Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - consolidated
Euro-Trade Bank Ltd. and its subsidiaries, Main data, NIS million
Taken from the quarterly report to 31.03.2002. Adjusted to the CPI for  03.2002.
Summary consolidated balance sheet	31.03.2002	31.12.2001	Bank's share of the banking system
			31.03.2002	31.12.2001
Cash and deposits in banks	78	67	0.1%	0.1%
Securities	59	80	0.1%	0.1%
Credit to the public	217	205	0.0%	0.0%
Credit to the government	0	0	0.0%	0.0%
Investments in companies included on an equity basis	0	0	0.0%	0.0%
Buildings and equipment	2	2	0.0%	0.0%
Other assets	9	13	0.0%	0.1%
Total assets	365	367	0.0%	0.0%
Deposits of the public	275	276	0.0%	0.0%
Deposits of banks	20	19	0.1%	0.1%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	2	2	0.0%	0.0%
Other liabilities	13	14	0.1%	0.1%
Total liabilities	309	311	0.0%	0.0%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	56	56	0.1%	0.1%
Summary consolidated profit and loss statement	Three months to		Bank's share of the banking system
			Three months to
	31.03.2002	31.03.2001	31.03.2002	31.03.2001
Net interest profit before loan-loss provision	4.5	4.2	0.1%	0.1%
Loan-loss provision	0.0	0.2	0.0%	0.0%
Operating and other income	1.3	0.7	0.1%	0.0%
Of which: Operating income	1.3	0.7	0.1%	0.0%
Operating and other expenses	3.5	3.9	0.1%	0.1%
Of which: Salaries and related expenses	1.7	2.1	0.1%	0.1%
Ordinary before-tax provision	2.4	0.8	0.2%	0.1%
Provision for taxes on ordinary profit	0.4	0.2	0.1%	0.0%
Ordinary after-tax profit	2.0	0.6	0.4%	0.1%
Bank's share in the profit of subsidiaries	0.0	0.0
Share of minority shareholders in profit of consolidated companies	0.0	0.0
Extraordinary after-tax profit	0.0	0.3
Net profit	2.0	0.9	0.5%	0.1%
Profit after the effect of the difference between the known index and the "in lieu" index	2.4	1.0	0.4%	0.1%
Balances and rates of return on financial items by indexation base on 31.03.2002	Unindexed NIS	CPI-indexed  NIS	Foreign Currency (1)	Total financial items
Balance of financial assets on balance-sheet date	159	69	135	362
Balance of financial liabilities on balance-sheet date	201	21	85	308
Excess of financial assets over financial liabilities	-42	48	50	55
Total indexation balance (incl.forwards and options in term of basis assets) 2	6	48	1	55
Rate of income on assets (percent) 3	-0.81	3.88	32.13	6.45
Rate of expenditure on liabilities (percent) 3	5.14	-3.96	-12.47	0.32
Interest-rate differential	4.33	-0.08	19.66	6.77
Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	14.18	16.45
Total credit  to problem borrowers	14.18	16.45
Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	15.32	15.23
Finanancial capital/equity ratio	97.96	96.53
Equity/risk-weighted-assets ratio	27.58	25.92
Return on equity (net profit/gross weighted-capital ratio) 4	14.87	9.12
Operating income/operating expenses ratio 5	38.14	21.77
1 Including foreign-currency indexed NIS.
2 Forwards transactions.
3 Three-month rate of income (expenses), on annual basis including ALM derivatives.
4 Annual basis.
5 For three months. Comparative data are annual.
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