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Egypt
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Al Watany Bank of Egypt (البنك الوطني المصري)

Main Activities: Banking and Credit Intermediation - Investment Brokerage and Other Financial Investments

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Company Information

Full name
Al Watany Bank of Egypt (البنك الوطني المصري)

Headquarters
P.O. Box 63, Dr.Fouad Mohieedin Square, Ramadouh Building, 1st, 2nd, 4th, 7th, 10th, 14th, and 16th Floor, 13 Semar Street, Mohandessin Area, Giza - Cairo.; Cairo; Greater Cairo
Status: Listed
Legal Form: Joint Stock Company
Operational Status: Operational
ISIN CODE : EGS60171C013
Financial Auditors: Ernst & Young (2012)
Total Employees: 1,300

Tel: 202 33388816 / 7

Company Description

Al Watany Bank of Egypt (AWB) was established in 1980 under the investment law and its amendments. The bank carries out all banking activities through its headquarters and branches among which some (2 in 2010) are concerned with Islamic transactions. " " In April 2005, Societe Arab Internationale du Banque (SAIB) bought Arab Investment Bank's 3.4% stake in AWB. " On April 2nd, 2008 National Bank of Kuwait announced the acquisition of 98% stake in Al Watany Bank of Egypt (AWB). AWB will maintain its
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 9.73%, from EGP 1,174,439.312 thousands to EGP 1,288,739 thousands. The results of the period decreased -49.54% reaching EGP 225,552 thousands at the end of the period against EGP 446,987.988 thousands last year. Return on equity (Net income/Total equity) went from 24.83% to 13.93%, the Return On Asset (Net income / Total Asset) went from 2.62% to 1.37% and the Net Profit Margin (Net Income/Net Sales) went from 38.06% to 17.50% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 918.59% compared to 847.74% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.38 to 1.00 when compared to the previous year.

Key Executives

Mr.Isam Jasem Al-Sagr Chairman
Mr.Georges Richani Vice Chairman
Mr.Diaa El Din Mohamed Aly Abd Rabo BOD - Board of Directors
Mr.Mazen Saad Al-Nahedh BOD - Board of Directors
Mr.Moustafa Ismail Youssef El Guindy BOD - Board of Directors

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Balance Sheet

Total Assets

17,973,808

16,495,363

Current Assets

1,602,684

13,558,550

Total Liabilities

16,151,104

14,875,935

Shareholders Equity

1,822,704

1,619,428

Current Liabilities

2,563,667

13,589,893

* All the accounts are in EGP.
Income Statement

Total Operating Revenue

1,612,523

1,288,739

Net Profit (Loss)

374,078

225,552

* All the accounts are in EGP.
Ratios
Profitability Ratios

Return on Assets (ROA)

2.08%

1.37%

Annualised Return on Assets (ROA)

2.08%

1.37%

Return on Equity (ROE)

20.52%

13.93%

Annualised Return on Equity (ROE)

56.22%

12.53%

Return on Sales (ROS)

23.2%

17.5%

Gross Profit Margin

100%

100%

Efficiency Ratios

Current asset turnover

1.01x

0.10x

Fixed-asset turnover

0.10x

0.44x

Asset Turnover

0.09x

0.08x

Valuation figures and ratios

EBITDA

985,040

756,449

Enterprise value

17,770,104

16,597,935

Enterprise Value / EBITDA

18.04

21.94

Bookvalue (BV)

1,822,704

1,619,428

Net Cash

-16,151,104

-14,875,935

Liquidity Ratios

Current Ratio

62.52%

99.77%

Quick ratio

62.52%

99.77%

Cash Flow to Debt

8.08%

9.08%

Leverage Ratios

Leverage ratio

986.11%

1,018.59%

Debt to equity

886.11%

918.59%

Debt to total assets

89.86%

90.18%

Long Term Debt to Capital

88.17%

44.26%

Market ratios

Market Capitalization/EBITDA

1.64

2.28

Market Cap / Net cash

-0.10

-0.12

Trend Ratios

Revenue Trend

125.12%

109.73%

Net Income Trend

165.85%

50.46%