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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.33 1.50 1.85
Value Traded (JD) 15,329,503 20,012,149 57,125,077
No. of Shares Traded 10,273,174 11,921,038 24,878,859
No. of Transactions 5,098 4,871 7,317
No. of Subscribed Shares 180,000,000 180,000,000 180,000,000
Market Capitalization (JD) 239,400,000 270,000,000 333,000,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash and Balances at Central Banks 333,370,286 519,193,270 225,410,667
Balances at Banks and Financial Institutions 117,852,700 153,418,551 333,854,252
Deposite at Banks and Financial Institutions 89,579,213 94,494,903 73,543,068
Financial Assets at Fair Value Through Profit 11,503,790 22,275,220 25,822,584
Financial Assets at Fair Value Through Other Comprehensive Income 52,322,447 32,789,902 31,502,293
Financial Assets at Amortized Cost 539,067,213 325,364,198 336,223,295
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 1,649,570,401 1,537,936,749 1,356,279,148
Provision for Credit Facilities 61,515,747 48,663,030 47,675,336
Interests in Suspense 10,288,548 10,530,187 10,794,925
Deferred Income Tax Assets 8,699,628 5,743,006 6,270,359
Fixed Assets,Net 43,232,345 41,393,821 42,335,356
Other Assets 90,215,782 61,737,127 59,942,211
Total Assets 2,935,413,805 2,794,346,747 2,491,183,233

Liabilities (JD)

2018 2017 2016
Customers Deposits 1,913,902,093 1,749,864,846 1,547,446,248
Banks & Financial Institutions Deposits 378,802,862 447,289,678 358,957,094
Cash Margins 49,580,969 51,267,717 81,476,847
Loans and Borrowing 162,109,306 114,906,448 92,165,097
Deferred Income Tax liabilities 883,100 770,068 2,049,782
Other Liabilities 83,795,406 83,195,030 71,778,153
Total Liabilities 2,589,073,736 2,447,293,787 2,153,873,221

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 180,000,000 180,000,000 180,000,000
Subscribed Capital 180,000,000 180,000,000 180,000,000
Paid in Capital 180,000,000 180,000,000 180,000,000
Legal Reserve 74,578,456 69,955,203 65,836,075
Voluntary Reserve 0 0 0
Other Reserves 14,122,127 24,354,078 20,798,918
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 16,200,000 21,600,000 21,600,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -9,789,482 -9,005,364 -10,347,484
Retained Earnings 61,286,036 49,679,760 48,584,530
Total Shareholders Equity 336,397,137 336,583,677 326,472,039
Non-controlling Interest 9,942,932 10,469,283 10,837,973
Total Liabilities & Shareholders Equity 2,935,413,805 2,794,346,747 2,491,183,233

Income Statement (JD)

2018 2017 2016
Interest Income 164,963,345 143,048,291 129,264,364
Interest Expense 66,660,284 50,199,195 32,670,429
Net Interest Income 98,303,061 92,849,096 96,593,935
Net Commissions Income 19,338,923 20,059,886 20,130,410
Interests & Commissions, Net 117,641,984 112,908,982 116,724,345
Gains from Financial Assets and Instruments 3,560,559 1,205,442 379,276
Gains from Foreign Currencies 4,760,073 3,826,717 3,277,281
Other Revenues 7,741,438 8,030,748 7,748,472
Total Income 133,704,054 125,971,889 128,129,374
Employees Expenses 41,125,875 40,150,410 38,854,913
Depreciation & Amortization 9,560,877 9,176,099 8,009,598
Other Expenses 31,140,418 28,929,289 25,907,777
Provision for Direct Credit and Facilities (period) 8,330,203 3,792,546 3,213,480
Sundry Provisions 1,562,207 2,028,341 2,220,049
Bad Debts Written Off 0 0 0
Total Expenses 91,719,580 84,076,685 78,205,817
Net Income Before Tax 41,984,474 41,895,204 49,923,557
Income Tax (period) 12,277,739 11,927,424 15,189,678
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income 29,706,735 29,967,780 34,733,879
Non-controlling Interest -419,935 -368,690 -322,124
Net Income Pertains to Shareholders 30,126,670 30,336,470 35,056,003

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 304,370,814 227,972,605 397,796,995
Net Cash Flow from (Used in) Operating Activities 70,663,238 59,710,315 -142,916,570
Net Cash Flow from (Used in) Investing Activities -245,383,590 11,932,865 -9,912,423
Net Cash Flow from (Used in) Financing Activities 25,600,268 1,121,266 -20,063,292
Differences in Exchange 4,563,226 3,633,763 3,067,895
Cash Balance (Ending) 159,813,956 304,370,814 227,972,605

Financial Ratios

2018 2017 2016
Turnover Ratio % 5.71 6.62 13.82
Earning Per Share (JD) 0.17 0.17 0.19
Dividend Per Share (JD) 0.09 0.12 0.12
Book Value Per Share (JD) 1.87 1.87 1.81
Price Earnings Ratio (Times) 7.95 8.90 9.50
Dividend Yield % 6.77 8.00 6.49
Dividend Per Share to Earning Per Share % 53.77 71.20 61.62
Price to Book Value (Times) 0.71 0.80 1.02
Return On Assets % 1.01 1.07 1.39
Return On Equity % 8.96 9.01 10.74
Net Interest and Commissions Income/Total Income % 87.99 89.63 91.10
Credit Interest/Credit Facilities, Net % 10.00 9.30 9.53
Net Income / Total Income % 22.22 23.79 27.11
Total Income / Total Assets % 4.55 4.51 5.14
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 4.35 3.85 4.31
Equity Ratio % 11.80 12.42 13.54
Shareholders Equity /Total Deposits % 14.67 15.32 17.13
Debt Ratio % 88.20 87.58 86.46
Total Deposits/Total Assets % 78.11 78.63 76.53
Net Credit Facilities to Total Assets % 56.20 55.04 54.44
Net Credit Facilities to Total Deposits % 71.95 70.00 71.14
Shareholders Equity to Credit Facilities,Net % 20.39 21.89 24.07
Quick Ratio (Times) 0.24 0.36 0.35
Cash & Investments to Total Deposits % 49.88 52.23 53.84
Cash + Trading Investments / Total Deposits (Times) 0.24 0.36 0.35