Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - consolidated
The First International Bank of Israel 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	10,245	11,030	10.7%	10.9%
Securities	5,696	5,328	4.5%	4.4%
Credit to the public	44,999	45,591	7.9%	8.0%
Credit to the government	159	161	2.9%	2.8%
Investments in companies included on an equity basis	11	11	0.3%	0.3%
Buildings and equipment	730	742	6.9%	7.0%
Other assets	1,443	1,722	6.7%	7.1%
Total assets	63,283	64,585	7.6%	7.7%
Deposits of the public	54,057	55,336	8.0%	8.1%
Deposits of banks	987	949	3.8%	3.9%
Deposits of the government	688	676	4.1%	4.0%
Bonds and subordinated notes	2,423	2,411	6.0%	6.2%
Other liabilities	1,439	1,531	5.2%	5.4%
Total liabilities	59,594	60,903	7.6%	7.7%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	185	185
Equity	3,504	3,497	7.8%	7.9%
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	324.0	344.0	6.4%	6.8%
Loan-loss provision	94.0	105.0	7.7%	7.8%
Operating and other income	197.0	178.0	6.5%	6.9%
Of which: Operating income	178.0	153.0	7.3%	7.1%
Operating and other expenses	329.0	316.0	6.6%	6.7%
Of which: Salaries and related expenses	206.0	193.0	6.6%	6.6%
Ordinary before-tax provision	98.0	83.0	5.2%	6.1%
Provision for taxes on ordinary profit	45.0	45.0	5.6%	6.0%
Ordinary after-tax profit	53.0	38.0	4.9%	6.2%
Bank's share in the profit of subsidiaries	1.0	0.0
Share of minority shareholders in profit of consolidated companies	-4.0	-5.0
Extraordinary after-tax profit	-1.0	1.0
Net profit	49.0	34.0	3.9%	6.0%
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	25,787	15,418	20,490	61,695
Balance of financial liabilities on balance-sheet date	27,161	13,531	18,671	59,363
Excess of financial assets over financial liabilities	-1,374	1,887	1,819	2,332
Total indexation balance (incl.forwards and options in term of basis assets) 2	1,439	1,279	-386	2,332
Rate of income on assets (percent) 3	6.06	5.01	14.85	10.41
Rate of expenditure on liabilities (percent) 3	-4.20	-4.08	-14.28	-9.53
Interest-rate differential	1.86	0.93	0.57	0.88
Problem borrowers	31.03.2004	31.12.2003
Total credit risk dew to problem borrowers	5,882	6,050
Total credit  to problem borrowers	5,487	5,620
Main financial ratios - consolidated (percent)	31.03.2004	31.12.2003
Equity/balance-sheet ratio	5.54	5.41
Finanancial capital/equity ratio	66.55	65.28
Equity/risk-weighted-assets ratio	10.50	10.60
Return on equity (net profit/gross weighted-capital ratio) 4	5.70	4.80
Operating income/operating expenses ratio 5	59.88	63.21
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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