Information and Reporing Unit, Banking Supervision Division					6/8/2003
Statement for the first quarter - consolidated
Bank Yahav Le-Ovdei Hamdina 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	3,960	3,661	4.1%	3.7%
Securities	1,763	1,777	1.5%	1.5%
Credit to the public	954	1,006	0.2%	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	126	128	1.2%	1.2%
Other assets	48	52	0.2%	0.2%
Total assets	6,851	6,623	0.8%	0.8%
Deposits of the public	6,455	6,244	0.9%	0.9%
Deposits of banks	9	8	0.0%	0.0%
Deposits of the government	0	1	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	71	49	0.3%	0.2%
Total liabilities	6,534	6,302	0.8%	0.8%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	317	321	0.8%	0.8%
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	32.7	28.8	0.8%	0.9%
Loan-loss provision	0.8	0.4	0.1%	0.0%
Operating and other income	33.9	36.0	1.6%	1.8%
Of which: Operating income	18.0	20.0	1.0%	1.2%
Operating and other expenses	50.1	54.5	1.3%	1.7%
Of which: Salaries and related expenses	28.3	31.3	1.2%	1.5%
Ordinary before-tax provision	15.7	9.9	1.3%	0.9%
Provision for taxes on ordinary profit	8.4	3.3	1.3%	0.6%
Ordinary after-tax profit	7.3	6.6	1.2%	1.1%
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	0.5	0.1
Net profit	7.8	6.7	1.3%	1.2%
Profit after the effect of the difference between the known index and the "in lieu" index	8.8	8.0	1.3%	1.2%
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	3,201	3,220	303	6,725
Balance of financial liabilities on balance-sheet date	3,117	3,107	294	6,518
Excess of financial assets over financial liabilities	84	113	9	206
Total indexation balance (incl.forwards and options in term of basis assets) 2	84	113	9	206
Rate of income on assets (percent) 3	6.04	2.99	-4.26	4.07
Rate of expenditure on liabilities (percent) 3	-2.97	-2.05	5.19	-2.14
Interest-rate differential	3.07	0.94	0.93	1.93
Problem borrowers	31.03.2003	31.12.2002
Total credit risk dew to problem borrowers	70.90	54.60
Total credit  to problem borrowers	62.80	51.30
Main financial ratios - consolidated (percent)	31.03.2003	31.12.2002
Equity/balance-sheet ratio	4.62	4.84
Finanancial capital/equity ratio	65.19	60.19
Equity/risk-weighted-assets ratio	16.30	17.50
Return on equity (net profit/gross weighted-capital ratio) 4	10.10	10.10
Operating income/operating expenses ratio 5	67.66	70.31
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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