| Information and Reporting Unit, Banking Supervision Division | 03/09/2001 | ||||
| Statement for the second quarter - consolidated | |||||
| United Mizrahi Bank Ltd. and its subsidiaries, Main data, NIS million | |||||
| Taken from the quarterly report to 30.06.2001. Adjusted to the CPI for 06.2001. | |||||
| Summary consolidated balance sheet | 30.06.2001 | 31.12.2000 | Bank's share of the banking system | ||
| 30.06.2001 | 31.12.2000 | ||||
| Cash and deposits in banks | 15,266 | 13,426 | 12.9% | 11.1% | |
| Securities | 2,278 | 2,452 | 2.7% | 2.8% | |
| Credit to the public | 53,911 | 51,981 | 10.4% | 10.5% | |
| Credit to the government | 85 | 109 | 0.9% | 0.8% | |
| Investments in companies included on an equity basis | 142 | 147 | 3.7% | 3.6% | |
| Buildings and equipment | 811 | 799 | 8.7% | 8.8% | |
| Other assets | 614 | 609 | 4.4% | 4.9% | |
| Total assets | 73,107 | 69,523 | 9.6% | 9.4% | |
| Deposits of the public | 62,810 | 59,564 | 10.0% | 9.7% | |
| Deposits of banks | 2,893 | 2,852 | 12.4% | 13.5% | |
| Deposits of the government | 1,108 | 1,123 | 5.7% | 5.8% | |
| Bonds and subordinated notes | 2,111 | 2,035 | 6.5% | 7.2% | |
| Other liabilities | 983 | 898 | 5.2% | 5.2% | |
| Total liabilities | 69,905 | 66,472 | 9.7% | 9.5% | |
| Quasi-capital items | 0 | 0 | 0.0% | 0.0% | |
| Minority shareholders' rights | 220 | 206 | |||
| Equity | 2,982 | 2,845 | 7.7% | 7.6% | |
| Summary consolidated profit and loss statement | Six months to | Bank's share of the banking system | Three months to | ||
| Six months to | |||||
| 30.06.2001 | 30.06.2000 | 30.06.2001 | 30.06.2000 | 30.06.2001 | |
| Net interest profit before loan-loss provision | 624.0 | 636.0 | 7.4% | 8.0% | 341.0 |
| Loan-loss provision | 77.0 | 103.0 | 5.9% | 9.5% | 40.0 |
| Operating and other income | 401.0 | 431.0 | 8.3% | 8.4% | 197.0 |
| Of which: Operating income | 356.0 | 381.0 | 9.0% | 9.1% | 175.0 |
| Operating and other expenses | 628.0 | 624.0 | 7.4% | 7.4% | 309.0 |
| Of which: Salaries and related expenses | 406.0 | 393.0 | 7.5% | 7.4% | 197.0 |
| Ordinary before-tax provision | 320.0 | 353.0 | 9.4% | 9.8% | 189.0 |
| Provision for taxes on ordinary profit | 155.0 | 173.0 | 8.8% | 9.6% | 97.0 |
| Ordinary after-tax profit | 165.0 | 167.0 | 10.0% | 9.3% | 92.0 |
| Bank's share in the profit of subsidiaries | 2.0 | 35.0 | -1.0 | ||
| Share of minority shareholders in profit of consolidated companies | -14.0 | -12.0 | -7.0 | ||
| Extraordinary after-tax profit | -1.0 | -10.0 | -1.0 | ||
| Net profit | 152.0 | 180.0 | 10.3% | 7.7% | 83.0 |
| Profit after the effect of the difference between the known index and the "in lieu" index | 160.0 | 184.0 | 10.3% | 7.8% | |
| Balances and rates of return on financial items by indexation base on 30.06.2001 | Unindexed NIS | CPI-indexed NIS | Foreign Currency (1) | Total financial items | |
| Balance of financial assets on balance-sheet date | 21946 | 33288 | 16823 | 72057 | |
| Balance of financial liabilities on balance-sheet date | 26738 | 30297 | 12820 | 69855 | |
| Excess of financial assets over financial liabilities | -4792 | 2991 | 4003 | 2202 | |
| Total indexation balance (incl.forwards and options in term of basis assets) 2 | -66 | 2295 | -27 | 2202 | |
| Rate of income on assets (percent) 3 | 7 | 5 | 6 | 6 | |
| Rate of expenditure on liabilities (percent) 3 | -4 | -5 | -5 | -4 | |
| Interest-rate differential | 3 | 1 | 1 | 1 | |
| Main financial ratios - consolidated (percent) | 30.06.2001 | 31.12.2000 | |||
| Equity/balance-sheet ratio | 4.08 | 4.09 | |||
| Finanancial capital/equity ratio | 73.84 | 72.90 | |||
| Equity/risk-weighted-assets ratio | 9.30 | 9.30 | |||
| Return on equity (net profit/gross weighted-capital ratio) 4 | 11.00 | 13.20 | |||
| Operating income/operating expenses ratio 5 | 63.85 | 69.07 | |||
| 1 Including foreign-currency indexed NIS. | |||||
| 2 Forwards transactions. | |||||
| 3 Six-month rate of income (expenses), on annual basis including ALM derivatives. | |||||
| 4 Annual basis. | |||||
| 5 For six months. Comparative data are annual. | |||||
| 11 | |||||