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Israel Discount Bank announced on Thursday that it may sell its Uruguayan operations.
The subsidiary, Discount Bank Latin America, primarily focuses on the Uruguayan retail segment. The Tel Aviv-based parent company also has representative offices in Argentina, Chile, Brazil, Mexico and Peru.
Discount also announced that it had received several non-binding offers for its New York unit.
At the end of 2012, the Uruguayan subsidiary posted equity of 1.64bn pesos (US$73.5mn currently). Its retail loan book reached 3.03bn pesos, while retail deposits were 19.9bn pesos. After-tax profits came to 63.2mn pesos for the year.
Discount Bank is Israel's third largest bank. In addition to its US and Latin American operations, it has a subsidiary in Switzerland and a branch in London.
Net profits from Discount Bank's international operations were up 32.1% in the first half of 2013, reaching 74mn shekels (US$20.8mn), according to the bank's latest financial statement.