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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.

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First reported by Globes · 3 hours ago

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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Ariel Feiglin