
Information and Reporing Unit, Banking Supervision Division					14/12/2004
Statement for the second quarter - consolidated
The First International Mortgage Bank 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 (*)	1	1	0.0%	0.0%
Securities	0	0	0.0%	0.0%
Credit to the public	8,009	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	11	12	0.1%	0.1%
Other assets	16	13	0.1%	0.1%
Total assets	8,037	7,842	1.0%	0.9%
Deposits of the public	930	1,024	0.1%	0.2%
Deposits of banks (*)	6,242	5,983	9.8%	10.2%
Deposits of the government	102	107	0.6%	0.6%
Bonds and subordinated notes	125	122	0.3%	0.3%
Other liabilities	25	21	0.1%	0.1%
Total liabilities	7,425	7,257	0.9%	0.9%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	23	22
Equity	590	563	1.3%	1.3%

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	50.7	47.5	0.5%	0.5%	28.1
Loan-loss provision	7.4	7.4	0.3%	0.2%	3.9
Operating and other income	25.7	27.6	0.4%	0.5%	12.8
Of which: Operating income	24.3	24.7	0.5%	0.6%	12.1
Operating and other expenses	24.5	24.4	0.3%	0.3%	11.0
Of which: Salaries and related expenses	11.3	11.5	0.2%	0.2%	5.2
Ordinary before-tax provision	44.5	45.1	1.0%	1.4%	26.0
Provision for taxes on ordinary profit	17.0	19.6	0.9%	1.1%	8.1
Ordinary after-tax profit	27.5	25.5	1.1%	1.7%	17.9
Bank's share in the profit of subsidiaries	0.0	0.0			0.0
Share of minority shareholders in profit of consolidated companies	-0.9	-1.1			-0.6
Extraordinary after-tax profit	0.0	0.0			0.0
Net profit	26.6	24.4	1.0%	1.7%	17.3


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	668	6,346	1,011	8,025
Balance of financial liabilities on balance-sheet date	481	5,910	1,021	7,413
Excess of financial assets over financial liabilities	187	435	-10	612
Total indexation balance (incl.forwards and options in term of basis assets) 2	187	435	-10	612
Rate of income on assets (percent) 3	5.31	7.72	8.76	7.63
Rate of expenditure on liabilities (percent) 3	-4.83	-7.13	-7.67	-7.04
Interest-rate differential	0.47	0.59	1.09	0.58

Problem borrowers	30.06.2004	31.12.2003
Total credit risk dew to problem borrowers	309	294
Total credit to problem borrowers	309	294

Main financial ratios - consolidated (percent)	30.06.2004	31.12.2003
Equity/balance-sheet ratio	7.34	7.18
Finanancial capital/equity ratio	103.78	102.84
Equity/risk-weighted-assets ratio	11.70	11.50
Return on equity (net profit/gross weighted-capital ratio) 4	9.70	8.50
Operating income/operating expenses ratio 5	104.90	113.02

^{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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^{(*) See note no. 5.1.4 in the introduction.}