S&P World Company Profile
Israel Discount Bank Limited
(DSCT:Tel-Aviv Stock Exchange)
Company Profile
Status: Full Time Employees:
10,400
Headquarters: Year Founded:
Israel 1935
Executive Name: Executive Title:
Giora Offer Chief Executive Officer
President
Year Listed:
1996
Primary Industry:
Commercial Banks
Capital Markets
Diversified Financial Services
Israel Discount Bank provides banking and financial services in Israel and worldwide. It provides credit cards; manages securities investment portfolios for private customers, corporations, not-for-profit organizations, and institutional bodies; engages in investment banking and in securities issuance underwriting and management; and invests in private investment funds and venture capital funds, as well as offers operating services to provident funds and mutual funds. The company also offers institutional banking, including cash account management, custodian, clearing, and payment services to banks and financial institutions; private banking services, such as investment management and advisory, real estate investment, and estate planning services to high net worth individuals; and corporate banking services, comprising services relating to information, guida...

Detailed Business Summary

Investor Contact:
Barry Simon

Email:
barry.simon@discount...

Phone:
972-3-514-6593

Fax:
972-3-514-5150

Address:
23 Yehuda Halevi Street
Tel Aviv, 65136
Israel

Other Exchanges & Indices
TA25, TA100, TA Finance, TA Banking, Maala SRI
Company Timeline
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Management Discussion

Giora Ofer

President & CEO

  Israel Discount Bank is a leading financial group in Israel. With nationwide 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. As of March 31, 2010, total assets were $50.4 billion. 
  Domestically, the group is comprised of commercial banks and financial service companies active in credit cards, investment banking, portfolio management, trustee services and leasing. 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 was among the first to offer extended evening branch hours. 
  As part of its long term strategy, Discount B...

View full Message to Investors

Products
Featured Products
Instit./Private Banking
Description:
Israel Discount Bank's institutional banking services include: cash account management, and custodian, clearing and payment services to banks and financial institutions. The bank's private banking services include: investment management and advisory, real estate investment, and estate planning services to high net worth individuals; and corporate banking services.
Int'l/Private Banking
Description:
Israel Discount Bank's international private banking services include: international private banking made personal, private banking for high net-worth individuals investing in Israel, money market and term deposits, shekel investments, real estate investments, investing in global capital markets, international banking, and others.
Corporate Banking
Description:
Israel Discount Bank's corporate banking services include guidance, financing, swift execution, and follow-up of foreign trade transactions, as well as providing financing to the diamond industry and construction companies. In addition, it provides various direct banking, online banking, and Internet services.
Ownership
Top 5 Shareholders  
State of Israel20.00%
Treetops Acquisition Group LP 15.60%
Treetops Acquisition Group II LP 10.40%
Research Coverage
Joseph Wolf - Barclays Capital, Simon Nellis - Citigroup/Smith Barney, Yuval Ben Ze'ev - Clal Finance Ltd., Dan Harverd - Deutsche Bank, Terence Klingman - Excellence Nessuah Securities, Lior Rabinovich - Israel Brokerage & Investments (IBI) Ltd., Alon Glazer - Leader Capital Markets Ltd., Haim Israel - BoA Securities Merrill Lynch, Ronit Halima - Psagot Ofek Investment House Ltd., Darren Shaw - UBS Investment Bank
Corporate
Awards
View DSCT's Awards.
 
Date Name/Description
Advisors
Type Name/Company
Auditor Somekh Chaikin (member of KPMG International)
Auditor BDO Ziv Haft (member of BDO International)
Subsidiaries
Learn about DSCT's subsidiaries.
Company Profile:Website:
Privatewww.idbny.com
Headquarters:Full Time Employees:
United States789
Executive Name:Year Founded:
Reuven Spiegel1922
Executive Title:IPO Listing Date:
Chief Executive Officer
President
Primary Industry(s):
Commercial Banks
Diversified Financial Services
Capital Markets


Israel Discount Bank of New York Ltd. provides domestic and international, and personal and commercial banking services to the United States and foreign clientele. Israel Discount Bank of New York, Ltd. was formerly known as Israel Discount Trust Company and changed its name to Israel Discount Bank of New York, Ltd. in 1979.

Address:
511 Fifth Avenue

New York, NY 10017

United States

People
Key Executives
Chairman

Age:

Joseph Bachar
Chairman

Joseph Bachar serves as Chairman of the Board of Directors of Israel Discount Bank.
Chief Executive Officer & President

Age:

Giora Ofer
Chief Executive Officer & President

Giora Offer serves as President & Chief Executive Officer of Israel Discount Bank.
Executive Vice President, Chief Accountant
Yossi Beressi

Age:

Yossi Beressi
Executive Vice President, Chief Accountant

Joseph Beressi serves as Executive Vice President and Chief Accountant - Accounting Group of Israel Discount Bank.
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