Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - bank
Industrial Dev. Bank Ltd., 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	542	710	0.6%	0.6%
Securities	211	233	0.2%	0.2%
Credit to the public	11,927	11,975	2.1%	2.1%
Credit to the government	1,024	1,015	11.0%	11.0%
Investments in companies included on an equity basis	1	1	0.0%	0.0%
Buildings and equipment	12	13	0.1%	0.1%
Other assets	145	200	0.8%	1.2%
Total assets	13,861	14,148	1.7%	1.7%
Deposits of the public	3,965	4,258	0.6%	0.6%
Deposits of banks	789	891	3.3%	4.2%
Deposits of the government	7,875	7,678	41.5%	39.4%
Bonds and subordinated notes	36	35	0.1%	0.1%
Other liabilities	221	270	1.0%	1.3%
Total liabilities	12,886	13,131	1.7%	1.7%
Quasi-capital items	335	324	100.0%	100.0%
Equity	640	692	1.6%	1.7%
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	26.2	37.3	0.6%	0.9%
Loan-loss provision	41.5	8.5	3.1%	1.3%
Operating and other income	2.8	3.8	0.1%	0.2%
Of which: Operating income	4.4	5.1	0.2%	0.3%
Operating and other expenses	21.5	22.9	0.5%	0.5%
Of which: Salaries and related expenses	14.4	14.1	0.5%	0.5%
Ordinary before-tax provision	-34.0	9.7	-3.4%	0.7%
Provision for taxes on ordinary profit	-0.3	2.0	-0.1%	0.3%
Ordinary after-tax profit	-33.7	7.7	-7.5%	1.1%
Bank's share in the profit of subsidiaries	-0.5	0.0
Share of minority shareholders in profit of consolidated companies
Extraordinary after-tax profit	3.1	2.9
Net profit	-31.1	10.6	-7.8%	1.7%
Profit after the effect of the difference between the known index and the "in lieu" index	-29.5	10.9	-5.4%	1.6%
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	1,847	2,711	9,257	13,815
Balance of financial liabilities on balance-sheet date	2,081	1,868	8,927	12,876
Excess of financial assets over financial liabilities	-234	843	329	938
Total indexation balance (incl.forwards and options in term of basis assets) 2	73	843	23	938
Rate of income on assets (percent) 3	-3.11	2.27	21.06	13.61
Rate of expenditure on liabilities (percent) 3	4.97	-2.16	-20.40	-13.18
Interest-rate differential	1.86	0.11	0.66	0.44
Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	1,402.00	1,324.30
Total credit  to problem borrowers	1,326.60	1,243.30
Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	4.62	4.89
Finanancial capital/equity ratio	146.54	140.99
Equity/risk-weighted-assets ratio	13.80	13.90
Return on equity (net profit/gross weighted-capital ratio) 4	-16.80	-2.67
Operating income/operating expenses ratio 5	13.02	23.49
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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