Information and Reporing Unit, Banking Supervision Division					09/09/2002
Statement for the second quarter - consolidated
Investec  Bank (Israel) Ltd. 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	2,614	3,517	2.8%	2.9%
Securities	1,332	1,021	1.2%	1.0%
Credit to the public	1,803	1,772	0.3%	0.3%
Credit to the government	48	48	0.5%	0.5%
Investments in companies included on an equity basis	3	4	0.1%	0.1%
Buildings and equipment	113	113	1.1%	1.1%
Other assets	127	156	0.6%	0.9%
Total assets	6,040	6,631	0.7%	0.8%
Deposits of the public	5,241	5,710	0.8%	0.8%
Deposits of banks	32	54	0.1%	0.2%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	265	340	1.0%	1.5%
Total liabilities	5,538	6,105	0.7%	0.8%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	502	526	1.2%	1.3%
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	45.7	43.7	0.8%	0.5%	18.1
Loan-loss provision	14.4	17.3	0.9%	1.2%	6.7
Operating and other income	38.0	34.8	1.0%	0.7%	16.9
Of which: Operating income	38.2	33.0	1.2%	0.8%	17.8
Operating and other expenses	64.9	62.6	1.0%	0.7%	30.8
Of which: Salaries and related expenses	34.6	35.3	0.9%	0.6%	16.4
Ordinary before-tax provision	4.4	-1.4	0.2%	0.0%	-2.5
Provision for taxes on ordinary profit	3.0	1.0	0.3%	0.1%	1.1
Ordinary after-tax profit	1.4	-2.4	0.1%	-0.1%	-3.6
Bank's share in the profit of subsidiaries	-0.3	0.3			-0.2
Share of minority shareholders in profit of consolidated companies	0.0	0.0			0.0
Extraordinary after-tax profit	0.0	0.0			0.0
Net profit	1.1	-2.1	0.1%	-0.1%	-3.8
Profit after the effect of the difference between the known index and the "in lieu" index	6.2	-0.5	0.5%	0.0%
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	2,971	513	2,389	5,873
Balance of financial liabilities on balance-sheet date	3,066	87	2,340	5,493
Excess of financial assets over financial liabilities	-95	426	49	380
Total indexation balance (incl.forwards and options in term of basis assets) 2	-56	426	10	380
Rate of income on assets (percent) 3	-7.20	2.53	12.51	1.52
Rate of expenditure on liabilities (percent) 3	8.10	-2.01	-11.27	-0.35
Interest-rate differential	0.90	0.51	1.24	1.17
Problem borrowers	30.06.2002	31.12.2001
Total credit risk dew to problem borrowers	119	146
Total credit  to problem borrowers	118	144
Main financial ratios - consolidated (percent)	30.06.2002	31.12.2001
Equity/balance-sheet ratio	8.31	7.93
Finanancial capital/equity ratio	75.71	76.65
Equity/risk-weighted-assets ratio	18.00	19.20
Return on equity (net profit/gross weighted-capital ratio) 4	0.40	0.02
Operating income/operating expenses ratio 5	58.55	55.33
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.
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