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Trading Information

2017 2016 2015
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.53 1.49 1.34
Value Traded (JD) 2,153,861 19,007,694 12,634,093
No. of Shares Traded 1,481,102 12,796,933 10,414,167
No. of Transactions 608 797 2,084
No. of Subscribed Shares 100,000,000 100,000,000 100,000,000
Market Capitalization (JD) 153,000,000 149,000,000 134,000,000
Fiscal Year Ended 31/12/2017 31/12/2016 31/12/2015

Assets (JD)

2017 2016 2015
Cash and Balances at Central Banks 108,370,113 91,250,017 102,527,791
Balances at Banks and Financial Institutions 71,613,034 73,902,498 45,854,292
Deposite at Banks and Financial Institutions 11,013,457 5,500,000 5,000,000
Financial Assets at Fair Value Through Profit 1,853,987 2,128,116 2,556,397
Financial Assets at Fair Value Through Other Comprehensive Income 37,638,042 24,437,914 20,581,461
Financial Assets at Amortized Cost 105,548,083 120,143,870 119,079,954
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 646,039,894 538,630,285 454,704,268
Provision for Credit Facilities 30,471,752 23,314,696 19,277,846
Interests in Suspense 7,882,415 6,332,239 11,081,557
Deferred Income Tax Assets 7,576,553 6,883,615 5,365,915
Fixed Assets,Net 29,663,965 28,573,609 28,727,750
Other Assets 53,929,005 58,126,748 61,022,063
Total Assets 1,073,246,133 949,576,672 845,419,891

Liabilities (JD)

2017 2016 2015
Customers Deposits 676,100,082 622,816,743 584,076,355
Banks & Financial Institutions Deposits 10,232,834 2,432,998 9,018,275
Cash Margins 41,458,158 38,094,827 32,157,407
Loans and Borrowing 139,982,421 99,789,624 42,322,037
Deferred Income Tax liabilities 6,103,221 2,812,850 2,073,433
Other Liabilities 20,572,433 19,286,416 21,126,077
Total Liabilities 894,449,149 785,233,458 690,773,584

Shareholders Equity (JD)

2017 2016 2015
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 25,004,513 23,570,771 21,332,948
Voluntary Reserve 0 0 0
Other Reserves 6,365,000 5,311,284 4,603,049
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 10,000,000 10,000,000 8,000,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value 12,477,651 5,491,519 3,839,176
Retained Earnings 20,033,210 17,663,922 15,984,252
Total Shareholders Equity 173,880,374 162,037,496 153,759,425
Non-controlling Interest 4,916,610 2,305,718 886,882
Total Liabilities & Shareholders Equity 1,073,246,133 949,576,672 845,419,891

Income Statement (JD)

2017 2016 2015
Interest Income 56,577,826 52,218,799 48,508,829
Interest Expense 25,226,339 17,644,158 19,540,071
Net Interest Income 31,351,487 34,574,641 28,968,758
Net Commissions Income 8,674,034 6,470,124 5,852,944
Interests & Commissions, Net 40,025,521 41,044,765 34,821,702
Gains from Financial Assets and Instruments 7,972,304 1,782,874 1,992,557
Gains from Foreign Currencies 991,941 633,866 540,566
Other Revenues 3,439,858 3,638,023 1,845,657
Total Income 52,429,624 47,099,528 39,200,482
Employees Expenses 15,026,270 13,507,421 11,184,227
Depreciation & Amortization 2,714,893 2,852,149 2,759,899
Other Expenses 10,173,861 9,679,016 7,683,199
Provision for Direct Credit and Facilities (period) 4,750,013 -894,045 -3,303,506
Sundry Provisions 26,241 -423,239 271,819
Bad Debts Written Off 0 0 0
Total Expenses 32,691,278 24,721,302 18,595,638
Net Income Before Tax 19,738,346 22,378,226 20,604,844
Income Tax (period) 3,963,271 6,770,967 6,295,018
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income 15,775,075 15,607,259 14,309,826
Non-controlling Interest 701,368 309,460 55,658
Net Income Pertains to Shareholders 15,073,707 15,297,799 14,254,168

Cash Flow (JD)

2017 2016 2015
Cash Balance (Beginning) 162,719,517 136,980,540 93,800,859
Net Cash Flow from (Used in) Operating Activities -9,860,379 16,471,405 29,001,028
Net Cash Flow from (Used in) Investing Activities -4,025,151 -24,271,510 7,304,323
Net Cash Flow from (Used in) Financing Activities 20,867,935 33,501,822 6,832,521
Differences in Exchange 48,391 37,260 41,809
Cash Balance (Ending) 169,750,313 162,719,517 136,980,540

Financial Ratios

2017 2016 2015
Turnover Ratio % 1.48 12.80 10.41
Earning Per Share (JD) 0.15 0.15 0.14
Dividend Per Share (JD) 0.10 0.10 0.08
Book Value Per Share (JD) 1.74 1.62 1.54
Price Earnings Ratio (Times) 10.15 9.74 9.40
Dividend Yield % 6.54 6.71 5.97
Dividend Per Share to Earning Per Share % 66.34 65.37 56.12
Price to Book Value (Times) 0.88 0.92 0.87
Return On Assets % 1.47 1.64 1.69
Return On Equity % 8.67 9.44 9.27
Net Interest and Commissions Income/Total Income % 76.34 87.14 88.83
Credit Interest/Credit Facilities, Net % 8.76 9.69 10.67
Net Income / Total Income % 30.09 33.14 36.50
Total Income / Total Assets % 4.89 4.96 4.64
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 5.94 5.50 6.68
Equity Ratio % 16.66 17.31 18.29
Shareholders Equity /Total Deposits % 25.33 25.92 25.92
Debt Ratio % 83.34 82.69 81.71
Total Deposits/Total Assets % 63.95 65.85 70.15
Net Credit Facilities to Total Assets % 60.19 56.72 53.78
Net Credit Facilities to Total Deposits % 94.13 86.15 76.67
Shareholders Equity to Credit Facilities,Net % 26.91 30.08 33.82
Quick Ratio (Times) 0.28 0.28 0.26
Cash & Investments to Total Deposits % 48.96 50.76 49.84