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Safras interested in Israel Discount Bank.

The Daily Deal

| July 17, 2002 | COPYRIGHT 2003 The Deal LLC. (Hide copyright information)Copyright

Byline: Neal Sandler

TEL AVIV -- The Safra family is the latest potential investor weighing a bid for partial or full control of Israel Discount Bank, the country's third-largest commercial bank.

Joseph Safra of the powerful international banking family met Monday with Israeli finance minister Silvan Shalom to express his interest in the bank and specifically its Discount Bank of New York subsidiary.

"Safra said he was interested in acquiring IDB along with its New York subsidiary," said a finance ministry spokesman. A report in the Globes economic daily Tuesday, July 16, said Safra conditioned any deal on allowing a merger with three smaller …

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