Information and Reporing Unit, Banking Supervision Division					6/8/2003
Statement for the first quarter - consolidated
The First International Bank of Israel 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
			31.03.2003	31.12.2002
Cash and deposits in banks	9,976	9,696	10.3%	9.9%
Securities	3,962	4,176	3.4%	3.6%
Credit to the public	48,696	49,615	8.4%	8.4%
Credit to the government	235	170	3.0%	2.1%
Investments in companies included on an equity basis	11	10	0.3%	0.3%
Buildings and equipment	746	756	7.0%	7.1%
Other assets	1,917	1,631	9.0%	7.6%
Total assets	65,543	66,054	7.8%	7.8%
Deposits of the public	56,108	56,732	8.1%	8.1%
Deposits of banks	1,097	1,251	4.6%	5.5%
Deposits of the government	635	662	3.5%	3.5%
Bonds and subordinated notes	2,350	2,266	6.1%	6.0%
Other liabilities	1,785	1,644	6.8%	6.6%
Total liabilities	61,975	62,555	7.8%	7.8%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	179	174
Equity	3,389	3,325	8.0%	8.0%
Summary consolidated profit and loss statement	Three months to		Bank's share of the banking system
			Three months to
	31.03.2003	31.03.2002	31.03.2003	31.03.2002
Net interest profit before loan-loss provision	324.0	322.0	8.2%	לא חושב
Loan-loss provision	82.0	308.0	7.4%	לא חושב
Operating and other income	158.0	192.0	7.4%	לא חושב
Of which: Operating income	154.0	170.0	8.5%	לא חושב
Operating and other expenses	315.0	304.0	8.4%	לא חושב
Of which: Salaries and related expenses	192.0	193.0	8.3%	לא חושב
Ordinary before-tax provision	85.0	-98.0	6.9%	לא חושב
Provision for taxes on ordinary profit	46.0	-29.0	7.2%	לא חושב
Ordinary after-tax profit	39.0	-69.0	6.6%	לא חושב
Bank's share in the profit of subsidiaries	0.0	0.0
Share of minority shareholders in profit of consolidated companies	-5.0	-4.0
Extraordinary after-tax profit	2.0	0.0
Net profit	36.0	-73.0	6.2%	לא חושב
Profit after the effect of the difference between the known index and the "in lieu" index	47.0	-56.0	6.8%	לא חושב
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	23,761	18,676	22,053	64,490
Balance of financial liabilities on balance-sheet date	26,153	15,449	20,353	61,955
Excess of financial assets over financial liabilities	-2,392	3,227	1,700	2,535
Total indexation balance (incl.forwards and options in term of basis assets) 2	-878	3,213	200	2,535
Rate of income on assets (percent) 3	6.50	3.66	-2.69	2.08
Rate of expenditure on liabilities (percent) 3	-4.86	-2.53	3.67	-0.77
Interest-rate differential	1.64	1.13	0.98	1.31
Problem borrowers	31.03.2003	31.12.2002
Total credit risk dew to problem borrowers	5,094.00	5,064.00
Total credit  to problem borrowers	4,533.00	4,531.00
Main financial ratios - consolidated (percent)	31.03.2003	31.12.2002
Equity/balance-sheet ratio	5.17	5.03
Finanancial capital/equity ratio	74.80	120.51
Equity/risk-weighted-assets ratio	10.00	9.80
Return on equity (net profit/gross weighted-capital ratio) 4	4.40	-1.90
Operating income/operating expenses ratio 5	50.16	61.40
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.
					14