Information and Reporting Unit, Banking Supervision Division					08/06/2003
Statement for the first quarter - bank
and its subsidiaries, Main data, NIS million
Euro-Trade Bank Ltd. and its subsidiaries, Main data, NIS million
Taken from the quarterly report to 31.03.2003. Adjusted to the CPI for 03.2003.
Summary consolidated balance sheet	31.03.2003	31.12.2002	Bank's share of the banking system
Summary consolidated balance sheet	31.03.2003	31.12.2002	31.03.2003	31.12.2002
Cash and deposits in banks	57	51	0.1%	0.1%
Securities	44	48	0.0%	0.0%
Credit to the public	191	221	0.0%	0.0%
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	2	2	0.0%	0.0%
Other assets	9	9	0.0%	0.0%
Total assets	304	331	0.0%	0.0%
Deposits of the public	231	244	0.0%	0.0%
Deposits of banks	7	13	0.0%	0.1%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	2	2	0.0%	0.0%
Other liabilities	7	11	0.0%	0.0%
Total liabilities	247	271	0.0%	0.0%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	57	60	0	0

Summary consolidated profit and loss statement	Three months to		Bank's share of the banking system
	Three months to		Three months to
	31.03.2003	31.03.2002	31.03.2003	31.03.2002
Net interest profit before loan-loss provision	3.0	4.8	לא חושב	0.1%
Loan-loss provision	2.3	0.0	לא חושב	0.0%
Operating and other income	1.0	1.4	לא חושב	0.1%
Of which: Operating income	1.0	1.4	לא חושב	0.1%
Operating and other expenses	4.8	3.7	לא חושב	0.1%
Of which: Salaries and related expenses	2.2	1.8	לא חושב	0.1%
Ordinary before-tax provision	-3.2	2.5	לא חושב	0.2%
Provision for taxes on ordinary profit	0.0	0.5	לא חושב	0.1%
Ordinary after-tax profit	-3.2	2.0	לא חושב	0.3%
Bank's share in the profit of subsidiaries	0.0	0.0
Share of minority shareholders in profit of consolidated companies	0.0	0.0
Extraordinary after-tax profit	0.0	0.0
Net profit	-3.2	2.1	לא חושב	0.4%
Profit after the effect of the difference between the known index and the "in lieu" index	-2.9	2.5	לא חושב	0.4%

Balances and rates of return on financial items by indexation base on 31.03.2003	Unindexed NIS	CPI-indexed NIS	Foreign Currency (1)	Total financial items
Balance of financial assets on balance-sheet date	134	49	117	300
Balance of financial liabilities on balance-sheet date	152	31	64	246
Excess of financial assets over financial liabilities	-18	19	53	54
Total indexation balance (incl.forwards and options in term of basis assets) 2	29	30	-5	54
Rate of income on assets (percent) 3	6.28	5.55	-3.42	3.03
Rate of expenditure on liabilities (percent) 3	-5.95	-3.56	3.40	-2.14
Interest-rate differential	0.32	2.00	-0.02	0.89

Problem borrowers	31.03.2003	31.12.2002
Total credit risk dew to problem borrowers	46.54	44.22
Total credit to problem borrowers	45.90	44.20

Main financial ratios - consolidated (percent)	31.03.2003	31.12.2002
Equity/balance-sheet ratio	18.70	18.19
Finanancial capital/equity ratio	95.00	94.51
Equity/risk-weighted-assets ratio	28.68	25.86
Return on equity (net profit/gross weighted-capital ratio) 4	-22.96	6.05
Operating income/operating expenses ratio 5	20.31	30.39

^{1 Including foreign-currency indexed NIS.}
^{2 Forwards transactions.}
^{3 Three-month rate of income (expenses), on annual basis including hedging, embedded and ALM derivatives.}
^{4 Annual basis.}
^{5 For three months. Comparative data are annual.}
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