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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.79 0.85 1.19
Value Traded (JD) 394,526 296,906 1,785,867
No. of Shares Traded 486,046 296,248 1,416,297
No. of Transactions 285 401 654
No. of Subscribed Shares 120,000,000 120,000,000 120,000,000
Market Capitalization (JD) 94,800,000 102,000,000 142,800,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash and Balances at Central Banks 71,264,135 91,872,118 128,088,936
Balances at Banks and Financial Institutions 36,642,539 61,995,613 51,866,315
Deposite at Banks and Financial Institutions 0 0 0
Financial Assets at Fair Value Through Profit 1,876,382 1,792,801 1,394,915
Financial Assets at Fair Value Through Other Comprehensive Income 11,105,937 11,915,302 11,833,839
Financial Assets at Amortized Cost 276,734,126 303,031,611 331,324,142
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 669,000,375 727,873,818 718,016,916
Provision for Credit Facilities 47,974,854 59,143,438 30,663,171
Interests in Suspense 14,079,271 17,684,794 13,331,963
Deferred Income Tax Assets 12,313,532 13,867,924 4,032,827
Fixed Assets,Net 22,430,397 27,817,839 27,161,679
Other Assets 285,225,599 113,402,510 108,541,625
Total Assets 1,386,593,022 1,353,569,536 1,382,261,194

Liabilities (JD)

2019 2018 2017
Customers Deposits 836,698,393 893,225,288 971,307,775
Banks & Financial Institutions Deposits 87,386,747 117,304,754 121,378,075
Cash Margins 56,572,215 84,417,327 91,770,630
Loans and Borrowing 96,083,582 83,481,873 14,168,978
Deferred Income Tax liabilities 50,388 14,107 0
Other Liabilities 170,602,923 41,082,256 34,095,137
Total Liabilities 1,247,394,248 1,219,525,605 1,232,720,595

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 120,000,000 120,000,000 120,000,000
Subscribed Capital 120,000,000 120,000,000 120,000,000
Paid in Capital 120,000,000 120,000,000 120,000,000
Legal Reserve 15,460,318 14,714,563 14,082,158
Voluntary Reserve 0 0 0
Other Reserves 4,087,368 2,597,047 8,836,668
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -2,211,406 -2,053,183 -1,504,051
Retained Earnings 1,862,494 -1,214,496 8,125,824
Total Shareholders Equity 139,198,774 134,043,931 149,540,599
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 1,386,593,022 1,353,569,536 1,382,261,194

Income Statement (JD)

2019 2018 2017
Interest Income 74,972,391 73,885,228 75,569,068
Interest Expense 43,857,666 44,272,757 39,210,834
Net Interest Income 31,114,725 29,612,471 36,358,234
Net Commissions Income 5,788,201 5,219,654 5,074,630
Interests & Commissions, Net 36,902,926 34,832,125 41,432,864
Gains from Financial Assets and Instruments 330,039 579,549 256,552
Gains from Foreign Currencies 1,129,852 1,012,327 1,211,924
Other Revenues 4,220,083 4,421,113 5,252,853
Total Income 42,582,900 40,845,114 48,154,193
Employees Expenses 13,764,527 13,936,382 15,374,369
Depreciation & Amortization 2,562,688 2,671,352 3,151,156
Other Expenses 17,302,515 13,780,136 14,359,787
Provision for Direct Credit and Facilities (period) 2,080,449 8,677,706 8,641,231
Sundry Provisions -665,818 -4,399,506 234,722
Bad Debts Written Off 0 0 0
Total Expenses 35,044,361 34,666,070 41,761,265
Net Income Before Tax 7,538,539 6,179,044 6,392,928
Income Tax (period) 2,170,473 1,094,678 2,549,115
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 55,000 55,000 55,000
Net Income 5,313,066 5,029,366 3,788,813
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 5,313,066 5,029,366 3,788,813

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 52,554,551 121,577,176 114,910,479
Net Cash Flow from (Used in) Operating Activities -4,882,031 -112,310,513 11,428,992
Net Cash Flow from (Used in) Investing Activities 19,806,662 24,192,627 -6,593,142
Net Cash Flow from (Used in) Financing Activities 12,601,709 69,312,895 1,381,287
Differences in Exchange 439,036 290,739 449,560
Cash Balance (Ending) 80,519,927 103,062,924 121,577,176

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.410 0.250 1.180
Earning Per Share (JD) 0.040 0.040 0.030
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.160 1.120 1.250
Price Earnings Ratio (Times) 17.840 20.280 37.690
Dividend Yield % 0.000 0.000 0.000
Dividend Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.680 0.760 0.950
Return On Assets % 0.380 0.370 0.270
Return On Equity % 3.820 3.750 2.530
Net Interest and Commissions Income/Total Income % 86.660 85.280 86.040
Credit Interest/Credit Facilities, Net % 11.210 10.150 10.520
Net Income / Total Income % 12.480 12.310 7.870
Total Income / Total Assets % 3.070 3.020 3.480
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 9.280 10.560 6.130
Equity Ratio % 10.040 9.900 10.820
Shareholders Equity /Total Deposits % 15.060 13.260 13.690
Debt Ratio % 89.960 90.100 89.180
Total Deposits/Total Assets % 66.640 74.660 79.050
Net Credit Facilities to Total Assets % 48.250 53.770 51.950
Net Credit Facilities to Total Deposits % 72.400 72.030 65.710
Shareholders Equity to Credit Facilities,Net % 20.810 18.420 20.830
Quick Ratio (Times) 0.120 0.150 0.170
Cash & Investments to Total Deposits % 43.030 46.570 48.000
Cash + Trading Investments / Total Deposits (Times) 0.120 0.150 0.170