
Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - bank
Otzar Hashilton Hamkomi Ltd. , 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	232	277
Securities	0	0
Credit to the public	2,158	2,227
Credit to the government	0	0
Investments in companies included on an equity basis	0	0
Buildings and equipment	4	4
Other assets	12	12
Total assets	2,406	2,520
Deposits of the public	1,747	1,861
Deposits of banks	0	0
Deposits of the government	0	0
Bonds and subordinated notes	329	345
Other liabilities	23	18
Total liabilities	2,100	2,223
Quasi-capital items	0	0
Minority shareholders' rights	0	0
Equity	306	297

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	20.0	21.7
Loan-loss provision	0.0	1.2
Operating and other income	3.1	3.2
Of which: Operating income	3.1	3.2
Operating and other expenses	5.4	5.2
Of which: Salaries and related expenses	2.4	2.3
Ordinary before-tax provision	17.7	15.8
Provision for taxes on ordinary profit	8.5	8.4
Ordinary after-tax profit	9.2	7.4
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	9.2	7.4


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	759	1,639	0	2,398
Balance of financial liabilities on balance-sheet date	674	1,425	0	2,100
Excess of financial assets over financial liabilities	85	214	0	298
Total indexation balance (incl.forwards and options in term of basis assets) 2	85	214	0	298
Rate of income on assets (percent) 3	10.68	6.93	0.00	8.14
Rate of expenditure on liabilities (percent) 3	-5.11	-6.03	0.00	-5.73
Interest-rate differential	5.58	0.90	0.00	2.41

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	12.71	11.77
Finanancial capital/equity ratio	97.58	97.50
Equity/risk-weighted-assets ratio	23.38	21.68
Return on equity (net profit/gross weighted-capital ratio) 4	12.40	14.00
Operating income/operating expenses ratio 5	57.41	49.58

^{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.}
					31