Information and Reporing Unit, Banking Supervision Division					09/06/2004
Statement for the first quarter - consolidated
The First International 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	11	1	0.0%	0.0%
Securities	0	0	0.0%	0.0%
Credit to the public	7,867	7,817	1.4%	1.4%
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	12	12	0.1%	0.1%
Other assets	12	13	0.1%	0.1%
Total assets	7,901	7,842	0.9%	0.9%
Deposits of the public	987	1,024	0.1%	0.2%
Deposits of banks	6,066	5,983	23.6%	24.6%
Deposits of the government	105	107	0.6%	0.6%
Bonds and subordinated notes	123	122	0.3%	0.3%
Other liabilities	26	21	0.1%	0.1%
Total liabilities	7,307	7,257	0.9%	0.9%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	22	22
Equity	573	563	1.3%	1.3%
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	22.7	25.2	0.5%	0.5%
Loan-loss provision	3.5	3.0	0.3%	0.2%
Operating and other income	12.8	13.1	0.4%	0.5%
Of which: Operating income	12.1	12.3	0.5%	0.6%
Operating and other expenses	13.4	12.3	0.3%	0.3%
Of which: Salaries and related expenses	6.1	6.0	0.2%	0.2%
Ordinary before-tax provision	18.6	18.6	1.0%	1.4%
Provision for taxes on ordinary profit	9.0	9.8	1.1%	1.3%
Ordinary after-tax profit	9.6	8.8	0.9%	1.4%
Bank's share in the profit of subsidiaries	0.0	0.0
Share of minority shareholders in profit of consolidated companies	-0.3	-0.4
Extraordinary after-tax profit	0.0	0.0
Net profit	9.3	8.4	0.7%	1.5%
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	649	6,337	902	7,889
Balance of financial liabilities on balance-sheet date	488	5,899	910	7,297
Excess of financial assets over financial liabilities	161	439	-8	592
Total indexation balance (incl.forwards and options in term of basis assets) 2	161	439	-8	592
Rate of income on assets (percent) 3	5.55	4.86	18.73	6.27
Rate of expenditure on liabilities (percent) 3	-5.07	-4.23	-17.61	-5.72
Interest-rate differential	0.48	0.63	1.12	0.55
Problem borrowers	31.03.2004	31.12.2003
Total credit risk dew to problem borrowers	287	294
Total credit  to problem borrowers	287	294
Main financial ratios - consolidated (percent)	31.03.2004	31.12.2003
Equity/balance-sheet ratio	7.25	7.18
Finanancial capital/equity ratio	103.34	102.84
Equity/risk-weighted-assets ratio	11.50	11.50
Return on equity (net profit/gross weighted-capital ratio) 4	6.80	8.50
Operating income/operating expenses ratio 5	95.52	113.02
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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