Israel Discount Bank is one of Israel’s leading financial institutions, founded in 1935 in Tel Aviv. Over its history, the bank has grown from a local lender serving the Jewish community in Mandatory Palestine into a universal bank offering a comprehensive range of services. It played a pivotal role in Israel’s economic development and remains a cornerstone of the country’s banking sector.
The bank’s main business activities span retail banking, corporate and commercial lending, private banking, and asset management. On the retail side, it provides savings and checking accounts, mortgages, consumer loans, credit cards, and digital banking solutions. For corporate clients, Discount Bank offers working capital financing, trade finance, export/import services, and tailored treasury solutions. Its private banking arm caters to high-net-worth individuals with wealth planning, investment advisory, and trust services.
Israel Discount Bank maintains an extensive branch and ATM network throughout Israel, complemented by representative offices and branches in Europe and the United States. This international presence supports trade and investment flows between Israel and global markets, serving multinational corporations, institutional investors, and diaspora communities. Through its subsidiaries, the bank also delivers investment banking, insurance brokerage, and pension fund management services.
Governed by a board of directors and led by an experienced executive management team, Israel Discount Bank emphasizes risk management, governance, and technological innovation. The bank continues to invest in digital platforms and cybersecurity, aiming to enhance customer experience and operational efficiency. Its longstanding commitment to the local economy and ongoing modernization efforts underpin its position as a key player in Israel’s financial landscape.
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