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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.83 0.94 1.17
Value Traded (JD) 858,385 1,323,172 1,881,384
No. of Shares Traded 944,036 1,216,290 1,513,107
No. of Transactions 791 942 870
No. of Subscribed Shares 110,000,000 110,000,000 110,000,000
Market Capitalization (JD) 91,300,000 103,400,000 128,700,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash and Balances at Central Banks 68,048,129 49,020,779 72,984,906
Balances at Banks and Financial Institutions 59,257,664 85,029,146 70,518,441
Deposite at Banks and Financial Institutions 2,603,874 27,956,035 14,180,000
Financial Assets at Fair Value Through Profit 0 0 670,416
Financial Assets at Fair Value Through Other Comprehensive Income 148,822,213 104,257,480 175,317
Financial Assets at Amortized Cost 172,474,261 212,886,710 322,727,016
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 621,003,454 613,531,362 597,025,387
Provision for Credit Facilities 42,545,193 31,402,358 21,621,538
Interests in Suspense 10,712,425 8,123,387 9,946,237
Deferred Income Tax Assets 7,078,498 6,401,306 720,116
Fixed Assets,Net 22,459,789 17,320,761 12,852,791
Other Assets 37,311,583 29,499,512 36,208,667
Total Assets 1,139,059,465 1,145,903,091 1,128,063,057

Liabilities (JD)

2019 2018 2017
Customers Deposits 666,361,035 647,518,189 654,114,098
Banks & Financial Institutions Deposits 170,016,352 182,846,643 187,143,257
Cash Margins 49,424,077 51,534,691 52,234,932
Loans and Borrowing 57,866,314 79,130,476 49,169,010
Deferred Income Tax liabilities 1,977,939 6,894 1,139
Other Liabilities 36,521,452 24,687,432 25,158,817
Total Liabilities 982,167,169 985,724,325 967,821,253

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 110,000,000 110,000,000 110,000,000
Subscribed Capital 110,000,000 110,000,000 110,000,000
Paid in Capital 110,000,000 110,000,000 110,000,000
Legal Reserve 27,958,998 27,613,436 26,192,302
Voluntary Reserve 197,281 197,281 197,281
Other Reserves 0 0 5,930,328
Issuance Premium 66,943 66,943 66,943
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 8,250,000 5,500,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value 2,943,308 -77,148 -84,566
Retained Earnings 15,725,766 14,128,254 12,439,516
Total Shareholders Equity 156,892,296 160,178,766 160,241,804
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 1,139,059,465 1,145,903,091 1,128,063,057

Income Statement (JD)

2019 2018 2017
Interest Income 71,372,525 66,552,468 60,152,460
Interest Expense 38,344,004 33,645,669 25,018,316
Net Interest Income 33,028,521 32,906,799 35,134,144
Net Commissions Income 3,561,461 3,545,519 3,445,957
Interests & Commissions, Net 36,589,982 36,452,318 38,580,101
Gains from Financial Assets and Instruments 43,435 459,957 30,239
Gains from Foreign Currencies 1,036,187 1,223,845 954,838
Other Revenues 3,812,104 3,961,586 3,915,045
Total Income 41,481,708 42,097,706 43,480,223
Employees Expenses 13,569,571 13,921,761 13,655,344
Depreciation & Amortization 2,465,579 1,547,679 1,789,413
Other Expenses 7,351,139 8,221,343 8,350,034
Provision for Direct Credit and Facilities (period) 11,869,646 4,667,302 -492,293
Sundry Provisions 2,690,155 -551,720 665,006
Bad Debts Written Off 0 0 0
Total Expenses 37,946,090 27,806,365 23,967,504
Net Income Before Tax 3,535,618 14,291,341 19,512,719
Income Tax (period) 1,520,344 4,495,127 6,467,808
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 80,000 80,000 80,000
Net Income 1,935,274 9,716,214 12,964,911
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 1,935,274 9,716,214 12,964,911

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) -48,789,469 -43,639,910 20,615,408
Net Cash Flow from (Used in) Operating Activities 41,141,940 -29,366,515 -23,719,239
Net Cash Flow from (Used in) Investing Activities -6,073,417 -452,383 -31,875,631
Net Cash Flow from (Used in) Financing Activities -29,539,169 24,476,809 -8,562,619
Differences in Exchange 556,809 192,530 -97,829
Cash Balance (Ending) -42,703,306 -48,789,469 -43,639,910

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.860 1.110 1.380
Earning Per Share (JD) 0.020 0.090 0.120
Dividend Per Share (JD) 0.000 0.080 0.050
Book Value Per Share (JD) 1.430 1.460 1.460
Price Earnings Ratio (Times) 47.180 10.640 9.930
Dividend Yield % 0.000 7.980 4.270
Dividend Per Share to Earning Per Share % 0.000 84.910 42.420
Price to Book Value (Times) 0.580 0.650 0.800
Return On Assets % 0.170 0.850 1.150
Return On Equity % 1.230 6.070 8.090
Net Interest and Commissions Income/Total Income % 88.210 86.590 88.730
Credit Interest/Credit Facilities, Net % 11.490 10.850 10.080
Net Income / Total Income % 4.670 23.080 29.820
Total Income / Total Assets % 3.640 3.670 3.850
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 8.580 6.440 5.290
Equity Ratio % 13.770 13.980 14.210
Shareholders Equity /Total Deposits % 18.760 19.290 19.050
Debt Ratio % 86.230 86.020 85.790
Total Deposits/Total Assets % 73.430 72.460 74.580
Net Credit Facilities to Total Assets % 54.520 53.540 52.920
Net Credit Facilities to Total Deposits % 74.250 73.890 70.970
Shareholders Equity to Credit Facilities,Net % 25.260 26.110 26.840
Quick Ratio (Times) 0.160 0.200 0.190
Cash & Investments to Total Deposits % 53.950 57.700 57.210
Cash + Trading Investments / Total Deposits (Times) 0.160 0.200 0.190