Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - consolidated
Bank "Adanim" Mortgage and Loans 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	62	59	0.1%	0.1%
Securities	0	0	0.0%	0.0%
Credit to the public	2,666	2,632	0.5%	0.5%
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	16	17	0.2%	0.2%
Other assets	19	21	0.1%	0.1%
Total assets	2,762	2,728	0.3%	0.3%
Deposits of the public	2,255	2,252	0.3%	0.3%
Deposits of banks	154	134	0.6%	0.5%
Deposits of the government	26	28	0.2%	0.2%
Bonds and subordinated notes	129	118	0.3%	0.3%
Other liabilities	47	48	0.2%	0.2%
Total liabilities	2,612	2,580	0.3%	0.3%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	151	148	0.3%	0.3%
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	8.7	10.8	0.2%	0.2%
Loan-loss provision	1.4	1.7	0.1%	0.1%
Operating and other income	6.2	7.0	0.2%	0.3%
Of which: Operating income	6.2	7.0	0.3%	0.3%
Operating and other expenses	7.7	8.2	0.2%	0.2%
Of which: Salaries and related expenses	4.5	4.5	0.1%	0.2%
Ordinary before-tax provision	5.8	6.7	0.3%	0.5%
Provision for taxes on ordinary profit	2.9	3.5	0.4%	0.5%
Ordinary after-tax profit	2.9	3.2	0.3%	0.5%
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	0.0	0.0
Net profit	2.9	3.2	0.2%	0.6%
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	255	2,491	0	2,746
Balance of financial liabilities on balance-sheet date	243	2,345	0	2,588
Excess of financial assets over financial liabilities	12	146	0	158
Total indexation balance (incl.forwards and options in term of basis assets) 2	12	146	0	158
Rate of income on assets (percent) 3	7.77	5.12	0.00	5.32
Rate of expenditure on liabilities (percent) 3	-5.29	-4.57	0.00	-4.62
Interest-rate differential	2.48	0.55	0.00	0.69
Problem borrowers	31.03.2004	31.12.2003
Total credit risk dew to problem borrowers	135	128
Total credit  to problem borrowers	100	97
Main financial ratios - consolidated (percent)	31.03.2004	31.12.2003
Equity/balance-sheet ratio	5.46	5.42
Finanancial capital/equity ratio	104.58	103.86
Equity/risk-weighted-assets ratio	10.05	9.97
Return on equity (net profit/gross weighted-capital ratio) 4	8.10	9.70
Operating income/operating expenses ratio 5	80.52	79.20
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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