Bank of Israel - Main Data on Banks, for 30.06.2004, for Each Bank


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Home Page > Data on Israel's banking system > Main Data on Banks

Main Data on Banks, for 30.06.2004, for Each Bank

Main Data on Banks, for 30.06.2004, for Each Bank - Introduction

Presentation of the data
1	The format adopted in this publication gives the main data relating to banks' activities on one page, to enable their profitability, balance-sheet balances, financial ratios and main development trends for the relevant period to be reviewed at a glance. This is not intended to make a thorough reading of the financial statements unnecessary, as a banking corporation's activities may include very significant data or events, which are not reflected in this format.
2	All the data are included explicitly in the financial statements, or can be derived from them via simple calculations, as will be explained below.
3	In each chapter the data are further divided into two groups according to the basis of their published financial statements, i.e.:
	- Data on a consolidated basis.
	- Data on an individual bank basis (unconsolidated).
	For a banking corporation which published data on a consolidated basis, no data on an individual bank basis (unconsolidated) are shown.
4	Reconciliation of financial statements In accordance with Accounting Regolations Nos. 12 and 17, the adjustment of financial statements ended on 1 January 2004. Hence data to 30 June 2004 are shown as amounts reported.
	Amount reported: The amount adjusted to the transition date, plus nominal amounts added after the transition date, minus amounts deducted after the transition date (31 December 2003).
	Comparative balance- sheet data are shown adjusted to the December 2003 CPI.
	Regarding comperative data for the Profit and Loss Account:
	a. The items in the Profit and Loss Account up to Ordinary Pre-Tax Profits are shown adjusted to the December 2002 CPI.
	b. Items in the Profit and Loss Account from Ordinary Pre-Tax Profits up to Net Profit Are shown adjusted to the December 2003 CPI.
Legend
	The terms used in this publication have the same meaning as in the Guidelines for Preparing Reports for the Public determined by the Supervisor of Banks.
	The definitions included herein relate to the relevant concepts defined in the Guidelines for Preparing Reports for the Public, as well as concepts related to specific calculations performed for this publication.
	The concepts are arranged in the order of their appearance under the chapter headings in this publication: Summary balance sheet and profit and loss statement.
	The bank's share in the whole system
Total Banking System
5.1	Banks whose data are shown on a consolidated basis are included in the whole system on a consolidated basis, and banks whose data are shown on an individual bank basis are included in the whole system on an individual bank basis
	5.1.1	The banks' and mortage banks whole system is defined as the sum of all the commercial banks excluding:
		Atzmauth Mortgage and Development Bank Ltd
		Bank Massad Ltd
		Bank "Yahav" Le-Ovdei Hamdina Ltd
		Discount Mortgage Bank Ltd
		Israel Continental Bank Ltd
		Leumi Mortgage Bank Ltd
		Mercantile Discount Bank Ltd
		Otsar Hahayal Bank Ltd
		Poalei Agudat Israel Bank Ltd
		"Tefahot" Israel Mortgage Bank Ltd
		The First International Mortgage Bank Ltd
		The data of these banks are not included, because those of the parent bank in each case are shown on a consolidated basis, so that they are included indirectly in the summary.
		Note: Data on these banks are also shown in this publication, as a result of the system adopted, if the balances ;separately of all the banks covered in the publication were included, balances exceeding that of the whole system would be obtained.
	5.1.2	The item Total Banking System does not include financial institutions and the merchant bank, and their share in the banking system is not calculated.
		The share of merchant banks and the rest of the financial institutions in the total banking system is not calculated, but they are included indirectly as their parent banks
	5.1.3	The share of the bank or banking group in the summary profit and loss statement is calculated only for banks showing a profit, as the concept of the share in profit has no meaning in the case of a bank making a loss. In calculating the total profit of the banking system (in the denominator) only banks making a profit are taken into account. In the figures for the total banking system losses are also taken into account.
	5.1.4	In the items Cash and deposits in banks and Deposits from banks the figure is calculated for the whole banking system (on a consolidated basis) after offsetting deposits of banks in other banks in the same group. For the parent bank of a banking group the share of the banking group or bank in these items is calculated as the share of this total. In contrast, for every bank belonging to a banking group (and appearing in the list in section 5.1.1 above) the share of the banking group or bank in these items in the whole banking system is calculated on a bank basis (not offset). In the item Cash and deposits in banks the total for the banking system on a bank basis on 30 June 2004 was NIS 138,132 million, and on 31 December 2003 it was NIS 149,729 million. In the item Deposits from banks the total for the banking system on a bank basis on 30 June 2004 was NIS 64,016 million, and on 31 December 2003 it was NIS 58,427 million.
5.2	Rate of income from (expenses on) assets (liabilities); The balances used to
	calculate the rate of income (expenses) are averages of opening monthly balances of assets (liabilities) on which the income was earned (financing expenses were incurred). In theunindexed local-currency segment the average balances are based on daily balances.
5.3	Excess of financial assets over financial liabilities; The excess (deficiency) of assets over liabilities on the balance-sheet date in each of the indexation segments,
	excluding the effect of ALM derivatives and financial options. If liabilities exceed assets ina particular indexation segment, the difference is shown as a negative amount.
5.4	Problem debt Defined as "indebtedness under special supervision, an overdue debt, a rescheduled debt or one which it has been decided to reschedule but the rescheduling has not yet been implemented, a non-performing debt, or a debt which is considered doubtful, either in part or in total." Credit covered by recognized collateral for the purposes of the limitation on a borrower is not deducted from problem debts. The data for the mortgage banks include loans for which a special loan-loss provision was made according to the depth of the arrears.
5.5	Main financial ration in annual terms Gross weighted equity: equity at the beginning of the year, plus stock issues weighted according to the time in the year they were issued.

Data on Israel's banking system

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