
Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - consolidated
Bank Yahav Le-Ovdei Hamdina 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	4,300	4,183	4.5%	4.1%
Securities	1,820	1,957	1.4%	1.6%
Credit to the public	1,151	1,088	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	125	124	1.2%	1.2%
Other assets	113	35	0.5%	0.1%
Total assets	7,509	7,386	0.9%	0.9%
Deposits of the public	7,028	6,943	1.0%	1.0%
Deposits of banks	10	10	0.0%	0.0%
Deposits of the government	0	1	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	110	87	0.4%	0.3%
Total liabilities	7,148	7,041	0.9%	0.9%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	362	346	0.8%	0.8%

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	39.2	34.6	0.8%	0.7%
Loan-loss provision	1.8	0.9	0.1%	0.1%
Operating and other income	39.8	33.8	1.3%	1.3%
Of which: Operating income	20.8	17.9	0.9%	0.8%
Operating and other expenses	51.8	50.5	1.0%	1.1%
Of which: Salaries and related expenses	28.1	28.4	0.9%	1.0%
Ordinary before-tax provision	25.4	15.2	1.4%	1.1%
Provision for taxes on ordinary profit	12.5	8.2	1.6%	1.1%
Ordinary after-tax profit	12.9	7.0	1.2%	1.1%
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	0.7
Net profit	12.9	7.7	1.0%	1.4%


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	3,799	3,236	350	7,384
Balance of financial liabilities on balance-sheet date	3,714	3,096	338	7,148
Excess of financial assets over financial liabilities	85	140	12	237
Total indexation balance (incl.forwards and options in term of basis assets) 2	85	140	12	237
Rate of income on assets (percent) 3	5.46	4.40	13.15	5.33
Rate of expenditure on liabilities (percent) 3	-2.54	-3.37	-10.66	-3.27
Interest-rate differential	2.92	1.03	2.49	2.05

Problem borrowers	31.03.2004	31.12.2003
Total credit risk dew to problem borrowers	49	68
Total credit to problem borrowers	45	62

Main financial ratios - consolidated (percent)	31.03.2004	31.12.2003
Equity/balance-sheet ratio	4.81	4.68
Finanancial capital/equity ratio	65.42	64.20
Equity/risk-weighted-assets ratio	15.00	15.80
Return on equity (net profit/gross weighted-capital ratio) 4	15.80	12.00
Operating income/operating expenses ratio 5	76.83	71.04

^{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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