Home Financial News Discount Bank reports higher profit, to speed up ICC-CAL sale

Financial News

Discount Bank reports higher profit, to speed up ICC-CAL sale

By

Internationalfinancialnews.com

-

14 August 2025

6

Israel Discount Bank (TASE: DSCT) reported NIS 1.1 billion profit in the second quarter of 2025, up 7% from the corresponding quarter of 2024. Annualized return on equity was 13.6% in the second quarter, down from 14.1% in the corresponding quarter. The bank will distribute a 40% dividend and 10% dividend as part of its buy-back share program.

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The bank also reported that it is striving to speed up the sale of the ICC-CAL credit card company in which it holds a 72% stake. Three groups are interested in the acquisition – George Horesh’s Union Group, private equity firm Centerbridge Partners, and Motti Ben-Moshe – and the bank is eager to move forward and receive binding bids.

Published by Globes, Israel business news – en.globes.co.il – on August 14, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.

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