Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - consolidated
Investec  Bank (Israel) 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	2,421	3,387	2.5%	2.9%
Securities	1,607	983	1.6%	1.0%
Credit to the public	1,750	1,707	0.3%	0.3%
Credit to the government	47	46	0.5%	0.5%
Investments in companies included on an equity basis	3	4	0.1%	0.1%
Buildings and equipment	109	109	1.1%	1.1%
Other assets	131	150	0.7%	0.9%
Total assets	6,067	6,385	0.8%	0.8%
Deposits of the public	5,297	5,499	0.8%	0.8%
Deposits of banks	54	52	0.2%	0.2%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	214	328	1.0%	1.5%
Total liabilities	5,565	5,879	0.7%	0.8%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	502	506	1.2%	1.3%
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	26.6	21.2	0.6%	0.5%
Loan-loss provision	7.4	16.3	0.6%	2.5%
Operating and other income	20.2	18.0	0.8%	0.7%
Of which: Operating income	19.6	17.1	0.9%	0.8%
Operating and other expenses	32.8	31.0	0.8%	0.7%
Of which: Salaries and related expenses	17.5	17.3	0.7%	0.6%
Ordinary before-tax provision	6.6	-8.1	0.7%	-0.6%
Provision for taxes on ordinary profit	1.8	-3.2	0.3%	-0.4%
Ordinary after-tax profit	4.8	-4.9	1.1%	-0.7%
Bank's share in the profit of subsidiaries	-0.1	0.3
Share of minority shareholders in profit of consolidated companies	0.0	0.0
Extraordinary after-tax profit	0.0	0.0
Net profit	4.7	-4.6	1.2%	-0.7%
Profit after the effect of the difference between the known index and the "in lieu" index	6.6	-3.6	1.2%	-0.5%
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	2,963	455	2,466	5,884
Balance of financial liabilities on balance-sheet date	3,159	88	2,254	5,501
Excess of financial assets over financial liabilities	-196	368	212	383
Total indexation balance (incl.forwards and options in term of basis assets) 2	16	368	-1	383
Rate of income on assets (percent) 3	-4.74	2.99	14.26	3.03
Rate of expenditure on liabilities (percent) 3	5.93	-3.27	-13.05	-1.83
Interest-rate differential	1.19	-0.27	1.21	1.20
Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	104.10	140.90
Total credit  to problem borrowers	101.50	139.00
Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	8.28	7.93
Finanancial capital/equity ratio	76.25	76.64
Equity/risk-weighted-assets ratio	18.70	19.20
Return on equity (net profit/gross weighted-capital ratio) 4	3.80	0.02
Operating income/operating expenses ratio 5	61.59	55.30
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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