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Union Bank (بنك الإتحاد )
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name Union Bank (بنك الإتحاد) Previous name(s) Union Bank for Savings & Investment Headquarters P.O. Box 35104, Union Bank Building, Shemeissani Area Abd Al-Raheem Al-Wakid St, Amman -Jordan-11180.; Amman; Amman |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : JO1100711018 Financial Auditors: Ernst & Young (2012) Total Employees: 540 Tel: 962 65607011 |
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Company Description |
| Union Bank, formerly Union Bank for Savings and Investment, is a Jordan-based financial and banking services provider." The Transition of the Bank to an investment bank known as "Union Bank" was completed on the first of July, 1991." The Bank offers its services throughout three segments: Corporate, which includes documentary loans, bonded warehouse loans, commercial loans, discounted bills, export finance, contractor finance, syndicated loans, project finance and industrial finance, and trade finance | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues increased with 5.36%, from JOD 70,206 thousands to JOD 73,970 thousands. The results of the period increased 30.77% reaching JOD 21,333 thousands at the end of the period against JOD 16,313 thousands last year. Return on equity (Net income/Total equity) went from 7.12% to 9.07%, the Return On Asset (Net income / Total Asset) went from 1.12% to 1.39% and the Net Profit Margin (Net Income/Net Sales) went from 23.24% to 28.84% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 554.55% compared to 535.31% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.90 to 0.92 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 |
1,461,540 |
1,539,405 |
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Current Assets |
1,405,848 |
1,178,425 |
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Total Liabilities |
1,236,633 |
1,304,219 |
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Shareholders Equity |
224,907 |
235,186 |
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Current Liabilities |
1,224,066 |
1,279,973 |
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| * All the accounts are in JOD. | ||
Income Statement
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Total Operating Revenue |
74,027 |
73,970 |
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Net Profit (Loss) |
10,227 |
21,333 |
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| * All the accounts are in JOD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.7% |
1.39% |
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Annualised Return on Assets (ROA) |
0.7% |
1.39% |
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Return on Equity (ROE) |
4.55% |
9.07% |
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Annualised Return on Equity (ROE) |
4.35% |
9.3% |
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Return on Sales (ROS) |
13.82% |
28.84% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Current asset turnover |
0.05x |
0.06x |
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Fixed-asset turnover |
1.33x |
0.20x |
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Asset Turnover |
0.05x |
0.05x |
| Valuation figures and ratios | ||
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EBITDA |
29,418 |
26,869 |
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Enterprise value |
956,904 |
1,041,767 |
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Enterprise Value / EBITDA |
32.53 |
38.77 |
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Bookvalue (BV) |
219,206 |
231,833 |
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Net Cash |
-812,904 |
-840,767 |
| Liquidity Ratios | ||
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Current Ratio |
114.85% |
92.07% |
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Quick ratio |
114.85% |
92.07% |
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Doom's day ratio |
34.62% |
36.21% |
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Cash Flow to Debt |
0% |
9.29% |
| Leverage Ratios | ||
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Leverage ratio |
649.84% |
654.55% |
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Debt to equity |
549.84% |
554.55% |
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Debt to total assets |
84.61% |
84.72% |
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Long Term Debt to Capital |
5.29% |
9.35% |
| Market ratios | ||
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Market Capitalization/EBITDA |
4.89 |
7.48 |
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Market Cap / Net cash |
-0.18 |
-0.24 |
| Trend Ratios | ||
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Revenue Trend |
100.08% |
105.36% |
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Net Income Trend |
47.94% |
130.77% |
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