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Economy · Full coverage

Discount Bank Reports 1.2 Billion Shekel Quarterly Profit Amid Planned 600-Job Cuts

How 4 Israeli newsrooms covered this story — translated into English and compared side by side.

100% center
Center 2Unrated 2

What happened

Discount Bank posted a 1.2 billion shekel profit in Q2 2026 with a 14% return on equity, plans 600 job cuts, and continues credit growth. Investors responded positively as the banking sector index rose over 3% in two days. Mizrahi Tefahot's upcoming report will complete the sector's quarterly overview.

  • 01Discount Bank reports 1.2 billion shekels net profit in Q2 2026 with 14% return on equity.
  • 02The bank plans to cut about 600 jobs during 2026 despite strong profits.
  • 03Adjusted profit excluding special tax would be 1.32 billion shekels with 15.4% return on equity.
  • 04Credit portfolio grew to 304 billion shekels by June, up 5.4% year-to-date.
  • 05Banking sector index rose over 3% in two days amid strong earnings reports.
  • 06Mizrahi Tefahot is the last major bank yet to report Q2 results.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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In this story
People
OrganizationsDiscount Bank, Mizrahi Tefahot, Reuters
PlacesIsrael

Full coverage · 4 outlets

The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.

MaarivCenter · HebrewAug 13, 2026
Discount Bank Reports 1.2 Billion Shekel Quarterly Profit Amid Planned 600-Job Cuts
CalcalistUnrated · HebrewAug 13, 2026
Discount Bank Reports 8% Profit Rise to 1.2 Billion Shekels Amid Staff Cuts
YnetCenter · HebrewAug 13, 2026
Discount Bank Reports 1.2 Billion Shekel Profit in Q2 2026 Amid Efficiency Drive and Merger Plans
GlobesUnrated · HebrewAug 13, 2026
Discount Bank Reports 8% Net Profit Increase but Plans Lower Dividend Payout Than Competitors