
Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - consolidated
Otsar Hahayal 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
Summary consolidated balance sheet	31.03.2004	31.12.2003	31.03.2004	31.12.2003
Cash and deposits in banks	1,828	1,986	1.9%	2.0%
Securities	598	551	0.5%	0.5%
Credit to the public	6,486	6,419	1.1%	1.1%
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	152	150	1.4%	1.4%
Other assets	65	63	0.3%	0.3%
Total assets	9,130	9,168	1.1%	1.1%
Deposits of the public	8,004	8,009	1.2%	1.2%
Deposits of banks	31	43	0.1%	0.2%
Deposits of the government	22	36	0.1%	0.2%
Bonds and subordinated notes	367	414	0.9%	1.1%
Other liabilities	151	126	0.5%	0.4%
Total liabilities	8,574	8,627	1.1%	1.1%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	1	1
Equity	556	540	1.2%	1.2%

Summary consolidated profit and loss statement	Three months to		Bank's share of the banking system
	Three months to		Three months to
	31.03.2004	31.03.2003	31.03.2004	31.03.2003
Net interest profit before loan-loss provision	74.5	78.5	1.5%	1.6%
Loan-loss provision	9.8	6.2	0.8%	0.5%
Operating and other income	43.6	39.4	1.4%	1.5%
Of which: Operating income	38.3	35.2	1.6%	1.6%
Operating and other expenses	84.8	76.9	1.7%	1.6%
Of which: Salaries and related expenses	50.4	43.4	1.6%	1.5%
Ordinary before-tax provision	23.5	31.6	1.3%	2.3%
Provision for taxes on ordinary profit	12.6	16.1	1.6%	2.1%
Ordinary after-tax profit	10.9	15.5	1.0%	2.5%
Bank's share in the profit of subsidiaries	0.0	0.0
Share of minority shareholders in profit of consolidated companies	0.0	0.0
Extraordinary after-tax profit	-0.1	0.0
Net profit	10.8	15.5	0.9%	2.7%


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	4,703	2,578	1,691	8,972
Balance of financial liabilities on balance-sheet date	5,223	2,268	1,073	8,565
Excess of financial assets over financial liabilities	-520	310	618	408
Total indexation balance (incl.forwards and options in term of basis assets) 2	-223	551	79	408
Rate of income on assets (percent) 3	6.97	4.96	16.38	8.58
Rate of expenditure on liabilities (percent) 3	-3.46	-3.85	-15.88	-6.37
Interest-rate differential	3.51	1.11	0.50	2.21

Problem borrowers	31.03.2004	31.12.2003
Total credit risk dew to problem borrowers	373	376
Total credit to problem borrowers	349	359

Main financial ratios - consolidated (percent)	31.03.2004	31.12.2003
Equity/balance-sheet ratio	6.08	5.89
Finanancial capital/equity ratio	73.36	72.66
Equity/risk-weighted-assets ratio	11.16	11.44
Return on equity (net profit/gross weighted-capital ratio) 4	8.26	11.07
Operating income/operating expenses ratio 5	51.42	50.56

^{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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