Information and Reporing Unit, Banking Supervision Division					02/12/2003
Statement for the third quarter - consolidated
Investec  Bank (Israel) Ltd. 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	2,880	2,635	3.0%	2.7%
Securities	996	1,210	0.9%	1.1%
Credit to the public	1,279	1,621	0.2%	0.3%
Credit to the government	67	47	1.0%	0.6%
Investments in companies included on an equity basis	2	3	0.1%	0.1%
Buildings and equipment	109	112	1.0%	1.1%
Other assets	318	256	1.4%	1.2%
Total assets	5,651	5,884	0.7%	0.7%
Deposits of the public	4,875	5,219	0.7%	0.8%
Deposits of banks	41	30	0.2%	0.1%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	200	138	0.7%	0.6%
Total liabilities	5,117	5,387	0.7%	0.7%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	535	498	1.2%	1.2%
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	68.7	65.8	0.5%	0.5%	28.0
Loan-loss provision	3.8	15.3	0.1%	0.3%	1.4
Operating and other income	52.7	54.8	0.6%	0.7%	18.1
Of which: Operating income	48.1	54.0	0.7%	0.8%	15.7
Operating and other expenses	92.2	93.5	0.7%	0.7%	30.3
Of which: Salaries and related expenses	47.0	49.4	0.6%	0.6%	15.7
Ordinary profit before-tax provision	25.4	11.8	0.5%	0.4%	14.4
Provision for taxes on ordinary profit	12.6	5.2	0.5%	0.3%	7.2
Ordinary after-tax profit	12.8	6.6	0.5%	0.4%	7.2
Bank's share in the profit of subsidiaries	-0.3	-0.3			-0.1
Share of minority shareholders in profit of consolidated companies	0.0	0.0			0.0
Extraordinary after-tax profit	0.6	0.0			0.0
Net profit	13.1	6.3	0.5%	0.4%	7.1
Profit after the effect of the difference between the known index and the "in lieu" index	12.3	7.8	0.5%	0.5%
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	2,929	415	2,093	5,437
Balance of financial liabilities on balance-sheet date	2,840	83	2,094	5,017
Excess of financial assets over financial liabilities	89	332	-1	420
Total indexation balance (incl.forwards and options in term of basis assets)	77	332	12	420
Rate of income on assets (percent) 2	9.61	5.57	-2.24	3.51
Rate of expenditure on liabilities (percent) 2	-8.74	-5.67	2.86	-2.62
Interest-rate differential	0.87	-0.11	0.62	0.89
Problem borrowers	30.09.2003	31.12.2002
Total credit risk dew to problem borrowers	202	138
Total credit  to problem borrowers	201	135
Main financial ratios - consolidated (percent)	30.09.2003	31.12.2002
Equity/balance-sheet ratio	9.46	8.45
Finanancial capital/equity ratio	78.58	75.86
Equity/risk-weighted-assets ratio	20.60	20.80
Return on equity (net profit/gross weighted-capital ratio) 3	3.50	1.42
Operating income/operating expenses ratio 4	57.16	58.21
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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