Israel Discount Bank of New York

Israel Discount Bank of New York is an American subsidiary of Israel Discount Bank (IDB). Israel Discount Bank of New York is focused on providing U.S. and international private bankind and corporate banking products and services. Israel Discount Bank of New York's offices outside the United States include representative offices that perform marketing functions, as well as a Cayman branch, which is used principally to offer offshore deposits to Israel Discount Bank of New York ’s private banking and international private banking customers. The Cayman branch has no staff, does not have a physical presence, and is not used to fund Israel Discount Bank.

Israel Discount Bank of New York has Category B banking license number 80023 issued by the Cayman Islands Monetary Authority. This type of license allows Israel Discount Bank of New York to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.

Bank Category

Category B (Banking & Trust)

There is no deposit guarantee scheme in the Cayman Islands: in the case of Israel Discount Bank of New York failure its depositors will not get any compensation.

Contacts

KY1-1107, Grand Cayman, Cayman Islands
694

Close Date
31 March 2016

Deposit Guarantee

Deposit Guarantee
No

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

There is no deposit guarantee scheme in the Cayman Islands.

In the case of Israel Discount Bank of New York failure its depositors will not be paid out any compensation.