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Israel Discount Bank is the third largest bank and a leading financial group in Israel. With nation-wide coverage and a strong and growing domestic franchise, Discount Bank provides a full spectrum of corporate and retail financial products and services to its clients, both in Israel and in key financial centers around the world.
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Domestically, the Group is comprised of commercial banks and financial services companies active in credit cards, investment banking, portfolio management, trustee services and leasing. Discount bank also holds a 26.45% equity stake in First International bank of Israel, the 5th largest bank in the country. In addition to its traditional branch system, Discount Bank is leading the retail market with new and innovative concept branches, internet and call-center based banking, and offers extended evening branch hours.
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As part of its long-term strategy, Discount Bank intends to lead the domestic retail sector in terms of improved service standards and client satisfaction, while strengthening the bank's franchise in both the corporate and middle-market sectors.
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Abroad, the bank operates through a network of subsidiaries, branches and representative offices in North America, Europe and Latin America, with a focus primarily on commercial and private banking. Israel Discount Bank New York (IDBNY) is the largest Israeli-owned bank operating outside of Israel.
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In terms of corporate social responsibility, Discount is recognized for its particularly active community involvement – bank employees volunteer extensively within the communities in which the bank operates.
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The bank is a member of the Tel-Aviv Stock Exchange (TASE:DSCT).
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