Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - consolidated
Leumi Mortgage Bank 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	20	20	0.0%	0.0%
Securities	40	0	0.0%	0.0%
Credit to the public	31,441	31,098	5.5%	5.5%
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	38	37	0.4%	0.3%
Other assets	193	194	0.9%	0.8%
Total assets	31,732	31,349	3.8%	3.8%
Deposits of the public	7,470	7,430	1.1%	1.1%
Deposits of banks	20,679	20,427	80.4%	84.1%
Deposits of the government	603	602	3.6%	3.6%
Bonds and subordinated notes	1,260	1,207	3.1%	3.1%
Other liabilities	106	95	0.4%	0.3%
Total liabilities	30,118	29,761	3.8%	3.8%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	1,614	1,588	3.6%	3.6%
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	93.0	94.0	1.8%	1.9%
Loan-loss provision	37.0	31.0	3.0%	2.3%
Operating and other income	38.0	39.0	1.3%	1.5%
Of which: Operating income	38.0	38.0	1.6%	1.8%
Operating and other expenses	43.0	44.0	0.9%	0.9%
Of which: Salaries and related expenses	22.0	25.0	0.7%	0.9%
Ordinary before-tax provision	51.0	46.0	2.7%	3.4%
Provision for taxes on ordinary profit	25.0	25.0	3.1%	3.3%
Ordinary after-tax profit	26.0	21.0	2.4%	3.4%
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	26.0	21.0	2.1%	3.7%
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	1,164	26,941	3,580	31,685
Balance of financial liabilities on balance-sheet date	795	25,685	3,583	30,063
Excess of financial assets over financial liabilities	369	1,256	-3	1,622
Total indexation balance (incl.forwards and options in term of basis assets) 2	369	1,256	-3	1,622
Rate of income on assets (percent) 3	6.75	5.07	18.27	6.47
Rate of expenditure on liabilities (percent) 3	-5.18	-4.37	-16.22	-5.66
Interest-rate differential	1.58	0.70	2.05	0.81
Problem borrowers	31.03.2004	31.12.2003
Total credit risk dew to problem borrowers	1,360	1,266
Total credit  to problem borrowers	1,288	1,224
Main financial ratios - consolidated (percent)	31.03.2004	31.12.2003
Equity/balance-sheet ratio	5.09	5.07
Finanancial capital/equity ratio	100.50	99.94
Equity/risk-weighted-assets ratio	9.51	9.49
Return on equity (net profit/gross weighted-capital ratio) 4	6.60	7.40
Operating income/operating expenses ratio 5	88.37	83.75
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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