Israel Discount Bank, Ltd., announced today that its total assets had topped 1,000,000,000 Israeli pounds ($333,333,333). The bank, second largest of the 26 commercial banks in Israel, had total assets of 260,000,000 pounds ($86,000,000) five years ago.
Officials attributed the growth record in part to the bank’s 100th and largest branch, its office in New York City, now starting its third years of operations.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
