Company Overview of Israel Discount Bank Limited
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
Founded in 1935
Key Executives for Israel Discount Bank Limited
Chief Executive Officer, President and Head of Asset & Liability Management Committee
Total Annual Compensation: 2.4M
Senior Deputy Chief Executive Officer and Head of Planning, Strategy & Finance Division
Total Annual Compensation: 707.0K
Deputy Chief Executive Officer and Head of Technologies & Operations Division
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
Sep 25 16
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
Aug 31 16
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
Aug 15 16
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.
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