Information and Reporing Unit, Banking Supervision Division					02/12/2003
Statement for the third quarter - consolidated
Bank Leumi Le-Israel B.M. and its subsidiaries, Main data, NIS million
Taken from the quarterly report to 30.09.2003. Adjusted to the CPI for  09.2003.
Summary consolidated balance sheet	30.09.2003	31.12.2002	Banking group's share of the banking system
			30.09.2003	31.12.2002
Cash and deposits in banks	21,913	23,867	22.8%	24.9%
Securities	38,704	36,289	33.1%	32.3%
Credit to the public	170,115	172,452	30.0%	29.9%
Credit to the government	1,225	1,431	19.0%	18.1%
Investments in companies included on an equity basis	1,321	1,355	37.5%	37.5%
Buildings and equipment	2,572	2,562	24.4%	24.7%
Other assets	7,057	6,544	31.0%	31.5%
Total assets	242,907	244,500	29.5%	29.5%
Deposits of the public	201,800	205,826	30.1%	30.1%
Deposits of banks	4,034	3,686	17.8%	16.6%
Deposits of the government	3,035	2,944	17.5%	16.1%
Bonds and subordinated notes	10,696	10,267	27.5%	27.9%
Other liabilities	8,805	8,162	32.8%	33.4%
Total liabilities	228,370	230,885	29.4%	29.4%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	260	415
Equity	14,277	13,200	32.5%	32.7%
Summary consolidated profit and loss statement	nine months to		Banking group's share of the banking system		three months to
			nine months to
	30.09.2003	30.09.2002	30.09.2003	30.09.2002	30.09.2003
Net interest profit before loan-loss provision	4,545.0	3,667.0	31.3%	28.8%	1,553.0
Loan-loss provision	1,267.0	1,302.0	28.1%	28.8%	387.0
Operating and other income	2,323.0	2,212.0	28.3%	28.7%	731.0
Of which: Operating income	1,828.0	1,837.0	27.3%	28.2%	601.0
Operating and other expenses	4,051.0	3,811.0	29.9%	29.0%	1,351.0
Of which: Salaries and related expenses	2,501.0	2,380.0	30.3%	29.7%	846.0
Ordinary profit before-tax provision	1,550.0	766.0	32.6%	24.2%	546.0
Provision for taxes on ordinary profit	728.0	301.0	31.8%	18.3%	155.0
Ordinary after-tax profit	822.0	465.0	33.3%	28.6%	391.0
Bank's share in the profit of subsidiaries	111.0	4.0			37.0
Share of minority shareholders in profit of consolidated companies	-1.0	-53.0			-16.0
Extraordinary after-tax profit	-18.0	-3.0			6.0
Net profit	914.0	413.0	37.8%	29.0%	418.0
Profit after the effect of the difference between the known index and the "in lieu" index	872.0	453.0	37.1%	29.7%
Balances and rates of return on financial items by indexation base on 30.09.2003 consolidated	Unindexed NIS	CPI-indexed  NIS	Foreign Currency (1)	Total financial items
Balance of financial assets on balance-sheet date	71,807	61,724	102,633	236,164
Balance of financial liabilities on balance-sheet date	77,014	52,899	96,958	226,871
Excess of financial assets over financial liabilities	-5,207	8,825	5,675	9,293
Total indexation balance (incl.forwards and options in term of basis assets)	-74	8,223	1,144	9,293
Rate of income on assets (percent) 2	11.64	6.44	1.01	4.93
Rate of expenditure on liabilities (percent) 2	-8.45	-5.49	0.02	-3.30
Interest-rate differential	3.20	0.95	1.03	1.63
Problem borrowers	30.09.2003	31.12.2002
Total credit risk dew to problem borrowers	18,299	18,533
Total credit  to problem borrowers	16,482	16,659
Main financial ratios - consolidated (percent)	30.09.2003	31.12.2002
Equity/balance-sheet ratio	5.88	5.40
Finanancial capital/equity ratio	65.09	67.06
Equity/risk-weighted-assets ratio	11.00	10.30
Return on equity (net profit/gross weighted-capital ratio) 3	9.30	3.30
Operating income/operating expenses ratio 4	57.34	55.13
1 Including foreign-currency indexed NIS.
2 Nine-month rate of income (expenses), on annual basis including hedging, embedded and ALM derivatives.
3 Annual basis.
4 For nine months. Comparative data are annual.
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