Mercantile Discount Bank is a major commercial bank in Israel and is a subsidiary of Israel Discount Bank. It is the sixth-largest bank in Israel.
Controversies
Involvement in Israeli settlements
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.[1] Mercantile Discount Bank was listed on the database on account of its activities in Israeli settlements in these occupied territories,[2] which are considered illegal under international law.[3]