Israel Discount Bank
Israel's fourth-largest commercial bank, founded in 1935 by Leon Recanati. Operates IDB Bank in New York — the most US-facing Israeli bank. Strong private-banking franchise serving aliyah and diaspora clients.
Israel Discount Bank is the fourth-largest commercial bank in Israel, founded in 1935 by Leon Recanati. It operates as a full-service commercial bank with a particularly strong private-banking franchise serving high-net-worth Israeli and aliyah clients, run through IDB Bank in New York and Discount Switzerland.
Discount sits in the second tier of the Israeli banking oligopoly together with First International Bank of Israel (FIBI), below the Leumi/Hapoalim/Mizrahi top three. It has historically been the most US-facing of the Israeli banks through its IDB Bank New York subsidiary, which serves Israeli diaspora clients, family offices, and businesses that operate across the US–Israel corridor.
The bank is dual-listed on TASE and has been a consistent dividend payer through the 2020s. It is a primary destination for incoming aliyah onshore banking accounts under the 2026 tax reform window.
Related Olam Coverage
- Israel Discount Bank: The Sephardic-Founded Anchor of Israeli Commercial Banking
- The Israeli Banking Layer: Bank Leumi, Mizrahi-Tefahot, Discount Private Banking
See also: Bank Leumi · Bank Hapoalim · Mizrahi Tefahot Bank · FIBI · TASE · Sephardic Atlantic · Concentration Group / Oligopoly