Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - bank
Leumi Mortgage 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	135	874	45.4%	82.7%
Securities	0	0	0.0%	0.0%
Credit to the public	28,685	28,409	27.8%	27.8%
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	37	35	15.1%	14.4%
Other assets	192	168	61.2%	58.5%
Total assets	29,049	29,486	27.9%	28.4%
Deposits of the public	7,099	7,319	16.9%	17.1%
Deposits of banks	18,872	18,987	37.2%	38.1%
Deposits of the government	448	567	34.0%	37.9%
Bonds and subordinated notes	1,187	1,209	31.8%	32.8%
Other liabilities	91	73	18.9%	16.2%
Total liabilities	27,697	28,155	28.2%	28.7%
Quasi-capital items	0	0	0.0%	0.0%
Equity	1,352	1,331	23.3%	23.4%
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	47.0	51.0	18.4%	21.1%
Loan-loss provision	15.0	13.0	25.5%	23.0%
Operating and other income	51.0	37.0	23.2%	18.4%
Of which: Operating income	51.0	38.0	23.8%	19.2%
Operating and other expenses	38.0	42.0	22.5%	24.0%
Of which: Salaries and related expenses	18.0	26.0	20.3%	26.1%
Ordinary before-tax provision	45.0	33.0	18.2%	15.6%
Provision for taxes on ordinary profit	24.0	17.0	20.8%	16.7%
Ordinary after-tax profit	21.0	16.0	16.0%	14.5%
Bank's share in the profit of subsidiaries	0.0	0.0
Share of minority shareholders in profit of consolidated companies
Extraordinary after-tax profit	0.0	0.0
Net profit	21.0	16.0	16.1%	14.6%
Profit after the effect of the difference between the known index and the "in lieu" index	26.0	20.0	16.1%	15.9%
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	1,170	26,217	1,610	28,997
Balance of financial liabilities on balance-sheet date	511	25,519	1,633	27,663
Excess of financial assets over financial liabilities	659	698	-23	1,334
Additional information on the CPI-indexed sector for the three months to 31.03.2002	Average balance for three months	Net three monthly interest income (expenses)		Rate of income  (expenditure) (2)
Total financial assets	26,026	223.0		3.47
Total financial liabilities	25,925	-182.0		-2.84
Interest-rate differential				0.63
Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	878.00	868.00
Total credit  to problem borrowers	878.00	868.00
Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	4.65	4.51
Finanancial capital/equity ratio	98.67	98.50
Equity/risk-weighted-assets ratio	9.22	9.09
Return on equity (net profit/gross weighted-capital ratio) (3)	6.30	9.10
Operating income/operating expenses ratio (4)	134.21	103.27
1 Including foreign-currency indexed NIS.
2 three-month rate of income (expenses), on annual basis including ALM derivatives.
3 Annual basis.
4 For three months. Comparative data are annual.
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