Contact

511 Fifth Avenue
New York, NY 10017

P: (212) 551-8121
F: (212)551-8567
W: www.idbny.com

Management

  • Roy Grossman: Sr. Vice President, Department Head
  • Reuven Spiegel: President & Chief Executive Officer
  • Joseph Beressi : Senior Executive Vice President
  • Esther Deutsch: Senior Executive VP and Advocate

Summary

Israel Discount Bank Limited (also known by its registered service mark, IDB Bank) and its subsidiaries provide commercial banking and financial services in Israel and internationally. For more than 40 years, the company has been serving mid-sized companies in many industries, including textiles, electronics, retail, food, commodities, media and entertainment and financial services.

IDB Factors, a division of IDB Bank, is a full-service factor specializing in designing creative and innovative factoring and financing packages. IDB Factors products include:

  • Facilities ranging in $5 million to $15+ million.
  • Working capital facilities secured by accounts receivable and inventory.
  • Term loans secured by machinery and equipment, real estate and intangibles.
  • Trade and finance services/letters of credit. IDB Bank's provides its Automated Letter of Credit Customer Initiation System, a personalized Internet-based letter of credit system. 
  • Debt restructuring and refinancing.

Size of Loans

  • $5,000,000 - $15,000,000
  • $15,000,000 plus

Available Financing

  • ABL
  • Accounts Receivable Financing
  • Factoring Non-Recourse
  • Factoring Recourse
  • Trade Finance

Industries

  • Energy
  • Food
  • Manufacturing
  • Retail
  • Staffing
  • Steel
  • Other

Recent Transactions

BorrowerIndustryAmount (M)QuarterYear
Asta Funding, Inc.Provider/Liquidation Services175.032006