Wallets/discount-bank-il
Israel Discount Bank / ICC-Cal
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Overview
Israel Discount Bank is Israel #4 by assets + 1935 Israel Discount Bank founding by Recanati family + ICC-Cal credit card subsidiary distinctive Israeli credit card business [1, il-cro]. 2025 baseline: Israel Discount Bank Israel #4 by assets; ICC-Cal (Israel Credit Cards) distinctive Israeli credit card subsidiary; IDB Bank US subsidiary + LATAM presence (Israel Discount Bank Latin America divestiture: 2016 Bercom Israel Discount Bank Uruguay + Brazil divestiture).
Distinctive Israel Discount Bank positioning:
- Israel #4 by assets (after [[bank-hapoalim]] + [[bank-leumi]] + [[mizrahi-tefahot]])
- ICC-Cal (Israel Credit Cards) distinctive Israeli credit card subsidiary + Cal Online + iCal distinctive Israeli credit card apps
- IDB Bank US subsidiary (Israel Discount Bank's distinctive US private + commercial banking)
- 1935 Israel Discount Bank founding by Recanati family → distinctive Israeli Recanati family banking heritage
- Mercantile Discount Bank Israeli subsidiary (Israel Discount Bank distinctive Israeli subsidiary)
- MAX-IT (formerly Max; Israel Discount Bank acquired 70% in 2019 for ILS 2.5B) distinctive Israeli credit card subsidiary (post-Israel Discount Bank Leumi Card divestiture for ILS 2.5B)
History
Apr 1935 — Israel Discount Bank founded by Leon Recanati in Tel Aviv → distinctive Israeli Recanati family banking heritage.
1956 — Israel Discount Bank IPO on TASE.
1980 — IDB Bank US subsidiary founding (Israel Discount Bank's distinctive US private + commercial banking).
2011 — Israel Discount Bank mobile banking app launches.
2016 — Bercom Israel Discount Bank Uruguay + Brazil divestiture (Israel Discount Bank Latin America divestiture).
2019 — Israel Discount Bank acquires 70% MAX (formerly Leumi Card) for ILS 2.5B + distinctive Israeli credit card subsidiary.
2025 — Israel Discount Bank Israel #4 by assets + ICC-Cal credit card subsidiary + IDB Bank US subsidiary + LATAM presence [1].
Ownership & operator
Operating entity: Israel Discount Bank Ltd (TASE: DSCT).
Major shareholders: Various Israeli institutional + Israeli retail public float + foreign institutional (widely held).
Regulator: BoI (Bank of Israel).
Technical integration
Israel Discount Bank mobile banking app (iOS + Android) + discountbank.co.il online + Israel Discount Bank cards (Visa + Mastercard + Isracard) + Israel Discount Bank Israeli + US + LATAM branch network; Bit Israeli P2P payment + Israeli ACH (MASAV) + Israeli RTGS (Zahav); ICC-Cal (Israel Credit Cards) + Cal Online + iCal distinctive Israeli credit card apps; MAX-IT (formerly Max; post-2019 Israel Discount Bank 70% ILS 2.5B acquisition) distinctive Israeli credit card subsidiary; IDB Bank US subsidiary.
Users & growth
2025: Israel Discount Bank Israel #4 by assets + ICC-Cal credit card subsidiary distinctive Israeli credit card business.
Use cases
Israeli + US + LATAM retail + private + corporate + SME + investment + insurance + credit card banking via Israel Discount Bank mobile + discountbank.co.il online + cards + branches + ICC-Cal + MAX-IT + IDB Bank US subsidiary; Bit Israeli P2P payment + Israeli ACH (MASAV) + Israeli RTGS (Zahav).
Implementations & partners
Operator: Israel Discount Bank Ltd (TASE: DSCT).
Subsidiaries: ICC-Cal (Israel Credit Cards) Israeli credit card subsidiary + MAX-IT (formerly Max; post-2019 Israel Discount Bank 70% ILS 2.5B acquisition) distinctive Israeli credit card subsidiary + IDB Bank US subsidiary (Israel Discount Bank's distinctive US private + commercial banking) + Mercantile Discount Bank Israeli subsidiary.
Major Israeli banking competitors: [[bank-hapoalim]] (Israel #1; 2M+ Israeli customers; 1921 Histadrut + WZO founding) + [[bank-leumi]] (Israel #2; Pepper distinctive Israel's first mobile-only banking service; 1902 Anglo-Palestine Company WZO founding) + [[mizrahi-tefahot]] (Israel #3 + 35% mortgage market share via Tefahot) + [[fibi]] (Israel #5; First International Bank of Israel).
Regulator: BoI.
Fun facts
- Israel #4 by assets (after [[bank-hapoalim]] + [[bank-leumi]] + [[mizrahi-tefahot]]).
- 1935 Israel Discount Bank founding by Leon Recanati in Tel Aviv → distinctive Israeli Recanati family banking heritage.
- ICC-Cal (Israel Credit Cards) distinctive Israeli credit card subsidiary + Cal Online + iCal distinctive Israeli credit card apps.
- IDB Bank US subsidiary (Israel Discount Bank's distinctive US private + commercial banking).
- Mercantile Discount Bank Israeli subsidiary (Israel Discount Bank distinctive Israeli subsidiary).
- MAX-IT (formerly Max; Israel Discount Bank acquired 70% in 2019 for ILS 2.5B) distinctive Israeli credit card subsidiary.
Comparison
| Feature | Israel Discount Bank / ICC-Cal | [[bank-hapoalim]] (Israel #1; 2M+ Israeli customers; 1921 Histadrut + WZO founding rival) | [[bank-leumi]] (Israel #2; Pepper distinctive Israel's first mobile-only banking service; 1902 Anglo-Palestine Company WZO founding rival) | [[mizrahi-tefahot]] (Israel #3 + 35% mortgage market share via Tefahot rival) | [[fibi]] (Israel #5; First International Bank of Israel rival) |
|---|---|---|---|---|---|
| Operator | Israel Discount Bank Ltd (TASE: DSCT) | Bank Hapoalim B.M. (TASE: POLI; Arison family ~20%) | Bank Leumi le-Israel B.M. (TASE: LUMI) | Mizrahi Tefahot Bank Ltd (TASE: MZTF) | First International Bank of Israel Ltd (TASE: FTIN) |
| Type | Israel #4 by assets + 1935 Israel Discount Bank founding by Leon Recanati + ICC-Cal distinctive Israeli credit card subsidiary + IDB Bank US subsidiary + MAX-IT 70% acquisition + Mercantile Discount Bank Israeli subsidiary | Israel #1 + 2M+ Israeli customers + 1921 Histadrut + WZO founding | Israel #2 + 1902 Anglo-Palestine Company WZO founding (Israel's oldest existing banking institution) + Pepper distinctive Israel's first mobile-only banking service | Israel #3 + Tefahot ~35% Israeli mortgage market share | Israel #5 + family-controlled |
| Country | IL + US + LATAM | IL + GB + US | IL + GB | IL + GB + US | IL + UK + Switzerland |
| Distinctive | Apr 1935 Israel Discount Bank founding by Leon Recanati in Tel Aviv (Israeli Recanati family banking heritage); 1956 TASE IPO; 1980 IDB Bank US subsidiary founding; 2011 mobile app launch; 2016 Bercom Israel Discount Bank Uruguay + Brazil divestiture; 2019 MAX (formerly Leumi Card) 70% ILS 2.5B acquisition | 1921 Histadrut + WZO founding; Mar 2 1996 privatization | Feb 27 1902 Anglo-Palestine Company founding by WZO (Israel's oldest existing banking institution); Apr 2 2017 Pepper by Leumi launch | 1923 Mizrahi Bank founding by religious Zionist movement; 2004 Mizrahi + Tefahot merger | 1972 founding via Foreign Trade Bank merger |
Status
Active, Israel #4 by assets + 1935 Israel Discount Bank founding by Recanati family + ICC-Cal credit card subsidiary [1]:
- Israel Discount Bank Ltd (TASE: DSCT) since Apr 1935 Israel Discount Bank founding by Leon Recanati in Tel Aviv + 1956 TASE IPO + 1980 IDB Bank US subsidiary founding.
- ICC-Cal credit card subsidiary distinctive Israeli credit card business + IDB Bank US subsidiary + MAX-IT 70% acquisition + Mercantile Discount Bank Israeli subsidiary.
- BoI regulated.
Sources
- 1 Israel Discount Bank — Wikipedia
- il-cro In-corpus:
reports/countries/IL-israel.md
Source
Biography extracted from discount-bank-il.md. See matrix.md for standards-support matrix if present.