
Information and Reporing Unit, Banking Supervision Division					6/8/2003
Statement for the first quarter - consolidated
Global Investments 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	31	32	0.0%	0.0%
Securities	13	14	0.0%	0.0%
Credit to the public	6	6	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	11	11	0.1%	0.1%
Other assets	3	2	0.0%	0.0%
Total assets	63	65	0.0%	0.0%
Deposits of the public	46	47	0.0%	0.0%
Deposits of banks	0	0	0.0%	0.0%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	2	2	0.0%	0.0%
Total liabilities	48	49	0.0%	0.0%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	15	16	0.0%	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	0.5	0.3	לא חושב	לא חושב
Loan-loss provision	0.2	0.0	לא חושב	לא חושב
Operating and other income	0.6	1.0	לא חושב	לא חושב
Of which: Operating income	0.6	0.8	לא חושב	לא חושב
Operating and other expenses	2.1	2.2	לא חושב	לא חושב
Of which: Salaries and related expenses	1.2	1.3	לא חושב	לא חושב
Ordinary before-tax provision	-1.2	-0.9	לא חושב	לא חושב
Provision for taxes on ordinary profit	0.0	0.0	לא חושב	לא חושב
Ordinary after-tax profit	-1.2	-0.9	לא חושב	לא חושב
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	-1.2	-0.9	לא חושב	לא חושב
Profit after the effect of the difference between the known index and the "in lieu" index	-1.2	-0.9	לא חושב	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	35	3	13	52
Balance of financial liabilities on balance-sheet date	42	3	3	48
Excess of financial assets over financial liabilities	-7	0	11	3
Total indexation balance (incl.forwards and options in term of basis assets) 2	-7	0	11	3
Rate of income on assets (percent) 3	7.02	8.72	12.77	8.42
Rate of expenditure on liabilities (percent) 3	-4.22	-0.65	2.57	-3.67
Interest-rate differential	2.81	8.07	15.34	4.76

Problem borrowers	31.03.2003	31.12.2002
Total credit risk dew to problem borrowers	0.92	1.25
Total credit to problem borrowers	0.92	1.25

Main financial ratios - consolidated (percent)	31.03.2003	31.12.2002
Equity/balance-sheet ratio	23.20	24.57
Finanancial capital/equity ratio	23.44	28.81
Equity/risk-weighted-assets ratio	53.83	58.00
Return on equity (net profit/gross weighted-capital ratio) 4	-26.70	-22.90
Operating income/operating expenses ratio 5	29.79	33.66

^{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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