Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - bank
Azmauth Mortgage and Development 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	0	0	0.1%	0.0%
Securities	0	0	0.0%	0.0%
Credit to the public	2,014	1,993	1.9%	1.9%
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	5	6	2.2%	2.3%
Other assets	4	5	1.1%	1.8%
Total assets	2,023	2,004	1.9%	1.9%
Deposits of the public	352	363	0.8%	0.8%
Deposits of banks	1,446	1,415	2.8%	2.8%
Deposits of the government	50	56	3.8%	3.8%
Bonds and subordinated notes	11	11	0.3%	0.3%
Other liabilities	7	8	1.5%	1.7%
Total liabilities	1,867	1,852	1.9%	1.9%
Quasi-capital items	0	0	0.0%	0.0%
Equity	156	152	2.7%	2.7%
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	6.6	7.2	2.6%	3.0%
Loan-loss provision	0.5	0.9	0.9%	1.6%
Operating and other income	6.6	6.5	3.0%	3.2%
Of which: Operating income	6.5	6.3	3.0%	3.2%
Operating and other expenses	4.7	5.6	2.8%	3.2%
Of which: Salaries and related expenses	2.6	3.4	2.9%	3.4%
Ordinary before-tax provision	8.0	7.2	3.2%	3.4%
Provision for taxes on ordinary profit	4.0	3.4	3.5%	3.3%
Ordinary after-tax profit	4.0	3.8	3.0%	3.4%
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	4.0	3.8	3.1%	3.5%
Profit after the effect of the difference between the known index and the "in lieu" index	4.7	4.1	2.9%	3.3%
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	91	1,899	28	2,018
Balance of financial liabilities on balance-sheet date	100	1,735	30	1,865
Excess of financial assets over financial liabilities	-9	164	-2	153
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	1,883	15.9		3.42
Total financial liabilities	1,728	-10.8		-2.52
Interest-rate differential				0.90
Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	103.60	102.20
Total credit  to problem borrowers	103.60	102.20
Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	7.73	7.60
Finanancial capital/equity ratio	97.57	97.31
Equity/risk-weighted-assets ratio	12.60	12.70
Return on equity (net profit/gross weighted-capital ratio) (3)	10.80	11.10
Operating income/operating expenses ratio (4)	140.43	116.22
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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