Information and Reporing Unit, Banking Supervision Division					07/09/2003
Statement for the second quarter - consolidated
Investec  Bank (Israel) 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	3,112	2,661	3.2%	2.7%
Securities	1,078	1,223	0.9%	1.1%
Credit to the public	1,338	1,637	0.2%	0.3%
Credit to the government	65	48	1.0%	0.6%
Investments in companies included on an equity basis	3	3	0.1%	0.1%
Buildings and equipment	111	113	1.1%	1.1%
Other assets	573	259	2.4%	1.2%
Total assets	6,279	5,943	0.8%	0.7%
Deposits of the public	5,192	5,272	0.8%	0.8%
Deposits of banks	35	30	0.2%	0.1%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	521	139	1.9%	0.6%
Total liabilities	5,748	5,441	0.7%	0.7%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	532	503	1.2%	1.2%
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	41.1	45.6	0.4%	0.6%	24.1
Loan-loss provision	2.4	14.4	0.1%	0.5%	2.2
Operating and other income	34.9	37.9	0.6%	0.7%	17.5
Of which: Operating income	32.7	38.1	0.7%	0.9%	16.3
Operating and other expenses	62.5	64.7	0.7%	0.7%	30.7
Of which: Salaries and related expenses	31.6	34.5	0.6%	0.6%	16.1
Ordinary before-tax provision	11.1	4.4	0.3%	0.2%	8.7
Provision for taxes on ordinary profit	5.4	3.0	0.3%	0.3%	3.3
Ordinary after-tax profit	5.7	1.4	0.4%	0.1%	5.4
Bank's share in the profit of subsidiaries	-0.2	-0.3			-0.1
Share of minority shareholders in profit of consolidated companies	0.0	0.0			0.0
Extraordinary after-tax profit	0.6	0.0			0.0
Net profit	6.1	1.1	0.4%	0.1%	5.3
Profit after the effect of the difference between the known index and the "in lieu" index	5.0	6.2	0.4%	0.5%
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	3,055	484	2,167	5,706
Balance of financial liabilities on balance-sheet date	3,021	92	2,177	5,290
Excess of financial assets over financial liabilities	34	392	-10	416
Total indexation balance (incl.forwards and options in term of basis assets) 2	17	392	7	416
Rate of income on assets (percent) 3	9.10	5.95	-14.50	-2.97
Rate of expenditure on liabilities (percent) 3	-8.11	-5.39	15.10	4.34
Interest-rate differential	0.99	0.57	0.60	1.36
Problem borrowers	30.06.2003	31.12.2002
Total credit risk dew to problem borrowers	148	139
Total credit  to problem borrowers	146	137
Main financial ratios - consolidated (percent)	30.06.2003	31.12.2002
Equity/balance-sheet ratio	8.47	8.46
Finanancial capital/equity ratio	78.28	75.85
Equity/risk-weighted-assets ratio	18.40	20.80
Return on equity (net profit/gross weighted-capital ratio) 4	2.40	1.42
Operating income/operating expenses ratio 5	55.84	58.16
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.
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