Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - consolidated
The First International Bank of 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	13,433	14,548	13.9%	12.7%
Securities	3,135	3,283	3.1%	3.2%
Credit to the public	49,100	48,888	8.7%	8.7%
Credit to the government	224	197	2.4%	2.1%
Investments in companies included on an equity basis	16	16	0.4%	0.4%
Buildings and equipment	722	734	7.3%	7.4%
Other assets	1,527	1,465	8.6%	8.6%
Total assets	68,157	69,131	8.5%	8.5%
Deposits of the public	58,669	60,551	8.9%	9.0%
Deposits of banks	1,694	917	7.2%	4.3%
Deposits of the government	609	626	3.2%	3.2%
Bonds and subordinated notes	2,238	2,186	6.2%	6.3%
Other liabilities	1,596	1,433	7.1%	6.7%
Total liabilities	64,806	65,713	8.5%	8.5%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	155	151
Equity	3,196	3,267	7.9%	8.1%
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	307.0	318.0	7.5%	7.4%
Loan-loss provision	294.0	31.0	21.9%	4.7%
Operating and other income	183.0	174.0	7.2%	7.2%
Of which: Operating income	162.0	146.0	7.6%	7.2%
Operating and other expenses	290.0	311.0	6.8%	6.8%
Of which: Salaries and related expenses	184.0	199.0	6.9%	6.7%
Ordinary before-tax provision	-94.0	150.0	-9.3%	10.3%
Provision for taxes on ordinary profit	-28.0	83.0	-5.0%	11.3%
Ordinary after-tax profit	-66.0	67.0	-14.7%	9.2%
Bank's share in the profit of subsidiaries	0.0	0.0
Share of minority shareholders in profit of consolidated companies	-4.0	-3.0
Extraordinary after-tax profit	0.0	0.0
Net profit	-70.0	64.0	-17.5%	10.2%
Profit after the effect of the difference between the known index and the "in lieu" index	-54.0	70.0	-9.8%	10.1%
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	25,631	17,584	23,956	67,171
Balance of financial liabilities on balance-sheet date	29,143	13,731	21,925	64,799
Excess of financial assets over financial liabilities	-3,512	3,853	2,031	2,372
Total indexation balance (incl.forwards and options in term of basis assets) 2	-852	3,807	-583	2,372
Rate of income on assets (percent) 3	-4.14	3.10	13.86	1.39
Rate of expenditure on liabilities (percent) 3	5.49	-2.06	-11.02	0.32
Interest-rate differential	1.36	1.03	2.84	1.71
Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	3,659.00	3,567.00
Total credit  to problem borrowers	3,261.00	3,241.00
Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	4.69	4.73
Finanancial capital/equity ratio	74.22	74.32
Equity/risk-weighted-assets ratio	9.40	9.70
Return on equity (net profit/gross weighted-capital ratio) 4	-8.30	5.50
Operating income/operating expenses ratio 5	63.10	60.25
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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