Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - consolidated
Israel Continental 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	35	69	0.0%	0.1%
Securities	100	3	0.1%	0.0%
Credit to the public	1,026	1,070	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	6	6	0.1%	0.1%
Other assets	31	30	0.1%	0.1%
Total assets	1,198	1,178	0.1%	0.1%
Deposits of the public	326	350	0.0%	0.1%
Deposits of banks	416	375	1.6%	1.5%
Deposits of the government	0	0	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	15	15	0.1%	0.1%
Total liabilities	757	740	0.1%	0.1%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	441	438	1.0%	1.0%
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	11.2	9.9	0.2%	0.2%
Loan-loss provision	-0.1	17.0	0.0%	1.3%
Operating and other income	1.2	1.8	0.0%	0.1%
Of which: Operating income	1.2	1.8	0.0%	0.1%
Operating and other expenses	8.9	7.2	0.2%	0.2%
Of which: Salaries and related expenses	6.0	4.3	0.2%	0.1%
Ordinary before-tax provision	3.6	-13.8	0.2%	not calculated
Provision for taxes on ordinary profit	0.0	-0.6	0.0%	not calculated
Ordinary after-tax profit	3.6	-13.2	0.3%	not calculated
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	0.0	0.0
Net profit	3.6	-13.2	0.3%	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	596	130	467	1,192
Balance of financial liabilities on balance-sheet date	253	42	461	757
Excess of financial assets over financial liabilities	343	88	6	436
Total indexation balance (incl.forwards and options in term of basis assets) 2	346	88	2	436
Rate of income on assets (percent) 3	6.27	5.05	18.34	11.43
Rate of expenditure on liabilities (percent) 3	-3.99	-4.96	-16.43	-12.05
Interest-rate differential	2.28	0.09	1.91	-0.62
Problem borrowers	31.03.2004	31.12.2003
Total credit risk dew to problem borrowers	113	114
Total credit  to problem borrowers	107	108
Main financial ratios - consolidated (percent)	31.03.2004	31.12.2003
Equity/balance-sheet ratio	36.82	37.15
Finanancial capital/equity ratio	98.82	98.81
Equity/risk-weighted-assets ratio	35.80	34.50
Return on equity (net profit/gross weighted-capital ratio) 4	3.30	19.50
Operating income/operating expenses ratio 5	13.48	19.00
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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