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22 September 2008
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ISRAEL DISCOUNT BANK DIVIDEND PAYMENT OF NIS 250 MILLION TO HOLDERS OF ORDINARY "A" SHARES
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Tel-Aviv, Israel – September 22, 2008 – Israel Discount Bank Limited (TASE:DSCT) (“the Company”), Israel’s third largest bank, announced today that the Special General Meeting of Shareholders held on September 22, 2008, approved the distribution of a cash dividend to holders of Ordinary A' shares of the Bank in the total amount of NIS 250 million, constituting approximately 25.5 agorot per share of NIS 0.1 nominal value (255%).
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The dividend will be paid to holders of Ordinary A shares of the Bank who are recorded in the Register of Shareholders of the Bank at the close of business October 6, 2008 (the "Record Date"); the "Ex-Dividend" date will be October 7, 2008, and the payment date of the dividend will be October 23, 2008. Taxes on the said dividend will be deducted at source, in accordance with the law.
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About Israel Discount Bank
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Israel Discount Bank is the third largest bank and a leading financial group in Israel. With nationwide coverage, and a strong and growing domestic franchise, Israel Discount Bank provides a full spectrum of corporate and retail financial products and services to its clients, both in Israel and key financial centers around the world. Israel Discount Bank is a member of and is traded on the Tel-Aviv Stock Exchange under the ticker DSCT. For additional information, please visit the Company’s investor relations website at www.discountbank.co.il/IR
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Investor Relations Contact
Barry Simon
Investor Relations
Tel: +972 3 5146593
barry.simon@discountbank.co.il
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