Connect with us

Hi, what are you looking for?

Jewish Business News


Discount Bank buys Dexia Israel

Israel Discount Bank has signed Sunday an agreement to buy Dexia Israel (Public Finance) for NIS 670 million. The price is 12% higher than the bank value six months ago.

Earlier this year Franco-Belgian banking group Dexia S.A. sold its controlling shares in Dexia Israel on the Tel Aviv Stock Exchange (TASE) at a company valuation of NIS 600 million.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

TASE regulator recently rejected the Union Bank and Mizrahi Tefahot Bank merger and could prove a stumbling block.

However, Discount Bank is confident that TASE regulator will approve the acquisition as Dexia does work in the municipal financing and public sectors.

Discount Bank plans to merge Dexia into its Mercantile unit, which focuses on the Haredi and Arab sectors but also has public finance activities.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.