Information and Reporing Unit, Banking Supervision Division					14/12/2004
Statement for the second quarter - consolidated
Poalim Capital Markets and Investments 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
Cash and deposits in banks	138	130
Securities	106	98
Credit to the public	0	0
Credit to the government	0	0
Investments in companies included on an equity basis	37	38
Buildings and equipment	1	1
Other assets	7	6
Total assets	290	274
Deposits of the public	0	0
Deposits of banks	7	10
Deposits of the government	0	0
Bonds and subordinated notes	73	70
Other liabilities	7	7
Total liabilities	86	87
Quasi-capital items	0	0
Minority shareholders' rights	36	40
Equity	167	147
Summary consolidated profit and loss statement	Six months to		Three  months to
	30.06.2004	30.06.2003	30.06.2004
Net interest profit before loan-loss provision	1.5	-1.7	0.2
Loan-loss provision	0.0	0.0	0.0
Operating and other income	22.0	0.4	13.2
Of which: Operating income	6.2	3.3	2.0
Operating and other expenses	9.0	9.5	4.2
Of which: Salaries and related expenses	4.9	3.0	2.1
Ordinary before-tax provision	14.5	-9.8	9.2
Provision for taxes on ordinary profit	0.3	-1.4	0.1
Ordinary after-tax profit	14.2	-8.4	9.1
Bank's share in the profit of subsidiaries	2.7	1.3	1.0
Share of minority shareholders in profit of consolidated companies	-1.4	1.2	-0.7
Extraordinary after-tax profit	0.0	0.0	0.0
Net profit	15.5	-5.9	9.4
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	44	80	56	180
Balance of financial liabilities on balance-sheet date	13	73	0	86
Excess of financial assets over financial liabilities	31	7	56	94
Total indexation balance (incl.forwards and options in term of basis assets) 2	31	7	56	94
Rate of income on assets (percent) 3	5.45	8.42	3.37	6.33
Rate of expenditure on liabilities (percent) 3	-7.84	-9.23	0.00	-9.09
Interest-rate differential	-2.39	-0.81	3.37	-2.76
Problem borrowers	30.06.2004	31.12.2003
Total credit risk dew to problem borrowers	0	0
Total credit  to problem borrowers	0	0
Main financial ratios - consolidated (percent)	30.06.2004	31.12.2003
Equity/balance-sheet ratio	57.79	53.89
Finanancial capital/equity ratio	56.19	51.22
Equity/risk-weighted-assets ratio	207.70	198.50
Return on equity (net profit/gross weighted-capital ratio) 4	22.11	-23.72
Operating income/operating expenses ratio 5	244.44	-74.14
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.
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