BDI

Israel Discount Bank Ltd.

Commercial Bank

Profile

Founding Year 1935
Address 23 Yehuda Halevy St., Tel Aviv 6513601 - View Map
Phone 03-5145516
Fax 03-5172614
Email [email protected]
Social Networks
Company Website www.dbank.co.il
   

Managers

Danny Yamin, President & CEO, Israel Discount Bank Ltd.

Danny Yamin

President & CEO

Avi Levy, President & CEO, Israel Discount Bank Ltd.

Avi Levy

President & CEO

About Israel Discount Bank Ltd.


Israel Discount Bank was incorporated in 1935 in Israel as a public company under the Companies Ordinance. The Bank was established by the late Mr. Leon Recanati in the name of "Palestine Discount Bank Ltd.", in cooperation with the founders, the late Mr. Joseph Albo and the late Mr. Moise Carasso. During its years in business, the Bank has developed a chain of branches and a wide variety of commercial banking operations in all areas of banking.

Additional Senior Officers

Nir Abel

CPA, Executive VP, Chief Internal Auditor, and Head of the Internal Audit Division

Assaf Eldar

Executive VP, Head of the Banking Division

Joseph Beressi

CPA, Senior Executive VP, Chief Accounting Officer, and Head of the Accounting Division

Hila Eran-Zick

Senior Executive VP, Head of Corporate Division

Orit Caspi

Executive VP, Chief Risk Officer, and Head of the Risk Management Division

Hagit Meiroviz

Executive VP, Head of the Human Resources Division

Nitzan Sandor

Lawyer, Executive VP, Chief Legal Adviser and Head of the Legal Advisory Division

 Barak Nardi

Executive VP, Head of the Discount Holdings Division

Elad Fischer

Executive VP, Head of the Financial Markets Division

Assaf Pasternak

Executive VP, Head of the Strategy and Finance Division

Efrat Keinan

Executive VP, Head of the Operations and Properties Division

 Adi Kaplan

Executive VP, Head of the Technologies Division

The Bank is implementing the strategic plan for the Discount Group for the years 2021-2025, aimed at realizing an ambitious vision of being the best financial institution for its customers, producing maximum value for shareholders over time. The strategic plan is made up of three central pillars: Accelerated evolution of traditional banking, revolution in banking through groundbreaking innovation and maximizing the value of the Group. All this while continuing to establish the capital, technological and human infrastructure, which will enable future growth.
In 2023, the Bank adopted an environmental, social and governance (ESG) strategy that is focused on three central subjects: social mobility and financial inclusion, varied and egalitarian employment and green future. Also determined were performance indices and goals for the year 2030.

Customer and Community Support during the War
The “Iron Swords” War broke out on October 7, 2023, following a surprise attack by the Hamas terror organization and its collaborators. Concurrently, immediately following the outbreak of the War, the Bank has made preparations for the support of customers, suppliers, the community and employees. The Bank has approved a series of relief measures in the credit and financial solutions applying to all its customers in the household segment and small business segment, and specifically to customers who are residents of the conflict zone in the South, in the North and to different security forces. Additionally, the Bank has formed a support and relief package for customers both within the framework of the outline published by the Bank of Israel, as well as within the framework of additional relief measures determined by the Bank in addition to the said outline and especially the extension of the outline period to 6 months, instead of 3 months in the Bank of Israel’s outline. Furthermore, an outline for the support of customers of the medium and large businesses segments has been approved, which included deferral of payments in banking loans and loans guaranteed by the State, for a period of three months.
The Bank and its employees came to the assistance of the community in general and to residents of the South in particular. Alongside the specific and immediate assistance provided to the different factors, the Bank has transferred significant contributions to the resilience centers in the communities surrounding the Gaza Strip, for hospitals, for the communities surrounding the Gaza Strip, for IDF units that the Bank has adopted, and for others. In addition, the Bank has funded hotel rooms in central Israel for families that had been evacuated from the South. Alongside the financial assistance provided by the Bank, employees of the Bank volunteered for different and various voluntary activities.
The central support project is the establishment of the “Keren Or” Foundation – designated to assist children and youth of the conflict zone harmed during the War. The Foundation, established by Discount Bank and MDB, will have a capital of at least NIS 50 million, and will operate to provide a wide scope and long-range holistic response to the needs of children and youth, recuperating their young bodies and souls, with a view of recovering their personal and communal sense of security.
The Bank’s financial base and capital infrastructure are stable and are diligently managed, enabling the Bank to cope with the implications of the War and persist in the Bank’s commitment in supporting customers and their credit needs, both during the War and on the “day after”.

Discount Group Activity
Holdings include Mercantile Discount Bank (MDB), specializing, inter alia, in services and products for small-businesses, households and local authorities; the credit card company ICC, in which the Bank holds 71.8% of the equity; Discount Capital, the Group’s non-financial investments arm, active in the field of non-financial investments, investment banking, and underwriting; Tafnit Discount Asset Management; and two companies in the Digital Financial Services field: PayBox, in which the Bank owns 50.1%, and Greenlend, in which the Bank owns 70%. The Group operates abroad through IDB Bank, the largest Israeli Bank operating overseas with branches in the New York area, Florida and California, focusing on the business-commercial sector and private banking.
Discount Bank is a public company, traded on the Tel Aviv Stock Exchange. All equity of the Bank is held by the public (having no core controlling interest). The Discount Group offers its customers comprehensive bank services through 173 branches1 in Israel.
In 2023 Discount Bank and MDB completed the transfer of its headquarters to the Discount Campus in Rishon Lezion.

There Are Five Main Segments of Operation:
Household segment – This segment consists of the private customers of the Discount Bank and MDB. Available to them is a nationwide network of branches, a call center that also handles written inquiries, and leading digital channels. Also available to customers are professional consulting layouts, including: mortgage consulting, investment consulting at the investment centers and at the private banking centers, and pension advisory.
Small and Minute businesses segment – The service to the customers of the segment is provided in the Bank’s branches through business banking teams, who provide a “one stop shop” service for all their business and private activities. Additionally, customers enjoy a designated website, SMS services, and a unique “business key” credit card that rewards home and business purchases. The customers have a range of attractive financing channels, small business funds to finance investment and growth, and a designated dealing room that provides various tailored foreign-currency services.
Medium businesses Segment – The segment comprises companies with a medium sales turnover. It also includes customers of MDB and commercial banking customers of IDB Bank. Service to customers of this segment at Discount Bank is provided at five business centers located around the country, by expert business teams that include: the business center manager, customer relations managers, economists, credit coordinators and a support team. Such team provides a variety of qualitative and professional banking services, which include modification of the banking products to the total financial needs of customers in the fields of credit and guarantees, currency hedge, international trade, financial instruments activity, credit card clearing, and qualified investments in the capital market, factoring, and more. Alongside this wide array of services, the Bank offers solutions for the financial requirements of company owners and managers, as well as unique arrangements for their employees. Discount Tech Section offers Israeli hi-tech corporations modified services and products, as from the “seed” stage to the “hyper growth” stage. The Section offer a “One Stop Shop” by means of a business team that specializes in this field.
Large businesses Segment – Within this segment are included large business customers, financial institutions, institutional customers and capital market operators at Discount Bank and customers of the corporate banking segment of IDB Bank. The financial accompaniment of the large corporations is conducted by means of teams of business managers and product experts from the business layout of the Corporate Division. The teams are composed of a business manager, customer relations managers and business supporters constituting an address for all financial needs of the corporate customer, including creative financial solutions and advanced banking products modified to the needs of the customer, this in the fields of credit and deposits, currency hedge, international trade, factoring, clearing of credit cards, qualified investments in the capital market, and more. The teams are split according to specialization in different economic sectors: industry, tourism, investment funds and finance, commerce, transportation, public institutions, financial corporations, off-banking finance of different types, communication companies, complex finance of foreign trade and financing of debtors (foreign and local), dealing with complex transactions regarding investment in national infrastructure projects, and more.
Institutional customers and capital market operators obtain credit allocation and ancillary services – brokerage, lending of securities, OTC, deposits and more.
Customers engaged in the real estate sector obtain service from the real estate Subdivision and the commercial Subdivision of the Corporate Division. These Subdivisions specialize in providing designated response both to large corporations and to middle market companies engaged in entrepreneurship and investments in the local residential real estate market and in the income generating real estate market. The services offered include: financing of real estate transactions in all segments – financing the purchase of land, financing of building projects, demolition and construction, income generating property, residential property for leasing, and the Encouragement of Capital Investments Law.
Financial solutions that are available to customers from all segments include also organizing of syndication transactions in participation of institutional investors and banking factors.
Private banking Segment – This unique segment includes private banking customers of Discount Bank, Israelis, and foreign residents with financial wealth. The segment also includes the private banking customers of IDB Bank. Service to Discount’s Israeli customers is provided at four designated private banking centers. Customers with financial wealth are provided a comprehensive service by bankers and consultants who specialize in this segment. Consultation services are offered to customers of medium financial wealth by the Bank’s consultants in the investment segment at four centers and six extensions spread throughout Israel. An international private banking center also operates. Customers enjoy a personal service available during exceptionally long business hours.

Fintech and Innovation
The Bank adapts itself to the dynamic world and actively creates innovative banking models to provide customers with advanced services tailored to their needs. In this framework, the Bank continues the development and promotion of collaboration with Fintech companies and the integration thereof in value offers to customers.

Involvement and Contribution to the Community
Since its establishment, the Bank has aided the community as part of its business, social and cultural commitment. The Bank focuses its activity on social mobility – the support of the social and geographic peripheral areas in Israel through education, learning, and the encouragement of work in employment-challenged segments. Many employees take part in different voluntary activities. “Sprint Discount” is the flagship project, which the Bank has been supporting for 17 years; within the framework of this project, the Bank collaborates with the “Sprint for the Future” Association. The Association initiates and runs unique and innovative programs to promote education and learning for personal development and socio-economic mobility, aimed at weaker populations from all segments of society, and takes active steps to integrate them in academic studies, in employment and in Israeli society. MDB also participates in the activity of the Association, contributing every year tens of scholarships for academic studies to students belonging to the Arab community.

1 Data as of September 30, 2023 – 100 branches of Discount Bank and 73 branches of MDB
* PHOTOGRAPHY Rami Zarneger ADVERTISING Adler Chomsky

You may also like


ranking of leading urban renovation companies in Israel

ranking of leading urban renovation companies in Israel CofaceBdi 2017 To continue reading the article in Hebrew

יחסי שליחות בדיני המס

יחסי שליחות מתקיימים כאשר צד א’ – השולח, המייפה את כוחו של צד ב’ – השלוח, לפעול בשמו ובעבורו. כך לדוגמא, במקום בו אייל לא מעוניין כי ידעו כי הוא בעל מניות בחברה, הוא מבקש מדודי להחזיק את מניותיו בעבורו.
מוסד השליחות הוסדר בישראל במסגרת חוק השליחות, תשכ”ה-1965 (להלן: “החוק”) . החוק קובע בין היתר כי כל פעולה משפטית שאין הכרח מהותי או חובה על-פי דין לבצעה באופן אישי, כשרה לשמש כנושא לשליחות.

Big Data and Privacy- Risks and Rewards

Adv. Yoheved Novogroder-Shoshan (Hi-tech Partner) and Adv. Miriam Friedmann (Hi-tech Associate) “Information is the oil of the 21st century, and analytics is the combustion engine.” Peter Sondergaard. One of the most significant commodities of our era is data. The availability and novel methods of processing data has enabled medical practitioners to take tremendous strides in […]

Which company Israelis think it is best to work for?

Which company Israelis think it is best to work for? Every year, as in the last 13 years, we perform the employees survey among tens of thousands of employees in Israel with the aim to analyze their satisfaction from their workplace and in parallel to examine what is important to the Israeli worker about his […]