Mercantile Discount Bank

Mercantile Discount Bank (Hebrew: בנק מרכנתיל דיסקונט בע"מ) is a major commercial bank in Israel, and is a subsidiary of Israel Discount Bank. It is the sixth largest bank in Israel. In 2021, MDB and its parent company IDB reached a settlement of ₪343 million (A$137 million) with the Australian Taxation Office, after allegedly conspiring with the Sydney-based Binetter family to engage in tax fraud. On 12 February 2020, the United Nations published a database of companies doing business related in the West Bank, including East Jerusalem, as well as in the occupied Golan Heights. M
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