Mercantile Discount Bank
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Coordinates: 32°04′22.62″N 34°47′21.41″E / 32.0729500°N 34.7892806°E
| Type | Public |
|---|---|
| Traded as | TASE: DSCT |
| Industry |
Banking Financial services |
| Founded | 1971 |
| Headquarters | Kirya Tower, Tel Aviv, Israel |
| Products | consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards |
| Parent | Israel Discount Bank |
| Website | www.mercantile.co.il |
Mercantile Discount Bank (Hebrew: בנק מרכנתיל דיסקונט בע"מ is a major commercial bank in Israel, and is a subsidiary of Israel Discount Bank.
History
The Mercantile Discount Bank was established in 1971 by the Barclay's Bank and by the Israel Discount Bank, under the name Barclay's Discount Bank. At the time of its incorporation, The Bank took over the assets and liabilities of Barclay's Bank in Israel, whose activities commenced in 1918. In 1993, Israel Discount Bank acquired the entire holdings of Barclays in The Bank, and changed its name to Mercantile Discount Bank.
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