Group Structure

Discount Group is a universal group that offers its customers comprehensive banking services in Israel and abroad, in all areas of financial activity. Operations in Israel are focused on credit cards through the Cal Company, investments through Discount Capital Markets, portfolio management through the Tafnit Company and the realm of trust funds through its subsidiary Discount Trust.
International operations are focused on business activities and on private banking, and are carried out mainly through its subsidiary IDBNY and representatives in Switzerland.
To view the Discount Bank holdings structure, click here

Additional details on Discount’s main banking companies:

Activity in Israel:

Mercantile Discount Bank Ltd.

Mercantile Discount Bank is among the oldest banks in Israel and has been in existence for about 100 years. Since 1993, the Bank is wholly owned by Discount Bank. It is a commercial bank that operates through 80 branches throughout the country, in cities and especially in the outlying areas. The Bank has a concentration of branches in target sectors - the northern sector and the ultra-orthodox sector.
The Bank specializes, among other things, in the commercial activity of small and commercial businesses, including the provision of financing from state-guaranteed funds.
For the Mercantile Discount Bank website, click here ˃

Israel Credit Cards Ltd. (Cal)

The Bank has holdings of 71.8% in Israel Credit Cards Ltd. (Cal) and 51% of Diners Club Israel Ltd., who issue and market Visa, Diners and MasterCard credit cards for domestic and overseas use. The company offers a wide range of issuance services, clearing and payment solutions for more than two million credit cards and tens of thousands of businesses in Israel.
As of December 31, 2014, the Bank held 71.8% of the capital and 79.0% of the voting rights in Cal. The First International Bank held the remaining rights in Cal at that time.
For the Cal website, click here ˃

Discount Capital

The company is engaged in investment banking, investing in private funds, venture capital funds and other real investments. DCM is also engaged in the distribution of securities and in securities issuance underwriting and management through a subsidiary.
The company is wholly owned and controlled by the Bank.
For the Discount Capital website, click here ˃

Discount Trust Ltd.

Discount Trust Ltd. was founded in 1944 and is one of the oldest trust companies.
The company is a wholly owned subsidiary of Discount Bank and is defined as an “auxiliary banking corporation”.
The company team includes lawyers and financial experts and uses the consulting and implementation services of experts in their fields. The Trust Company offers business and private clients a varied range of services at a high quality level of service while strictly safeguarding the client’s interests.
The Company offices are located at 52 Menachem Begin Road, 19th floor, Tel-Aviv.
We will be happy to assist you:

• Telephone: 03-7917422
• Fax: 03-5618948
• Email: trust@Discountbank.co.il

Tafnit Discount Asset Management Ltd.

The company was founded in 1987 and is wholly owned by the Discount Bank Group.
Tafnit specializes in the management of investment portfolios in Israel and abroad for a wide range of clients including private clients, Israeli and foreign residents, public and private companies, non-profit organizations, government based companies, associations and many other corporations.
The Company’s main office is located in the Azrieli Center, Square Bldg., 28th floor, 132 Menachem Begin Road, Tel-Aviv.
The Company has 2 branches, in Jerusalem and in Haifa.

• Telephone: 076-805-2222
• Fax: 03-560-0756
• Visit our Website

International Activity

Discount Bank Group's operations abroad are mainly carried out through its subsidiary "Discount Bancorp Inc.", which owns banks and representative offices in America and Latin America and a subsidiary in Switzerland.
The international activity is characterized by commercial business activity and by private banking.

Discount Bancorp.inc

A subsidiary fully owned and controlled by the Bank, it is a bank holding company incorporated under the laws of the state of Delaware. Bancorp holds full ownership and control of IDB New York.

IDB New York

IDB Bank, a wholly owned subsidiary of the Discount Group, is a leading American commercial and private bank that has been operating in the United States since 1949. Today, it is the only U.S. bank under Israeli ownership, serving companies, entrepreneurs, families, and individual clients across the United States and around the world.
IDB Bank offers a comprehensive range of banking and financial solutions, including commercial banking and lending, cash management and treasury services, private banking, and wealth management. The Bank operates in key business centers across the United States, including New York, New Jersey, Florida, and California.
As part of the Discount Group, IDB Bank has unique expertise in supporting Israeli companies, entrepreneurs, and families that operate in or are expanding into the U.S. market. The combination of a local presence in Israel, deep familiarity with the Israeli market, and IDB Bank’s banking capabilities in the United States enables clients to benefit from a direct connection between Israel and the U.S., as well as solutions tailored to their specific needs.

IDB Bank Representative Office in Israel

The Israel Representative Office serves as a local point of contact for clients interested in banking activities in the United States. It works closely with IDB Bank’s professional teams throughout the U.S. and with Israel Discount Bank in Israel.

Shimi Barazany
Head of the IDB Bank Representative Office in Israel
Alrov Tower
3 Shadal Street
Tel Aviv, Israel
Phone: +972-3-7737400
Mobile: +972-52-8465441
Email: sbarazany@idbny.com
Visit IDB Bank’s Website