Discount Bank
Discount Bank is not listed on an exchange we track. Its funding and news are below.
Funding and exits
No funding round or acquisition of Discount Bank has been reported on this site yet.
Discount Bank in the news
Class action against banks approved: they did not pay interest on positive current account balances
A class action lawsuit has been approved against Bank Leumi, Mizrahi Tefahot, Discount Bank, and Bank Hapoalim for failing to pay interest on positive current account balances. The plaintiffs claim the banks acted in bad faith by not paying interest despite significant interest rate increases in the economy since April 2022, with alleged damages in the billions of shekels.
Globes (Hebrew, translated) · 4 hours ago · Bank Leumi, Mizrahi Tefahot, Discount Bank, Bank Hapoalim
Following the Competition Authority's decision to block a transaction, Hersh and Hamburger will pay 135 million shekels in compensation to Discount Bank and the remainder to Bank Leumi (International).
Globes (Hebrew, translated) · 6 hours ago · Hersh and Hamburger, Discount Bank, Bank Leumi, Kael
Competition Authority puts Discount Bank's Cal sale in doubt
The Israeli Competition Authority has ordered the Horesh family's Union Investments to sell Super-Pharm if it wants to proceed with acquiring Cal from Discount Bank.
Globes · 23 hours ago · Discount Bank, Cal, Union Investments, Super-Pharm
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|---|---|---|---|---|---|
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| Bank Leumi | Banks | Private | — | — | — |
| Doral | Banks | Private | — | — | — |
| Hersh and Hamburger | Banks | Private | — | — | — |
| Kael | Banks | Private | — | — | — |
| Kalal | Banks | Private | — | — | — |