Israel Discount Bank Ltd.

Israel Discount Bank Ltd.

Israel Discount Bank Ltd.

Overview
Date Founded

1935

Headquarters

23 Yehuda Halevi Street,Tel Aviv 65136

Type of Company

Public

Employees (Worldwide)

9,407

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Israel Discount Bank Ltd. is a bank which engages in providing comprehensive banking services to its clients in areas of finance, through a network of branches in Israel, direct banking, online banking and Internet. It operates through the following segments: Household, Private Banking, Minute Businesses, Small Businesses, Medium Businesses, Large Businesses, Institutional Bodies, Financial Management, and Other. The company was founded by Leon Recanati in 1935 and is headquartered in Tel Aviv, Israel.

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Executives & Employees

Chief Executive Officer

Senior Deputy Chief Executive Officer & Head-Banking

Internal Auditor & Deputy Chief Executive Officer

Chief Accountant & Senior Deputy Chief Executive Officer

Senior Deputy Chief Executive Officer, Chief Risk Officer of Discount Group & Head, Risk Management System

Head-Business & Deputy Chief Executive Officer

Chief Legal Counsel & Senior Deputy Chief Executive Officer

Head-Planning, Strategy & Finance, Deputy Chief Executive Officer

Deputy Chief Executive Officer, Head-Human Resource & Assets

Vice President, Chief Legal Advisor & Head of Legal Advisory Division

Board of Directors

Former Chairman of the Board, Chief Executive Officer at Novolog (Pharm Up 1966) Ltd.

Chief Executive Officer & Owner at Renaissance City Park Ltd.

Former Professional at Mizrahi Tefahot Bank Ltd.

Managing Director at Blumberg Capital LLC

Former Deputy Chief Executive Officer & Head-Banking Division at Bank Leumi Le-Israel Ltd.

Former Chief Executive Officer at Phoenix Holdings Ltd.

Chief Executive Officer at Miri Katz Projects Ltd.

Former Deputy Chief Executive Officer at Mizrahi Tefahot Bank Ltd.

Director at Israel Discount Bank Ltd.

Former Professional at Elbit Systems Ltd.

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Israel Discount Bank Ltd.
Owners & Shareholders
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ASPP offers employees, self-employed individuals and employers two types of pension funds: comprehensive fund which comprises insurance coverage and features seven pension tracks and; general pension fund which allows savers to receive a monthly annuity according to their balance. They also offer several types of provident funds: provident funds for benefits and severance pay; central provident funds for severance pay and; investment provident fund.

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HPF is a conservative investment manager focused on meeting members' withdrawals over time. The firm invests in debt and equity, with a preference for debt securities. A major portion of their 'equity-oriented' portfolios remains invested in bonds.Some of the funds managed by HPF offer highly prudent tracks invested in short-term bank deposits, short-term government loans and shekel-denominated bonds as well as in bonds and commercial papers which are not index linked, excluding equity. Provident funds are generally not entitled to invest in earmarked bonds.

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Psagot Mutual Funds is an active manager which believes that informed and responsible management is based on significant and ongoing investment in research. They regularly complement their research activities using external research bodies.

Recent Transactions
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Israel Discount Bank Ltd., Mercantile Discount Bank Ltd. purchase Municipal Bank Ltd.

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Hyposwiss Private Bank Genève SA, SFM Holding SA purchase IDB (Swiss) Bank Ltd. from Israel Discount Bank Ltd.

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The Bank of Nova Scotia purchases Discount Bank Latin America SA from Israel Discount Bank Ltd.

Transaction Advisors
Legal Advisor

Advised onThe Bank of Nova Scotia purchases Discount Bank Latin America SA from Israel Discount Bank Ltd.

Legal Advisor

Advised onThe Bank of Nova Scotia purchases Discount Bank Latin America SA from Israel Discount Bank Ltd.

Advisors & Consultants
Legal Advisor

Partner at Sheppard, Mullin, Richter & Hampton LLP

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Clients

Mizrahi Tefahot Bank Ltd. engages in the provision of banking and financial services. It operates through the following segments: Household, Small Business, Private Banking, Commercial Banking, Business Banking, and Financial Management. The Household segment includes small household clients and mortgage operations. The Small Business segment provides commercial banking services to small business enterprise. The Private Banking segment offers advisory and investment management services. The Commercial Banking segment deals with private and public companies. The Business Banking segment serves large corporate customers. The Financial Management segment includes asset, liability, and portfolio management. The company was founded on June 6, 1923 and is headquartered in Ramat Gan, Israel.

Key Stats and Financials As of 2018
Market Capitalization
$17B
Total Enterprise Value
$8.6B
Earnings Per Share
$1.29
Revenue
$9.65B
Net Profit
$1.5B
Enterprise Value Sales
0.89x
Total Equity
$17.7B
Total Debt
$16.5B
TEVNet Income
5.72x
Debt TEV
1.92x
Three Year Compounded Annual Growth Rate Of Revenue
3.07%
Five Year Compounded Annual Growth Rate Of Revenue
-0.07%
Investments
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Mango DSP Ltd. is engaged in developing and manufacturing of intelligent video solutions providing video encoding appliances and intelligent video analytics. Mango DSP products lead the Intelligent video encoding server market with Multi-channel (1, 2, 4, 8, 16 and 60),Rugged, Embedded, DSP-based, Video Analytic powered appliances as well as Mango's Video Stabilization & All-in-One License Plate Recognition (LPR) solutions. The company is founded in 1996 and is headquartered in Hid Hasharon, Israel.

Investors
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Founder at Cammeby's International Ltd.

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Managing Director at ACI Capital Co. LLC

Suppliers
One Software Technologies (O.S.T.) Ltd. IT Consulting & Services | Rosh Haayin, HM

One Software Technologies (O.S.T.) Ltd. engages in provision of information technology services. It operates through the following operating segments: Software solutions and services, Computing and infrastructures solutions, Managed services, and other. The Software solutions and services segment engages in marketing, distribution and implementation of software products, and also in providing IT professional services. The Computing and infrastructures solutions segment involves in computers marketing, and in integration and implementation of solutions in computing environment. The Managed Services segment provides range of software and infrastructure services, including operation of support centers. The Other segment includes development and marketing of software products for the cellular sector. The company was founded on July 3,1973 and is headquartered in Rosh HaAyin, Israel.

Visa, Inc. Consumer Finance | Foster City, CA

Visa, Inc. engages in the provision of payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1970 and is headquartered in San Francisco, CA.

Discover Financial Services Holding Companies | RIVERWOODS, IL

Discover Financial Services is a holding company, which engages in the provision of direct banking and payment services. It operates through the Direct Banking and Payment Services segments. The Direct Banking segment offers Discover-branded credit cards issued to individuals and small businesses on the Discover Network; and consumer banking products and services, including private student loans, personal loans, home equity loans, and deposit products. The Payment Services segment includes PULSE, Diners Club, and the company's network partners business, which includes credit, debit, and prepaid cards issued on the Discover Network by third parties. The company was founded in 1986 and is headquartered in Riverwoods, IL.

Competitors
Bank Leumi Le-Israel Ltd. Retail & Commercial Banking - Tel Aviv, TA

Bank Leumi Le-Israel Ltd. is a bank. It provides banking services to customers, from households, through small and medium enterprises, to giant corporations. It operates through the following segments: Banking, Commercial, Corporate Banking, Real Estate, Capital Market, and Other. The Banking segment includes the mortgage activities and the private banking activities, and these services are to private customers and small businesses. The Commercial segment provides banking and financial services to middle-market companies and interested parties in these companies. The Corporate Banking segment provides banking and financial services to large Israeli corporations and international corporations, supporting their domestic and foreign activities. The Real Estate segment provides banking and financial services to the construction and real estate sector. The Capital Markets segment engages in the management of the Bank's own portfolio, management of assets and liabilities and management of investments in financial assets. The Other segment activities not attributed to the other business lines. The company was founded on February 27, 1902 and is headquartered in Tel Aviv, Israel.

Bank Hapoalim BM Retail & Commercial Banking - Tel Aviv, TA

Bank Hapoalim BM engages in the provision of private and corporate banking services. It operates through the following segments: Households, Private Banking, Small Business, Commercial, Corporate, Financial Management, and Others and Adjustments. The Households segment provides banking services and financial products to households. The Private Banking segment provides advanced banking services, through various channels, and financial products, including investment advisory services, to private customers of medium to high net worth in Israel and abroad. The Small Business segment provides banking services and financial products to small businesses. The Commercial segment provides banking services to middle-market business customers. The Corporate segment engages in the provision of financial services to large corporations in Israel and abroad. The Financial Management segment involves in management of market and liquidity risks, performed through proactive management. The Others and Adjustments segment includes activity in credit cards under the responsibility of other banks. The company was founded in 1921 and is headquartered in Tel Aviv, Israel.

The First International Bank of Israel Ltd. Retail & Commercial Banking - Tel Aviv, TA

The First International Bank of Israel Ltd. engages in the provision of financial and banking services. It operates through the following segments: Corporate, Private, Commercial, Household, Small Business, Financial Management, and Other. The Corporate segment provides financial services to large corporations. The Private segment provides services to Israeli and foreign resident customers with a high-medium level of financial affluence. The Commercial segment includes medium-sized customers of the Bank. The Household segment is part of the personal banking segment that includes private customers. The Financial management segment involves in market and liquidity risk management, the difference between the fair value and the accrual basis value of derivative financial instruments, and the results of nostro portfolio management activity. The Others segment includes earnings from financing operations. The company was founded in 1972 and is headquartered in Tel Aviv, Israel.

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