Information and Reporing Unit, Banking Supervision Division					02/12/2003
Statement for the third quarter - consolidated
Mishkan Bank Hapoalim Lemashkantaot 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	37	26	12.7%	8.4%
Securities	0	0	0.0%	0.0%
Credit to the public	27,001	26,581	24.5%	24.5%
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	80	83	31.5%	32.5%
Other assets	46	28	8.1%	7.3%
Total assets	27,164	26,718	24.4%	24.3%
Deposits of the public	9,851	10,474	22.5%	23.8%
Deposits of banks	14,683	13,604	26.7%	25.4%
Deposits of the government	383	446	24.0%	27.1%
Bonds and subordinated notes	494	554	13.6%	15.0%
Other liabilities	139	111	28.4%	23.2%
Total liabilities	25,550	25,189	24.5%	24.3%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0	0.0%	0.0%
Equity	1,614	1,529	23.7%	23.8%
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	226.0	225.0	22.1%	26.1%	61.0
Loan-loss provision	68.0	45.0	20.7%	22.5%	21.0
Operating and other income	148.0	158.0	25.0%	24.8%	49.0
Of which: Operating income	148.0	158.0	25.7%	25.5%	49.0
Operating and other expenses	147.0	118.0	27.2%	22.7%	45.0
Of which: Salaries and related expenses	80.0	56.0	27.0%	20.3%	21.0
Ordinary prpfit before-tax provision	159.0	220.0	21.4%	28.2%	44.0
Provision for taxes on ordinary profit	74.0	97.0	21.8%	26.9%	22.0
Ordinary after-tax profit	85.0	123.0	21.0%	29.4%	22.0
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	85.0	123.0	21.1%	29.5%	22.0
Profit after the effect of the difference between the known index and the "in lieu" index	80.0	129.0	20.6%	29.0%
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	1,007	24,139	1,933	27,079
Balance of financial liabilities on balance-sheet date	1,386	22,491	1,659	25,536
Excess of financial assets over financial liabilities	-379	1,648	274	1,543
Total indexation balance (incl.forwards and options in term of basis assets)	-118	1,648	13	1,543
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	24,305	1,110.0		6.14
Total financial liabilities	22,656	-958.0		-5.68
Interest-rate differential				0.46
Problem borrowers	30.09.2003	31.12.2002
Total credit risk dew to problem borrowers	1152	992
Total credit  to problem borrowers	1152	992
Main financial ratios - consolidated (percent)	30.09.2003	31.12.2002
Equity/balance-sheet ratio	5.94	5.72
Finanancial capital/equity ratio	95.60	95.03
Equity/risk-weighted-assets ratio	9.45	9.48
Return on equity (net profit/gross weighted-capital ratio) (4)	7.40	12.20
Operating income/operating expenses ratio (5)	100.68	132.69
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.					25