Information and Reporing Unit, Banking Supervision Division					03/12/2002
Statement for the third quarter - consolidated
Bank Hapoalim B.M and its subsidiaries, Main data, NIS million
Taken from the quarterly report to 30.09.2002. Adjusted to the CPI for  09.2002.
Summary consolidated balance sheet	30.09.2002	31.12.2001	Bank's share of the banking system
			30.09.2002	31.12.2001
Cash and deposits in banks	32,832	30,538	32.8%	25.4%
Securities	26,972	22,099	24.1%	20.8%
Credit to the public	191,746	188,471	32.5%	32.3%
Credit to the government	5,100	6,238	58.5%	64.5%
Investments in companies included on an equity basis	1,044	1,277	26.0%	29.4%
Buildings and equipment	3,573	3,665	34.6%	35.5%
Other assets	6,203	4,751	31.6%	26.9%
Total assets	267,470	257,039	31.6%	30.1%
Deposits of the public	213,909	205,308	30.9%	29.0%
Deposits of banks	7,991	8,326	29.5%	37.2%
Deposits of the government	5,617	6,472	29.3%	31.8%
Bonds and subordinated notes	17,360	16,839	45.5%	46.6%
Other liabilities	8,394	6,238	33.8%	28.0%
Total liabilities	253,271	243,183	31.6%	30.1%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	474	536
Equity	13,725	13,320	33.1%	31.6%
Summary consolidated profit and loss statement	Nine months to		Bank's share of the banking system		Three months to
			Nine months to
	30.09.2002	30.09.2001	30.09.2002	30.09.2001	30.09.2002
Net interest profit before loan-loss provision	4,609.0	4,516.0	42.3%	40.5%	1950.0
Loan-loss provision	1,284.0	768.0	32.7%	34.7%	555.0
Operating and other income	2,678.0	2,655.0	42.0%	42.8%	873.0
Of which: Operating income	2,198.0	2,207.0	40.5%	42.6%	741.0
Operating and other expenses	4,256.0	4,351.0	39.9%	40.1%	1419.0
Of which: Salaries and related expenses	2,484.0	2,608.0	38.3%	38.9%	817.0
Ordinary before-tax provision	1,747.0	2,052.0	64.6%	47.8%	849.0
Provision for taxes on ordinary profit	862.0	937.0	61.9%	47.8%	405.0
Ordinary after-tax profit	885.0	1,115.0	67.5%	47.8%	444.0
Bank's share in the profit of subsidiaries	-49.0	-260.0			-31.0
Share of minority shareholders in profit of consolidated companies	17.0	-31.0			-7.0
Extraordinary after-tax profit	-96.0	-24.0			-94.0
Net profit	757.0	800.0	69.3%	39.3%	312.0
Profit after the effect of the difference between the known index and the "in lieu" index	800.0	821.0	66.0%	39.2%
Balances and rates of return on financial items by indexation base on 30.09.2002	Unindexed NIS	CPI-indexed  NIS	Foreign Currency (1)	Total financial items
Balance of financial assets on balance-sheet date	77,521	70,509	114,197	262,227
Balance of financial liabilities on balance-sheet date	84,053	60,817	108,156	253,026
Excess of financial assets over financial liabilities	-6,532	9,692	6,041	9,201
Total indexation balance (incl.forwards and options in term of basis assets) 2	1,164	8,266	-229	9,201
Rate of income on assets (percent) 3	-1.39	4.71	12.90	6.08
Rate of expenditure on liabilities (percent) 3	4.37	-4.12	-10.67	-3.96
Interest-rate differential	2.98	0.58	2.24	2.12
Problem borrowers	30.09.2002	31.12.2001
Total credit risk dew to problem borrowers	21,511	17,532
Total credit  to problem borrowers	19,175	15,770
Main financial ratios - consolidated (percent)	30.09.2002	31.12.2001
Equity/balance-sheet ratio	5.13	5.18
Finanancial capital/equity ratio	67.04	63.11
Equity/risk-weighted-assets ratio	9.81	9.10
Return on equity (net profit/gross weighted-capital ratio) 4	7.60	7.60
Operating income/operating expenses ratio 5	62.92	59.21
1 Including foreign-currency indexed NIS.
2 Forwards transactions.
3 Nine-month rate of income (expenses), on annual basis including ALM derivatives.
4 Annual basis.
5 For nine months. Comparative data are annual.
					7