Information and Reporing Unit, Banking Supervision Division 09/09/2002
Statement for the second quarter - consolidated
Bank Leumi Le-Israel B.M. and its subsidiaries, Main data, NIS million
Taken from the quarterly report to 30.06.2002. Adjusted to the CPI for  06.2002.
Summary consolidated balance sheet 30.06.2002 31.12.2001 Bank's share of the banking system
30.06.2002 31.12.2001
Cash and deposits in banks 20,611 26,166 22.3% 21.9%
Securities 37,523 41,845 34.1% 39.6%
Credit to the public 172,843 169,841 29.9% 29.3%
Credit to the government 1,510 1,326 16.8% 13.8%
Investments in companies included on an equity basis 1,424 1,484 33.9% 34.4%
Buildings and equipment 2,524 2,471 24.6% 24.0%
Other assets 6,677 5,884 30.9% 33.5%
Total assets 243,112 249,017 29.4% 29.4%
Deposits of the public 201,506 210,028 29.7% 29.9%
Deposits of banks 5,266 3,737 22.3% 16.7%
Deposits of the government 3,327 3,711 17.5% 18.3%
Bonds and subordinated notes 10,738 9,787 28.9% 27.2%
Other liabilities 8,525 8,101 33.7% 36.5%
Total liabilities 229,362 235,364 29.3% 29.3%
Quasi-capital items 0 0 0.0% 0.0%
Minority shareholders' rights 500 456    
Equity 13,250 13,197 32.1% 31.5%
Summary consolidated profit and loss statement Six months to Bank's share of the banking system Three months to
Six months to
30.06.2002 30.06.2001 30.06.2002 30.06.2001 30.06.2002
Net interest profit before loan-loss provision 2,334.0 2,666.0 39.0% 29.8% 987.0
Loan-loss provision 696.0 289.0 42.2% 20.8% 329.0
Operating and other income 1,480.0 1,398.0 37.6% 27.1% 737.0
Of which: Operating income 1,251.0 1,093.0 37.9% 25.9% 618.0
Operating and other expenses 2,525.0 2,559.0 39.4% 28.2% 1244.0
Of which: Salaries and related expenses 1,580.0 1,689.0 40.4% 29.3% 761.0
Ordinary before-tax provision 593.0 1,216.0 31.8% 33.5% 151.0
Provision for taxes on ordinary profit 250.0 585.0 27.8% 31.2% 62.0
Ordinary after-tax profit 343.0 631.0 35.5% 36.0% 89.0
Bank's share in the profit of subsidiaries 6.0 48.0     18.0
Share of minority shareholders in profit of consolidated companies -43.0 0.0     -29.0
Extraordinary after-tax profit -2.0 6.0     -1.0
Net profit 304.0 685.0 33.4% 43.4% 77.0
Profit after the effect of the difference between the known index and the "in lieu" index 426.0 713.0 34.9% 42.9%  
Balances and rates of return on financial items by indexation base on 30.06.2002 Unindexed NIS CPI-indexed  NIS Foreign Currency (1) Total financial items
Balance of financial assets on balance-sheet date 67,953 61,065 107,691 236,709
Balance of financial liabilities on balance-sheet date 74,625 53,961 99,732 228,318
Excess of financial assets over financial liabilities -6,672 7,104 7,959 8,391
Total indexation balance (incl.forwards and options in term of basis assets) 2 2,197 6,117 77 8,391
Rate of income on assets (percent) 3 -6.25 2.79 12.04 3.40
Rate of expenditure on liabilities (percent) 3 8.24 -1.95 -9.80 -1.72
Interest-rate differential 1.99 0.83 2.24 1.68
Problem borrowers 30.06.2002 31.12.2001
Total credit risk dew to problem borrowers 17,259 18,346
Total credit  to problem borrowers 15,973 16,905
Main financial ratios - consolidated (percent) 30.06.2002 31.12.2001
Equity/balance-sheet ratio 5.45 5.30
Finanancial capital/equity ratio 63.33 63.48
Equity/risk-weighted-assets ratio 10.30 9.70
Return on equity (net profit/gross weighted-capital ratio) 4 4.70 7.80
Operating income/operating expenses ratio 5 58.61 53.21
 
1 Including foreign-currency indexed NIS.          
2 Forwards transactions.
3 Six-month rate of income (expenses), on annual basis including ALM derivatives.
4 Annual basis.
5 For six months. Comparative data are annual.
5