Information and Reporing Unit, Banking Supervision Division					02/12/2003
Statement for the third quarter - consolidated
"Adanim" Mortgage Bank 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	12	69	3.9%	22.4%
Securities	0	0	0.0%	0.0%
Credit to the public	2,702	2,674	2.5%	2.5%
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	17	17	6.7%	6.8%
Other assets	19	17	3.4%	4.4%
Total assets	2,749	2,777	2.5%	2.5%
Deposits of the public	2,277	2,330	5.2%	5.3%
Deposits of banks	134	104	0.2%	0.2%
Deposits of the government	30	35	1.9%	2.1%
Bonds and subordinated notes	116	123	3.2%	3.3%
Other liabilities	45	48	9.1%	9.9%
Total liabilities	2,602	2,639	2.5%	2.6%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0	0.0%	0.0%
Equity	148	138	2.2%	2.2%
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	28.1	24.2	2.8%	2.8%	8.1
Loan-loss provision	6.6	3.1	2.0%	1.6%	1.4
Operating and other income	20.8	20.7	3.5%	3.3%	6.8
Of which: Operating income	20.8	20.7	3.6%	3.3%	6.8
Operating and other expenses	24.3	25.4	4.5%	4.9%	8.2
Of which: Salaries and related expenses	13.8	14.2	4.7%	5.1%	4.6
Ordinary prpfit before-tax provision	18.0	16.4	2.4%	2.1%	5.3
Provision for taxes on ordinary profit	8.4	8.2	2.5%	2.3%	2.6
Ordinary after-tax profit	9.6	8.2	2.4%	2.0%	2.7
Bank's share in the profit of subsidiaries	0.0	0.0			0.0
Share of minority shareholders in profit of consolidated companies	0.0	0.0			0.0
Extraordinary after-tax profit	0.0	0.0			0.0
Net profit	9.6	8.2	2.4%	2.0%	2.7
Profit after the effect of the difference between the known index and the "in lieu" index	9.2	8.8	2.4%	2.0%
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	180	2,552	0	2,732
Balance of financial liabilities on balance-sheet date	197	2,382	0	2,580
Excess of financial assets over financial liabilities	-18	170	0	152
Total indexation balance (incl.forwards and options in term of basis assets)	-18	170	0	152
Additional information on the CPI-indexed sector for the nine months to 30.09.2003	Average balance for nine months 2	Net nine monthly interest income (expenses)  2		Rate of income  (expenditure) (3)
Total financial assets	2,527	117.7		6.26
Total financial liabilities	2,416	-102.3		-5.68
Interest-rate differential				0.58
Problem borrowers	30.09.2003	31.12.2002
Total credit risk dew to problem borrowers	145	106
Total credit  to problem borrowers	102	76
Main financial ratios - consolidated (percent)	30.09.2003	31.12.2002
Equity/balance-sheet ratio	5.38	4.98
Finanancial capital/equity ratio	103.04	103.33
Equity/risk-weighted-assets ratio	9.99	10.11
Return on equity (net profit/gross weighted-capital ratio) (4)	9.40	9.60
Operating income/operating expenses ratio (5)	85.60	80.41
1 Including foreign-currency indexed NIS.
2 Including hedging, embedded and ALM derivatives.
3 nine-month rate of income (expenses), on annual basis including hedging, embedded and ALM derivatives.
4 Annual basis.
5 For nine months. Comparative data are annual.					23