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AlexBank (بنك الأسكندرية)
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name AlexBank (بنك الأسكندرية) Previous name(s) Bank of Alexandria (2010) Headquarters 49 Kasr El Nil Street, Cairo, 11511, Egypt; Cairo; Greater Cairo |
Status: Delisted Legal Form: Joint Stock Company Operational Status: Operational Financial Auditors: KPMG (2012) Incorporation Date: April 17, 1957 Total Employees: 5,462 Tel: 20 2393 8623 |
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Company Description |
| Bank of Alexandria is an Egyptian joint stock company was established in 1957 as a state-owned commercial bank in 1957, and operates according to Law No. 88 of 2003 .The purpose for the bank was to finance primarily the industrial sector in Egypt. It also had its own mutual fund, established in 1994, with periodical returns and capital growth. " " On October 17, 2006, the Italian Gruppo Sanpaolo IMI won the bid to acquire an 80% stake in Bank of Alexandria. Consequently, Bank of Alexandria became | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 20.10%, from EGP 2,517,000 thousands to EGP 3,023,000 thousands. The results of the period decreased -49.35% reaching EGP 332,780 thousands at the end of the period against EGP 657,000 thousands last year. Return on equity (Net income/Total equity) went from 17.86% to 8.97%, the Return On Asset (Net income / Total Asset) went from 1.77% to 0.88% and the Net Profit Margin (Net Income/Net Sales) went from 26.10% to 11.01% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 919.41% compared to 911.91% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.89 to 1.17 when compared to the previous year. |
Key Executives |
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FULL COMPANY PROFILE
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2012 Y (non-cons) |
2011 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
41,112,000 |
37,811,220 |
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Current Assets |
40,394,000 |
37,168,160 |
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Total Liabilities |
36,821,000 |
34,102,110 |
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Shareholders Equity |
4,291,000 |
3,709,110 |
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Current Liabilities |
33,930,000 |
31,640,810 |
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| * All the accounts are in EGP. | ||
Income Statement
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Total Operating Revenue |
3,810,000 |
3,023,000 |
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Net Profit (Loss) |
625,000 |
332,780 |
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| * All the accounts are in EGP. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
1.52% |
0.88% |
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Annualised Return on Assets (ROA) |
1.52% |
0.88% |
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Return on Equity (ROE) |
14.57% |
8.97% |
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Annualised Return on Equity (ROE) |
16.85% |
9.05% |
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Return on Sales (ROS) |
16.4% |
11.01% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Current asset turnover |
0.09x |
0.08x |
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Fixed-asset turnover |
5.31x |
4.70x |
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Asset Turnover |
0.09x |
0.08x |
| Valuation figures and ratios | ||
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EBITDA |
1,748,000 |
1,528,940 |
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Bookvalue (BV) |
4,267,000 |
3,662,870 |
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Net Cash |
-34,044,000 |
-31,077,860 |
| Liquidity Ratios | ||
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Current Ratio |
119.05% |
117.47% |
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Quick ratio |
119.05% |
117.47% |
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Doom's day ratio |
8.18% |
9.56% |
| Leverage Ratios | ||
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Leverage ratio |
958.1% |
1,019.41% |
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Debt to equity |
858.1% |
919.41% |
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Debt to total assets |
89.56% |
90.19% |
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Long Term Debt to Capital |
40.25% |
39.89% |
| Trend Ratios | ||
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Revenue Trend |
126.03% |
120.1% |
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Net Income Trend |
187.81% |
50.65% |
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