Israel Discount Bank (IDB)
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.
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, די 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
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
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
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.
The bank is a member of the Tel-Aviv Stock Exchange (TASE:DSCT).
געשיכטע
Israel Discount Bank’s story parallels the history of the State of Israel; it combines pioneering idealism with the dedication and pragmatism needed to build a nation. The Bank was founded by Leon Recanati, a leader of the Zionist movement in Greece, who immigrated with his family to the small pre-State Jewish settlement in the Land of Israel. Recanati, who wanted to play an active part in the formation of this new society, quickly understood that the fledgling economy needed financing in order to grow and prosper. An experienced merchant, he chose to embark on a new path and in 1935 established Israel Discount Bank’s first office in Tel Aviv
The Bank’s first branch was opened in 1943 – in Jerusalem, with a branch in Tel Aviv established five years later. This was a period of rapid development of the Israeli economy, and Israel Discount Bank was a key player in this growth. As business grew, the Bank expanded its domestic network, acquiring controlling interest in Palestine Mercantile Bank, and later the Israel branches of Ottoman Bank
From the beginning, the Bank combined the highest professional standards with an international orientation. אין 1949, the Bank opened its first branch in Haifa, as well as its first representative office abroad – in New York. It also extended its services into Latin America, opening an office in Montevideo, Uruguay in 1958.
In Israel, the Bank was the preferred financial institution of small and medium-sized businesses and professionals. As such it enjoyed an extremely high level of customer confidence, as shown by its rapid growth in deposits and loans, which often exceeded the average rate for all banks in Israel
To finance its rapid growth, the Bank early on turned to the capital markets, making its first public offering in Israel in 1963 and in the United States in 1964.
The Bank’s New York operations grew substantially, and the representative office became a full service branch in 1962. אין 1967, after acquiring a U.S. bank, it became Israel Discount Bank of New York. Insured by the Federal Deposit Insurance Corporation (FDIC), Israel Discount Bank of New York took over the major portion of the Bank’s Western Hemisphere banking operations in 1980, and has grown to become one of the largest banks in New York State and the United States
During the next two decades the Bank continued its international expansion, opening a branch in Los Angeles, three branches in Florida, a branch in London, and representative offices in Paris, Berlin, Buenos Aires, Santiago and Sao Paulo. אין דערצו, a subsidiary of Israel Discount Bank of New York — Discount Bank Latin America — was opened in Montevideo and Punta del Este, with representative offices in Buenos Aires, Lima, Mexico City, Porto Alegre and Rio de Janeiro.
קאָנטאַקט אינפארמאציע
אַדרעס: Tel-Aviv, Israel
וועבזייַטל: www.discountbank.co.il
מאָקער: discountbank.co.il
