Tel Aviv 66550.
Tel: 972-3-9439191
website:
www.discountbank.co.ilIndustry:Finance and insuranceLocation:IsraelAnnual Revenues:$1B-Traded in:TASE, PublicUpdated:17-09-2008
The bank has branches in the settlements of Beitar Illit and Ma'ale Edomim in the West Bank. A full subsidiary of the bank, Discount Mortgage Bank, also has a branch in Ma'ale Adumim and another full subsidiary of the bank, Mercantile Discount Bank, has branches in Beitar Illit and in East Jerusalem.
The bank financed the construction of some of the building projects in the settlements of Har Homa, Beitar Illit and Ma'ale Edomim.
Additionally, the bank is the second major shareholder of Mul-T-Lock, whose factory is located in the industrial zone of Barkan, which is an Israeli settlement in the West Bank.
The bank also receives computing services from Matrix IT. It is a call center located in the settlement of Modi'in Illit. The services the bank receives from Matrix IT include the operation of the trading room of the bank.
Involved in:
Israeli Construction on Occupied LandServices to the Settlements
25% of the bank is owned by the State of Israel, 26% belongs to the Bronfman-Schron Group.
Discount Mortgage Bank and Mercantile Discount Bank are full subsidiaries of the bank. The bank also has partial ownership in Mul-T-Lock, IDB, Diners (credit cards) Israel, CAL (credit cards), First International Bank of Israel (FIBI) (26%), Har'el Insurance Invenstments (6%).
