Israel Discount Bank of New York Surveillance Report
Company Profile
Israel Discount Bank of New York (“IDB Bank” or “the bank”) is a $12.2 billion-asset bank that is wholly-owned by Israel Discount Bank Limited (“IDB Ltd.” or “the group”) – a ~$100 billion USD-asset bank based in Tel Aviv, Israel – through U.S. holding company Discount Bancorp, Inc. (“DB”). Formed in 1935, IDB Ltd. ranks among Israel’s largest banks, having begun NYC operations in 1949.
With a focus on middle-market, commercial customers, and high net worth private banking clients through its ‘branch-lite’ business model, IDB Bank’s core presence is in greater-NYC (4 branches), with Los Angeles and South Florida branches and representative offices in South America as well.
IDB Bank’s ~$8 billion loan portfolio is heavily weighted towards commercial borrowers, with a reasonably well-diversified (by industry) C&I book representing more than 50% of the total portfolio and CRE loans representing an additional ~33%. Despite this commercial focus,…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.