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Israel Discount Bank, Ltd. (Hebrew: בנק דיסקונט לישראל) is an Israeli banking institution that offers a range of financial services, including retail banking, commercial banking, private banking, and financial services.
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 ...
Mercantile Discount Bank (Hebrew: בנק מרכנתיל דיסקונט בע"מ) is a major commercial bank in Israel and is a subsidiary of Israel Discount Bank. It is the sixth-largest bank in Israel. [citation needed]
What is known today as IDB Bank first began in 1949 as a single representative office in New York City for Tel Aviv-based Discount Bank. The office had just a few employees and limited contact with the public. [3] In 1961, New York State law changed to allow foreign banks to operate full branches. [4]
Uri Levin (Hebrew: אורי לוין; born 1972 [citation needed]), is the CEO of Discount Bank, one of Israel's leading banks. [1] Levin is a trained pilot who served in the Israeli Air Force before building his career as a business executive.
He subsequently co-founded two more subsidiaries, the Discount Investment Corporation and the PEC Israel Economic Corporation New York. [2] He served as the chairman of the Israel Discount Bank from 1982 to 1986. [3] In 1986, Recanati was suspended for three months by the Bank of Israel over a dispute in his role in the 1983 Israel bank stock ...
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.
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.