
Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - consolidated
Poalim Capital Markets and Investments 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
Summary consolidated balance sheet	31.03.2004	31.12.2003
Cash and deposits in banks	127	130
Securities	103	98
Credit to the public	0	0
Credit to the government	0	0
Investments in companies included on an equity basis	38	38
Buildings and equipment	1	1
Other assets	9	6
Total assets	277	274
Deposits of the public	0	0
Deposits of banks	7	10
Deposits of the government	0	0
Bonds and subordinated notes	70	70
Other liabilities	11	7
Total liabilities	88	87
Quasi-capital items	0	0
Minority shareholders' rights	35	40
Equity	154	147

Summary consolidated profit and loss statement	Three months to
	Three months to
	31.03.2004	31.03.2003
Net interest profit before loan-loss provision	1.3	0.5
Loan-loss provision	0.0	0.0
Operating and other income	8.8	-0.9
Of which: Operating income	4.2	1.9
Operating and other expenses	4.8	4.9
Of which: Salaries and related expenses	2.8	1.5
Ordinary before-tax provision	5.3	-5.8
Provision for taxes on ordinary profit	0.2	-1.9
Ordinary after-tax profit	5.1	-3.9
Bank's share in the profit of subsidiaries	1.7	0.1
Share of minority shareholders in profit of consolidated companies	-0.7	0.3
Extraordinary after-tax profit	0.0	0.0
Net profit	6.1	-3.5


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	35	83	37	155
Balance of financial liabilities on balance-sheet date	17	71	0	88
Excess of financial assets over financial liabilities	17	12	37	67
Total indexation balance (incl.forwards and options in term of basis assets) 2	17	12	37	67
Rate of income on assets (percent) 3	9.52	5.84	9.50	7.60
Rate of expenditure on liabilities (percent) 3	-9.95	-5.84	0.00	-6.27
Interest-rate differential	-0.43	0.00	9.50	1.33

Problem borrowers	31.03.2004	31.12.2003
Total credit risk dew to problem borrowers	0	0
Total credit to problem borrowers	0	0

Main financial ratios - consolidated (percent)	31.03.2004	31.12.2003
Equity/balance-sheet ratio	55.37	53.89
Finanancial capital/equity ratio	43.36	51.22
Equity/risk-weighted-assets ratio	185.90	198.50
Return on equity (net profit/gross weighted-capital ratio) 4	17.61	-16.47
Operating income/operating expenses ratio 5	183.33	-74.14

^{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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