
Information and Reporing Unit, Banking Supervision Division					14/12/2004
Statement for the second quarter - consolidated
Bank Yahav Le-Ovdei Hamdina Ltd. and its subsidiaries , Main data, NIS million
Taken from the quarterly report to 30.06.2004, reported amounts at 30.06.2004 (2003 in adjusted amounts).

Summary consolidated balance sheet	30.06.2004	31.12.2003	Banking group's share of the banking system
Summary consolidated balance sheet	30.06.2004	31.12.2003	30.06.2004	31.12.2003
Cash and deposits in banks (*)	4,357	4,183	3.2%	2.8%
Securities	1,864	1,957	1.4%	1.6%
Credit to the public	1,228	1,088	0.2%	0.2%
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	122	124	1.2%	1.2%
Other assets	39	35	0.2%	0.1%
Total assets	7,611	7,386	0.9%	0.9%
Deposits of the public	7,144	6,943	1.0%	1.0%
Deposits of banks (*)	9	10	0.0%	0.0%
Deposits of the government	0	1	0.0%	0.0%
Bonds and subordinated notes	0	0	0.0%	0.0%
Other liabilities	86	87	0.3%	0.3%
Total liabilities	7,239	7,041	0.9%	0.9%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	371	346	0.8%	0.8%

Summary consolidated profit and loss statement	Six months to		Banking group's share of the banking system		Three months to
	Six months to		Six months to		Three months to
	30.06.2004	30.06.2003	30.06.2004	30.06.2003	30.06.2004
Net interest profit before loan-loss provision	85.8	68.3	0.8%	0.7%	46.6
Loan-loss provision	2.7	1.6	0.1%	0.1%	0.9
Operating and other income	76.9	72.7	1.3%	1.3%	37.1
Of which: Operating income	40.4	36.8	0.8%	0.8%	19.6
Operating and other expenses	106.1	103.1	1.1%	1.1%	54.3
Of which: Salaries and related expenses	56.6	58.2	1.0%	1.1%	28.5
Ordinary before-tax provision	53.9	36.4	1.2%	1.1%	28.5
Provision for taxes on ordinary profit	25.9	18.1	1.3%	1.0%	13.4
Ordinary after-tax profit	28.0	18.3	1.1%	1.2%	15.1
Bank's share in the profit of subsidiaries	0.0	0.0			0.0
Share of minority shareholders in profit of consolidated companies	0.0	0.0			0.0
Extraordinary after-tax profit	0.2	0.8			0.2
Net profit	28.2	19.1	1.0%	1.3%	15.3


Balances and rates of return on financial items by indexation base on 30.06.2004	Unindexed NIS	CPI-indexed NIS	Foreign Currency (1)	Total financial items
Balance of financial assets on balance-sheet date	4,062	3,072	355	7,488
Balance of financial liabilities on balance-sheet date	3,833	3,061	345	7,239
Excess of financial assets over financial liabilities	229	10	10	249
Total indexation balance (incl.forwards and options in term of basis assets) 2	47	192	10	249
Rate of income on assets (percent) 3	5.28	6.87	5.04	5.97
Rate of expenditure on liabilities (percent) 3	-2.38	-5.56	-3.75	-3.81
Interest-rate differential	2.90	1.31	1.29	2.16

Problem borrowers	30.06.2004	31.12.2003
Total credit risk dew to problem borrowers	53	68
Total credit to problem borrowers	49	62

Main financial ratios - consolidated (percent)	30.06.2004	31.12.2003
Equity/balance-sheet ratio	4.88	4.68
Finanancial capital/equity ratio	67.03	64.20
Equity/risk-weighted-assets ratio	15.50	15.80
Return on equity (net profit/gross weighted-capital ratio) 4	17.00	12.00
Operating income/operating expenses ratio 5	72.48	71.04

^{1 Including foreign-currency indexed NIS.}
^{2 Forwards transactions.}
^{3 Six-month rate of income (expenses), on annual basis including hedging, embedded and ALM derivatives.}
^{4 Annual basis.}
^{5 For six months. Comparative data are annual.}
					3
^{(*) See note no. 5.1.4 in the introduction.}