Information and Reporing Unit, Banking Supervision Division					09/09/2002
Statement for the second quarter - bank
Poalei Agudat Israel Bank Ltd., 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	1,423	2,536	1.5%	2.1%
Securities	101	105	0.1%	0.1%
Credit to the public	831	909	0.1%	0.2%
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	28	29	0.3%	0.3%
Other assets	9	6	0.0%	0.0%
Total assets	2,392	3,585	0.3%	0.4%
Deposits of the public	2,155	2,567	0.3%	0.4%
Deposits of banks	16	808	0.1%	3.6%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	19	17	0.1%	0.1%
Total liabilities	2,189	3,392	0.3%	0.4%
Quasi-capital items	0	0	0.0%	0.0%
Equity	203	192	0.5%	0.5%
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	31.4	34.4	0.5%	0.4%	15.3
Loan-loss provision	5.7	3.4	0.3%	0.2%	2.8
Operating and other income	31.4	28.5	0.8%	0.6%	15.8
Of which: Operating income	31.4	28.5	1.0%	0.7%	15.8
Operating and other expenses	34.9	34.7	0.5%	0.4%	18.4
Of which: Salaries and related expenses	16.2	16.9	0.4%	0.3%	8.7
Ordinary before-tax provision	22.2	24.8	1.2%	0.7%	9.9
Provision for taxes on ordinary profit	11.0	11.9	1.2%	0.6%	5.8
Ordinary after-tax profit	11.2	12.9	1.2%	0.7%	4.1
Bank's share in the profit of subsidiaries	0.0	0.0			0.0
Share of minority shareholders in profit of consolidated companies					0.0
Extraordinary after-tax profit	0.0	0.0			0.0
Net profit	11.2	12.9	1.2%	0.8%	4.1
Profit after the effect of the difference between the known index and the "in lieu" index	13.3	13.5	1.1%	0.8%
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	1,664	533	167	2,364
Balance of financial liabilities on balance-sheet date	1,665	357	168	2,189
Excess of financial assets over financial liabilities	-1	177	-1	175
Total indexation balance (incl.forwards and options in term of basis assets) 2	-1	177	-1	175
Rate of income on assets (percent) 3	-6.27	3.04	4.04	-4.47
Rate of expenditure on liabilities (percent) 3	7.93	-1.49	-2.95	6.48
Interest-rate differential	1.66	1.55	1.08	2.01
Problem borrowers	30.06.2002	31.12.2001
Total credit risk dew to problem borrowers	67	58
Total credit  to problem borrowers	67	46
Main financial ratios - consolidated (percent)	30.06.2002	31.12.2001
Equity/balance-sheet ratio	8.47	5.37
Finanancial capital/equity ratio	86.23	85.14
Equity/risk-weighted-assets ratio	15.20	16.30
Return on equity (net profit/gross weighted-capital ratio) 4	12.00	12.60
Operating income/operating expenses ratio 5	89.97	83.41
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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