Information and Reporing Unit, Banking Supervision Division					6/8/2003
Statement for the first quarter - consolidated
The First International Mortgage 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
			31.03.2003	31.12.2002
Cash and deposits in banks	1	5	0.2%	1.5%
Securities	0	0	0.0%	0.0%
Credit to the public	7,965	8,014	7.2%	7.2%
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	15	15	5.6%	5.6%
Other assets	9	10	2.1%	2.4%
Total assets	7,990	8,043	7.2%	7.2%
Deposits of the public	1,138	1,187	2.6%	2.6%
Deposits of banks	6,006	6,013	11.0%	11.0%
Deposits of the government	114	121	6.9%	7.2%
Bonds and subordinated notes	143	143	3.9%	3.8%
Other liabilities	21	21	4.2%	4.3%
Total liabilities	7,422	7,484	7.1%	7.1%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	26	25	0.0%	0.0%
Equity	542	534	8.1%	8.1%
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	20.9	20.4	6.5%	7.6%
Loan-loss provision	2.9	1.8	2.8%	2.9%
Operating and other income	13.3	14.3	6.5%	6.2%
Of which: Operating income	12.4	13.3	6.2%	5.9%
Operating and other expenses	12.4	11.7	6.3%	6.6%
Of which: Salaries and related expenses	6.0	5.4	5.2%	5.8%
Ordinary before-tax provision	18.9	21.2	8.3%	8.2%
Provision for taxes on ordinary profit	10.0	11.1	8.4%	9.2%
Ordinary after-tax profit	8.9	10.1	8.2%	7.3%
Bank's share in the profit of subsidiaries	0.0	0.0
Share of minority shareholders in profit of consolidated companies	-0.3	-0.6
Extraordinary after-tax profit	0.0	0.0
Net profit	8.6	9.5	8.0%	6.9%
Profit after the effect of the difference between the known index and the "in lieu" index	10.7	12.2	7.8%	7.2%
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	691	6,736	548	7,974
Balance of financial liabilities on balance-sheet date	681	6,186	552	7,419
Excess of financial assets over financial liabilities	10	550	-4	556
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	6,800	60.5		3.61
Total financial liabilities	6,282	-45.4		-2.92
Interest-rate differential				0.69
Problem borrowers	31.03.2003	31.12.2002
Total credit risk dew to problem borrowers	277.80	262.60
Total credit  to problem borrowers	277.80	262.60
Main financial ratios - consolidated (percent)	31.03.2003	31.12.2002
Equity/balance-sheet ratio	6.78	6.63
Finanancial capital/equity ratio	102.49	102.49
Equity/risk-weighted-assets ratio	11.60	11.40
Return on equity (net profit/gross weighted-capital ratio) (4)	6.60	9.90
Operating income/operating expenses ratio (5)	107.26	117.06
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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