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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.32 1.53 1.49
Value Traded (JD) 2,518,224 2,153,861 19,007,694
No. of Shares Traded 1,809,834 1,481,102 12,796,933
No. of Transactions 588 608 797
No. of Subscribed Shares 100,000,000 100,000,000 100,000,000
Market Capitalization (JD) 132,000,000 153,000,000 149,000,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash and Balances at Central Banks 131,690,084 108,370,113 91,250,017
Balances at Banks and Financial Institutions 60,496,498 71,613,034 73,902,498
Deposite at Banks and Financial Institutions 5,795,837 11,013,457 5,500,000
Financial Assets at Fair Value Through Profit 1,887,883 1,853,987 2,128,116
Financial Assets at Fair Value Through Other Comprehensive Income 42,824,335 37,638,042 24,437,914
Financial Assets at Amortized Cost 122,698,332 105,548,083 120,143,870
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 688,947,616 645,354,229 538,630,285
Provision for Credit Facilities 39,295,304 30,471,752 23,314,696
Interests in Suspense 10,357,921 7,882,415 6,332,239
Deferred Income Tax Assets 11,309,801 7,576,553 6,883,615
Fixed Assets,Net 29,803,843 29,663,965 28,573,609
Other Assets 56,648,687 54,614,670 58,126,748
Total Assets 1,152,102,916 1,073,246,133 949,576,672

Liabilities (JD)

2018 2017 2016
Customers Deposits 747,519,491 676,100,082 622,816,743
Banks & Financial Institutions Deposits 11,496,379 10,232,834 2,432,998
Cash Margins 53,612,634 41,458,158 38,094,827
Loans and Borrowing 114,971,217 139,982,421 99,789,624
Deferred Income Tax liabilities 8,463,508 6,103,221 2,812,850
Other Liabilities 37,202,457 20,572,433 19,286,416
Total Liabilities 973,265,686 894,449,149 785,233,458

Shareholders Equity (JD)

2018 2017 2016
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 27,263,225 25,004,513 23,570,771
Voluntary Reserve 0 0 0
Other Reserves 0 6,365,000 5,311,284
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 11,000,000 10,000,000 10,000,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value 13,475,675 12,477,651 5,491,519
Retained Earnings 22,486,650 20,033,210 17,663,922
Total Shareholders Equity 174,225,550 173,880,374 162,037,496
Non-controlling Interest 4,611,680 4,916,610 2,305,718
Total Liabilities & Shareholders Equity 1,152,102,916 1,073,246,133 949,576,672

Income Statement (JD)

2018 2017 2016
Interest Income 71,539,962 56,577,826 52,218,799
Interest Expense 38,796,641 25,226,339 17,644,158
Net Interest Income 32,743,321 31,351,487 34,574,641
Net Commissions Income 10,617,118 8,674,034 6,470,124
Interests & Commissions, Net 43,360,439 40,025,521 41,044,765
Gains from Financial Assets and Instruments 2,437,129 7,972,304 1,782,874
Gains from Foreign Currencies 617,301 991,941 633,866
Other Revenues 3,666,006 3,439,858 3,638,023
Total Income 50,080,875 52,429,624 47,099,528
Employees Expenses 16,204,743 15,026,270 13,507,421
Depreciation & Amortization 2,366,276 2,714,893 2,852,149
Other Expenses 10,195,262 9,417,866 9,679,016
Provision for Direct Credit and Facilities (period) 622,494 4,750,013 -894,045
Sundry Provisions -506,346 782,236 -423,239
Bad Debts Written Off 0 0 0
Total Expenses 28,882,429 32,691,278 24,721,302
Net Income Before Tax 21,198,446 19,738,346 22,378,226
Income Tax (period) 5,189,799 3,963,271 6,770,967
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income 16,008,647 15,775,075 15,607,259
Non-controlling Interest 528,933 701,368 309,460
Net Income Pertains to Shareholders 15,479,714 15,073,707 15,297,799

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 169,750,313 162,719,517 136,980,540
Net Cash Flow from (Used in) Operating Activities 53,506,009 -9,860,379 16,471,405
Net Cash Flow from (Used in) Investing Activities -20,668,417 -4,025,151 -24,271,510
Net Cash Flow from (Used in) Financing Activities -21,911,204 20,867,935 33,501,822
Differences in Exchange 46,736 48,391 37,260
Cash Balance (Ending) 180,723,437 169,750,313 162,719,517

Financial Ratios

2018 2017 2016
Turnover Ratio % 1.81 1.48 12.80
Earning Per Share (JD) 0.15 0.15 0.15
Dividend Per Share (JD) 0.11 0.10 0.10
Book Value Per Share (JD) 1.74 1.74 1.62
Price Earnings Ratio (Times) 8.53 10.15 9.74
Dividend Yield % 8.33 6.54 6.71
Dividend Per Share to Earning Per Share % 71.06 66.34 65.37
Price to Book Value (Times) 0.76 0.88 0.92
Return On Assets % 1.39 1.47 1.64
Return On Equity % 8.88 8.67 9.44
Net Interest and Commissions Income/Total Income % 86.58 76.34 87.14
Credit Interest/Credit Facilities, Net % 10.38 8.77 9.69
Net Income / Total Income % 31.97 30.09 33.14
Total Income / Total Assets % 4.35 4.89 4.96
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 7.21 5.94 5.50
Equity Ratio % 15.52 16.66 17.31
Shareholders Equity /Total Deposits % 22.95 25.33 25.92
Debt Ratio % 84.48 83.34 82.69
Total Deposits/Total Assets % 65.88 63.95 65.85
Net Credit Facilities to Total Assets % 59.80 60.13 56.72
Net Credit Facilities to Total Deposits % 90.77 94.03 86.15
Shareholders Equity to Credit Facilities,Net % 25.29 26.94 30.08
Quick Ratio (Times) 0.26 0.28 0.28
Cash & Investments to Total Deposits % 48.14 48.96 50.76
Cash + Trading Investments / Total Deposits (Times) 0.26 0.28 0.28