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ISRAEL AT WAR - DAY 572

Israel Discount Bank

Offices of Discount and Hapoalim banks in the center of Tel Aviv (Miriam Alster/ FLASH90)
April 9, 2025, 5:11 pm
Hapoalim and Discount each fined NIS 40 million by competition watchdog
Israel Competition Authority alleges that the commercial banks’ minority stakes in fintech startup Neema would restrict fair conduct and hinder competition
By Sharon Wrobel
A branch of Bank Leumi in central Jerusalem (Maxim Dinshtein/Flash90)
March 30, 2025, 11:17 pm
Unbalanced: Banks offer minor benefits, with major catches, for war-harmed clients
Told to give back a fraction of their vast profits, Hapoalim offers $68 to students and reservists… if they have a deposit account or $8,000 balance, Leumi will defer payments on mortages below $27,000
By Sharon Wrobel
Illustrative: Parked airplanes belonging to Israir and El Al at Ben Gurion International Airport, August 8, 2020. (Olivier Fitoussi/FLASH90)
March 10, 2025, 2:35 pm
Daily Briefing Mar. 10: Day 521 – Israeli banks gain in war, El Al gets company on NY route
Tech editor Sharon Wrobel discusses lenders’ profits, Israir’s new TLV-NY plans; reporter Diana Bletter analyzes allegations against IDF in Gaza and non-Jewish villagers’ return home
By Jessica Steinberg, Diana Bletter and Sharon Wrobel
The Bank of Israel's main offices in Jerusalem, January 2, 2023. (Yonatan Sindel/ Flash90)
February 26, 2025, 4:50 pm
Israeli banks told to set aside $839m to offer customers lower fees and other benefits
Bank of Israel urges banks profiting from high interest rates to provide benefits, as households, small businesses, and other war-affected populations struggle to make ends meet
By Sharon Wrobel
Agricultural waste. (Matauw, iStock by Getty Images)
December 5, 2024, 10:22 am
Israel to get 1st facility to recycle organic waste, produce gas and fertilizer
Discount Bank, environment ministry to fund plant near Gaza border that will use sealed containers of microbes to break down 200 tons of household and agricultural waste annually
By Sue Surkes
Illustration: Israelis withdraw money from Bank Hapoalim cash machines. (Yonatan Sindel/Flash90)
November 18, 2024, 10:48 pm
Major lenders’ profits soar as banks cash in on wartime interest rate growth
As homes and businesses grapple with loan repayments, Hapoalim sees quarterly profit rise 14% fueled by NIS 4.58b in net interest income; Discount’s profit jumps 39%, Leumi’s 30%
By Sharon Wrobel
Illustrative: An Ireland supporter holds a Palestinian flag on the stands during the Euro 2024 group B qualifying soccer match between Gibraltar and Ireland at the Argarve Stadium, outside Faro, Portugal, Oct. 16, 2023. (AP/Joao Matos)
April 8, 2024, 1:00 pm
Ireland’s sovereign investment fund to divest from six Israeli firms
Irish government will pull investments from Israel’s largest banks plus a supermarket chain active in East Jerusalem and West Bank
By Reuters and ToI Staff
Offices of Discount and Hapoalim banks in the center of Tel Aviv (Miriam Alster/ FLASH90)
February 14, 2024, 7:26 pm
After credit downgrade, Moody’s lowers deposit ratings of Israel’s five largest banks
Lower rating increases borrowing costs for banks, which in turn will likely be passed on to consumers and lead to higher lending rates
By Sharon Wrobel
Prime Minister Benjamin Netanyahu attends a Knesset session on March 20, 2023 (Erik Marmor/Flash90)
March 21, 2023, 2:35 pm
5 bank heads to PM: Stop overhaul immediately, you’ll turn Israel into dictatorship
Top business leaders call on PM to halt contentious legislative process, saying it ‘undermines the foundations of democracy’ and will damage economy and society as a whole
By ToI Staff
A man stands at a cash machine of the Israel Discount Bank in Jerusalem, on July 1, 2013. (Nati Shohat/Flash 90)
January 19, 2023, 3:07 pm
Finance minister requires Israel Discount Bank to spin off its credit card business
Israel’s fourth-largest bank needs to sell CAL as part of government policy to boost competition in the consumer credit market, Smotrich says
By Sharon Wrobel
A man stands at a cash machine of the Israel Discount Bank in Jerusalem, on July 1, 2013. (Nati Shohat/Flash 90)
December 26, 2022, 7:22 pm
Bank bans credit for bigots as firms in Israel decry planned pro-discrimination laws
Microsoft, Wiz among businesses expressing concern incoming government will seek to amend rules to allow firms to refuse services if it violates their religious beliefs
By Sharon Wrobel
Blue and White MK Yorai Lahav-Hertzano in the Knesset in Jerusalem, on May 14, 2019. (Hadas Parush/Flash90)
December 26, 2022, 1:43 pm
Yesh Atid MK warns ‘anti-LGBTQ incitement from lawmakers will end in murder’
Yorai Lahav-Hertzano calls for scrapping plans for a law that would enable discrimination, says Netanyahu will be responsible for consequences
By ToI Staff
Israel Discount Bank Ltd. and the nation's largest supermarket chain Shufersal are setting up a joint venture to offer a digital banking services that aims to compete with the traditional banking system (ARISA THEPBANCHORNCHAI; iStock by Getty Images)
January 20, 2021, 1:08 pm
Bank Discount, Shufersal chain set up joint financial services firm
Joint venture will operate on the platform of Discount’s PayBox digital wallet, offering fintech services to compete with traditional lenders
By Shoshanna Solomon
Israel Discount Bank's PayBox app (YouTube screenshot)
July 12, 2020, 1:25 pm
Israel Discount Bank says payments app PayBox not affected by startup folding
Bank Discount bought use of app in 2014 from startup that is now shutting down; users had trouble accessing app after ‘fake news’ urged withdrawing funds in light of liquidation
By Shoshanna Solomon
A man stands at a cash machine of the Israel Discount Bank in Jerusalem, on July 1, 2013. (Nati Shohat/Flash 90)
From the WebMay 27, 2020, 11:28 am
Israel Discount Bank Q1 profit dips on spike in credit loss provision
Reuters: The 31% decline in quarterly profit stems from a surge in credit loss provisions aimed to protect bank from potential bad loans stemming from the coronavirus pandemic
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