
Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - bank
Industrial Dev. Bank 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	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	111	144	0.1%	0.1%
Securities	80	85	0.1%	0.1%
Credit to the public	9,118	9,190	1.6%	1.6%
Credit to the government	896	905	16.5%	15.8%
Investments in companies included on an equity basis	0	0	0.0%	0.0%
Buildings and equipment	4	5	0.0%	0.0%
Other assets	25	28	0.1%	0.1%
Total assets	10,232	10,356	1.2%	1.2%
Deposits of the public	572	620	0.1%	0.1%
Deposits of banks	1,933	2,173	7.5%	8.9%
Deposits of the government	7,121	6,949	42.4%	41.0%
Bonds and subordinated notes	30	28	0.1%	0.1%
Other liabilities	72	76	0.3%	0.3%
Total liabilities	9,727	9,847	1.2%	1.2%
Quasi-capital items	325	314	100.0%	100.0%
Minority shareholders' rights	0	0
Equity	180	196	0.4%	0.4%

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	17.6	9.3	0.3%	0.2%
Loan-loss provision	18.1	19.5	1.5%	1.5%
Operating and other income	11.5	3.6	0.4%	0.1%
Of which: Operating income	0.9	1.8	0.0%	0.1%
Operating and other expenses	12.8	18.1	0.3%	0.4%
Of which: Salaries and related expenses	6.4	9.7	0.2%	0.3%
Ordinary before-tax provision	-1.8	-24.2	not calculated	not calculated
Provision for taxes on ordinary profit	0.0	0.0	0.0%	0.0%
Ordinary after-tax profit	-1.8	-24.2	not calculated	not calculated
Bank's share in the profit of subsidiaries	0.0	0.1
Share of minority shareholders in profit of consolidated companies	0.0	0.0
Extraordinary after-tax profit	0.0	0.0
Net profit	-1.8	-24.1	not calculated	not calculated


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	1,032	1,804	7,322	10,158
Balance of financial liabilities on balance-sheet date	2,158	682	6,885	9,726
Excess of financial assets over financial liabilities	-1,127	1,122	437	432
Total indexation balance (incl.forwards and options in term of basis assets) 2	-475	869	38	432
Rate of income on assets (percent) 3	6.88	4.73	21.62	17.19
Rate of expenditure on liabilities (percent) 3	-4.70	-2.82	-21.51	-16.15
Interest-rate differential	2.18	1.91	0.11	1.05

Problem borrowers	31.03.2004	31.12.2003
Total credit risk dew to problem borrowers	1,419	1,447
Total credit to problem borrowers	1,236	1,260

Main financial ratios - consolidated (percent)	31.03.2004	31.12.2003
Equity/balance-sheet ratio	1.76	1.89
Finanancial capital/equity ratio	239.60	220.91
Equity/risk-weighted-assets ratio	-1.02	-0.28
Return on equity (net profit/gross weighted-capital ratio) 4	-3.73	-37.86
Operating income/operating expenses ratio 5	89.84	34.47

^{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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