Israel Discount Bank (TASE: DSCT) missed forecasts with an NIS 85 million loss for the second quarter of 2002.

In the parallel quarter the bank netted NIS 33 million.

Provision for doubtful debt rose 9% from the parallel quarter to NIS 217 million.

Nessuah Zannex analyst Ronit Goodman had predicted provision for doubtful debt of NIS 236 million, and that the bank would lose NIS 38 million. Ilanot Batucha analyst Alon Glazer opted for a loss of NIS 28 million for the quarter. He expected the bank to allow NIS 221 million for doubtful debt.

Leader & Co analyst Yuvan Ben Zeev was the only one to roughly hit the target, predicting a second-quarter loss of NIS 85 million, on provision for doubtful debt of NIS 230 million.

Discount's financing income sank 20% from the parallel quarter to NIS 613 million.