Israel Discount Bank - Recanati

Reverse

Reverse: Outlines of the cities of Jerusalem, Tel Aviv and New York, exemplifying the domestic and international nature of the Bank's operations; various local coins in use during the fifty years of the Bank's existence, the Bank's logo; the name of the Bank in Hebrew and English; the jubilee years 1935-1985.

Edge

Lettering: The State emblem with the words "State of Israel" in Hebrew and English.

Comment

Fifty years have pased since the late Leon Recanati, President of the Jewish community of Salonika and a leader of the Zionist movement in Greece, immigrated with his family to the Land of Israel and, in April 1935, opened the first office of the Palestine Discount Bank in Tel Aviv. At that time, more than fifty banks were in operation in the country. At the date of Leon Recanati's death in 1945, the bank was one of the three largest banking institutions in Israel. After the death of its founder, the bank continued to build on the solid foundations he had established, developing over the years into one of the 200 largest and most modern commercial banking institutions in the free world. Today, the Discount Bank Group comprises a thriving banking group of international stature, supplying a full range of domestic and international banking and financial services from a network of 270 branches in Israel and abroad, supported by subsidiary banks and finance companies, agencies and representative offices in Israel, the Western Hemisphere and Europe

Price

Date	Mintage	VG	F	VF	XF	AU	UNC
1985	10968	-	-	-	-	-	-

Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for Israel Discount Bank - Recanati 1985 item.