Discount Bank
Discount Bank · 48 stories
Buyme Holiday Ad, Featuring Content Creator, Tops Favorite Commercials List
Buyme's holiday ad, created in-house with content creator Lial Eli, has been named the most favored commercial. Discount Bank's Rosh Hashanah ad remained the most remembered, whil…
Israeli Real Estate Market Sees High Demand, Investment Firms Eyeing Opportunities
The Israeli real estate market is booming with high demand for apartments. Investment firms are also active, with Yelin Lapidot reportedly for sale. The financial sector sees lega…
Trump Predicts Iran War End Post-November Elections
Former US President Donald Trump predicted that any war with Iran would end immediately after the November congressional elections. The article also covers various Israeli economi…
Discount Bank Accused of Withholding Information in Legal Bid to Halt Cal Sale
Discount Bank is accused of "chutzpah" for allegedly withholding key information in its legal attempt to block the sale of Cal. The bank's demand to cancel the sale was reportedly…
Discount Bank Warns Credit Card Firm Sale May Collapse
Discount Bank is threatening to cancel its NIS 4 billion deal to sell its credit card company, Cal, to the Union Group and Harel Insurance, citing regulatory delays and potential…
Discount Capital Invests $11 Million in Brand's Natan Company
Discount Capital is investing NIS 41 million in Haim Brand's Natan company, causing its stock to jump 11%. The article also covers Energean's gas sale agreement and potential stak…
Israel Faces Climate Future, Needs Risk Management
Israel faces significant environmental challenges, particularly drought, and requires a proactive, long-term strategy for climate risk management rather than relying on short-term…
Credit Card Companies Ignite Fierce Competition in Israeli Market
Israeli credit card companies are engaged in a fierce battle for customers, spurred by acquisitions and strategic moves, ten years after legislation aimed to increase financial co…
Discount Bank Predicts Interest Rate Cut in Israel by November
Discount Bank's economic forecast suggests Israel's interest rate will be cut again by November to 3%. This follows a recent 25 basis point reduction to 3.25% by the Bank of Israe…
BDO Academy Launches Management Training Program with Scholarships for Veterans
BDO Academy has launched a new management training program called "Business First" for new managers and entrepreneurs, featuring industry leaders and AI integration. The program a…
US Bond Yield Surge Threatens Stock Market With Potential 20% Correction
Rising US Treasury bond yields, driven by persistent inflation and increased government and corporate borrowing, are posing a significant risk to the stock market. Analysts warn o…
Israel Allows Mobile Deposits for Post-Dated Checks
Israel's Bank of Israel has launched a new mobile service allowing customers to deposit post-dated checks via banking apps. This feature enables deposits of checks up to 100,000 s…
Global Markets React to Fed Rate Hike Speculation, Geopolitical Tensions
Global markets are reacting to shifting expectations on US Federal Reserve interest rates and geopolitical events. Wall Street closed higher on reduced rate hike odds, while Asian…
Author Criticizes Misuse of Esther Story in Politics
Author Leonard Grunstein criticizes the political misuse of the biblical story of Esther, arguing that her legacy of self-sacrifice to protect Jews is being distorted by politicia…
Rotem Sela's Discount Bank Ad Tops Israeli Ad Recall List
Rotem Sela's advertisement for Discount Bank has been named the most memorable ad in Israel. Other notable ads included those from Bank Hapoalim, Isracard, and the Ministry of Tra…
US Downplays Iran Tensions, Presses Sanctions Amid Regional Developments
US President Donald Trump is downplaying Iran tensions and urging Israel not to worry, while the US pursues economic sanctions against Tehran. Regional developments include a Pale…
Shikun & Binui Stake Sold for $120 Million, Stock Dips
Businessman Moty Seidof sold 4% of his stake in Shikun & Binui for NIS 450 million, causing the company's stock to drop 4%. In other financial news, Discount Bank raised EUR 500 m…
Businessman Fails to Pay for Shares After Company Takeover
Businessman Hertztik has not paid for shares allocated to him a year after taking over Exillion. In separate financial news, Discount Bank raised 500 million euros in bonds, and t…
Discount Bank Raises Half a Billion Euros in Landmark International Bond Offering
Discount Bank successfully raised 500 million euros in its first international offering of mortgage-backed covered bonds, attracting significant demand and achieving higher credit…
Communications Minister Questioned Hot Mobile Sale Over Channel 14 Ads
Communications Minister Shlomo Karai reportedly asked about advertising on Channel 14 just before the sale of Hot Mobile. The article also includes unrelated financial and cultura…
Israeli Banks Threaten to Sever Ties With Palestinian Authority Over Terrorist Funding
Israeli banks threatened to cut ties with the Palestinian Authority over alleged funding of terrorists. A three-month reprieve was granted for the PA to meet strict conditions, in…
Electricity Crisis Threatens Israel's Data Centers Amid AI Boom
Israeli energy sector leaders warned at a conference that a halt on new data center electricity connections poses an existential threat to the country's economic and security stan…
Singer Vows Full Prosecution in SIMD Investigation
Spi Singer, Director General of the Ministry of Interior, pledged to prosecute those responsible in an ongoing investigation into the Population and Immigration Authority. The art…
Pension Fund Returns Outperform Fees, Potentially Adding Millions
A Discount Bank simulation shows that a 1% higher annual return in a pension fund can result in NIS 1.34 million more at retirement compared to lower returns, even with management…
Discount Bank Funds PowerGen's Renewable Energy Projects with NIS 1.1 Billion
Discount Bank has granted PowerGen NIS 1.1 billion in financing for the establishment of renewable energy projects. This funding aims to support the development of clean energy fa…
Israel Delays Banking Cutoff With Palestinian Banks Until End of 2026
Israel has delayed its planned cutoff of banking relations with Palestinian banks until the end of 2026, transferring the responsibility of finding a long-term solution to the nex…
Israeli Shekel Weakens Against Dollar After Interest Rate Cut
The Israeli shekel weakened against the US dollar following the Bank of Israel's interest rate cut, amidst rising global tensions and mixed economic indicators. Experts suggest fu…
Israel's Competition Authority Sets Strict Terms for Cal's Acquisition
Israel's Competition Authority has set strict conditions for the acquisition of Cal credit card company, primarily due to concerns over conflicts of interest related to the buyer'…
Tel Aviv Security Guard Recounts Violent Robbery by Teenager
A 66-year-old Tel Aviv security guard, Andy Spitzer, was choked and robbed of his phone by a minor who threatened passersby. The suspect was arrested shortly after the Sunday nigh…
Israeli Financial Stocks Soar, But Can the Rally Continue?
Israeli financial sector stocks, including banks, insurance companies, and investment houses, have seen dramatic gains over the past three years, driven by a massive increase in m…
Qualitau Shares Drop in Tel Aviv Despite Profit Rise and Dividend Announcement
Qualitau’s stock dropped 3% in Tel Aviv after reporting a 67% net profit increase driven by financing income, despite a 2.6% operating profit decline. The company announced a divi…
Tadiran CEO Highlights Generous Employee Bonuses Amid Real Estate Market Challenges
Tadiran’s CEO announced a large one-time employee bonus linked to its IPO, significantly impacting Q2 profits. Despite a challenging real estate market, the company remains optimi…
Etti Elishkov Builds Libra Insurance After CEO Appointment Falls Through
Etti Elishkov, after a last-minute cancellation of her CEO appointment at Ayalon Insurance in 2017, founded Libra Insurance, which grew rapidly and is now valued at one billion sh…
Investment Chief Sees US Bond Yields as Key Market Challenge, Recommends Diversified Portfolios
Eytan Lipkovich, CEO of Horizon Investment House, warns that rising US long-term bond yields pose significant risks to global and Israeli markets but sees current pessimism as a b…
Retired Brigadier General Ofer Winter to Launch New Political Party with Significant Financial Backing
Retired Brigadier General Ofer Winter is launching a new political party named "My People Live Forever," backed by significant financial guarantees and donations, including suppor…
How Israeli Banks Price Mortgage Interest Rates and Explain Rate Differences
Israeli banks price mortgage interest rates based on borrower risk, funding costs, and competition across mortgage tracks, leading to rate differences. Mizrahi-Tefahot has the hig…
Israel's Competition Authority Faces Year-Long Delays in Approving Complex Mergers
Israel's Competition Authority approves most mergers quickly but takes up to a year for complex cases involving significant competition concerns. Prolonged reviews, such as the on…
Discount Capital Invests 80 Million Shekels in Alumenergy Ahead of Tel Aviv Stock Exchange Opening
Discount Capital invests 80 million shekels for a 16.5% stake in Alumenergy, valuing it at 406 million shekels. Azorim reports increased apartment sales and revenue in Q2. Tel Avi…
PayBox Raises Payment Limits and Enables Group Admin Transfers to Boost App Usage
PayBox has increased monthly payment limits per card to 10,000 shekels and now allows group admin transfers. The app sees rapid group creation and significant payment volumes but…
Oranim Group Plans 600 Million Shekel Debt Offering in Tel Aviv to Replace Bank Loans
Oranim Group is launching a 600 million shekel bond offering on the Tel Aviv Stock Exchange to refinance bank debt and fund its first senior living project, SEA ONE, in Rishon Lez…
Israeli Manufacturers Warn of Massive Export Losses as Banks Cut Palestinian Banking Services
Israeli manufacturers warn that Bank Hapoalim and Discount Bank's planned cessation of banking services to Palestinian banks will cause a 20 billion shekel annual loss in trade, d…
Israeli Credit Card Companies See Record Growth in Cards and Profits Amid Post-Operation Spending Surge
Following Operation Iron Swords, Israeli credit card companies Isracard, CAL, and Max reported a 5% revenue increase and 6% growth in active cards, surpassing Israel's population…
Bezeq's Solelim Project Boosts Mivne's Real Estate Income and Cash Flow
Mivne Real Estate’s occupancy of its Solelim project in Tel Aviv boosted its Q2 2026 net operating income by 10% and AFFO by 15%, driven by increased office leasing and lower expe…
Israel's Five Largest Banks Challenge Competition Authority's Concentration Group Designation
Israel's five largest banks have appealed the Competition Authority's designation of them as a concentration group and related deposit regulations. The banks argue the authority o…
Israel’s Big Five Banks Post 8.5 Billion Shekel Profit Despite Rate Cuts and Special Tax
Israel’s five largest banks reported a combined net profit of 8.5 billion shekels in Q2 2024, a 2% increase despite lower interest income and a special tax. Credit growth and fee…
Israeli Banks Post Massive 8.5 Billion Shekel Quarterly Profits Despite Special Tax
Israeli banks earned over 8.5 billion shekels in the latest quarter despite a special tax and lower interest rates, with Mizrahi Tefahot reporting 1.43 billion shekels profit. Ban…
Israel Struggles to Establish Government Company for Palestinian Banking Amid Legal Risks
Israel is struggling to launch a government company to provide banking services to the Palestinian Authority due to legal risks and lack of Palestinian reforms, amid warnings of e…
Israeli Banks Adapt to Lower Interest Rates While Maintaining Strong Profits
Israeli banks face a new era of lower interest rates and easing inflation, making profits from lending tougher. Despite this, major banks reported strong second-quarter results, d…
