Information and Reporing Unit, Banking Supervision Division 09/09/2002
Statement for the second quarter - consolidated
Bank Hapoalim 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 26,682 30,341 28.9% 25.4%
Securities 27,666 21,957 25.2% 20.8%
Credit to the public 186,122 187,258 32.2% 32.3%
Credit to the government 5,421 6,198 60.2% 64.5%
Investments in companies included on an equity basis 1,254 1,269 29.8% 29.4%
Buildings and equipment 3,573 3,641 34.8% 35.4%
Other assets 6,320 4,720 29.2% 26.9%
Total assets 257,038 255,384 31.1% 30.1%
Deposits of the public 204,789 203,986 30.2% 29.0%
Deposits of banks 7,771 8,272 33.0% 37.1%
Deposits of the government 5,659 6,430 29.9% 31.8%
Bonds and subordinated notes 16,863 16,730 45.4% 46.6%
Other liabilities 7,862 6,199 31.1% 27.9%
Total liabilities 242,944 241,617 31.0% 30.1%
Quasi-capital items 0 0 0.0% 0.0%
Minority shareholders' rights 470 533    
Equity 13,624 13,234 33.0% 31.6%
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 2,641.0 3,002.0 44.1% 33.5% 1324.0
Loan-loss provision 724.0 338.0 43.9% 24.3% 401.0
Operating and other income 1,793.0 1,789.0 45.6% 34.7% 895.0
Of which: Operating income 1,447.0 1,458.0 43.8% 34.6% 724.0
Operating and other expenses 2,818.0 2,866.0 43.9% 31.6% 1387.0
Of which: Salaries and related expenses 1,656.0 1,760.0 42.4% 30.6% 787.0
Ordinary before-tax provision 892.0 1,587.0 47.8% 43.8% 431.0
Provision for taxes on ordinary profit 454.0 706.0 50.5% 37.7% 217.0
Ordinary after-tax profit 438.0 881.0 45.3% 50.2% 214.0
Bank's share in the profit of subsidiaries -18.0 -204.0     -8.0
Share of minority shareholders in profit of consolidated companies 24.0 -26.0     25.0
Extraordinary after-tax profit -2.0 -11.0     -8.0
Net profit 442.0 640.0 48.5% 40.6% 223.0
Profit after the effect of the difference between the known index and the "in lieu" index 569.0 657.0 46.7% 39.6%  
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 74,298 70,651 106,632 251,581
Balance of financial liabilities on balance-sheet date 80,374 59,673 102,636 242,683
Excess of financial assets over financial liabilities -6,076 10,978 3,996 8,898
Total indexation balance (incl.forwards and options in term of basis assets) 2 -347 8,872 373 8,898
Rate of income on assets (percent) 3 -5.97 2.49 13.15 4.11
Rate of expenditure on liabilities (percent) 3 8.55 -1.91 -11.47 -2.20
Interest-rate differential 2.58 0.58 1.68 1.91
Problem borrowers 30.06.2002 31.12.2001
Total credit risk dew to problem borrowers 19,144 17,419
Total credit  to problem borrowers 16,877 15,668
Main financial ratios - consolidated (percent) 30.06.2002 31.12.2001
Equity/balance-sheet ratio 5.30 5.18
Finanancial capital/equity ratio 65.31 63.11
Equity/risk-weighted-assets ratio 10.08 9.10
Return on equity (net profit/gross weighted-capital ratio) 4 6.80 7.60
Operating income/operating expenses ratio 5 63.63 59.22
 
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.
7