# Israel Discount Bank / ICC-Cal

> Source: https://docs.barcoder.ai/docs/wallets/discount-bank-il
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Israel Discount Bank — official](https://www.discountbank.co.il/)

## Overview

**Israel Discount Bank** is **Israel #4 by assets** + **1935 Israel Discount Bank founding by Recanati family** + **ICC-Cal credit card subsidiary distinctive Israeli credit card business** <sup>[1][1], [Israel report](https://docs.barcoder.ai/docs/payments/IL)</sup>. **2025 baseline**: Israel Discount Bank Israel #4 by assets; **ICC-Cal (Israel Credit Cards) distinctive Israeli credit card subsidiary**; **IDB Bank US subsidiary + LATAM presence** (Israel Discount Bank Latin America divestiture: 2016 Bercom Israel Discount Bank Uruguay + Brazil divestiture).

**Distinctive Israel Discount Bank positioning**:
- **Israel #4 by assets** (after [Bank Hapoalim + Bit](https://docs.barcoder.ai/docs/wallets/bank-hapoalim) + [Bank Leumi + Pepper](https://docs.barcoder.ai/docs/wallets/bank-leumi) + [Mizrahi-Tefahot Bank](https://docs.barcoder.ai/docs/wallets/mizrahi-tefahot))
- **ICC-Cal (Israel Credit Cards) distinctive Israeli credit card subsidiary** + Cal Online + iCal distinctive Israeli credit card apps
- **IDB Bank US subsidiary** (Israel Discount Bank's distinctive US private + commercial banking)
- **1935 Israel Discount Bank founding by Recanati family** → distinctive Israeli Recanati family banking heritage
- **Mercantile Discount Bank Israeli subsidiary** (Israel Discount Bank distinctive Israeli subsidiary)
- **MAX-IT (formerly Max; Israel Discount Bank acquired 70% in 2019 for ILS 2.5B) distinctive Israeli credit card subsidiary** (post-Israel Discount Bank Leumi Card divestiture for ILS 2.5B)

## History

**Apr 1935 — Israel Discount Bank founded by Leon Recanati** in Tel Aviv → distinctive Israeli Recanati family banking heritage.

**1956 — Israel Discount Bank IPO on TASE**.

**1980 — IDB Bank US subsidiary founding** (Israel Discount Bank's distinctive US private + commercial banking).

**2011 — Israel Discount Bank mobile banking app launches**.

**2016 — Bercom Israel Discount Bank Uruguay + Brazil divestiture** (Israel Discount Bank Latin America divestiture).

**2019 — Israel Discount Bank acquires 70% MAX (formerly Leumi Card) for ILS 2.5B** + distinctive Israeli credit card subsidiary.

**2025 — Israel Discount Bank Israel #4 by assets + ICC-Cal credit card subsidiary + IDB Bank US subsidiary + LATAM presence** <sup>[1][1]</sup>.

## Ownership & operator

**Operating entity**: **Israel Discount Bank Ltd** (TASE: DSCT).

**Major shareholders**: **Various Israeli institutional + Israeli retail public float + foreign institutional** (widely held).

**Regulator**: **BoI (Bank of Israel)**.

## Technical integration

Israel Discount Bank mobile banking app (iOS + Android) + discountbank.co.il online + Israel Discount Bank cards (Visa + Mastercard + Isracard) + Israel Discount Bank Israeli + US + LATAM branch network; Bit Israeli P2P payment + Israeli ACH (MASAV) + Israeli RTGS (Zahav); **ICC-Cal (Israel Credit Cards)** + Cal Online + iCal distinctive Israeli credit card apps; **MAX-IT (formerly Max; post-2019 Israel Discount Bank 70% ILS 2.5B acquisition)** distinctive Israeli credit card subsidiary; **IDB Bank US subsidiary**.

## Users & growth

**2025**: Israel Discount Bank Israel #4 by assets + ICC-Cal credit card subsidiary distinctive Israeli credit card business.

## Use cases

Israeli + US + LATAM retail + private + corporate + SME + investment + insurance + credit card banking via Israel Discount Bank mobile + discountbank.co.il online + cards + branches + **ICC-Cal** + **MAX-IT** + **IDB Bank US subsidiary**; Bit Israeli P2P payment + Israeli ACH (MASAV) + Israeli RTGS (Zahav).

## Implementations & partners

**Operator**: Israel Discount Bank Ltd (TASE: DSCT).

**Subsidiaries**: **ICC-Cal (Israel Credit Cards)** Israeli credit card subsidiary + **MAX-IT (formerly Max; post-2019 Israel Discount Bank 70% ILS 2.5B acquisition)** distinctive Israeli credit card subsidiary + **IDB Bank US subsidiary** (Israel Discount Bank's distinctive US private + commercial banking) + **Mercantile Discount Bank Israeli subsidiary**.

**Major Israeli banking competitors**: [Bank Hapoalim + Bit](https://docs.barcoder.ai/docs/wallets/bank-hapoalim) (Israel #1; 2M+ Israeli customers; 1921 Histadrut + WZO founding) + [Bank Leumi + Pepper](https://docs.barcoder.ai/docs/wallets/bank-leumi) (Israel #2; Pepper distinctive Israel's first mobile-only banking service; 1902 Anglo-Palestine Company WZO founding) + [Mizrahi-Tefahot Bank](https://docs.barcoder.ai/docs/wallets/mizrahi-tefahot) (Israel #3 + 35% mortgage market share via Tefahot) + FIBI (Israel #5; First International Bank of Israel).

**Regulator**: BoI.

## Fun facts

- **Israel #4 by assets** (after [Bank Hapoalim + Bit](https://docs.barcoder.ai/docs/wallets/bank-hapoalim) + [Bank Leumi + Pepper](https://docs.barcoder.ai/docs/wallets/bank-leumi) + [Mizrahi-Tefahot Bank](https://docs.barcoder.ai/docs/wallets/mizrahi-tefahot)).
- **1935 Israel Discount Bank founding by Leon Recanati** in Tel Aviv → distinctive Israeli Recanati family banking heritage.
- **ICC-Cal (Israel Credit Cards) distinctive Israeli credit card subsidiary** + Cal Online + iCal distinctive Israeli credit card apps.
- **IDB Bank US subsidiary** (Israel Discount Bank's distinctive US private + commercial banking).
- **Mercantile Discount Bank Israeli subsidiary** (Israel Discount Bank distinctive Israeli subsidiary).
- **MAX-IT (formerly Max; Israel Discount Bank acquired 70% in 2019 for ILS 2.5B) distinctive Israeli credit card subsidiary**.

## Comparison

| Feature | Israel Discount Bank / ICC-Cal | [Bank Hapoalim + Bit](https://docs.barcoder.ai/docs/wallets/bank-hapoalim) (Israel #1; 2M+ Israeli customers; 1921 Histadrut + WZO founding rival) | [Bank Leumi + Pepper](https://docs.barcoder.ai/docs/wallets/bank-leumi) (Israel #2; Pepper distinctive Israel's first mobile-only banking service; 1902 Anglo-Palestine Company WZO founding rival) | [Mizrahi-Tefahot Bank](https://docs.barcoder.ai/docs/wallets/mizrahi-tefahot) (Israel #3 + 35% mortgage market share via Tefahot rival) | FIBI (Israel #5; First International Bank of Israel rival) |
|---|---|---|---|---|---|
| Operator | **Israel Discount Bank Ltd (TASE: DSCT)** | Bank Hapoalim B.M. (TASE: POLI; Arison family ~20%) | Bank Leumi le-Israel B.M. (TASE: LUMI) | Mizrahi Tefahot Bank Ltd (TASE: MZTF) | First International Bank of Israel Ltd (TASE: FTIN) |
| Type | **Israel #4 by assets + 1935 Israel Discount Bank founding by Leon Recanati + ICC-Cal distinctive Israeli credit card subsidiary + IDB Bank US subsidiary + MAX-IT 70% acquisition + Mercantile Discount Bank Israeli subsidiary** | Israel #1 + 2M+ Israeli customers + 1921 Histadrut + WZO founding | Israel #2 + 1902 Anglo-Palestine Company WZO founding (Israel's oldest existing banking institution) + Pepper distinctive Israel's first mobile-only banking service | Israel #3 + Tefahot ~35% Israeli mortgage market share | Israel #5 + family-controlled |
| Country | IL + US + LATAM | IL + GB + US | IL + GB | IL + GB + US | IL + UK + Switzerland |
| Distinctive | **Apr 1935 Israel Discount Bank founding by Leon Recanati in Tel Aviv (Israeli Recanati family banking heritage); 1956 TASE IPO; 1980 IDB Bank US subsidiary founding; 2011 mobile app launch; 2016 Bercom Israel Discount Bank Uruguay + Brazil divestiture; 2019 MAX (formerly Leumi Card) 70% ILS 2.5B acquisition** | 1921 Histadrut + WZO founding; Mar 2 1996 privatization | Feb 27 1902 Anglo-Palestine Company founding by WZO (Israel's oldest existing banking institution); Apr 2 2017 Pepper by Leumi launch | 1923 Mizrahi Bank founding by religious Zionist movement; 2004 Mizrahi + Tefahot merger | 1972 founding via Foreign Trade Bank merger |

## Status

**Active, Israel #4 by assets + 1935 Israel Discount Bank founding by Recanati family + ICC-Cal credit card subsidiary** <sup>[1][1]</sup>:
- **Israel Discount Bank Ltd (TASE: DSCT)** since Apr 1935 Israel Discount Bank founding by Leon Recanati in Tel Aviv + 1956 TASE IPO + 1980 IDB Bank US subsidiary founding.
- **ICC-Cal credit card subsidiary distinctive Israeli credit card business + IDB Bank US subsidiary + MAX-IT 70% acquisition + Mercantile Discount Bank Israeli subsidiary**.
- **BoI regulated**.

## Sources

[1]: https://en.wikipedia.org/wiki/Israel_Discount_Bank "Israel Discount Bank — Wikipedia"
[il-cro]: https://docs.barcoder.ai/docs/payments/IL

- [1] [Israel Discount Bank — Wikipedia][1]
- <sup>[Israel report](https://docs.barcoder.ai/docs/payments/IL)</sup> In-corpus: `reports/countries/IL-israel.md`

## Source

Biography extracted from [discount-bank-il.md](https://docs.barcoder.ai/source/wallets/discount-bank-il). See `matrix.md` for standards-support matrix if present.