Israel Discount Bank Conference Call Q1 2011 Interim Report Tuesday, 31st May, 2011 at 16.00 (Israel); 14.00 (UK); 09.00 (EST)

TEL AVIV, Israel, May 17, 2011 - Israel Discount Bank Limited (TASE: DSCT) announced today that it will be
releasing its financial results for the first quarter 2011 on Tuesday, 31st
May, 2011.

(Logo:
www.newscom.com/cgi-bin/prnh/20100810/403645 )

The Bank will be hosting a conference call on Tuesday, 31st May,
2011 at 16.00 (Israel), 14:00 (UK), 09:00 (EST) during which management will
review the results and be available to answer questions. Participating from
Israel Discount Bank are Mr. Reuven Spiegel, President & CEO, Mr. Yossi
Beressi -Senior EVP & Chief Accountant and Ms. Dorit Bensimon EVP & Head of
Finance.

To participate, please call one of the following teleconferencing
numbers. Please begin placing your calls at least 10 minutes before the
conference call commences.

    Israel & other International Dial-in Number  +972-3-918-0610

    United Kingdom Dial-in Number                0-800-917-5108

    United States Dial-in Number                 +1-888-407-2553

Presentation material will be available on our website prior to
the call accessible at

phx.corporate-ir.net/phoenix.zhtml?c=166348&p=irol-irhome

A replay will be available after the call on our IR website, and
from 31st May, 2011 through 8th June, 2011 by dialing Israel +972 3 9255927,
United Kingdom, 0-800-917-4256, United States 1-888-326-9310.

About Israel Discount Bank

Israel Discount Bank is a leading financial group in Israel. With
nationwide coverage, Israel Discount Bank provides a full spectrum of
corporate and retail financial products and services to its clients, both in
Israel and key financial centers around the world. Israel Discount Bank is
traded on the Tel-Aviv Stock Exchange under the ticker DSCT. For additional
information, please visit the Company's investor relations website at
www.discountbank.co.il/IR

    Company Contact
    Barry Simon
    Head of Investor Relations
    Tel: +972-3-5146593
    barry.simon@discountbank.co.il

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