Information and Reporing Unit, Banking Supervision Division					6/8/2003
Statement for the first quarter - consolidated
Bank "Adanim" Mortgage and Loans 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	45	71	14.8%	22.4%
Securities	0	0	0.0%	0.0%
Credit to the public	2,681	2,735	2.4%	2.5%
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	17	18	6.6%	6.8%
Other assets	17	17	3.8%	4.4%
Total assets	2,760	2,841	2.5%	2.5%
Deposits of the public	2,299	2,383	5.2%	5.3%
Deposits of banks	111	106	0.2%	0.2%
Deposits of the government	33	36	2.0%	2.1%
Bonds and subordinated notes	126	126	3.4%	3.3%
Other liabilities	45	49	9.1%	9.9%
Total liabilities	2,615	2,700	2.5%	2.6%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0	0.0%	0.0%
Equity	145	141	2.2%	2.2%
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	9.7	8.0	3.0%	3.0%
Loan-loss provision	1.7	1.2	1.6%	1.9%
Operating and other income	7.1	7.3	3.5%	3.2%
Of which: Operating income	7.1	7.3	3.6%	3.3%
Operating and other expenses	8.2	8.5	4.2%	4.8%
Of which: Salaries and related expenses	4.5	4.7	3.9%	5.0%
Ordinary before-tax provision	6.9	5.6	3.0%	2.2%
Provision for taxes on ordinary profit	3.6	2.9	3.0%	2.4%
Ordinary after-tax profit	3.3	2.7	3.0%	2.0%
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	3.3	2.7	3.1%	2.0%
Profit after the effect of the difference between the known index and the "in lieu" index	4.0	3.4	2.9%	2.0%
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	198	2,544	0	2,742
Balance of financial liabilities on balance-sheet date	112	2,480	0	2,592
Excess of financial assets over financial liabilities	86	64	0	150
Additional information on the CPI-indexed sector for the three months to 31.03.2003	Average balance for three months	Net three monthly interest income (expenses)		Rate of income  (expenditure) (2)
Total financial assets	2,586	24.4		3.83
Total financial liabilities	2,506	-19.6		-3.17
Interest-rate differential				0.66
Problem borrowers	31.03.2003	31.12.2002
Total credit risk dew to problem borrowers	122.90	108.70
Total credit  to problem borrowers	87.40	77.70
Main financial ratios - consolidated (percent)	31.03.2003	31.12.2002
Equity/balance-sheet ratio	5.24	4.98
Finanancial capital/equity ratio	103.32	103.32
Equity/risk-weighted-assets ratio	10.47	10.11
Return on equity (net profit/gross weighted-capital ratio) (4)	9.70	9.60
Operating income/operating expenses ratio (5)	86.59	80.29
1 Including foreign-currency indexed NIS.
2 Three-month rate of income (expenses), on annual basis including hedging, embedded and ALM derivatives.
3 Annual basis.
4 For three months. Comparative data are annual.
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