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Additionally, Mercantile Bank was sold to Barclays-Discount Bank. [14] In 1974, the Discountomat, Israel's first ATM, was launched. [22] In 1979, Visa Cal was founded in partnership with Bank Leumi. [23] [11] In 1981, the bank's virtual branch, Discount Telebank, was established, making it the first banking call center in Israel and in the ...
On 12 February 2020, the United Nations published a database of companies doing business related in the West Bank, including East Jerusalem, as well as in the occupied Golan Heights. [1] Mercantile Discount Bank was listed on the database on account of its activities in Israeli settlements in these occupied territories, [ 2 ] which are ...
Bank Est. Remarks Arab Israel Bank: 1961: Arab Israel Bank was wholly owned by Bank Leumi and was merged into Leumi in 2016 Mercantile Discount Bank: 1971: Mercantile Discount Bank is a subsidiary of Israel Discount Bank: Bank of Jerusalem: 1963: Bank Otsar Ha-Hayal: 1946: Bank Otsar Ha-Hayal is a brand of First International Bank: Union Bank ...
The Discount Bank Tower is a skyscraper located on Yehuda HaLevi Street 23 corner with Herzl Street in Tel Aviv, Israel. Built between 2003 and 2006 and standing at 105 m (344 ft) tall with 3o floors, the tower currently serves as headquarters of the Discount Bank .
In 1949 Recanati founded a subsidiary of his family bank in New York City known as the Israel Discount Bank of New York. [3] Recanati served as the managing director of his family bank, the Israeli Discount Bank, in 1965. [6] By then, the bank had an office in New York City. [6] By 1970, he founded its investment banking subsidiary. [2]
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In addition, the bank holds a 50% stake in Bank Yahav. In 2022, it merged with the activity of Agudath Bank, acquiring 100% of the bank's shares. Fourth oldest bank in Israel is Discount Bank, founded in 1935 as "Bank Leumi Leisrael" by the Cruso, Elbow, and Recanati families.
Discount Investment Corporation was founded in 1961 as an investment vehicle of the Recanati family, which at the time were owners of the Israel Discount Bank, itself founded by the family in the 1930s after emigrating from Greece during the British Mandate of Palestine. The family business were controlled by umbrella company IDB Holding ...