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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 2.51 2.90 3.50
Value Traded (JD) 2,982,054 2,575,361 10,003,452
No. of Shares Traded 1,076,738 803,162 2,621,204
No. of Transactions 1,615 1,802 1,491
No. of Subscribed Shares 100,000,000 100,000,000 100,000,000
Market Capitalization (JD) 251,000,000 290,000,000 350,000,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash and Balances at Central Banks 402,004,690 210,936,892 224,259,331
Balances at Banks and Financial Institutions 134,085,678 215,594,692 317,656,734
Deposite at Banks and Financial Institutions 217,231 8,750,300 6,246,210
Financial Assets at Fair Value Through Profit 0 0 66,673,669
Financial Assets at Fair Value Through Other Comprehensive Income 96,124,306 127,683,431 29,240,711
Financial Assets at Amortized Cost 308,656,110 293,048,859 395,100,921
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 1,573,776,716 1,632,672,467 1,562,286,911
Provision for Credit Facilities 77,230,045 74,997,329 49,321,331
Interests in Suspense 18,676,825 11,647,484 12,401,539
Deferred Income Tax Assets 31,137,943 29,918,911 11,299,456
Fixed Assets,Net 26,711,598 26,106,712 29,388,555
Other Assets 183,286,639 176,732,875 190,054,528
Total Assets 2,756,000,911 2,721,445,139 2,832,207,026

Liabilities (JD)

2019 2018 2017
Customers Deposits 1,866,092,506 1,785,172,783 1,808,308,934
Banks & Financial Institutions Deposits 141,237,514 223,387,840 306,217,195
Cash Margins 82,178,622 94,713,087 96,179,696
Loans and Borrowing 102,207,464 83,458,298 80,137,973
Deferred Income Tax liabilities 3,489,800 4,231,861 3,791,258
Other Liabilities 101,262,566 84,919,461 69,160,648
Total Liabilities 2,296,468,472 2,275,883,330 2,363,795,704

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 100,000,000 100,000,000 100,000,000
Subscribed Capital 100,000,000 100,000,000 100,000,000
Paid in Capital 100,000,000 100,000,000 100,000,000
Legal Reserve 96,043,640 91,350,185 86,034,401
Voluntary Reserve 181,023,362 171,636,452 160,466,574
Other Reserves -17,829 -17,829 14,516,472
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 20,000,000 20,000,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value 2,296,466 4,160,518 8,118,101
Retained Earnings 80,186,800 58,432,483 79,275,774
Total Shareholders Equity 459,532,439 445,561,809 468,411,322
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 2,756,000,911 2,721,445,139 2,832,207,026

Income Statement (JD)

2019 2018 2017
Interest Income 152,228,944 146,443,509 138,865,522
Interest Expense 62,373,111 55,498,598 44,281,156
Net Interest Income 89,855,833 90,944,911 94,584,366
Net Commissions Income 11,035,726 11,400,650 11,301,779
Interests & Commissions, Net 100,891,559 102,345,561 105,886,145
Gains from Financial Assets and Instruments 1,969,666 3,642,536 1,486,392
Gains from Foreign Currencies 3,345,425 3,960,557 4,896,518
Other Revenues 16,468,794 15,001,618 11,142,154
Total Income 122,675,444 124,950,272 123,411,209
Employees Expenses 27,843,261 26,709,630 26,548,039
Depreciation & Amortization 6,575,780 6,309,945 6,502,225
Other Expenses 23,565,303 36,377,223 32,178,647
Provision for Direct Credit and Facilities (period) 14,003,821 2,328,885 15,720,456
Sundry Provisions 3,745,135 -2,976,739 1,287,777
Bad Debts Written Off 0 0 0
Total Expenses 75,733,300 68,748,944 82,237,144
Net Income Before Tax 46,942,144 56,201,328 41,174,065
Income Tax (period) 16,869,524 13,967,820 14,128,272
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 135,000 90,000 90,000
Net Income 29,937,620 42,143,508 26,955,793
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 29,937,620 42,143,508 26,955,793

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 207,432,021 272,915,714 145,447,357
Net Cash Flow from (Used in) Operating Activities 218,695,920 -116,671,157 24,702,768
Net Cash Flow from (Used in) Investing Activities 11,515,030 66,514,431 79,592,224
Net Cash Flow from (Used in) Financing Activities -595,615 -15,884,632 21,850,317
Differences in Exchange 7,461 557,665 1,323,048
Cash Balance (Ending) 437,054,817 207,432,021 272,915,714

Financial Ratios

2019 2018 2017
Turnover Ratio % 1.080 0.800 2.620
Earning Per Share (JD) 0.300 0.420 0.270
Dividend Per Share (JD) 0.000 0.200 0.200
Book Value Per Share (JD) 4.600 4.460 4.680
Price Earnings Ratio (Times) 8.380 6.880 12.980
Dividend Yield % 0.000 6.900 5.710
Dividend Per Share to Earning Per Share % 0.000 47.460 74.200
Price to Book Value (Times) 0.550 0.650 0.750
Return On Assets % 1.090 1.550 0.950
Return On Equity % 6.510 9.460 5.750
Net Interest and Commissions Income/Total Income % 82.240 81.910 85.800
Credit Interest/Credit Facilities, Net % 9.670 8.970 8.890
Net Income / Total Income % 24.400 33.730 21.840
Total Income / Total Assets % 4.450 4.590 4.360
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 6.090 5.310 3.950
Equity Ratio % 16.670 16.370 16.540
Shareholders Equity /Total Deposits % 22.890 22.180 22.150
Debt Ratio % 83.330 83.630 83.460
Total Deposits/Total Assets % 72.830 73.800 74.660
Net Credit Facilities to Total Assets % 57.100 59.990 55.160
Net Credit Facilities to Total Deposits % 78.400 81.290 73.880
Shareholders Equity to Credit Facilities,Net % 29.200 27.290 29.980
Quick Ratio (Times) 0.270 0.220 0.290
Cash & Investments to Total Deposits % 46.880 42.620 49.140
Cash + Trading Investments / Total Deposits (Times) 0.270 0.220 0.290