Mercantile Bank

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

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?