Financial analysis of the banking

Assets (JD)
Cash and Balances at Central Banks
Balances at Banks and Financial Institutions
Deposits at Banks and Financial Institutions
Financial Assets at Fair Value Through Profit
Financial Assets at Fair Value Through Other Comprehensi
Financial Assets at Amortized Cost
Investments in Affiliates
Direct Credit Facilities, Net
Provision for Credit Facilities
Interests in Suspense
Fixed Assets, Net
Deferred Income Tax Assets
Other Assets
Total Assets

4,709,940,000
2,625,024,000
170,397,000
244,606,000
219,789,000
5,159,153,000
958,809,000
11,264,977,000
635,263,000
260,866,000
190,901,000
27,699,000
287,867,000
25,859,162,000

3,930,155,000
3,313,566,000
283,639,000
297,432,000
223,737,000
5,171,075,000
1,052,137,000
11,050,831,000
642,703,000
244,995,000
192,297,000
26,416,000
318,492,000
25,859,777,000

17,538,698,000
1,953,517,000
1,584,439,000
8,004,000
7,816,000
1,248,547,000
22,341,021,000

17,095,378,000
2,277,672,000
1,842,770,000
5,400,000
8,320,000
1,072,343,000
22,301,883,000

640,800,000
640,800,000
640,800,000
499,191,000
614,920,000
784,163,000
859,626,000
0
0
160,200,000
0

569,600,000
569,600,000
569,600,000
470,579,000
614,920,000
784,163,000
859,626,000
0
0
68,352,000
71,200,000

Liabilities & Shareholders Equity

Liabilities (JD)
Customers Deposits
Banks & Financial Institutions Deposits
Cash Margins
Loans and Borrowing
Deferred Income Tax Liabilities
Other Liabilities
Total Liabilities

Shareholders Equity (JD)

Authorized Capital
Subscribed Capital
Paid In Capital
Legal Reserve
Voluntary Reserve
Other Reserves
Issuance Premium
Issuance Discount
Treasury Stocks
Cash Dividends
Stock Dividends

Foreign Currencies Translation

Accumulated Change in Fair Value
Retained Earnings
Total Shareholders Equity
Non- controlling Interest
Total Liabilities & Shareholders Equity

(221,526,000)
(183,741,000)
364,508,000
3,518,141,000
0
25,859,162,000

(103,472,000)
(178,066,000)
400,992,000
3,557,894,000
0
25,859,777,000

 ) (
3,354,402,000

4,044,307,000

232,417,000

322,742,000
288,252,000
4,057,170,000

1,119,506,000

9,937,597,000
-
703,564,000

194,592,000

206,860,000
-
17,758,000

331,405,000

23,912,416,000

4,331,096,000
2,676,405,000
241,943,000
176,900,000
205,461,000
4,697,969,000
1,123,719,000
10,539,256,000
619,972,000
215,961,000
200,619,000
23,486,000
321,518,000
24,538,372,000

) (

15,015,865,000
2,172,535,000
2,346,998,000
0
4,482,000
497,025,000
20,036,905,000

15,794,047,000
1,752,700,000
2,449,621,000
1,500,000
5,433,000
579,657,000
20,582,958,000

) (

534,000,000
534,000,000
534,000,000
375,885,000
614,920,000
1,267,142,000
859,626,000

160,200,000

534,000,000
534,000,000
534,000,000
421,741,000
614,920,000
1,267,142,000
859,626,000
0
0
160,200,000
35,600,000



)(

36,393,000
)(98,490,000
125,835,000
3,875,511,000
0
23,912,416,000

14,371,000
)(182,357,000
230,171,000
3,955,414,000
0
24,538,372,000

Income Statement (JD)
Interest Income
Interest Expense
Net Interest Income
Net Commissions Income
Interest and Commissions, Net
Gains from Financial Assets and Instruments
Gains from Foreign Currencies
Other Revenues
Total Income
Employees Expenses
Depreciation & Amortization
Other Expenses
Provision for Direct Credit Facilities (Period)
Sundry Provisions
Bad Debts Writtens Off
Total Expenses
Net Income before Tax
Income Tax (Period)
Income Tax ( Previous Years)
Universities and Research Train Fees
Board of Directors Remuniration
Net Income
Non- controlling Interest
Net Income Pertains to Shareholders

1,022,375,000
412,596,000
609,779,000
168,878,000
778,657,000
14,834,000
34,907,000
118,044,000
946,442,000
209,843,000
26,027,000
412,239,000
2,179,000
10,038,000
0
660,326,000
286,116,000
132,097,000
0
0
0
154,019,000
0
154,019,000


954,607,000
408,676,000
545,931,000
151,231,000
697,162,000
11,882,000
37,705,000
101,377,000
848,126,000
184,624,000
25,306,000
155,655,000
126,668,000
4,460,000
0
496,713,000
351,413,000
90,072,000
0
0
0
261,341,000
0
261,341,000

1,027,810,000
438,103,000
589,707,000
162,846,000
752,553,000
11,815,000
17,704,000
97,311,000
879,383,000
191,729,000
27,246,000
152,605,000
36,059,000
13,181,000
0
420,820,000
458,563,000
112,337,000
0
0
0
346,226,000
0
346,226,000

1,041,502,000
434,549,000
606,953,000
170,533,000
777,486,000
12,157,000
29,255,000
107,727,000
926,625,000
208,789,000
26,838,000
305,778,000
31,834,000
6,851,000
0
580,090,000
346,535,000
128,691,000
0
0
0
217,844,000
0
217,844,000

 )(

Cash Flow (JD)

Cash Balance (Beginning)
Net Cash Flow from (Used In) Operating Acti
Net Cash Flow from (Used In) Investing Acti
Net Cash Flow from (Used In) Financing Acti
Differences in Exchange
Cash Balance (Ending)

4,955,445,000
604,428,000
86,203,000
(65,257,000)
(25,007,000)
5,555,812,000

5,231,397,000
351,446,000
(451,112,000)
(155,390,000)
(20,896,000)
4,955,445,000

4,942,228,000
914,753,000
)(21,823,000
)(490,643,000
)(3,594,000
5,340,921,000

5,340,921,000
660,198,000
)(607,151,000
)(157,987,000
)(4,584,000
5,231,397,000

 ) (

) (
) (
) (

Trading Information

2015

Par Value/Share (JD)

Closing Price (JD)
Value Traded (JD)
No. of Shares Traded
No. of Transactions
No. of Subscribed Shares
Market Capitalization (JD)
Fiscal Year Ended

2014

1.00
1.00
6.45
7.10
129,413,016 240,225,205
20,202,036
29,027,928
25,998
31,918
640,800,000 569,600,000
4,133,160,000 4,044,160,000
12/31/2015
12/31/2014

6387

6387

2013

2012

1.00
7.83
660,445,029
90,516,540
23,019
534,000,000
4,181,220,000
12/31/2013

1.00
7.25
167,056,305
22,288,650
23,509
534,000,000
3,871,500,000
12/31/2012
6387

6387


) (
) (
) (



) (

Liq

Cash + Trade Investments/Demand Deposits+ Short-term Time Depo

Quick Ratio

liquid asset/customer

deposit and short term borrowed funds.

Liquid assets to deposit-borrowing

ratio (LADST)

Loan to deposit ratio

Net Loans to total asset ratio

(NLTA

Loans/Deposits

Net loans/total assets

Net loans to deposit and borrowing

(NLDST

Net loans/total deposits andshort term borrowings

Cash + Trading Investments / Total

Deposits (Times)

Cash + Trading Investments / Total Deposits (Times)

Liquidity Ratios

Average sector
2015

2014

2013

2012

2011

2015

2014

0.397592936 0.403900883 0.423232 0.4627463

0.35

0.36

72.27356152 73.66801304 76.672291 78.068907

66.28

69.26

0.577921852 0.570422881 0.6006387 0.5781572

0.5875317 0.5692471

0.435628076

0.4504077 0.4331325

0.42733667 0.429501 0.4155831

0.57768464 0.570263927 0.6005874 0.5781572

0.5818881

0.56446

0.397592936 0.403900883 0.423232 0.4627463

0.35

0.36

Average sector

Compared with the standard

2013

2012

0.36

70.90

2011

2015

2014

2013

2012

0.40

0.05

0.05

0.06

0.06

71.17

5.99

4.41

5.77

6.90

0.05

0.05

0.06

0.06

0.5941498 0.592091

0.4309966 0.434594
0.5850052 0.5818047
0.36

0.40

2011

Act
2015

Efficiency
General ratio
administrative
expense to operating
expense
Cost per Active Client

( operating expense /operating income )*100%

0.386812271

General administrative expense / operating income .

1.082893967
Operating Expense/Average Number of Clients

Adjusted Cost per Active ClAdjusted Operating Expense /Average Number of Clients

Activity ration
Av sector
2014

2013

2012

2011

2015

2014

2013

2012

0.388213 0.371328 0.384536

0.382703 0.381989 0.372718 0.378563

0.955741 0.713609 0.909846

0.881448 0.830978 0.752738 0.862663

Compared with the standard

2011

2015

2014

2013

2012

0.004109 0.006224 -0.001389 0.005973

0.201446 0.124763 -0.039129 0.047183

2011

Profitability ration

Operating profit margin

Net profit margin : net
margin
Return on assets
Return on equity
Assets utilization
Gross Profit Margin
Return on capital employed

Net return on earning assets

Net interest margin

Profitability ration
2015
: Operating income / Total revenue
net profit / revenue
: net income / total assets
Net Income/Shareholder's Equity
Revenue / Average Total Assets

0.5964337939
0.1133294286
0.0059560708
0.0437785183
0.0525553767

(revenue exp) / revenue

Earnings Before Interest and Tax (EBIT) / Capital Employed

( interest income and similar income expense ) / (average of : cash and balances with the central bank +TB an

interest income and similar income expense ) /average of total fixed assets) *100%.
4.9577634481

AV sector
2014

2013

2012

2011

2015

2014

2013

0.582767 0.573751 0.571891

0.63021757

0.160041 0.262793 0.207941

0.17009563 0.204779 0.235196

0.008424

0.01411 0.010929

0.00972578 0.012202 0.014146

0.061228 0.087532 0.067434

0.072973228 0.089753 0.095747

0.052637 0.053691 0.052559

0.057178306 0.059584 0.060144

4.818718 4.383349

3.103505366 3.328444 3.280863

4.1

0.60471 0.595689

V sector

Compared with the standard

2012

2011

2015

2014

2013

2012

0.615928

0.375883056 0.352405 0.341777 0.352244

0.21143

0.019276841 0.032773 0.061808 0.043965

0.012367

5.7927E-005 0.000103

0.0002 0.000135

0.083026

0.00319466 0.005495 0.008381 0.005599

0.058491

0.003005027 0.003136 0.003229 0.003074

0
0

0
3.12695

15.38644547 16.03883 14.38117

12.8205

2011

personnel staff Ration

Assets to number of personnel

Assets / number of personnel

Deposit to number of personnel

liabilities to customer / number of

personnel

Personal productivity

gross margin from service /number of

personnel

Granting to number of personnel

receivable from customer /number of

personnel

nel staff Ration

Compared
2015

2014

2013

2012

4048718.021 4048814 3841925 3743920

3051857.68 3033200 2747260 2691154
95471.89604 95029.43 92329.26 85475.34
40843.2754 38358.38 33812.59 30466.89

2011 AV sector

2011

2012

Compared with the standard

2013

2014

2015

Solvency Ratios
Debt to Equity (Leverage)
Equity to Assets Ratio
Capital Adequacy Ratio (CAR)
Uncovered Capital Ratio

Solvency Ratios
2015

2014

2013

2012

Liabilities/Equity
6.350235 6.268282 5.203743 5.170132
Total Equity/Total Assets

0.13605 0.137584 0.161193 0.162071

Total Capital/Risk-Weighted Assets

Non-Performing Loans >30 days + Value of all Renegotiated Loans Impairment Loss Allowance/Total Capital

Av s
2011

2015

2014

2013

Compared w
2012

6.484356 6.335329 5.744641 5.691288

0.133279 0.135946

0.14774 0.148951

2011

2015

Compared with the standard

2014

2013

2012

2011

Asset Quality Ratios (Portfolio Qualit

Renegotiated Loans Ratio

Write-off Ratio
Loan Loss Rate
Risk Coverage Ratio
Impairment Loss Allowance Ratio
Impairment Loss Expense Ratio

Asset Quality Ratios (Portfolio Quality)

2011

2012

Value of Renegotiated Loans/Gross Loan Portfolio

Value of Loans Written Off/Average Gross Loan Portfolio
Write-Offs Value of Loans Recovered/Average Gross Loan Portfolio
Impairment Loss Allowance/Non-performing Loans > 30 Days Past-due + Value of Renegotiated Loans
Impairment Loss Allowance/Average Gross Loan Portfolio
Impairment Losses on Loans/Average Gross Loan Portfolio

Compared with the standard

2013

2013

2014

2015

AV Scoter

2011

2012

2013

d with the standard

2014

2015


Altman Z Score Formula
T1 = (Current Assets-Current Liabilities) / Total Assets
T2 = Retained Earnings / Total Assets
T3 = Earnings before Interest and Taxes / Total Assets
T4 = Book Value of Equity / Total Liabilities

Z-Score Bankruptcy Model: Z = 6.56T1 + 3.26T2 + 6.72T3 +

1.05T4 Zones of Discrimination: Z > 2.6 -Safe Zone 1.1 < Z <
2.6 -Grey Zone Z < 1.1 -Distress Zone

2011

2012

2013

2014

2015

ncial Analysis for Commercial Banks

Under the kind supervision :Dr.Ghassan Da'as
Prepared By:assi ALassi
Financial Statements

Altman,Sherrod and Kida modle

Balance Sheet

incom statement

Statement of Cash Flows

Report
other dada

Average banking sector

Financial Analy

Under the kin

Pr
Financial indicators

Liquidity Ratios

Asset Quality Ratios (Portfolio Quality)

Solvency Ratios

personnel staff Ration

Profitability ration

Activity ration

Altm

Banks Sector

Trading Information

2015

2014

Value Traded (JD)

No. of Shares Traded
No. of Transactions
No. of Subscribed Shares
Market Capitalization (JD)

689,354,514
138,124,797
58,361
2,372,900,000
9,116,520,000

431,246,193
143,761,179
77,009
2,228,200,000
9,011,590,000

8,289,649,210
5,284,051,136
564,341,128
433,254,007
461,999,618
11,727,575,406
983,709,412
24,592,364,772
1,264,117,697
480,263,815
713,096,873
115,117,497
1,435,072,526
54,600,231,585

7,819,235,184
5,605,608,685
484,787,097
455,391,021
411,145,403
12,042,335,522
1,078,322,925
22,929,321,927
1,298,488,608
454,481,021
651,751,262
112,678,948
1,347,776,479
52,938,354,453

37,519,378,093
4,337,706,965
2,978,675,733
405,966,252
19,487,288
1,925,766,902
47,186,981,233

35,505,052,281
4,775,036,721
3,199,122,486
341,603,052
19,511,970
1,753,490,858
45,593,817,368

2,372,900,000
2,372,900,000
2,372,900,000
1,081,605,372

2,228,200,000
2,228,200,000
2,228,200,000
995,434,619

Assets (JD)
Cash and Balances at Central Banks
Balances at Banks and Financial Institutions
Deposits at Banks and Financial Institutions
Financial Assets at Fair Value Through Profi
Financial Assets at Fair Value Through Oth
Financial Assets at Amortized Cost
Investments in Affiliates
Direct Credit Facilities, Net
Provision for Credit Facilities
Interests in Suspense
Fixed Assets, Net
Deferred Income Tax Assets
Other Assets
Total Assets

Liabilities & Shareholders Equity

Liabilities (JD)
Customers Deposits
Banks & Financial Institutions Deposits
Cash Margins
Loans and Borrowing
Deferred Income Tax Liabilities
Other Liabilities
Total Liabilities

Shareholders Equity (JD)

Authorized Capital
Subscribed Capital
Paid In Capital
Legal Reserve

Voluntary Reserve
Other Reserves
Issuance Premium
Issuance Discount
Treasury Stocks
Cash Dividends
Stock Dividends
Foreign Currencies Translation
Accumulated Change in Fair Value
Retained Earnings
Total Shareholders Equity
Non- controlling Interest
Total Liabilities & Shareholders Equity

846,075,674
934,576,756
1,291,209,057
0
0
378,760,000
72,775,000
-323,254,838
-153,382,522
775,785,599
7,277,050,098
136,200,254
54,600,231,585

840,706,869
926,886,720
1,291,209,057
0
0
299,912,000
144,694,850
-170,433,425
-154,595,232
794,741,153
7,196,756,611
147,780,474
52,938,354,453

2,457,793,264
908,848,765
1,548,944,499
324,575,470
1,873,519,969
23,671,300
87,756,710
228,151,993
2,213,099,972
509,368,153
83,417,910
625,228,825
87,053,906
60,245,132
0
1,365,313,926
847,786,046
316,127,541
0
0
628,668
531,029,837
1,103,525
529,926,312

2,491,711,646
984,948,079
1,506,763,567
335,877,958
1,842,641,525
25,349,994
70,478,269
230,847,953
2,169,317,741
494,654,591
80,912,989
510,738,496
145,758,786
20,022,551
0
1,252,087,413
917,230,328
270,727,614
0
0
573,813
645,928,901
5,934,047
639,994,854

8,765,698,517
824,492,725
79,618,877

8,220,960,877
2,028,525,557
-959,584,079

Income Statement (JD)

Interest Income
Interest Expense
Net Interest Income
Net Commissions Income
Interest and Commissions, Net
Gains from Financial Assets and Instruments
Gains from Foreign Currencies
Other Revenues
Total Income
Employees Expenses
Depreciation & Amortization
Other Expenses
Provision for Direct Credit Facilities (Period
Sundry Provisions
Bad Debts Writtens Off
Total Expenses
Net Income before Tax
Income Tax (Period)
Income Tax ( Previous Years)
Universities and Research Train Fees
Board of Directors Remuniration
Net Income
Non- controlling Interest
Net Income Pertains to Shareholders

Cash Flow (JD)

Cash Balance (Beginning)
Net Cash Flow from (Used In) Operating Act
Net Cash Flow from (Used In) Investing Acti

Net Cash Flow from (Used In) Financing Act

Differences in Exchange
Cash Balance (Ending)

-233,169,049
-19,239,013
9,417,402,057

-520,594,720
-3,609,118
8,765,698,517

Turnover Ratio %
Earning Per Share (JD)
Dividend Per Share (JD)
Book Value Per Share (JD)
Price Earnings Ratio (Times)
Dividend Yield %
Dividends Per Share to Earning Per Share %
Price to Book Value (Times)

5.82
0.22
0.16
3.07
17.20
4.15
71.47
1.25

6.45
0.29
0.13
3.23
14.08
3.33
46.86
1.25

Return On Assets %
Return On Equity %
Net Interest and Commissions Income / Tota
Credit Interest / Credit Facilities, Net %
Net Income / Total Income %
Total Income / Total Assets %
(Provision for Credit Facilities + Interest in Sus

0.97
7.28
84.66
9.99
23.99
4.05
7.09

1.22
8.89
84.94
10.87
29.78
4.10
7.65

Equity Ratio %
Shareholders Equity / Total Deposits%
Debt Ratio %
Total Deposits / Total Assets%

13.58
17.39
86.42
76.66

13.87
17.87
86.13
76.09

Net Credit Facilities to Total Assets%

Net Credit Facilities to Total Deposits%
Shareholders Equity to Credit Facilities, Ne

45.04
58.75
29.59

43.31
56.92
31.39

Quick Ratio (Times)

Cash & Investments to Total Deposits%
Cash + Trading Investments / Total Deposits

0.35
66.28
0.35

0.36
69.26
0.36

Financial Ratios

2012

2013

) (



) (

283,506,460
90,084,253
57,650
2,034,442,179
7,917,072,179

829,942,948
207,603,624
48,688
2,081,100,000
8,696,170,000

) (







-


-

6,179,929,012
6,749,873,880
342,085,628
567,078,828
454,506,569
9,301,720,745
1,141,633,645
20,580,003,618
1,303,618,254
452,915,465
621,101,943
76,117,144
1,340,501,102
47,354,552,114

7,412,465,022
4,816,077,701
488,692,305
344,539,980
397,368,354
10,979,229,455
1,150,467,887
21,444,088,508
1,349,474,387
439,148,068
618,090,488
88,145,181
2,015,489,646
49,754,654,527

) (

30,242,468,736
4,515,707,182
3,689,665,741
614,526,177
17,527,028
1,063,522,925
40,143,417,789

32,094,064,857
3,997,994,432
3,759,967,454
564,177,264
13,263,401
1,797,967,579
42,227,434,987

) (

2,041,100,000
2,034,442,179
2,034,442,179
798,082,796

2,081,100,000
2,081,100,000
2,081,100,000
891,526,469










)(

803,321,076
1,387,082,947
1,300,554,874
5,964,430
0
318,465,000
30,000,000
9,512,725
-94,981,914
472,970,413
7,053,485,666
157,648,659
47,354,552,114

822,042,271
1,394,540,566
1,300,554,874
2,313,730
0
349,065,000
97,100,000
-34,757,496
-146,424,189
598,319,320
7,350,753,085
176,466,455
49,754,654,527

)(

2,154,946,603
827,654,302
1,327,292,301
316,074,956
1,643,367,257
27,471,097
90,661,142
180,655,277
1,942,154,773
428,312,212
74,151,190
313,336,883
311,043,432
17,694,358
467,611
1,145,005,686
797,149,087
210,761,123
0
0
767,665
585,620,299
11,181,898
574,438,401

2,385,708,159
964,568,474
1,421,139,685
314,956,282
1,736,095,967
28,742,419
69,582,721
193,449,353
2,027,870,460
453,949,758
75,734,206
333,261,582
186,599,582
20,200,841
0
1,069,745,969
958,124,491
253,831,273
0
0
482,144
703,811,074
6,126,455
697,684,619

) (

) (
) (

8,482,161,818
769,560,338
-357,455,150

8,600,899,335
1,904,691,153
-1,965,778,164

 ) (

-221,983,816
-10,720,907
8,661,562,283

-311,899,273
-8,952,174
8,218,960,877

%
)(
)(
)(
)(
%
%
)(

4.43
0.28
0.16
3.47
13.78
4.02
55.44
1.12

9.98
0.34
0.17
3.53
12.46
4.01
50.03
1.18

%
%
% /
/ %
/ %
/%
/ %

1.24
8.14
84.62
10.47
30.15
4.10
8.54

1.41
9.49
85.61
11.13
34.71
4.08
8.34

%
/ %
%
/ %

15.23
20.29
84.77
73.40

15.13
20.37
84.87
72.54

%
% /
/ %

43.46
59.21
34.27

43.10
59.41
34.28

)(
+ / %
+ / )(

0.40
71.17
0.40

0.36
70.90
0.36