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ARAB BANKING CORPORATION /(JORDAN) Financial

Trading Information in the Regular Market

2021 2020 2019
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.88 0.69 0.83
Value Traded (JD) 1,378,578 607,049 858,385
No. of Shares Traded 1,759,271 852,632 944,036
No. of Transactions 1,692 749 791
No. of Subscribed Shares 110,000,000 110,000,000 110,000,000
Market Capitalization (JD) 96,800,000 75,900,000 91,300,000
Fiscal Year Ended 31/12/2021 31/12/2020 31/12/2019

Assets (JD)

2021 2020 2019
Cash and Balances at Central Banks 55,272,058 52,217,487 68,048,129
Balances at Banks and Financial Institutions 57,218,887 89,979,061 59,257,664
Deposite at Banks and Financial Institutions 23,978,806 7,343,135 2,603,874
Financial Assets at Fair Value Through Profit 0 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 135,633,909 135,570,467 148,822,213
Financial Assets at Amortized Cost 139,314,408 126,843,748 172,474,261
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 693,329,197 649,941,932 621,003,454
Provision for Credit Facilities 61,096,507 55,913,167 42,545,193
Interests in Suspense 17,340,134 14,149,904 10,712,425
Deferred Income Tax Assets 9,067,586 9,226,618 7,078,498
Fixed Assets,Net 32,969,697 30,037,561 22,459,789
Other Assets 83,246,678 82,440,617 37,311,583
Total Assets 1,230,031,226 1,183,600,626 1,139,059,465

Liabilities (JD)

2021 2020 2019
Customers Deposits 722,694,875 684,291,947 666,361,035
Banks & Financial Institutions Deposits 144,058,639 157,160,531 170,016,352
Cash Margins 52,762,184 51,320,703 49,424,077
Loans and Borrowing 103,527,869 93,484,141 57,866,314
Deferred Income Tax liabilities 2,337,442 3,076,163 1,977,939
Other Liabilities 36,295,622 34,390,833 36,521,452
Total Liabilities 1,061,676,631 1,023,724,318 982,167,169

Shareholders Equity (JD)

2021 2020 2019
Authorized Capital 110,000,000 110,000,000 110,000,000
Subscribed Capital 110,000,000 110,000,000 110,000,000
Paid in Capital 110,000,000 110,000,000 110,000,000
Legal Reserve 29,892,408 28,379,747 27,958,998
Voluntary Reserve 197,281 197,281 197,281
Other Reserves 0 0 0
Issuance Premium 66,943 66,943 66,943
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 6,600,000 0 0
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value 3,570,478 4,705,107 2,943,308
Retained Earnings 18,027,485 16,527,230 15,725,766
Total Shareholders Equity 168,354,595 159,876,308 156,892,296
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 1,230,031,226 1,183,600,626 1,139,059,465

Income Statement (JD)

2021 2020 2019
Interest Income 63,194,422 62,282,196 71,372,525
Interest Expense 26,429,725 28,504,057 38,344,004
Net Interest Income 36,764,697 33,778,139 33,028,521
Net Commissions Income 3,720,565 3,335,686 3,561,461
Interests & Commissions, Net 40,485,262 37,113,825 36,589,982
Gains from Financial Assets and Instruments 4,000 31,875 43,435
Gains from Foreign Currencies 959,729 826,498 1,036,187
Other Revenues 3,511,635 3,464,660 3,812,104
Total Income 44,960,626 41,436,858 41,481,708
Employees Expenses 14,709,596 13,335,076 13,569,571
Depreciation & Amortization 2,363,275 2,356,293 2,465,579
Other Expenses 7,618,075 7,742,965 7,351,139
Provision for Direct Credit and Facilities (period) 4,773,802 13,115,650 12,389,882
Sundry Provisions 338,764 593,884 2,169,919
Bad Debts Written Off 0 0 0
Total Expenses 29,803,512 37,143,868 37,946,090
Net Income Before Tax 15,157,114 4,292,990 3,535,618
Income Tax (period) 5,524,190 2,985,277 1,520,344
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 30,500 85,500 80,000
Net Income 9,602,424 1,222,213 1,935,274
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 9,602,424 1,222,213 1,935,274

Cash Flow (JD)

2021 2020 2019
Cash Balance (Beginning) -14,928,943 -42,703,306 -48,789,469
Net Cash Flow from (Used in) Operating Activities -17,992,784 1,665,270 41,141,940
Net Cash Flow from (Used in) Investing Activities -8,513,078 -9,841,803 -6,073,417
Net Cash Flow from (Used in) Financing Activities 10,015,381 35,601,172 -29,539,169
Differences in Exchange -140,292 349,724 556,809
Cash Balance (Ending) -31,559,716 -14,928,943 -42,703,306

Financial Ratios

2021 2020 2019
Turnover Ratio % 1.600 0.780 0.860
Earning Per Share (JD) 0.090 0.010 0.020
Dividend Per Share (JD) 0.060 0.000 0.000
Book Value Per Share (JD) 1.530 1.450 1.430
Price Earnings Ratio (Times) 10.080 62.100 47.180
Dividend Yield % 6.820 0.000 0.000
Dividend Per Share to Earning Per Share % 68.730 0.000 0.000
Price to Book Value (Times) 0.570 0.470 0.580
Return On Assets % 0.780 0.100 0.170
Return On Equity % 5.700 0.760 1.230
Net Interest and Commissions Income/Total Income % 90.050 89.570 88.210
Credit Interest/Credit Facilities, Net % 9.110 9.580 11.490
Net Income / Total Income % 21.360 2.950 4.670
Total Income / Total Assets % 3.660 3.500 3.640
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 11.310 10.780 8.580
Equity Ratio % 13.690 13.510 13.770
Shareholders Equity /Total Deposits % 19.420 19.000 18.760
Debt Ratio % 86.310 86.490 86.230
Total Deposits/Total Assets % 70.470 71.090 73.430
Net Credit Facilities to Total Assets % 56.370 54.910 54.520
Net Credit Facilities to Total Deposits % 79.990 77.240 74.250
Shareholders Equity to Credit Facilities,Net % 24.280 24.600 25.260
Quick Ratio (Times) 0.160 0.180 0.160
Cash & Investments to Total Deposits % 47.470 48.960 53.950
Cash + Trading Investments / Total Deposits (Times) 0.130 0.170 0.150