Information and Reporing Unit, Banking Supervision Division					02/12/2003
Statement for the third quarter - bank
Poalei Agudat Israel Bank Ltd., Main data, NIS million
Taken from the quarterly report to 30.09.2003. Adjusted to the CPI for  09.2003.
Summary  balance sheet	30.09.2003	31.12.2002	Bank's share of the banking system
			30.09.2003	31.12.2002
Cash and deposits in banks	1,257	1,222	1.3%	1.3%
Securities	182	155	0.2%	0.1%
Credit to the public	890	873	0.2%	0.2%
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	26	27	0.2%	0.3%
Other assets	6	8	0.0%	0.0%
Total assets	2,360	2,285	0.3%	0.3%
Deposits of the public	2,089	1,981	0.3%	0.3%
Deposits of banks	8	69	0.0%	0.3%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	21	19	0.1%	0.1%
Total liabilities	2,118	2,069	0.3%	0.3%
Quasi-capital items	0	0	0.0%	0.0%
Equity	242	217	0.6%	0.5%
Summary  profit and loss statement	nine months to		Bank'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	60.5	50.4	0.4%	0.4%	19.7
Loan-loss provision	8.1	10.5	0.2%	0.2%	2.2
Operating and other income	51.4	46.5	0.6%	0.6%	17.0
Of which: Operating income	50.7	46.5	0.8%	0.7%	17.1
Operating and other expenses	58.1	52.3	0.4%	0.4%	21.0
Of which: Salaries and related expenses	27.3	24.3	0.3%	0.3%	9.8
Ordinary  profit before-tax provision	45.7	34.1	1.0%	1.1%	13.5
Provision for taxes on ordinary profit	22.1	16.2	1.0%	1.0%	6.6
Ordinary profit after-tax	23.6	17.9	1.0%	1.1%	6.9
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	23.6	17.9	1.0%	1.3%	6.9
Profit after the effect of the difference between the known index and the "in lieu" index	22.9	18.2	1.0%	1.2%
Balances and rates of return on financial items by indexation base on 30.09.2003	Unindexed NIS	CPI-indexed  NIS	Foreign Currency (1)	Total financial items
Balance of financial assets on balance-sheet date	1,585	546	204	2,334
Balance of financial liabilities on balance-sheet date	1,578	337	204	2,118
Excess of financial assets over financial liabilities	7	209	0	216
Total indexation balance (incl.forwards and options in term of basis assets)	7	209	0	216
Rate of income on assets (percent) 2	11.89	6.10	-4.03	9.52
Rate of expenditure on liabilities (percent) 2	-8.96	-5.39	4.93	-7.32
Interest-rate differential	2.93	0.70	0.90	2.20
Problem borrowers	30.09.2003	31.12.2002
Total credit risk dew to problem borrowers	94	70
Total credit  to problem borrowers	94	70
Main financial ratios - consolidated (percent)	30.09.2003	31.12.2002
Equity/balance-sheet ratio	10.25	9.47
Finanancial capital/equity ratio	89.21	87.67
Equity/risk-weighted-assets ratio	19.00	17.40
Return on equity (net profit/gross weighted-capital ratio)  3	14.80	14.20
Operating income/operating expenses ratio 4	88.47	91.87
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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