January 26, 2015 8:15 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

9,877 Employees

Phone:

972 3 514 6355

Fax:

972 3 514 6287

Key Executives for Israel Discount Bank Limited

Chief Executive Officer of IDB New York and President of IDB New York
Total Annual Compensation: $2.2M
Chief Accountant
Total Annual Compensation: $1.1M
Senior Executive Vice President and Head of Banking Division
Age: 56
Total Annual Compensation: $1.1M
Chief Risk Officer
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

Israel Discount Bank Limited Key Developments

Yigal Ronay to Resign from Israel Discount Bank Limited as Executive Vice President, Head of Financial Markets Division

Israel Discount Bank Limited announced that Mr. Yigal Ronay, Executive Vice President, Head of Financial Markets Division, has given notice of his decision to resign from his position with the Bank. The termination date of his service has not yet been set. Mr. Ronay served in his position from July 3, 2011.

Israel Discount Bank Limited Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Israel Discount Bank Limited announced earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company reported profit was ILS 234 million compared with ILS 274 million a year ago. For the nine months, the company reported profit totaled ILS 591 million compared with ILS 802 million in the corresponding period of 2013, a drop of 26.3%. Excluding changes in compensation provisions due to the early retirement plan, profit in the first nine months of 2014 totaled ILS 732 million, a drop of 8.7% in profit. Net return on equity for the first nine months of 2014 was 6.3% on an annualized rate, compared with 9.0% in the corresponding period of last year, and 7.35% for all of 2013. Excluding changes to the compensation provisions, net return on equity for the first nine months of 2014 was an annualized rate of 7.8%.

Scotia Reportedly Makes An Offer To Acquire Discount Bank

The Bank of Nova Scotia (TSX:BNS) has reportedly made an offer to acquire Israel Discount Bank Limited (TASE:DSCT).

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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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