Corporate News

To our valued clients and partners, 

We are excited to welcome Gallatin Point Capital, a Private Equity fund specializing in Financial Services, to the IDB family. Today, August 14^th 2024, we announced, alongside our parent company Discount Group, that Gallatin Point Capital has made a strategic investment in IDB, securing a non-controlling stake in our organization. With their investment and commitment, the Bank is better positioned to accelerate our long-term growth agenda, and scale our operations to better serve our clients in the future. 

Gallatin Point is a private U.S. institutional investment fund with a special focus in financial services, loans, insurance, asset management, financial technology, real estate financing, banking, and capital markets. Our new partnership opens new opportunities for IDB as we strive to expand our customer base and enhance the services we provide them. 

Importantly, we enter this new chapter with great institutional strength and a fortified balance sheet, maintaining our growth metric, with strong capital and liquidity ratios, and with alignment on the fundamental mission to operate as a relationship bank that embraces an “It’s Personal” culture. 

Further, as we take this next step, Discount Group maintains its controlling share of IDB and remains committed to our business and to our clients and communities in the United States, Latin America and Israel. 

As always, we are here to support you. Should you have any questions regarding our partnership with Gallatin Point Capital, please contact your relationship manager. 

We thank you for your continued relationship with our organization. 

Kind regards, 

Ziv Biron
President & CEO, IDB Bank