Information and Reporing Unit, Banking Supervision Division					07/09/2003
Statement for the second quarter - bank
Azmauth Mortgage and Development Ltd., 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	0	0	0.1%	0.1%
Securities	0	0	0.0%	0.0%
Credit to the public	2,120	2,117	1.9%	1.9%
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	5	5	1.9%	2.0%
Other assets	5	4	1.0%	1.1%
Total assets	2,130	2,126	1.9%	1.9%
Deposits of the public	319	338	0.7%	0.8%
Deposits of banks	1,565	1,542	2.9%	2.8%
Deposits of the government	46	52	2.8%	3.1%
Bonds and subordinated notes	11	11	0.3%	0.3%
Other liabilities	8	10	1.6%	2.0%
Total liabilities	1,949	1,953	1.9%	1.9%
Quasi-capital items	0	0	0.0%	0.0%
Equity	181	174	2.7%	2.7%
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	14.9	12.4	2.1%	2.5%	8.6
Loan-loss provision	3.7	2.0	1.7%	1.6%	1.8
Operating and other income	13.4	13.5	3.3%	3.1%	6.9
Of which: Operating income	12.6	13.2	3.2%	3.1%	6.3
Operating and other expenses	11.1	9.8	3.0%	2.8%	5.5
Of which: Salaries and related expenses	6.0	5.4	2.9%	3.0%	2.9
Ordinary before-tax provision	13.5	14.1	2.6%	3.0%	8.2
Provision for taxes on ordinary profit	6.0	7.5	2.6%	3.1%	3.0
Ordinary after-tax profit	7.5	6.6	2.6%	2.9%	5.2
Bank's share in the profit of subsidiaries	0.0	0.0			0.0
Share of minority shareholders in profit of consolidated companies
Extraordinary after-tax profit	0.0	0.0			0.0
Net profit	7.5	6.6	2.6%	2.9%	5.2
Profit after the effect of the difference between the known index and the "in lieu" index	6.7	8.7	2.5%	2.8%
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	95	1,921	110	2,125
Balance of financial liabilities on balance-sheet date	91	1,746	110	1,947
Excess of financial assets over financial liabilities	4	175	-1	178
Total indexation balance (incl.forwards and options in term of basis assets) 2	4	175	-1	178
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	1,936	61.1		6.41
Total financial liabilities	1,764	-49.9		-5.74
Interest-rate differential				0.67
Problem borrowers	30.06.2003	31.12.2002
Total credit risk dew to problem borrowers	140	131
Total credit  to problem borrowers	140	131
Main financial ratios - consolidated (percent)	30.06.2003	31.12.2002
Equity/balance-sheet ratio	8.52	8.18
Finanancial capital/equity ratio	98.29	98.10
Equity/risk-weighted-assets ratio	13.40	13.00
Return on equity (net profit/gross weighted-capital ratio) (4)	8.80	10.20
Operating income/operating expenses ratio (5)	120.72	132.50
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.					30