
Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - consolidated
Otsar Hahayal 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
Summary consolidated balance sheet	31.03.2002	31.12.2001	31.03.2002	31.12.2001
Cash and deposits in banks	2,086	2,013	2.2%	1.8%
Securities	200	269	0.2%	0.3%
Credit to the public	6,103	6,132	1.1%	1.1%
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	111	104	1.1%	1.1%
Other assets	64	59	0.4%	0.3%
Total assets	8,564	8,577	1.1%	1.1%
Deposits of the public	7,626	7,765	1.2%	1.1%
Deposits of banks	88	22	0.4%	0.1%
Deposits of the government	17	21	0.1%	0.1%
Bonds and subordinated notes	257	195	0.7%	0.6%
Other liabilities	121	124	0.5%	0.6%
Total liabilities	8,110	8,127	1.1%	1.1%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	1	1
Equity	454	450	1.1%	1.1%

Summary consolidated profit and loss statement	Three months to		Bank's share of the banking system
	Three months to		Three months to
	31.03.2002	31.03.2001	31.03.2002	31.03.2001
Net interest profit before loan-loss provision	52.0	58.4	1.3%	1.4%
Loan-loss provision	4.8	2.3	0.4%	0.3%
Operating and other income	41.1	33.6	1.6%	1.4%
Of which: Operating income	35.8	29.9	1.7%	1.5%
Operating and other expenses	75.2	78.1	1.8%	1.7%
Of which: Salaries and related expenses	44.4	48.9	1.7%	1.6%
Ordinary before-tax provision	13.1	11.6	1.3%	0.8%
Provision for taxes on ordinary profit	5.1	6.8	0.9%	0.9%
Ordinary after-tax profit	8.0	4.8	1.8%	0.7%
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	-0.2
Net profit	8.0	4.6	2.0%	0.7%
Profit after the effect of the difference between the known index and the "in lieu" index	10.2	5.7	1.9%	0.8%

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	5,088	2,427	933	8,448
Balance of financial liabilities on balance-sheet date	5,070	2,231	804	8,104
Excess of financial assets over financial liabilities	18	196	129	343
Total indexation balance (incl.forwards and options in term of basis assets) 2	160	177	7	343
Rate of income on assets (percent) 3	-3.18	3.06	15.95	1.01
Rate of expenditure on liabilities (percent) 3	6.23	-2.49	-14.01	2.23
Interest-rate differential	3.05	0.57	1.94	3.24

Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	530.20	493.70
Total credit to problem borrowers	496.30	468.50

Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	5.30	5.25
Finanancial capital/equity ratio	75.59	77.42
Equity/risk-weighted-assets ratio	10.61	9.94
Return on equity (net profit/gross weighted-capital ratio) 4	7.27	2.70
Operating income/operating expenses ratio 5	54.65	47.08

^{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.}
					9