October 23, 2016 4:31 PM ET


Company Overview of Israel Discount Bank Limited

Company Overview

Israel Discount Bank Limited, together with its subsidiaries, provides various banking and financial services in Israel and internationally. The company operates through Retail Banking – Household, Retail Banking - Small Business, Corporate Banking, Middle Market Banking, Private Banking, and Financial Management segments. It offers current account management services; credit products; deposits; capital market services; credit cards; loans for the purchase, lease, enlargement, renovation, or construction of a residential unit; loans for various purposes secured by a mortgage on a residential unit; professional services to small and medium businesses; financing to small businesses; and servic...

23 Yehuda Halevi Street

Tel Aviv,  


Founded in 1935

9,068 Employees

Key Executives for Israel Discount Bank Limited

Chief Executive Officer, President and Head of Asset & Liability Management Committee
Age: 46
Total Annual Compensation: 2.4M
Senior Deputy Chief Executive Officer and Head of Planning, Strategy & Finance Division
Age: 44
Total Annual Compensation: 707.0K
Deputy Chief Executive Officer and Head of Technologies & Operations Division
Age: 46
Total Annual Compensation: 662.0K
Chief Executive Officer of IDB New York and President of IDB New York
Total Annual Compensation: 2.4M
Chief Lending Officer of IDB New York and Executive Vice President of IDB New York
Total Annual Compensation: 1.8M
Compensation as of Fiscal Year 2015.

Israel Discount Bank Limited Key Developments

Israel Discount Bank Seeks To Sell Properties

Israel Discount Bank Limited TASE: DSCT) is selling five properties for ILS100 million. Sources inform Globes that after selling properties separately over the past two years, Israel Discount has now initiated the simultaneous sale of several of its properties in Tel Aviv, Jerusalem, Haifa, and Herzliya, which it plans to complete within six weeks. The most valuable property being sold is 70% of an office building on Lilienblum Street in Tel Aviv, in which part of the Israel Discount's headquarters are located, but which is slated for removal by the end of 2016. The value of the property is estimated in the tens of millions of shekels, due to its size and location. Another property marked for sale is Israel Discount's recently closed branch on Yehuda Hamaccabi Street. Another branch that has been closed and put up for sale is the Bayit VeGan branch in Jerusalem. The bank is also selling a property on Sokolov Street in Herzliya, whose area has been reduced. Also slated for sale is a large property in Haifa, Discount Bank's main branch in the city, consisting of two buildings hat were united into one.

Israel Discount Bank Limited Presents at KBW UK & European Financials Conference 2016, Sep-14-2016

Israel Discount Bank Limited Presents at KBW UK & European Financials Conference 2016, Sep-14-2016 . Venue: London, United Kingdom.

Israel Discount Bank Announces Earnings Results for the Second Quarter of 2016

Israel Discount Bank announced earnings results for the second quarter of 2016. For the quarter, the company posted a net profit of ILS 393 million for the quarter, which compares with ILS 270 million in the corresponding quarter of 2015, representing a rise of 45.6%. The bank's net return on equity in the quarter was 12.3%. Excluding the effect of the profit on the sale of Discount Bank's rights in Visa Europe and a provision at credit card unit Cal-Israel Credit Cards Ltd., return on equity was 7.4%. Net interest income in the second quarter of 2016 was up 5.5% in comparison with the corresponding quarter.

Similar Private Companies By Industry

Company Name Region
Industrial Development Bank of Israel Ltd. Middle East/Africa
Israel Bank of Agriculture Ltd Middle East/Africa
Arab Israel Bank Ltd. Middle East/Africa
Bank Massad Ltd. Middle East/Africa
Bank Otsar Ha-Hayal Ltd. Middle East/Africa

Recent Private Companies Transactions

February 2, 2016
First International Bank of Israel Ltd.
November 24, 2015
Israel Discount Bank SA

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Israel Discount Bank Limited, please visit www.discountbank.co.il. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.