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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.08 1.18 1.15
Value Traded (JD) 10,812,060 14,808,001 16,068,139
No. of Shares Traded 9,292,247 12,521,318 13,115,204
No. of Transactions 5,211 5,065 5,675
No. of Subscribed Shares 192,937,500 183,750,000 175,000,000
Market Capitalization (JD) 208,372,500 216,825,000 201,250,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash and Balances at Central Banks 248,221,805 288,714,620 201,989,051
Balances at Banks and Financial Institutions 173,568,186 177,424,795 185,788,643
Deposite at Banks and Financial Institutions 19,414,579 5,037,813 10,037,793
Financial Assets at Fair Value Through Profit 0 954,381 968,373
Financial Assets at Fair Value Through Other Comprehensive Income 27,344,278 29,401,562 29,011,930
Financial Assets at Amortized Cost 654,335,587 542,617,540 754,809,955
Investments in Affiliates 3,531,147 3,528,666 5,106,980
Direct Credit Facilities,Net 1,424,510,189 1,483,922,385 1,447,236,602
Provision for Credit Facilities 75,149,293 90,477,858 97,303,171
Interests in Suspense 20,857,390 28,120,328 27,735,628
Deferred Income Tax Assets 9,630,207 7,659,003 6,219,227
Fixed Assets,Net 81,224,526 56,363,728 46,831,590
Other Assets 141,707,410 133,327,084 127,518,406
Total Assets 2,783,487,914 2,728,951,577 2,815,518,550

Liabilities (JD)

2018 2017 2016
Customers Deposits 1,911,770,121 1,918,660,372 2,067,294,759
Banks & Financial Institutions Deposits 98,159,977 78,304,698 57,353,655
Cash Margins 257,416,155 251,959,516 255,883,131
Loans and Borrowing 142,471,809 106,776,265 88,520,033
Deferred Income Tax liabilities 0 491,607 1,002,584
Other Liabilities 72,357,518 66,572,858 42,798,984
Total Liabilities 2,482,175,580 2,422,765,316 2,512,853,146

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 192,937,500 183,750,000 175,000,000
Subscribed Capital 192,937,500 183,750,000 175,000,000
Paid in Capital 192,937,500 183,750,000 175,000,000
Legal Reserve 57,344,171 54,023,096 52,015,203
Voluntary Reserve 15,761,637 24,949,137 33,486,083
Other Reserves 3,678,559 17,966,508 17,596,336
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 11,576,250 9,187,500 8,750,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -3,225,878 912,985 1,861,943
Retained Earnings 23,240,095 15,397,035 13,955,839
Total Shareholders Equity 301,312,334 306,186,261 302,665,404
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 2,783,487,914 2,728,951,577 2,815,518,550

Income Statement (JD)

2018 2017 2016
Interest Income 154,970,443 146,723,065 139,234,932
Interest Expense 70,773,780 61,385,926 53,566,118
Net Interest Income 84,196,663 85,337,139 85,668,814
Net Commissions Income 19,065,445 20,991,938 21,332,904
Interests & Commissions, Net 103,262,108 106,329,077 107,001,718
Gains from Financial Assets and Instruments 908,047 955,426 701,844
Gains from Foreign Currencies 2,814,590 3,333,018 3,313,517
Other Revenues 5,176,322 7,777,246 4,922,051
Total Income 112,161,067 118,394,767 115,939,130
Employees Expenses 41,234,749 40,184,806 43,185,981
Depreciation & Amortization 12,025,596 12,189,014 8,909,010
Other Expenses 23,590,816 27,938,722 28,173,384
Provision for Direct Credit and Facilities (period) 694,676 11,886,286 24,031,418
Sundry Provisions 1,339,475 6,052,012 3,393,389
Bad Debts Written Off 0 0 0
Total Expenses 78,885,312 98,250,840 107,693,182
Net Income Before Tax 33,275,755 20,143,927 8,245,948
Income Tax (period) 11,933,475 6,760,042 1,906,015
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 65,000 65,000 65,000
Net Income 21,277,280 13,318,885 6,274,933
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 21,277,280 13,318,885 6,274,933

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 379,340,012 321,995,249 401,578,930
Net Cash Flow from (Used in) Operating Activities 64,499,871 -169,463,995 61,971,504
Net Cash Flow from (Used in) Investing Activities -146,444,515 191,445,049 -169,068,148
Net Cash Flow from (Used in) Financing Activities 26,508,044 34,506,232 25,516,737
Differences in Exchange 590,460 857,477 1,996,226
Cash Balance (Ending) 324,493,872 379,340,012 321,995,249

Financial Ratios

2018 2017 2016
Turnover Ratio % 4.82 6.81 7.49
Earning Per Share (JD) 0.11 0.07 0.04
Dividend Per Share (JD) 0.06 0.05 0.05
Book Value Per Share (JD) 1.56 1.67 1.73
Price Earnings Ratio (Times) 9.79 16.28 32.07
Dividend Yield % 5.56 4.24 4.35
Dividend Per Share to Earning Per Share % 54.41 68.98 139.44
Price to Book Value (Times) 0.69 0.71 0.66
Return On Assets % 0.76 0.49 0.22
Return On Equity % 7.06 4.35 2.07
Net Interest and Commissions Income/Total Income % 92.07 89.81 92.29
Credit Interest/Credit Facilities, Net % 10.88 9.89 9.62
Net Income / Total Income % 18.97 11.25 5.41
Total Income / Total Assets % 4.03 4.34 4.12
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 6.74 7.99 8.64
Equity Ratio % 10.82 11.22 10.75
Shareholders Equity /Total Deposits % 14.99 15.33 14.25
Debt Ratio % 89.18 88.78 89.25
Total Deposits/Total Assets % 72.21 73.18 75.46
Net Credit Facilities to Total Assets % 51.18 54.38 51.40
Net Credit Facilities to Total Deposits % 70.87 74.31 68.12
Shareholders Equity to Credit Facilities,Net % 21.15 20.63 20.91
Quick Ratio (Times) 0.22 0.24 0.19
Cash & Investments to Total Deposits % 56.04 52.46 55.90