Information and Reporing Unit, Banking Supervision Division					07/09/2003
Statement for the second quarter - consolidated
Global Investments 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	29	32	0.0%	0.0%
Securities	14	14	0.0%	0.0%
Credit to the public	5	6	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	10	11	0.1%	0.1%
Other assets	2	2	0.0%	0.0%
Total assets	60	64	0.0%	0.0%
Deposits of the public	46	47	0.0%	0.0%
Deposits of banks	0	0	0.0%	0.0%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	2	2	0.0%	0.0%
Total liabilities	47	48	0.0%	0.0%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	13	16	0.0%	0.0%
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	1.0	0.7	0.0%	0.0%	0.5
Loan-loss provision	0.5	0.3	0.0%	0.0%	0.3
Operating and other income	0.2	1.8	0.0%	0.0%	-0.4
Of which: Operating income	0.1	1.4	0.0%	0.0%	-0.5
Operating and other expenses	3.8	4.3	0.0%	0.0%	1.7
Of which: Salaries and related expenses	2.1	2.5	0.0%	0.0%	0.9
Ordinary before-tax provision	-3.1	-2.1	not calculated	not calculated	-1.9
Provision for taxes on ordinary profit	0.0	0.0	0.0%	0.0%	0.0
Ordinary after-tax profit	-3.1	-2.1	not calculated	not calculated	-1.9
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	0.0	0.0			0.0
Net profit	-3.1	-2.1	not calculated	not calculated	-1.9
Profit after the effect of the difference between the known index and the "in lieu" index	-3.0	-2.1	not calculated	not calculated
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	33	4	12	50
Balance of financial liabilities on balance-sheet date	40	3	4	47
Excess of financial assets over financial liabilities	-7	1	8	2
Total indexation balance (incl.forwards and options in term of basis assets) 2	-7	1	8	2
Rate of income on assets (percent) 3	9.89	7.94	17.61	10.74
Rate of expenditure on liabilities (percent) 3	-8.30	-3.23	-2.21	-7.70
Interest-rate differential	1.58	4.70	15.40	3.04
Problem borrowers	30.06.2003	31.12.2002
Total credit risk dew to problem borrowers	1	1
Total credit  to problem borrowers	1	1
Main financial ratios - consolidated (percent)	30.06.2003	31.12.2002
Equity/balance-sheet ratio	21.33	24.57
Finanancial capital/equity ratio	16.58	28.81
Equity/risk-weighted-assets ratio	51.73	58.00
Return on equity (net profit/gross weighted-capital ratio) 4	-35.07	-22.90
Operating income/operating expenses ratio 5	5.20	33.65
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.
					16