Information and Reporing Unit, Banking Supervision Division					07/09/2003
Statement for the second quarter - consolidated
Bank Yahav Le-Ovdei Hamdina 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	4,111	3,614	4.2%	3.7%
Securities	1,822	1,754	1.6%	1.5%
Credit to the public	1,034	993	0.2%	0.2%
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	124	126	1.2%	1.2%
Other assets	41	51	0.2%	0.2%
Total assets	7,131	6,538	0.9%	0.8%
Deposits of the public	6,728	6,164	1.0%	0.9%
Deposits of banks	8	8	0.0%	0.0%
Deposits of the government	0	1	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	53	49	0.2%	0.2%
Total liabilities	6,790	6,222	0.9%	0.8%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	341	317	0.8%	0.8%
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	68.9	52.5	0.7%	0.7%	36.6
Loan-loss provision	1.6	0.7	0.1%	0.0%	0.8
Operating and other income	72.4	71.4	1.3%	1.4%	39.0
Of which: Operating income	36.5	40.2	0.8%	0.9%	18.8
Operating and other expenses	102.6	100.7	1.1%	1.2%	53.1
Of which: Salaries and related expenses	57.8	56.3	1.0%	1.1%	30.0
Ordinary before-tax provision	37.1	22.5	1.1%	1.2%	21.7
Provision for taxes on ordinary profit	18.4	10.4	1.0%	1.0%	10.1
Ordinary after-tax profit	18.7	12.1	1.2%	1.3%	11.6
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	0.8	0.2			0.2
Net profit	19.5	12.3	1.4%	1.4%	11.8
Profit after the effect of the difference between the known index and the "in lieu" index	18.7	14.4	1.4%	1.2%
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	3,390	3,314	303	7,007
Balance of financial liabilities on balance-sheet date	3,350	3,143	297	6,790
Excess of financial assets over financial liabilities	40	172	5	217
Total indexation balance (incl.forwards and options in term of basis assets) 2	40	172	5	217
Rate of income on assets (percent) 3	10.31	5.74	-13.43	7.00
Rate of expenditure on liabilities (percent) 3	-7.19	-4.81	14.00	-5.06
Interest-rate differential	3.12	0.92	0.57	1.94
Problem borrowers	30.06.2003	31.12.2002
Total credit risk dew to problem borrowers	53	54
Total credit  to problem borrowers	49	51
Main financial ratios - consolidated (percent)	30.06.2003	31.12.2002
Equity/balance-sheet ratio	4.78	4.84
Finanancial capital/equity ratio	63.73	60.22
Equity/risk-weighted-assets ratio	16.80	17.50
Return on equity (net profit/gross weighted-capital ratio) 4	12.70	10.10
Operating income/operating expenses ratio 5	70.57	70.27
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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