Discount Bank mulls Mercantile merger

Israel Discount Bank (TASE: DSCT ) board of directors has decided to examine the merger of its subsidiary Mercantile Discount Bank into it. The aim of the change in structure, if approved, according to the bank, is to strengthen the group's competitiveness. The move will adapt the group's activity structure to the business, technological and operational challenges of the banking system, improve operational efficiency and flexibility and enable optimal allocation of resources and investments, while creating value for all stakeholders.