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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Union National Bank (بنك الاتحاد الوطني)
Main Activities: Banking and Credit Intermediation
Secondary Activities: Investment Brokerage and Other Financial Investments
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Company Information |
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Full name Union National Bank (بنك الاتحاد الوطني) Previous name(s) Alexandria Commercial & Maritime Bank (2008) Headquarters 85 El Horreya Road ; Alexandria; Mediterranean Coast |
Status: Listed Legal Form: Joint Stock Company Operational Status: Operational ISIN CODE : EGS60051C017 Financial Auditors: Waheed Abd El Gafar Baker Tilly and Hazem Hassan (KPMG) (2010) Incorporation Date: September 12, 1981 Total Employees: 570 Tel: (+203) 391 4440 |
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Company Description |
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Union National Bank was established as a commercial bank by public-sector maritime companies and operates under law number 8 of the year 1997. Alexandria Commercial and Maritime Bank is mainly engaged in providing banking services. The Bank was listed in Cairo and Alexandria Stock Exchange on 05/11/1995. In 2007, The Central Bank of Egypt (CBE) approved selling the state stake in capital of Alexandria Commercial and Maritime Bank for LE 65.3 million to Union National Bank at a price of |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 26.57%, from EGP 247,945.15 thousands to EGP 313,827.87 thousands. The results of the period increased 24.30% reaching EGP 17,507.2 thousands at the end of the period against EGP 14,084.39 thousands last year. Return on equity (Net income/Total equity) went from 1.82% to 2.22%, the Return On Asset (Net income / Total Asset) went from 0.31% to 0.39% and the Net Profit Margin (Net Income/Net Sales) went from 5.68% to 5.58% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 473.81% compared to 480.13% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.03 to 1.10 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 Y (non-cons) |
2010 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 |
4,521,346 |
4,501,057 |
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Current Assets |
3,994,364 |
3,722,828 |
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Total Liabilities |
3,733,398 |
3,725,188 |
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Shareholders Equity |
787,947 |
775,868 |
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Current Liabilities |
3,628,241 |
3,611,536 |
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| * All the accounts are in EGP. | ||
Income Statement
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Total Operating Revenue |
313,827 |
247,945 |
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Net Profit (Loss) |
17,507 |
14,084 |
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| * All the accounts are in EGP. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.39% |
0.31% |
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Annualised Return on Assets (ROA) |
0.39% |
0.31% |
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Return on Equity (ROE) |
2.22% |
1.82% |
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Annualised Return on Equity (ROE) |
2.26% |
1.81% |
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Return on Sales (ROS) |
5.58% |
5.68% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Current asset turnover |
0.08x |
0.07x |
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Fixed-asset turnover |
0.60x |
0.32x |
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Asset Turnover |
0.07x |
0.06x |
| Valuation figures and ratios | ||
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Enterprise value |
4,097,503 |
4,719,558 |
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Bookvalue (BV) |
787,947 |
775,868 |
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Net Cash |
-3,593,590 |
-3,634,383 |
| Liquidity Ratios | ||
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Current Ratio |
110.09% |
103.08% |
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Quick ratio |
110.09% |
103.08% |
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Doom's day ratio |
3.85% |
2.51% |
| Leverage Ratios | ||
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Leverage ratio |
573.81% |
580.13% |
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Debt to equity |
473.81% |
480.13% |
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Debt to total assets |
82.57% |
82.76% |
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Long Term Debt to Capital |
11.77% |
12.78% |
| Market ratios | ||
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Market Cap / Net cash |
-0.14 |
-0.30 |
| Trend Ratios | ||
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Revenue Trend |
126.57% |
67.45% |
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Net Income Trend |
124.3% |
20.99% |
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