Discount Bank

George Horesh and Discount Bank are attempting to revive their 4 billion shekel CAL acquisition deal by introducing a third-party investor to overcome competition authority objections.

Israel Discount Bank experienced digital service disruptions affecting online platforms and ATMs due to maintenance work, shortly after announcing a merger with Mercantile Bank.

Discount Capital is selling its stake in non-bank lender Melaran to controlling shareholder Moand Rian for 27 million NIS, taking a 6 million NIS loss.

A first derivative lawsuit targets Discount Bank over the collapsed sale of CAL, as shareholders demand document disclosure following erroneous data submitted to the Competition Authority.

The NIS 4 billion deal to sell credit card company CAL has collapsed due to regulatory hurdles, pushing Discount Bank to reopen talks with tycoon Moti Ben-Moshe.

The 4 billion shekels acquisition deal of credit card company Cal has collapsed after the Israel Competition Authority imposed strict conditions regarding Super-Pharm.

Discount Bank launched the 300 million shekel 'Green North' fund to support small businesses in northern Israel with preferential loans up to 1 million shekels.

The deal to sell credit card company CAL is on the verge of collapse after the Israel Competition Authority and the buyers failed to reach a regulatory agreement regarding potential conflicts of interest involving Super-Pharm.

Israel Discount Bank has petitioned state regulators to cancel its mandated sale of credit card company CAL to the Horesh-Harel group, citing prohibitive conditions imposed by the Competition Authority that threaten the 4 billion shekel deal.

"Israel's energy sector is at a critical point," said Avi Levy, CEO of the Discount Group, at the opening of an energy conference. He noted that the sector is undergoing rapid changes, requiring urgent improvements in planning, infrastructure, and regulatory processes to maintain economic competitiveness.

The Competition Authority has set strict conditions for approving the acquisition of CAL by the Union group and Harel. Parties are in negotiations, but disagreements over control and data access threaten the deal's completion.

PayBox is lowering barriers for group payments, allowing users to transfer up to 10,000 shekels per month from any card. The platform has also introduced the ability to transfer group administration to other users.

The two Israeli banks acting as intermediaries for the Palestinian banking system are expected to postpone the cessation of operations by several months, Globes has learned. This comes at the request of the Bank of Israel, with the goal of finding a permanent solution to prevent chaos.

The bank recorded an 8% profit growth compared to the same quarter last year. Excluding the special bank tax, net profit would have risen by 4% to 1.3 billion shekels. The board of directors approved a dividend distribution of 40% of second-quarter profits.

Mercantile Bank, a subsidiary of Discount Bank, published its second-quarter reports with a profit of 205 million shekels and a return on equity that eroded to 12.8%. The board of directors approved a dividend of 50% of the profit — what does this mean for Discount, which is currently examining the possibility of merging Mercantile into it?

A mostly green week on the Tel Aviv Stock Exchange, with two major developments: the fourth-largest bank on the exchange entered the list of the ten largest companies, replacing a chip manufacturer that reported its results. Meanwhile, the largest company on the exchange jumped nearly 9% and is approaching a market value of one trillion shekels.

Economists at Discount Bank point to rising consumer prices and fuel costs driven by geopolitical tensions and a weaker shekel. These developments effectively rule out any near-term interest rate cuts in Israel.