Israel Discount bank is one of the largest commercial banks in Israel.
Israel Discount bank provides financial accompaniment for construction projects in the occupied Palestinian territory.
Israel Discount Bank is accompanying a project of the Israeli construction company Dona Engineering and Construction to build 100 housing units in the west of Gilo settlement neighborhood in occupied East Jerusalem.
Israel Discount Bank is accompanying a three-stage project of 165 housing units by the Israeli construction company Dona Engineering and Construction in the south of Neve Ya’akov settlement neighborhood in East Jerusalem. The project is part of Municipal Zoning Plan 6513 (see photo).
Israel Discount Bank accompanied the third stage of the Amirei Nof project in Alfei Menashe in the occupied West Bank. The project of 70 housing units was built by the Israeli construction company Z.M.H Hammerman and was completed in early 2016. The project was executed according to Local Outline Plan 115/8/1, which grants additional authorities for the construction and design of the area of Givat Tal, on the lands of the Palestinian village Azzun.
The bank’s fully owned subsidiary, Mercantile Discount Bank, also accompanies construction projects in the occupied Palestinian territory.
Mercantile Discount Bank is accompanying a project of the Israeli construction company A. Hezi Building and Investments to build 36 housing units in Gilo Hillsides West in East Jerusalem.
Mercantile Discount Bank provides financial accompaniment to two housing projects in the settlement of Ariel in the West Bank that are currently under construction and another project that was completed in 2015:
– Mercantile Discount Bank is accompanying the third stage of the Green Ariel project, which is being built by Kachan Investments Company and includes 50 housing units and a commercial center in the southeast of Ariel. Stage C of the Green Ariel project is built according to Local Outline Plans 130/2/3 and 130/2/3/1, which refer to land belonging to the Palestinian village of Salfit.
– Mercantile Discount Bank is accompanying the 18 housing units project “The House in Ariel by the University”, which is being built in southeast Ariel by the Israeli company S.A.G (Valul) Building & Development. This project is executed in the framework of Local Outline Plan 130/2/3, which refers to the land of the Palestinian village Salfit. This project is due to be completed in June 2017.
– Mercantile Dicount Bank accompanied the 51 housing units project “The House in Ariel” of the Israeli conpany S.A.G (Valul) Building & Development in the south of Ariel. The project that was completed in 2015, was executed under Local Outline Plan 130/2/4, which refers to the land of the Palestinian villages Salfit and Marda.
The Mercantile Discount bank extended credit to the Israeli construction company Kotler Adika to purchase an area of 2,268 m2 in the Mishor Adumim Industrial Zone and a build structure on this land.
Mercantil discount bank provided a mortgage for a homebuyer in the settlement of Beitar Ilit (from 2009)
Israel Discount bank provides loan to regional councils of settlements:
A loan of NIS 1.5 million granted to Gush Etzion Regional Council in May 2016.
A development loan for 10 years granted to Gush Etzion Regional Council in June 2015.
A loan of NIS 6 million granted to the Gush Etzion Regional Council in July 2014.
Mercantile Discount Bank also granted two loans to Har Hevrom Regional Coucil: a loan of NIS 4.8 million for construction of education facilities and other projects in March 2016 and a loan of NIS 2.42 million for refurbishment of 11 security vehicles in the council’s settlements in March 2016.
Mercantile Discount bank also operates an account for Har Hevron Regional Council with an initial deposit of NIS 140,000.
Israeli Discount bank has branches in the settlement of Ma’ale Adumim in the West Bank and in the settlement neighborhood of Ramat Eshkol in East Jerusalem. The bank also operates a branch on Sultan Suleiman Street, in a Palestinian neighborhood of East Jerusalem.
Mercantile Discount Bank has branches in the settlement of Beithar Illit and in in the settlement neighborhood of Ramot. The bank also operates a branch on Salah ad-Din Street, in a Palestinian neighborhood of East Jerusalem.
The banks’ subsidiary, Jerusalem Capital Books Management, is partially owned by the settlement of Efrat.
Click here to read a full report about the involvement of Israeli banks in the Israeli settlements enterprise from February 2017.
Click here to read a full report about the involvement of Israeli banks in the Israeli occupation from October 2010.
The bank’s major shareholders include: Harel Investments; Meitav Dash Investments; Psagot Investment House; Clal Insurance; Phoenix Holdings; Excellence Investments; Menora Mivtahim Investments; Migdal Insurance and Financial Holdings; Norges Bank Norway (2.61%).
Chair of directors: Joseph Bachar
President and CEO: Lilach Asher-Topilsky
Mercantile Discount Bank (100%); Discount Leasing (100%); Israel Discount Capital Markets & Investments (100%); Discount Manpikim (100%); Diners Club Israel (100%); C.A.L (Financing) (100%); Israel Credit Cards (71.8%).
Discount Bancorp US (100%); Bank of New York Israel Discount – US (100%); IDBNY Realty Delaware – US (100%); IDB Realty – US (100%).
Discount Bank owns 1.09% of Leumi Bank through Discount Trust.
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.
All the information contained in this page is valid until Wed 01/02/2017