israel Discount Bank Ltd., together with its subsidiaries, provides a range of corporate and retail financial products and services in Israel and internationally. It offers current account management; deposits; loans for the purchase, lease, enlargement, renovation, or construction of a residential unit; and loans for various purposes secured by a mortgage on a residential unit. The company also provides financing to foreign trade activity and the trading desk, investments for maintaining and expanding activity, acquisitions and mergers, and for credit to capital market operators; participates in credit and/or risk offered by the local banks or foreign financial institutions extending credit...

31 Yehuda Halevi Street

Tel Aviv,  

Israel

Founded in 1935

9,215 Employees

Phone:

972 3 514 6355

Fax:

972 3 514 6287

Key Executives for Israel Discount Bank Limited

Chief Executive Officer, President, Head of Asset & Liability Management Committee and Head of Group Committee for Assets & Liabilities Management
Age: 44
Total Annual Compensation: $2.0M
Chief Financial Officer, Head of Planning, Strategy & Finance Division and Senior Executive Vice President
Age: 42
Total Annual Compensation: $707.0K
Head of Technologies & Operations Division and Executive Vice President
Age: 44
Total Annual Compensation: $662.0K
Chief Executive Officer of IDB New York and President of IDB New York
Total Annual Compensation: $2.2M
Chief Executive Officer of Discoun Bank Latin Ameriaca and President of Discoun Bank Latin Ameriaca
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2014.

Israel Discount Bank Limited Key Developments

Israel Discount Bank Limited Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Israel Discount Bank Limited announced earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of ILS 5 million and return on equity of 0.2%. Net interest income was ILS 1,039 million, a reduction of 2.1% compared to third quarter of 2014. For the year, the company reported net interest income of ILS 4,218 million against ILS 4,250 million a year ago. Income before taxes was ILS 937 million against ILS 1,171 million a year ago. Net income attributed to bank's shareholders was ILS 596 million against ILS 874 million a year ago. Net return on equity attributed to the bank's shareholders was 7.2% against 7.3% a year ago. Net interest income for 2014 decreased by 0.8% over 2013, was mainly due to lower interest rates and CPI, which were partially offset by the growth of credit.

Israel Discount Bank Limited, 2014 Earnings Call, Mar 09, 2015

Israel Discount Bank Limited, 2014 Earnings Call, Mar 09, 2015

Israel Discount Bank Limited, Special/Extraordinary Shareholders Meeting, Mar 31, 2015

Israel Discount Bank Limited, Special/Extraordinary Shareholders Meeting, Mar 31, 2015., at 12:00 Israel Standard Time.

Similar Private Companies By Industry

Company Name Region
Bank Massad Ltd. Middle East/Africa
Banque Privée Edmond de Rothschild S.A., Israel Branch Middle East/Africa
Israel Bank of Agriculture Ltd Middle East/Africa
Arab Israel Bank Ltd. Middle East/Africa
Citi International Personal Bank (Israel) Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 17, 2014
First International Bank of Israel Ltd.
Merger/Acquisition
September 15, 2014
First International Bank of Israel Ltd.
Merger/Acquisition
September 3, 2014
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