Sign in to baba News

One account across the web, iPhone and Android — your subscription follows it.

or use an email code

By continuing you agree to the terms and privacy policy.

Welcome — one more step

News Plus opens the cross-newsroom layer — who covered a story, who didn’t, and how each one worded it.

  • Ask Duki without a daily limit — answers from the coverage, with sources
  • Save articles, synced between the web and the app
  • Every Not Everywhere story, no daily limit
  • How each newsroom worded the same event
  • Filing timeline and coverage breakdown
  • The whole archive, searchable
  • Unlimited newsroom, topic and people follows
  • The daily brief by email, in English or Hebrew

Eligible new subscribers get 7 days free, then $34.99 each year. Renews automatically until cancelled. Cancel any time in your account. Subscription terms.

Your subscription also unlocks the app.

Download on theApp StoreGet it onGoogle Play

Search stories

Type at least two characters. Results come from every newsroom baba reads.

↑↓ to move · ↵ to open · esc to close

Live Terminal
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

First reported by Globes · Aug 13, 2026

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.

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

Related stories

Bank Hapoalim Reports 2.1% Profit Decline in Q2 2026 Amid Interest Rate Cuts and New TaxAug 12, 2026Israeli Banks Post Massive 8.5 Billion Shekel Quarterly Profits Despite Special TaxAug 17, 2026Israel’s Big Five Banks Post 8.5 Billion Shekel Profit Despite Rate Cuts and Special TaxAug 17, 2026Israeli Bank Stocks Surge in July Ahead of Earnings ReportsAug 5, 2026Bank Leumi Reports Record Quarterly Profit of NIS 2.83 Billion Amid Operational Efficiency GainsAug 13, 2026Bank One Zero Cuts First-Half Loss by 27% to 84 Million Shekels Amid GrowthAug 20, 2026