Information and Reporing Unit, Banking Supervision Division					07/09/2003
Statement for the second quarter - consolidated
The First International Mortgage 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	1	5	0.2%	1.5%
Securities	0	0	0.0%	0.0%
Credit to the public	7,887	7,912	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	14	15	5.5%	5.6%
Other assets	12	9	2.1%	2.4%
Total assets	7,914	7,940	7.1%	7.2%
Deposits of the public	1,119	1,171	2.5%	2.6%
Deposits of banks	5,944	5,937	11.0%	11.0%
Deposits of the government	111	120	6.8%	7.2%
Bonds and subordinated notes	144	141	3.9%	3.8%
Other liabilities	18	21	3.7%	4.3%
Total liabilities	7,336	7,389	7.0%	7.1%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	26	25	0.0%	0.0%
Equity	552	527	8.1%	8.1%
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	50.1	37.3	7.0%	7.4%	29.4
Loan-loss provision	7.4	3.6	3.4%	2.9%	4.5
Operating and other income	27.5	27.8	6.8%	6.4%	14.4
Of which: Operating income	24.6	25.9	6.3%	6.1%	12.4
Operating and other expenses	24.4	23.5	6.6%	6.8%	12.3
Of which: Salaries and related expenses	11.5	11.0	5.5%	6.1%	5.6
Ordinary before-tax provision	45.8	38.0	8.7%	8.0%	27.0
Provision for taxes on ordinary profit	19.9	21.0	8.5%	8.6%	10.0
Ordinary after-tax profit	25.9	17.0	8.8%	7.4%	17.0
Bank's share in the profit of subsidiaries	0.0	0.0			0.0
Share of minority shareholders in profit of consolidated companies	-1.1	-0.9			-0.7
Extraordinary after-tax profit	0.0	0.6			0.0
Net profit	24.8	16.7	8.5%	7.3%	16.3
Profit after the effect of the difference between the known index and the "in lieu" index	22.5	23.6	8.2%	7.7%
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	677	6,632	589	7,898
Balance of financial liabilities on balance-sheet date	649	6,089	594	7,332
Excess of financial assets over financial liabilities	28	543	-5	566
Total indexation balance (incl.forwards and options in term of basis assets) 2	28	543	-5	566
Additional information on the CPI-indexed sector for the six months to 30.06.2003	Average balance for six months	Net six monthly interest income (expenses)		Rate of income  (expenditure) (3)
Total financial assets	6,694	206.7		6.27
Total financial liabilities	6,152	-169.1		-5.57
Interest-rate differential				0.70
Problem borrowers	30.06.2003	31.12.2002
Total credit risk dew to problem borrowers	299	259
Total credit  to problem borrowers	299	259
Main financial ratios - consolidated (percent)	30.06.2003	31.12.2002
Equity/balance-sheet ratio	6.97	6.63
Finanancial capital/equity ratio	102.65	102.51
Equity/risk-weighted-assets ratio	11.80	11.40
Return on equity (net profit/gross weighted-capital ratio) (4)	9.60	9.90
Operating income/operating expenses ratio (5)	112.70	116.31
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.					27