Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - consolidated
The Maritime 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	320	207	0.3%	0.2%
Securities	214	214	0.2%	0.2%
Credit to the public	759	740	0.1%	0.1%
Credit to the government	0	0	0.0%	0.0%
Investments in companies included on an equity basis	16	16	0.4%	0.4%
Buildings and equipment	25	25	0.3%	0.3%
Other assets	82	86	0.5%	0.5%
Total assets	1,415	1,287	0.2%	0.2%
Deposits of the public	869	846	0.1%	0.1%
Deposits of banks	175	53	0.7%	0.2%
Deposits of the government	5	5	0.0%	0.0%
Bonds and subordinated notes	10	20	0.0%	0.1%
Other liabilities	106	114	0.5%	0.5%
Total liabilities	1,165	1,038	0.2%	0.1%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	251	249	0.6%	0.6%
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	9.7	10.7	0.2%	0.3%
Loan-loss provision	1.2	0.4	0.1%	0.1%
Operating and other income	5.3	6.8	0.2%	0.3%
Of which: Operating income	3.7	4.5	0.2%	0.2%
Operating and other expenses	10.4	12.2	0.2%	0.3%
Of which: Salaries and related expenses	5.1	5.9	0.2%	0.2%
Ordinary before-tax provision	3.4	4.9	0.3%	0.3%
Provision for taxes on ordinary profit	0.8	0.9	0.1%	0.1%
Ordinary after-tax profit	2.6	4.0	0.6%	0.6%
Bank's share in the profit of subsidiaries	0.2	0.1
Share of minority shareholders in profit of consolidated companies	0.0	0.0
Extraordinary after-tax profit	-0.3	0.0
Net profit	2.5	4.1	0.6%	0.7%
Profit after the effect of the difference between the known index and the "in lieu" index	3.3	4.5	0.6%	0.6%
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	465	255	645	1,365
Balance of financial liabilities on balance-sheet date	646	45	471	1,162
Excess of financial assets over financial liabilities	-181	209	175	203
Total indexation balance (incl.forwards and options in term of basis assets) 2	-5	209	-1	203
Rate of income on assets (percent) 3	-4.54	2.87	13.33	2.02
Rate of expenditure on liabilities (percent) 3	5.29	0.83	-11.48	-0.66
Interest-rate differential	0.76	3.70	1.84	1.36
Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	50.73	24.96
Total credit  to problem borrowers	37.34	12.64
Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	17.73	19.37
Finanancial capital/equity ratio	80.87	80.58
Equity/risk-weighted-assets ratio	20.10	21.70
Return on equity (net profit/gross weighted-capital ratio) 4	4.10	7.80
Operating income/operating expenses ratio 5	50.96	52.52
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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