Information and Reporing Unit, Banking Supervision Division					07/09/2003
Statement for the second quarter - consolidated
Euro-Trade Bank Ltd. and its subsidiaries, Main data, NIS million
Taken from the quarterly report to 30.06.2003. Adjusted to the CPI for  06.2003.
Summary consolidated balance sheet	30.06.2003	31.12.2002	Bank's share of the banking system
			30.06.2003	31.12.2002
Cash and deposits in banks	20	50	0.0%	0.1%
Securities	41	47	0.0%	0.0%
Credit to the public	175	218	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	2	2	0.0%	0.0%
Other assets	13	9	0.1%	0.0%
Total assets	250	327	0.0%	0.0%
Deposits of the public	188	241	0.0%	0.0%
Deposits of banks	3	13	0.0%	0.1%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	2	2	0.0%	0.0%
Other liabilities	3	11	0.0%	0.0%
Total liabilities	196	267	0.0%	0.0%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	54	59	0.1%	0.1%
Summary consolidated profit and loss statement	six months to		Bank's share of the banking system		three months to
			six months to
	30.06.2003	30.06.2002	30.06.2003	30.06.2002	30.06.2003
Net interest profit before loan-loss provision	5.2	5.0	0.1%	0.1%	3.2
Loan-loss provision	5.9	0.0	0.2%	0.0%	3.7
Operating and other income	1.5	1.9	0.0%	0.0%	0.8
Of which: Operating income	1.5	1.9	0.0%	0.0%	0.8
Operating and other expenses	5.1	4.3	0.1%	0.0%	2.4
Of which: Salaries and related expenses	1.9	1.9	0.0%	0.0%	0.8
Ordinary before-tax provision	-4.2	2.5	not calculated	0.1%	-2.1
Provision for taxes on ordinary profit	0.1	0.5	0.0%	0.0%	0.0
Ordinary after-tax profit	-4.3	2.0	not calculated	0.2%	-2.2
Bank's share in the profit of subsidiaries	0.0	0.0			0.0
Share of minority shareholders in profit of consolidated companies	0.0	0.0			0.0
Extraordinary after-tax profit	-1.8	0.7			-0.8
Net profit	-6.1	2.7	not calculated	0.3%	-3.0
Profit after the effect of the difference between the known index and the "in lieu" index	-6.2	3.7	not calculated	0.3%
Balances and rates of return on financial items by indexation base on 30.06.2003	Unindexed NIS	CPI-indexed  NIS	Foreign Currency (1)	Total financial items
Balance of financial assets on balance-sheet date	119	53	75	248
Balance of financial liabilities on balance-sheet date	143	20	33	196
Excess of financial assets over financial liabilities	-23	33	41	51
Total indexation balance (incl.forwards and options in term of basis assets) 2	17	42	-8	51
Rate of income on assets (percent) 3	5.79	7.53	-13.53	-0.03
Rate of expenditure on liabilities (percent) 3	-10.04	-5.65	14.25	-0.54
Interest-rate differential	-4.25	1.88	0.71	-0.57
Problem borrowers	30.06.2003	31.12.2002
Total credit risk dew to problem borrowers	41	44
Total credit  to problem borrowers	41	44
Main financial ratios - consolidated (percent)	30.06.2003	31.12.2002
Equity/balance-sheet ratio	21.51	18.19
Finanancial capital/equity ratio	95.78	94.51
Equity/risk-weighted-assets ratio	31.40	25.86
Return on equity (net profit/gross weighted-capital ratio) 4	-21.65	6.04
Operating income/operating expenses ratio 5	30.53	41.83
1 Including foreign-currency indexed NIS.
2 Forwards transactions.
3 Six-month rate of income (expenses), on annual basis including hedging, embedded and ALM derivatives.
4 Annual basis.
5 For six months. Comparative data are annual.
					2