
Information and Reporing Unit, Banking Supervision Division					14/12/2004
Statement for the second quarter - bank
Azmauth Mortgage and Development Ltd. , Main data, NIS million
Taken from the quarterly report to 30.06.2004, reported amounts at 30.06.2004 (2003 in adjusted amounts).

Summary balance sheet	30.06.2004	31.12.2003	Bank's share of the banking system
Summary balance sheet	30.06.2004	31.12.2003	30.06.2004	31.12.2003
Cash and deposits in banks (*)	0	0	0.0%	0.0%
Securities	0	0	0.0%	0.0%
Credit to the public	2,129	2,092	0.4%	0.4%
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	4	5	0.0%	0.0%
Other assets	8	6	0.0%	0.0%
Total assets	2,142	2,103	0.3%	0.3%
Deposits of the public	262	286	0.0%	0.0%
Deposits of banks (*)	1,627	1,571	2.5%	2.7%
Deposits of the government	41	43	0.2%	0.3%
Bonds and subordinated notes	11	11	0.0%	0.0%
Other liabilities	8	8	0.0%	0.0%
Total liabilities	1,949	1,918	0.2%	0.2%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	0	0
Equity	193	185	0.4%	0.4%

Summary profit and loss statement	Six months to		Bank'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	15.6	14.0	0.1%	0.1%	9.0
Loan-loss provision	3.9	3.7	0.2%	0.1%	2.3
Operating and other income	12.3	13.5	0.2%	0.2%	6.2
Of which: Operating income	12.0	12.7	0.2%	0.3%	6.0
Operating and other expenses	11.2	11.1	0.1%	0.1%	4.9
Of which: Salaries and related expenses	5.9	6.0	0.1%	0.1%	2.6
Ordinary before-tax provision	12.8	13.3	0.3%	0.4%	8.0
Provision for taxes on ordinary profit	4.8	5.9	0.2%	0.3%	2.5
Ordinary after-tax profit	8.0	7.4	0.3%	0.5%	5.5
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	0.0	0.0			0.0
Net profit	8.0	7.4	0.3%	0.5%	5.5


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	103	1,835	200	2,138
Balance of financial liabilities on balance-sheet date	56	1,691	200	1,946
Excess of financial assets over financial liabilities	47	144	1	191
Total indexation balance (incl.forwards and options in term of basis assets) 2	47	144	1	191
Rate of income on assets (percent) 3	4.40	7.93	8.75	7.82
Rate of expenditure on liabilities (percent) 3	-4.97	-7.29	-7.73	-7.28
Interest-rate differential	-0.57	0.64	1.02	0.54

Problem borrowers	30.06.2004	31.12.2003
Total credit risk dew to problem borrowers	129	130
Total credit to problem borrowers	129	130

Main financial ratios - percent	30.06.2004	31.12.2003
Equity/balance-sheet ratio	9.00	8.78
Finanancial capital/equity ratio	99.27	98.65
Equity/risk-weighted-assets ratio	13.60	13.30
Return on equity (net profit/gross weighted-capital ratio) 4	8.80	7.70
Operating income/operating expenses ratio 5	109.82	122.48

^{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.}
					25
^{(*) See note no. 5.1.4 in the introduction.}