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Bahrain

Elaf Bank B.S.C (c) (بنك إيلاف ش.م.ب (مغلقة))

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Elaf Bank B.S.C (c) (بنك إيلاف ش.م.ب (مغلقة))

Previous name(s)
Sokouk Exchange Centre Bank – TADAWUL

Headquarters
P.O. Box 11939, Addax Tower, 2nd-3rd, Al Seef, Manama.; Manama
Status: Non-Listed
Legal Form: Joint Stock Company
Operational Status: Operational
Financial Auditors: Pricewaterhouse Coopers (2011)
Incorporation Date: June 12, 2007
Total Employees: 36

Tel: 973 17561561

Company Description

Elaf Bank, formerly known as Sokouk Exchange Centre Bank – TADAWUL, is a closed shareholding company incorporated in the Kingdom of Bahrain and licensed by the Central Bank of Bahrain to operate as an Islamic wholesale (investment) bank.
Elaf Bank has an authorized capital of USD500 million .

Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2010, total net operating revenues increased with 95.22%, from BHD 1,927.982 thousands to BHD 3,763.864 thousands. The results of the period increased 24.75% reaching BHD -7,596.85 thousands at the end of the period against BHD -10,095.98 thousands last year. Return on equity (Net income/Total equity) went from -14.92% to -12.61%, the Return On Asset (Net income / Total Asset) went from -14.89% to -12.55% and the Net Profit Margin (Net Income/Net Sales) went from -523.66% to -201.84% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 0.49% compared to 0.21% of last year.

Key Executives

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Balance Sheet

Total Assets

60,515

67,823

Current Assets

X,XXX

XX,XXX

Total Liabilities

XXX

XXX

Shareholders Equity

XX,XXX

XX,XXX

* All the accounts are in BHD.
Income Statement

Total Revenues

X,XXX

X,XXX

Net Profit (Loss)

-X,XXX

-XX,XXX

* All the accounts are in BHD.
Ratios
Profitabilty ratios

Return on Assets (ROA)

-XX.XX%

-XX.XX%

Annualised Return on Assets (ROA)

-XX.XX%

-XX.XX%

Return on Equity (ROE)

-XX.XX%

-XX.XX%

Annualised Return on Equity (ROE)

-XX.XX%

Return on Sales (ROS)

-XXX.XX%

-XXX.XX%

Gross Profit Margin

XXX%

XXX%

Efficiency Ratios

Current asset turnover

X.XXx

X.XXx

Fixed-asset turnover

X.XXx

X.XXx

Asset Turnover

X.XXx

X.XXx

Leverage Ratios

Leverage ratio

XXX.XX%

XXX.XX%

Debt to equity

X.XX%

X.XX%

Debt to total assets

X.XX%

X.XX%

Trend Ratios

Revenue Trend

XXX.XX%

XX.XX%

Net Income Trend

XX.XX%

-X,XXX.XX%