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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.03 1.33 1.50
Value Traded (JD) 17,778,273 15,329,503 20,012,149
No. of Shares Traded 17,112,259 10,273,174 11,921,038
No. of Transactions 3,435 5,098 4,871
No. of Subscribed Shares 190,000,000 180,000,000 180,000,000
Market Capitalization (JD) 195,700,000 239,400,000 270,000,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash and Balances at Central Banks 332,657,295 333,370,286 519,193,270
Balances at Banks and Financial Institutions 158,785,257 117,852,700 153,418,551
Deposite at Banks and Financial Institutions 88,040,014 89,579,213 94,494,903
Financial Assets at Fair Value Through Profit 9,405,269 11,503,790 22,275,220
Financial Assets at Fair Value Through Other Comprehensive Income 55,412,453 52,322,447 32,789,902
Financial Assets at Amortized Cost 675,853,262 539,067,213 325,364,198
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 1,599,075,578 1,649,570,401 1,537,936,749
Provision for Credit Facilities 67,234,849 61,515,747 48,663,030
Interests in Suspense 11,088,805 10,288,548 10,530,187
Deferred Income Tax Assets 9,325,649 8,699,628 5,743,006
Fixed Assets,Net 42,521,471 43,232,345 41,393,821
Other Assets 162,724,387 90,215,782 61,737,127
Total Assets 3,133,800,635 2,935,413,805 2,794,346,747

Liabilities (JD)

2019 2018 2017
Customers Deposits 2,050,955,995 1,913,902,093 1,749,864,846
Banks & Financial Institutions Deposits 296,058,936 378,802,862 447,289,678
Cash Margins 58,704,352 49,580,969 51,267,717
Loans and Borrowing 226,319,099 162,109,306 114,906,448
Deferred Income Tax liabilities 804,942 883,100 770,068
Other Liabilities 141,727,945 83,795,406 83,195,030
Total Liabilities 2,774,571,269 2,589,073,736 2,447,293,787

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 190,000,000 180,000,000 180,000,000
Subscribed Capital 190,000,000 180,000,000 180,000,000
Paid in Capital 190,000,000 180,000,000 180,000,000
Legal Reserve 79,007,427 74,578,456 69,955,203
Voluntary Reserve 0 0 0
Other Reserves 14,748,850 14,122,127 24,354,078
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 16,200,000 21,600,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -7,848,900 -9,789,482 -9,005,364
Retained Earnings 73,967,732 61,286,036 49,679,760
Total Shareholders Equity 349,875,109 336,397,137 336,583,677
Non-controlling Interest 9,354,257 9,942,932 10,469,283
Total Liabilities & Shareholders Equity 3,133,800,635 2,935,413,805 2,794,346,747

Income Statement (JD)

2019 2018 2017
Interest Income 182,448,243 164,963,345 143,048,291
Interest Expense 80,335,190 66,660,284 50,199,195
Net Interest Income 102,113,053 98,303,061 92,849,096
Net Commissions Income 19,152,765 19,338,923 20,059,886
Interests & Commissions, Net 121,265,818 117,641,984 112,908,982
Gains from Financial Assets and Instruments 2,965,478 3,560,559 1,205,442
Gains from Foreign Currencies 4,688,219 4,760,073 3,826,717
Other Revenues 7,222,204 5,478,143 8,030,748
Total Income 136,141,719 131,440,759 125,971,889
Employees Expenses 41,971,934 41,125,875 40,150,410
Depreciation & Amortization 9,407,546 9,560,877 9,176,099
Other Expenses 32,203,118 28,877,123 28,929,289
Provision for Direct Credit and Facilities (period) 7,789,572 8,979,483 3,792,546
Sundry Provisions 561,192 912,927 2,028,341
Bad Debts Written Off 0 0 0
Total Expenses 91,933,362 89,456,285 84,076,685
Net Income Before Tax 44,208,357 41,984,474 41,895,204
Income Tax (period) 16,701,547 12,277,739 11,927,424
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income 27,506,810 29,706,735 29,967,780
Non-controlling Interest -588,675 -419,935 -368,690
Net Income Pertains to Shareholders 28,095,485 30,126,670 30,336,470

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 159,813,956 304,370,814 227,972,605
Net Cash Flow from (Used in) Operating Activities 251,523,024 70,663,238 59,710,315
Net Cash Flow from (Used in) Investing Activities -194,514,284 -245,383,590 11,932,865
Net Cash Flow from (Used in) Financing Activities 66,470,143 25,600,268 1,121,266
Differences in Exchange 4,511,123 4,563,226 3,633,763
Cash Balance (Ending) 287,803,962 159,813,956 304,370,814

Financial Ratios

2019 2018 2017
Turnover Ratio % 9.010 5.710 6.620
Earning Per Share (JD) 0.150 0.170 0.170
Dividend Per Share (JD) 0.000 0.090 0.120
Book Value Per Share (JD) 1.840 1.870 1.870
Price Earnings Ratio (Times) 6.970 7.950 8.900
Dividend Yield % 0.000 6.770 8.000
Dividend Per Share to Earning Per Share % 0.000 53.770 71.200
Price to Book Value (Times) 0.560 0.710 0.800
Return On Assets % 0.880 1.010 1.070
Return On Equity % 8.030 8.960 9.010
Net Interest and Commissions Income/Total Income % 89.070 89.500 89.630
Credit Interest/Credit Facilities, Net % 11.410 10.000 9.300
Net Income / Total Income % 20.200 22.600 23.790
Total Income / Total Assets % 4.340 4.480 4.510
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 4.900 4.350 3.850
Equity Ratio % 11.460 11.800 12.420
Shareholders Equity /Total Deposits % 14.910 14.670 15.320
Debt Ratio % 88.540 88.200 87.580
Total Deposits/Total Assets % 74.890 78.110 78.630
Net Credit Facilities to Total Assets % 51.030 56.200 55.040
Net Credit Facilities to Total Deposits % 68.130 71.950 70.000
Shareholders Equity to Credit Facilities,Net % 21.880 20.390 21.890
Quick Ratio (Times) 0.250 0.240 0.360
Cash & Investments to Total Deposits % 56.250 49.880 52.230
Cash + Trading Investments / Total Deposits (Times) 0.250 0.240 0.360