July 30, 2014 2:09 PM ET

Banks

Company Overview of Mercantile Discount Bank Ltd.

Company Overview

Mercantile Discount Bank Ltd. is a commercial bank that offers portfolio management, financing, securities trading, and underwriting services. It also provides long and short term credits, saving schemes, investment solutions, home loans, foreign trade and currency exchange facilities. In addition, the bank provides internet and telephone banking as well as customer support services. Mercantile Discount Bank Ltd. was founded in 1918 and is based in Tel Aviv, Israel. Mercantile Discount Bank Ltd. operates as a subsidiary of Israel Discount Bank Limited.

103 Allenby Street

PO Box 1292

Tel Aviv,  61012

Israel

Founded in 1918

Phone:

972 3 564 7429

Fax:

972 3 564 7431

Key Executives for Mercantile Discount Bank Ltd.

Chief Executive Officer
Compensation as of Fiscal Year 2014.

Mercantile Discount Bank Ltd. Key Developments

Mercantile Discount Bank Ltd. Reports Earnings Results for the Nine Months of 2013

Mercantile Discount Bank Ltd. reported earnings results for the nine months of 2013. For the period, the company reported net income of ILS 136 million against ILS 128 million a year ago.

Mercantile Discount Bank Ltd. Announces Earnings Results for the Half Year Ended June 30, 2013

Mercantile Discount Bank Ltd. announced earnings results for the half year ended June 30, 2013. For the period, the company reported net income of ILS 101 million compared to ILS 84 million a year ago. Return on equity was 11% compared to 9.8% a year ago.

Mercantile Discount Bank Ltd. Reports Earnings Results for the Year 2012

Mercantile Discount Bank Ltd. reported earnings results for the year 2012. For the period, the company reported net income of ILS 191 million compared to ILS 162 million a year ago. Return on equity attributable to the bank's shareholders of the company was 10.8% compared to 9.6% a year ago.

Similar Private Companies By Industry

Company Name Region
Mercantile Discount Bank Ltd. Middle East/Africa
Leumi Mortgage Bank Ltd. Middle East/Africa
Arab Israel Bank Ltd. Middle East/Africa
Israel Bank of Agriculture Ltd Middle East/Africa
Bank Otsar Ha-Hayal Ltd. Middle East/Africa

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