Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - consolidated
Israel Discount Bank Ltd. and its subsidiaries , Main data, NIS million
Taken from the quarterly report to 31.03.2004, reported amounts at 31.03.2004 (2003  in adjusted amounts).
Summary consolidated balance sheet	31.03.2004	31.12.2003	Bank's share of the banking system
			31.03.2004	31.12.2003
Cash and deposits in banks	17,431	16,888	18.2%	16.6%
Securities	39,527	38,774	31.1%	32.0%
Credit to the public	77,053	76,382	13.5%	13.4%
Credit to the government	372	367	6.8%	6.4%
Investments in companies included on an equity basis	1,258	1,238	34.2%	34.4%
Buildings and equipment	2,158	2,133	20.3%	20.0%
Other assets	3,229	3,900	15.1%	16.1%
Total assets	141,028	139,682	16.9%	16.7%
Deposits of the public	120,835	119,924	17.9%	17.6%
Deposits of banks	5,267	5,097	20.5%	21.0%
Deposits of the government	154	171	0.9%	1.0%
Bonds and subordinated notes	4,489	4,223	11.2%	10.8%
Other liabilities	3,684	3,814	13.3%	13.4%
Total liabilities	134,429	133,229	17.1%	16.9%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	501	484
Equity	6,098	5,969	13.6%	13.5%
Summary consolidated profit and loss statement	Three months to		Bank's share of the banking system
			Three months to
	31.03.2004	31.03.2003	31.03.2004	31.03.2003
Net interest profit before loan-loss provision	858.0	771.0	17.0%	15.3%
Loan-loss provision	163.0	167.0	13.4%	12.5%
Operating and other income	581.0	473.0	19.2%	18.4%
Of which: Operating income	448.0	391.0	18.4%	18.1%
Operating and other expenses	1,053.0	902.0	21.2%	19.2%
Of which: Salaries and related expenses	691.0	574.0	22.3%	19.6%
Ordinary before-tax provision	223.0	153.0	11.9%	11.3%
Provision for taxes on ordinary profit	108.0	122.0	13.5%	16.3%
Ordinary after-tax profit	115.0	31.0	10.7%	5.1%
Bank's share in the profit of subsidiaries	33.0	22.0
Share of minority shareholders in profit of consolidated companies	-17.0	-15.0
Extraordinary after-tax profit	-10.0	-163.0
Net profit	121.0	-125.0	9.5%	not calculated
Balances and rates of return on financial items by indexation base on 31.03.2004	Unindexed NIS	CPI-indexed  NIS	Foreign Currency (1)	Total financial items
Balance of financial assets on balance-sheet date	44,429	23,504	68,606	136,539
Balance of financial liabilities on balance-sheet date	45,595	21,875	66,874	134,344
Excess of financial assets over financial liabilities	-1,166	1,629	1,732	2,195
Total indexation balance (incl.forwards and options in term of basis assets) 2	705	1,736	-246	2,195
Rate of income on assets (percent) 3	6.69	5.34	14.88	11.09
Rate of expenditure on liabilities (percent) 3	-3.92	-3.84	-13.41	-9.32
Interest-rate differential	2.77	1.50	1.47	1.77
Problem borrowers	31.03.2004	31.12.2003
Total credit risk dew to problem borrowers	9,189	9,493
Total credit  to problem borrowers	8,640	8,961
Main financial ratios - consolidated (percent)	31.03.2004	31.12.2003
Equity/balance-sheet ratio	4.32	4.27
Finanancial capital/equity ratio	36.00	35.47
Equity/risk-weighted-assets ratio	9.47	9.38
Return on equity (net profit/gross weighted-capital ratio) 4	8.40	3.30
Operating income/operating expenses ratio 5	55.18	58.07
1 Including foreign-currency indexed NIS.
2 Forwards transactions.
3 Three-month rate of income (expenses), on annual basis including hedging, embedded and ALM derivatives.
4 Annual basis.
5 For three months. Comparative data are annual.
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