Information and Reporing Unit, Banking Supervision Division					6/8/2003
Statement for the first quarter - consolidated
The Maritime 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	77	142	0.1%	0.1%
Securities	88	87	0.1%	0.1%
Credit to the public	634	638	0.1%	0.1%
Credit to the government	0	0	0.0%	0.0%
Investments in companies included on an equity basis	16	16	0.4%	0.4%
Buildings and equipment	17	17	0.2%	0.2%
Other assets	78	91	0.4%	0.4%
Total assets	910	991	0.1%	0.1%
Deposits of the public	460	496	0.1%	0.1%
Deposits of banks	114	130	0.5%	0.6%
Deposits of the government	3	3	0.0%	0.0%
Bonds and subordinated notes	0	11	0.0%	0.0%
Other liabilities	89	107	0.3%	0.4%
Total liabilities	665	746	0.1%	0.1%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	245	245	0.6%	0.6%
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	6.5	10.2	לא חושב	0.3%
Loan-loss provision	0.8	1.3	לא חושב	0.2%
Operating and other income	1.6	5.6	לא חושב	0.3%
Of which: Operating income	2.0	3.9	לא חושב	0.2%
Operating and other expenses	10.3	11.0	לא חושב	0.3%
Of which: Salaries and related expenses	4.6	5.4	לא חושב	0.3%
Ordinary before-tax provision	-3.0	3.5	לא חושב	0.3%
Provision for taxes on ordinary profit	0.0	0.8	לא חושב	0.2%
Ordinary after-tax profit	-3.0	2.7	לא חושב	0.4%
Bank's share in the profit of subsidiaries	0.0	0.2
Share of minority shareholders in profit of consolidated companies	0.0	0.0
Extraordinary after-tax profit	-0.3	-0.3
Net profit	-3.3	2.6	לא חושב	0.5%
Profit after the effect of the difference between the known index and the "in lieu" index	-2.4	3.4	לא חושב	0.5%
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	290	206	373	870
Balance of financial liabilities on balance-sheet date	256	46	363	664
Excess of financial assets over financial liabilities	35	160	11	206
Total indexation balance (incl.forwards and options in term of basis assets) 2	42	160	3	206
Rate of income on assets (percent) 3	6.15	2.50	-5.06	0.95
Rate of expenditure on liabilities (percent) 3	-5.24	0.00	6.41	0.42
Interest-rate differential	0.90	2.50	1.36	1.38
Problem borrowers	31.03.2003	31.12.2002
Total credit risk dew to problem borrowers	96.38	55.26
Total credit  to problem borrowers	42.55	41.98
Main financial ratios - consolidated (percent)	31.03.2003	31.12.2002
Equity/balance-sheet ratio	26.87	24.71
Finanancial capital/equity ratio	84.05	84.35
Equity/risk-weighted-assets ratio	26.30	24.50
Return on equity (net profit/gross weighted-capital ratio) 4	-5.30	-6.80
Operating income/operating expenses ratio 5	15.53	31.51
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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