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BANK AL ETIHAD Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.61 1.60 1.62
Value Traded (JD) 60,962,142 4,597,308 36,946,128
No. of Shares Traded 40,331,969 2,798,385 21,309,081
No. of Transactions 1,407 1,925 2,220
No. of Subscribed Shares 160,000,000 160,000,000 160,000,000
Market Capitalization (JD) 257,600,000 256,000,000 259,200,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash and Balances at Central Banks 563,867,223 333,205,500 338,311,743
Balances at Banks and Financial Institutions 330,805,729 248,264,111 326,075,874
Deposite at Banks and Financial Institutions 3,000,000 4,258,890 8,325,098
Financial Assets at Fair Value Through Profit 16,535,618 13,478,492 7,509,280
Financial Assets at Fair Value Through Other Comprehensive Income 32,313,468 28,530,920 30,877,736
Financial Assets at Amortized Cost 765,573,933 765,692,190 617,696,128
Investments in Affiliates 354,022 376,618 377,262
Direct Credit Facilities,Net 2,635,851,371 2,277,918,456 2,084,327,989
Provision for Credit Facilities 97,016,801 87,648,181 72,295,950
Interests in Suspense 16,683,041 16,198,168 16,068,570
Deferred Income Tax Assets 12,891,744 11,957,746 4,559,081
Fixed Assets,Net 72,138,592 74,486,185 70,968,060
Other Assets 146,344,285 109,900,024 83,247,002
Total Assets 4,579,675,985 3,868,069,132 3,572,275,253

Liabilities (JD)

2019 2018 2017
Customers Deposits 3,575,967,461 2,988,949,545 2,691,335,921
Banks & Financial Institutions Deposits 149,997,070 96,687,828 58,873,920
Cash Margins 185,698,024 141,814,536 210,088,710
Loans and Borrowing 65,169,905 85,236,262 88,211,995
Deferred Income Tax liabilities 0 0 0
Other Liabilities 123,599,412 88,133,817 65,253,674
Total Liabilities 4,100,431,872 3,400,821,988 3,113,764,220

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 160,000,000 160,000,000 160,000,000
Subscribed Capital 160,000,000 160,000,000 160,000,000
Paid in Capital 160,000,000 160,000,000 160,000,000
Legal Reserve 56,257,522 49,410,187 42,668,849
Voluntary Reserve 38,833,125 34,279,172 29,271,414
Other Reserves 0 0 14,034,670
Issuance Premium 80,213,173 80,213,173 80,213,173
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 22,400,000 16,000,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value 372,413 -727,049 1,191,589
Retained Earnings 51,596,833 31,166,049 27,243,353
Total Shareholders Equity 387,273,066 376,741,532 370,623,048
Non-controlling Interest 91,971,047 90,505,612 87,887,985
Total Liabilities & Shareholders Equity 4,579,675,985 3,868,069,132 3,572,275,253

Income Statement (JD)

2019 2018 2017
Interest Income 252,884,755 216,761,089 186,859,033
Interest Expense 116,446,250 88,809,011 72,169,059
Net Interest Income 136,438,505 127,952,078 114,689,974
Net Commissions Income 25,990,001 23,849,404 21,399,045
Interests & Commissions, Net 162,428,506 151,801,482 136,089,019
Gains from Financial Assets and Instruments 1,350,527 -1,432,701 4,297,131
Gains from Foreign Currencies 6,964,464 5,854,006 5,525,404
Other Revenues 1,469,127 1,345,552 1,218,329
Total Income 172,212,624 157,568,339 147,129,883
Employees Expenses 46,521,562 43,123,071 39,980,839
Depreciation & Amortization 15,936,845 11,025,351 10,332,667
Other Expenses 30,300,774 28,596,750 26,924,084
Provision for Direct Credit and Facilities (period) 18,528,623 13,064,868 15,229,285
Sundry Provisions -537,518 -880,347 2,408,464
Bad Debts Written Off 0 0 0
Total Expenses 110,750,286 94,929,693 94,875,339
Net Income Before Tax 61,462,338 62,638,646 52,254,544
Income Tax (period) 23,329,865 21,444,297 17,345,461
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 116,250 108,438 110,000
Net Income 38,016,223 41,085,911 34,799,083
Non-controlling Interest 6,402,549 5,349,329 3,434,814
Net Income Pertains to Shareholders 31,613,674 35,736,582 31,364,269

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 487,189,265 600,016,203 409,009,567
Net Cash Flow from (Used in) Operating Activities 360,923,565 70,906,998 65,619,369
Net Cash Flow from (Used in) Investing Activities -19,442,066 -164,168,929 60,946,805
Net Cash Flow from (Used in) Financing Activities -47,355,361 -21,479,570 61,644,266
Differences in Exchange 2,287,622 1,914,563 2,796,196
Cash Balance (Ending) 783,603,025 487,189,265 600,016,203

Financial Ratios

2019 2018 2017
Turnover Ratio % 25.210 1.750 13.320
Earning Per Share (JD) 0.200 0.220 0.200
Dividend Per Share (JD) 0.000 0.140 0.100
Book Value Per Share (JD) 2.420 2.350 2.320
Price Earnings Ratio (Times) 8.150 7.160 8.260
Dividend Yield % 0.000 8.750 6.170
Dividend Per Share to Earning Per Share % 0.000 62.680 51.010
Price to Book Value (Times) 0.670 0.680 0.700
Return On Assets % 0.830 1.060 0.970
Return On Equity % 8.160 9.490 8.460
Net Interest and Commissions Income/Total Income % 94.320 96.340 92.500
Credit Interest/Credit Facilities, Net % 9.590 9.520 8.960
Net Income / Total Income % 22.080 26.070 23.650
Total Income / Total Assets % 3.760 4.070 4.120
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 4.310 4.560 4.240
Equity Ratio % 10.460 12.080 12.840
Shareholders Equity /Total Deposits % 10.390 12.210 13.480
Debt Ratio % 89.540 87.920 87.160
Total Deposits/Total Assets % 81.360 79.770 76.990
Net Credit Facilities to Total Assets % 57.560 58.890 58.350
Net Credit Facilities to Total Deposits % 70.740 73.820 75.790
Shareholders Equity to Credit Facilities,Net % 14.690 16.540 17.780
Quick Ratio (Times) 0.250 0.190 0.250
Cash & Investments to Total Deposits % 45.960 45.170 48.330
Cash + Trading Investments / Total Deposits (Times) 0.250 0.190 0.250