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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.29 1.32 1.53
Value Traded (JD) 9,280,638 2,518,224 2,153,861
No. of Shares Traded 7,691,020 1,809,834 1,481,102
No. of Transactions 330 588 608
No. of Subscribed Shares 100,000,000 100,000,000 100,000,000
Market Capitalization (JD) 129,000,000 132,000,000 153,000,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash and Balances at Central Banks 120,759,451 131,690,084 108,370,113
Balances at Banks and Financial Institutions 57,764,189 60,496,498 71,613,034
Deposite at Banks and Financial Institutions 6,752,924 5,795,837 11,013,457
Financial Assets at Fair Value Through Profit 9,667 1,887,883 1,853,987
Financial Assets at Fair Value Through Other Comprehensive Income 43,941,650 42,824,335 37,638,042
Financial Assets at Amortized Cost 169,034,592 122,698,332 105,548,083
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 674,286,869 688,947,616 645,354,229
Provision for Credit Facilities 37,578,723 39,295,304 30,471,752
Interests in Suspense 8,227,470 10,357,921 7,882,415
Deferred Income Tax Assets 11,472,794 11,309,801 7,576,553
Fixed Assets,Net 29,525,829 29,803,843 29,663,965
Other Assets 65,231,372 56,648,687 54,614,670
Total Assets 1,178,779,337 1,152,102,916 1,073,246,133

Liabilities (JD)

2019 2018 2017
Customers Deposits 764,774,867 747,519,491 676,100,082
Banks & Financial Institutions Deposits 12,923,564 11,496,379 10,232,834
Cash Margins 37,955,674 53,612,634 41,458,158
Loans and Borrowing 130,176,032 114,971,217 139,982,421
Deferred Income Tax liabilities 7,337,607 8,463,508 6,103,221
Other Liabilities 43,600,704 37,202,457 20,572,433
Total Liabilities 996,768,448 973,265,686 894,449,149

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 29,728,357 27,263,225 25,004,513
Voluntary Reserve 0 0 0
Other Reserves 0 0 6,365,000
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 11,000,000 10,000,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value 12,255,295 13,475,675 12,477,651
Retained Earnings 35,387,832 22,486,650 20,033,210
Total Shareholders Equity 177,371,484 174,225,550 173,880,374
Non-controlling Interest 4,639,405 4,611,680 4,916,610
Total Liabilities & Shareholders Equity 1,178,779,337 1,152,102,916 1,073,246,133

Income Statement (JD)

2019 2018 2017
Interest Income 76,460,109 71,539,962 56,577,826
Interest Expense 41,859,280 38,796,641 25,226,339
Net Interest Income 34,600,829 32,743,321 31,351,487
Net Commissions Income 10,959,626 10,617,118 8,674,034
Interests & Commissions, Net 45,560,455 43,360,439 40,025,521
Gains from Financial Assets and Instruments 3,423,032 2,437,129 7,972,304
Gains from Foreign Currencies 957,015 617,301 991,941
Other Revenues 3,518,415 3,666,006 3,439,858
Total Income 53,458,917 50,080,875 52,429,624
Employees Expenses 15,778,464 16,204,743 15,026,270
Depreciation & Amortization 3,176,892 2,366,276 2,714,893
Other Expenses 8,956,692 10,195,262 9,417,866
Provision for Direct Credit and Facilities (period) 2,155,060 622,494 4,750,013
Sundry Provisions 481,274 -506,346 782,236
Bad Debts Written Off 0 0 0
Total Expenses 30,548,382 28,882,429 32,691,278
Net Income Before Tax 22,910,535 21,198,446 19,738,346
Income Tax (period) 6,810,519 5,189,799 3,963,271
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income 16,100,016 16,008,647 15,775,075
Non-controlling Interest 416,215 528,933 701,368
Net Income Pertains to Shareholders 15,683,801 15,479,714 15,073,707

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 180,723,437 169,750,313 162,719,517
Net Cash Flow from (Used in) Operating Activities 30,456,968 53,506,009 -9,860,379
Net Cash Flow from (Used in) Investing Activities -48,497,019 -20,668,417 -4,025,151
Net Cash Flow from (Used in) Financing Activities 2,954,815 -21,911,204 20,867,935
Differences in Exchange 27,175 46,736 48,391
Cash Balance (Ending) 165,665,376 180,723,437 169,750,313

Financial Ratios

2019 2018 2017
Turnover Ratio % 7.690 1.810 1.480
Earning Per Share (JD) 0.160 0.150 0.150
Dividend Per Share (JD) 0.000 0.110 0.100
Book Value Per Share (JD) 1.770 1.740 1.740
Price Earnings Ratio (Times) 8.230 8.530 10.150
Dividend Yield % 0.000 8.330 6.540
Dividend Per Share to Earning Per Share % 0.000 71.060 66.340
Price to Book Value (Times) 0.730 0.760 0.880
Return On Assets % 1.370 1.390 1.470
Return On Equity % 8.840 8.880 8.670
Net Interest and Commissions Income/Total Income % 85.230 86.580 76.340
Credit Interest/Credit Facilities, Net % 11.340 10.380 8.770
Net Income / Total Income % 30.120 31.970 30.090
Total Income / Total Assets % 4.540 4.350 4.890
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 6.790 7.210 5.940
Equity Ratio % 15.440 15.520 16.660
Shareholders Equity /Total Deposits % 22.810 22.950 25.330
Debt Ratio % 84.560 84.480 83.340
Total Deposits/Total Assets % 65.970 65.880 63.950
Net Credit Facilities to Total Assets % 57.200 59.800 60.130
Net Credit Facilities to Total Deposits % 86.700 90.770 94.030
Shareholders Equity to Credit Facilities,Net % 26.310 25.290 26.940
Quick Ratio (Times) 0.240 0.260 0.280
Cash & Investments to Total Deposits % 51.210 48.140 48.960
Cash + Trading Investments / Total Deposits (Times) 0.240 0.260 0.280