Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - consolidated
Bank of Jerusalem 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	568	486	0.6%	0.4%
Securities	271	272	0.3%	0.3%
Credit to the public	5,352	5,309	1.0%	0.9%
Credit to the government	0	0	0.0%	0.0%
Investments in companies included on an equity basis	4	3	0.1%	0.1%
Buildings and equipment	59	60	0.6%	0.6%
Other assets	26	20	0.1%	0.1%
Total assets	6,279	6,150	0.8%	0.8%
Deposits of the public	5,143	5,024	0.8%	0.7%
Deposits of banks	481	444	2.0%	2.1%
Deposits of the government	76	76	0.4%	0.4%
Bonds and subordinated notes	226	257	0.6%	0.7%
Other liabilities	40	42	0.2%	0.2%
Total liabilities	5,967	5,842	0.8%	0.8%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	313	308	0.8%	0.8%
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	21.2	23.3	0.5%	0.5%
Loan-loss provision	6.1	0.6	0.5%	0.1%
Operating and other income	22.9	22.6	0.9%	0.9%
Of which: Operating income	23.4	21.8	1.1%	1.1%
Operating and other expenses	32.0	32.0	0.7%	0.7%
Of which: Salaries and related expenses	18.8	19.6	0.7%	0.7%
Ordinary before-tax provision	6.0	13.3	0.6%	0.9%
Provision for taxes on ordinary profit	1.9	6.1	0.3%	0.8%
Ordinary after-tax profit	4.1	7.2	0.9%	1.0%
Bank's share in the profit of subsidiaries	0.9	0.0
Share of minority shareholders in profit of consolidated companies	0.0	0.0
Extraordinary after-tax profit	0.0	0.0
Net profit	5.0	7.2	1.3%	1.1%
Profit after the effect of the difference between the known index and the "in lieu" index	5.8	7.6	1.1%	1.1%
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	1,212	3,856	1,086	6,154
Balance of financial liabilities on balance-sheet date	1,379	3,664	921	5,964
Excess of financial assets over financial liabilities	-167	192	166	190
Total indexation balance (incl.forwards and options in term of basis assets) 2	-97	257	30	190
Rate of income on assets (percent) 3	-2.75	3.27	17.28	3.77
Rate of expenditure on liabilities (percent) 3	5.42	-2.69	-14.28	-2.53
Interest-rate differential	2.67	0.58	3.00	1.24
Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	324.00	לא דיווח
Total credit  to problem borrowers	270.00	0.00
Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	4.98	5.01
Finanancial capital/equity ratio	60.68	58.79
Equity/risk-weighted-assets ratio	10.60	10.90
Return on equity (net profit/gross weighted-capital ratio) 4	6.60	7.80
Operating income/operating expenses ratio 5	71.56	72.85
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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