Contact Details: 00962 7 9767 7418 - [email protected]
Jordanian Banking Sector Report 2014
14
Commercial Banking Sector
Ranking as of December 31,
2013 Tariq Al-Basha – Project Finance Officer & Business Troubleshooter
since June, 2013
BA (Hons) Business Management from the University of Greenwich, London – UK in
July, 2012
Jordan Commercial Banking Sector Ranking as of December 31, 2013
2
Contents Executive Summary ....................................................................................................................................... 4
Consolidated Jordanian Banking Sector ........................................................................................................ 5
Total Assets as of December 31, 2013 .......................................................................................................... 6
Paid-up Capital as of December 31, 2013 ..................................................................................................... 8
Shareholders’ Equity as of December 31, 2013 .......................................................................................... 10
Customers’ Deposits as of December 31, 2013 .......................................................................................... 12
Loans as of December 31, 2013 .................................................................................................................. 14
Loans/Deposits as of December 31, 2013 .................................................................................................. 16
Earnings per Share (EPS) as of December 31, 2013 .................................................................................... 18
Book Value per Share as of December 31, 2013 ......................................................................................... 20
Assets Growth Rate as of December 31, 2013 ........................................................................................... 22
Deposits Growth Rate as of December 31, 2013 ........................................................................................ 24
Total Deposits as of December 31, 2013 .................................................................................................... 26
Net Income as of December 31, 2013 ........................................................................................................ 28
References .................................................................................................................................................. 30
About the Author ........................................................................................................................................ 31
Jordan Commercial Banking Sector Ranking as of December 31, 2013
3
﴾ َقاُلوا ُسْبَحاَنَك ََل ِعْلَم َلَنا ِإَلا َما َعلاْمَتَنا ِإناَك َأْنَت اْلَعِليُم اْلَحِكيمُ ﴿ صدق هللا العظيم
23آية –سورة البقرة
Jordan Commercial Banking Sector Ranking as of December 31, 2013
4
Executive Summary
With a population of 6.2 million and a per capita GDP of
around $4,900, Jordan occupies an area of about 89,000
square kilometers. The Kingdom is classified as an
upper middle-income country. The country has limited
natural resources (phosphate and potash are its main
exported commodities).
The Jordanian economy is one of the most open in the
region. It is well-integrated regionally through migration
and remittances, trade, foreign direct investment, and
tourism. To build a thriving private sector, Jordan is a
signatory of a number of bilateral and multilateral trade agreements. Moreover, the Jordan
Investment Board (JIB), whose aim is to facilitate the registration and licensing procedures for
private sector project, was founded in 1995.
Underlying the spirit of openness, Jordan moved up the rankings (World Competitiveness
Report) by 7 places in 2012 to attain the 64th spot. This improvement is largely captured by the
innovation pillar (up 20 ranks), business sophistication (13 ranks) and by the goods market
efficiency pillar (10 ranks) and its sub-unit (tax rate as a proportion of profits) which moved up
the rankings from 39 to 27. However, the challenge to improving national competitiveness
remains to be the macroeconomic pillar.
To serve the financial needs of the national economy, Jordan boasts a large financial services
sector and one of the oldest stock markets in the region. Total assets of the banking sector are
equivalent to 180 percent of GDP and this is higher than that in the GCC countries (110
percent). The regulatory capital to risk-weighted assets is equal to 19.5 percent and this is
indeed indicative of a sound banking system. Also, it is estimated that the 28 insurance firms
which operate in Jordan issued the equivalent of 2.0 to 2.2 percent of GDP in premiums.
The Jordanian capital market (established in 1978) lists all Jordanian banks and insurance firms
and most of the largest service and manufacturing firms in the country (247) in total, has a
market capitalization to GDP ratio equal to about 100 percent and 50 percent of its capitalization
is owned by non-Jordanians.
Figure 1: Map of Jordan
Jordan Commercial Banking Sector Ranking as of December 31, 2013
5
Consolidated Jordanian Banking Sector
The Central Bank of Jordan (CBJ) classifies the banks into two major categories, namely
national banks and branches of foreign banks. Each of these categories is further divided into
commercial banks and Islamic Banks. Moreover, there are 13 (thirteen) national commercial
banks, 3 (three) national Islamic banks, 8 (eight) branches of foreign commercial banks and 1
(one) branch of foreign Islamic bank as shown in the figure below.
Consolidated Banking Sector
National Banks
Commercial Banks
Arab Bank Arab Banking Corporation
(Jordan)
Arab Jordan Investment Bank
Bank al Etihad
Bank of Jordan Cairo Amman
Bank
Capital Bank of Jordan
Housing Bank for Trade & Finance
InvestBank Jordan Ahli Bank
Jordan Commercial Bank
Jordan Kuwait Bank
Société Générale de Banque –
Jordanie
Islamic Banks
Islamic International
Arab Bank
Jordan Islamic Bank
Jordan Dubai Islamic Bank
Branches of Foreign Banks
Commercial Branches
Banque Audi BLOM Bank
Citi Bank Egyptian Arab
Land Bank
National Bank of Abu Dhabi
National Bank of Kuwait
Rafidain Bank Standard Chartered
Islamic Banks
Al Rajhi Bank
Jordan Commercial Banking Sector Ranking as of December 31, 2013
6
Total Assets as of December 31, 2013
Ranking Bank’s Name
Total Assets as
of December 31,
2013 (JOD)
Total Assets of
June 30, 2013
(JOD)
Change in
Total
Assets
(%)
Market
Share as of
December
31, 2013 (%)
Market
Share as of
June 30,
2013 (%)
Changes
in
Market
Share
1 Arab Bank Group 24,538,372,000.00 24,174,832,000.00 1.50% 51.06% 51.79% -0.73%
2 Housing Bank for Trade & Finance 7,227,090,355.00 7,022,831,055.00 2.91% 15.04% 15.04% -0.01%
3 Jordan Ahli Bank 2,702,629,821.00 2,599,493,621.00 3.97% 5.62% 5.57% 0.05%
4 Jordan Kuwait Bank 2,552,465,748.00 2,403,188,181.00 6.21% 5.31% 5.15% 0.16%
5 Cairo Amman Bank 2,212,969,220.00 2,189,663,255.00 1.06% 4.60% 4.69% -0.09%
6 Bank of Jordan 2,076,936,998.00 1,994,714,509.00 4.12% 4.32% 4.27% 0.05%
7 Bank al Etihad 1,927,906,298.00 1,822,972,995.00 5.76% 4.01% 3.91% 0.11%
8 Capital Bank of Jordan 1,886,577,482.00 1,683,667,045.00 12.05% 3.93% 3.61% 0.32%
9 Arab Jordan Investment Bank 1,198,714,238.00 1,170,064,799.00 2.45% 2.49% 2.51% -0.01%
10 Arab Banking Corporation 956,291,367.00 880,008,525.00 8.67% 1.99% 1.89% 0.10%
11 Invest Bank 778,923,054.00 739,096,265.00 5.39% 1.62% 1.58% 0.04%
Total 48,058,876,581.00 46,680,532,250.00 2.95%
Jordan Commercial Banking Sector Ranking as of December 31, 2013
7
51%
15%
6%
5%
5%
4%
4%
4% 2% 2% 2%
Market Share of Total Assets as of December 31, 2013 (JOD)
Arab Bank Group
Housing Bank for Trade & Finance
Jordan Ahli Bank
Jordan Kuwait Bank
Cairo Amman Bank
Bank of Jordan
Bank al Etihad
Capital Bank of Jordan
Arab Jordan Investment Bank
Arab Banking Corporation
Invest Bank
Jordan Commercial Banking Sector Ranking as of December 31, 2013
8
Paid-up Capital as of December 31, 2013
Ranking Bank’s Name
Paid-up Capital as
of December 31,
2013 (JOD)
Paid-up Capital
as of June 30,
2013 (JOD)
Changes in
Paid-up
Capital (%)
Market Share as of
December 31, 2013
(%)
Market Share as
of June 31, 2013
(%)
1 Arab Bank Group 534,000,000.00 534,000,000.00 - 28.39% 28.39%
2 Housing Bank for Trade & Finance 252,000,000.00 252,000,000.00 - 13.40% 13.40%
3 Capital Bank of Jordan 165,000,000.00 165,000,000.00 - 8.77% 8.77%
4 Jordan Ahli Bank 165,000,000.00 165,000,000.00 - 8.77% 8.77%
5 Bank of Jordan 155,100,000.00 155,100,000.00 - 8.25% 8.25%
6 Bank al Etihad 110,000,000.00 110,000,000.00 - 5.85% 5.85%
7 Arab Banking Corporation 100,000,000.00 100,000,000.00 - 5.32% 5.32%
7 Arab Jordan Investment Bank 100,000,000.00 100,000,000.00 - 5.32% 5.32%
7 Cairo Amman Bank 100,000,000.00 100,000,000.00 - 5.32% 5.32%
7 Invest Bank 100,000,000.00 100,000,000.00 - 5.32% 5.32%
7 Jordan Kuwait Bank 100,000,000.00 100,000,000.00 - 5.32% 5.32%
Total 1,881,100,000.00 1,881,100,000.00
Jordan Commercial Banking Sector Ranking as of December 31, 2013
9
29%
14%
9% 9%
8%
6%
5%
5%
5%
5%
5%
Market Share of Paid-up Capital as of December 31, 2013
Arab Bank Group
Housing Bank for Trade & Finance
Capital Bank of Jordan
Jordan Ahli Bank
Bank of Jordan
Bank al Etihad
Arab Banking Corporation
Arab Jordan Investment Bank
Cairo Amman Bank
Invest Bank
Jordan Kuwait Bank
Jordan Commercial Banking Sector Ranking as of December 31, 2013
10
Shareholders’ Equity as of December 31, 2013
Ranking Bank’s Name
Shareholders’
Equity as of
December 31,
2013 (JOD)
Shareholders’
Equity as of
June 30, 2013
(JOD)
Changes in
Shareholders’
Equity (%)
Market Share
as of December
31, 2013 (%)
Market Share
as of June 30,
2013 (%)
Changes
in Market
Share
1 Arab Bank Group 3,955,414,000.00 3,883,910,000.00 1.84% 54.21% 55.68% -1.47%
2 Housing Bank for Trade & Finance 1,057,095,527.00 984,255,223.00 7.40% 14.49% 14.11% 0.38%
3 Jordan Kuwait Bank 404,526,399.00 388,172,102.00 4.21% 5.54% 5.57% -0.02%
4 Capital Bank of Jordan 324,291,358.00 262,667,896.00 23.46% 4.44% 3.77% 0.68%
5 Bank of Jordan 321,491,586.00 283,530,808.00 13.39% 4.41% 4.07% 0.34%
6 Jordan Ahli Bank 284,285,331.00 280,210,316.00 1.45% 3.90% 4.02% -0.12%
7 Cairo Amman Bank 264,177,647.00 240,356,390.00 9.91% 3.62% 3.45% 0.17%
8 Bank al Etihad 252,138,049.00 239,093,562.00 5.46% 3.46% 3.43% 0.03%
9 Arab Jordan Investment Bank 159,514,782.00 150,077,864.00 6.29% 2.19% 2.15% 0.03%
10 Invest Bank 139,528,150.00 134,518,473.00 3.72% 1.91% 1.93% -0.02%
11 Arab Banking Corporation 133,584,999.00 128,018,874.00 4.35% 1.83% 1.84% 0.00%
Total 7,296,047,828 6,974,811,508 4.61%
Jordan Commercial Banking Sector Ranking as of December 31, 2013
11
- 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00
Arab Bank Group
Housing Bank for Trade & Finance
Jordan Kuwait Bank
Capital Bank of Jordan
Bank of Jordan
Jordan Ahli Bank
Cairo Amman Bank
Bank al Etihad
Arab Jordan Investment Bank
Invest Bank
Arab Banking Corporation
Billions
Shareholders’ Equity as of June 30, 2013 Shareholders’ Equity as of December 31, 2013
Jordan Commercial Banking Sector Ranking as of December 31, 2013
12
Customers’ Deposits as of December 31, 2013
Ranking Bank’s Name
Customers’
Deposits as of
December 31,
2013 (JOD)
Customers’
Deposits as of
June 30, 2013
(JOD)
Changes in
Customers'
Deposits (%)
Market Share
as of December
31, 2013 (%)
Market Share
as of June 30,
2013 (%)
Changes
in Market
Share
1 Arab Bank Group 15,794,047,000.00 15,057,734,000.00 4.89% 51.02% 50.36% 0.66%
2 Housing Bank for Trade & Finance 5,093,448,045.00 4,860,417,178.00 4.79% 16.45% 16.26% 0.20%
3 Jordan Kuwait Bank 1,601,864,631.00 1,485,413,270.00 7.84% 5.17% 4.97% 0.21%
4 Bank of Jordan 1,544,205,723.00 1,549,111,073.00 -0.32% 4.99% 5.18% -0.19%
5 Jordan Ahli Bank 1,461,194,373.00 1,820,052,155.00 -19.72% 4.72% 6.09% -1.37%
6 Cairo Amman Bank 1,426,018,472.00 1,436,403,894.00 -0.72% 4.61% 4.80% -0.20%
7 Bank al Etihad 1,205,587,614.00 1,045,260,157.00 15.34% 3.89% 3.50% 0.40%
8 Capital Bank of Jordan 1,140,349,003.00 1,035,051,791.00 10.17% 3.68% 3.46% 0.22%
9 Arab Banking Corporation 590,515,774.00 579,339,644.00 1.93% 1.91% 1.94% -0.03%
10 Arab Jordan Investment Bank 580,606,665.00 540,399,901.00 7.44% 1.88% 1.81% 0.07%
11 Invest Bank 517,866,177.00 490,925,532.00 5.49% 1.67% 1.64% 0.03%
Total 30,955,703,477.00 29,900,108,595.00 3.53%
Jordan Commercial Banking Sector Ranking as of December 31, 2013
13
51%
16%
5% 5% 5%
4%
4%
4%
2%
2%
2%
10%
Market Share of Customers’ Deposits as of December 31, 2013
Arab Bank Group
Housing Bank for Trade & Finance
Jordan Kuwait Bank
Bank of Jordan
Jordan Ahli Bank
Cairo Amman Bank
Bank al Etihad
Capital Bank of Jordan
Arab Banking Corporation
Arab Jordan Investment Bank
Invest Bank
Jordan Commercial Banking Sector Ranking as of December 31, 2013
14
Loans as of December 31, 2013
Ranking Bank’s Name Loans as of
December 31,
2013 (JOD)
Loans as of June
30, 2013 (JOD)
Changes
in Loans
(%)
Market Share as
of December 31,
2013 (%)
Market Share
as of June 30,
2013 (%)
Changes
in Market
Share
1 Arab Bank Group 10,539,256,000.00 10,363,730,000.00 1.69% 50.89% 51.10% -0.21%
2 Housing Bank for Trade & Finance 2,662,847,949.00 2,582,238,673.00 3.12% 12.86% 12.73% 0.13%
3 Jordan Kuwait Bank 1,328,188,339.00 1,284,648,962.00 3.39% 6.41% 6.33% 0.08%
4 Jordan Ahli Bank 1,188,001,847.00 1,311,055,303.00 -9.39% 5.74% 6.46% -0.73%
5 Bank of Jordan 1,040,347,184.00 907,604,701.00 14.63% 5.02% 4.48% 0.55%
6 Bank al Etihad 1,014,824,140.00 906,200,040.00 11.99% 4.90% 4.47% 0.43%
7 Cairo Amman Bank 964,787,174.00 1,001,686,580.00 -3.68% 4.66% 4.94% -0.28%
8 Capital Bank of Jordan 676,366,322.00 633,805,470.00 6.72% 3.27% 3.13% 0.14%
9 Arab Banking Corporation 486,252,015.00 486,406,907.00 -0.03% 2.35% 2.40% -0.05%
10 Invest Bank 430,882,813.00 420,920,031.00 2.37% 2.08% 2.08% 0.01%
11 Arab Jordan Investment Bank 377,314,851.00 383,291,671.00 -1.56% 1.82% 1.89% -0.07%
Total 20,709,068,634.00 20,281,588,338.00 2.11%
Jordan Commercial Banking Sector Ranking as of December 31, 2013
15
51%
13%
6% 6%
5%
5%
5%
3%
2%
2%
2%
9%
Markert Share of Loans as of December 31, 2013
Arab Bank Group
Housing Bank for Trade & Finance
Jordan Kuwait Bank
Jordan Ahli Bank
Bank of Jordan
Bank al Etihad
Cairo Amman Bank
Capital Bank of Jordan
Arab Banking Corporation
Invest Bank
Arab Jordan Investment Bank
Jordan Commercial Banking Sector Ranking as of December 31, 2013
16
Loans/Deposits as of December 31, 2013
Ranking Bank’s Name Loans/Deposits as of December
31, 2013 (%)
Loans/Deposits as of June
30, 2013 (%)
Changes in
Loans/Deposits (%)
1 Bank al Etihad 84.18% 86.70% -2.52%
2 Invest Bank 83.20% 85.74% -2.54%
3 Jordan Kuwait Bank 82.92% 86.48% -3.56%
4 Arab Banking Corporation 82.34% 90.01% -7.67%
5 Jordan Ahli Bank 81.30% 72.03% 9.27%
6 Cairo Amman Bank 67.66% 69.74% -2.08%
7 Bank of Jordan 67.37% 58.59% 8.78%
8 Arab Bank Group 66.73% 68.83% -2.10%
9 Arab Jordan Investment Bank 64.99% 66.16% -1.17%
10 Capital Bank of Jordan 59.31% 61.23% -1.92%
11 Housing Bank for Trade & Finance 52.28% 53.13% -0.85%
Jordan Commercial Banking Sector Ranking as of December 31, 2013
17
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
Loans/Deposits as of December 31, 2013 (%)
Loans/Deposits as of June 30, 2013 (%)
Jordan Commercial Banking Sector Ranking as of December 31, 2013
18
Earnings per Share (EPS) as of December 31, 2013
Ranking Bank’s Name EPS as of December 31, 2013 (JOD) EPS as of June 30, 2013 (JOD) Changes in EPS (JOD)
1 Arab Bank Group 0.65 0.39 0.26
2 Jordan Kuwait Bank 0.48 0.27 0.21
3 Cairo Amman Bank 0.41 0.17 0.24
4 Housing Bank for Trade & Finance 0.40 0.19 0.21
5 Bank of Jordan 0.26 0.13 0.13
6 Capital Bank of Jordan 0.21 0.10 0.11
6 Bank al Etihad 0.21 0.10 0.11
7 Arab Jordan Investment Bank 0.15 0.08 0.07
8 Invest Bank 0.12 0.07 0.05
9 Arab Banking Corporation 0.12 0.06 0.06
10 Jordan Ahli Bank 0.08 0.07 0.01
Jordan Commercial Banking Sector Ranking as of December 31, 2013
19
- 0.10 0.20 0.30 0.40 0.50 0.60 0.70
Arab Bank Group
Jordan Kuwait Bank
Cairo Amman Bank
Housing Bank for Trade & Finance
Bank of Jordan
Capital Bank of Jordan
Bank al Etihad
Arab Jordan Investment Bank
Invest Bank
Arab Banking Corporation
Jordan Ahli Bank
EPS as of June 30, 2013 (JOD)
EPS as of December 31, 2013 (JOD)
Jordan Commercial Banking Sector Ranking as of December 31, 2013
20
Book Value per Share as of December 31, 2013
Ranking Bank’s Name Book Value per Share as of
December 31, 2013 (JOD)
Book Value per Share as of
June 30, 2013 (JOD)
Changes in Book Value
per Share (JOD)
1 Arab Bank Group 7.41 7.27 0.14
2 Housing Bank for Trade & Finance 4.19 3.91 0.28
3 Jordan Kuwait Bank 4.05 3.88 0.17
4 Cairo Amman Bank 2.64 2.40 0.24
5 Bank al Etihad 2.29 2.17 0.12
6 Bank of Jordan 2.07 1.83 0.24
7 Capital Bank of Jordan 1.97 1.59 0.38
8 Jordan Ahli Bank 1.72 1.70 0.02
9 Arab Jordan Investment Bank 1.60 1.50 0.10
10 Invest Bank 1.40 1.35 0.05
11 Arab Banking Corporation 1.34 1.28 0.06
Jordan Commercial Banking Sector Ranking as of December 31, 2013
21
-
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
Book Value per Share as of December 31, 2013 (JOD)
Book Value per Share as of June 30, 2013 (JOD)
Jordan Commercial Banking Sector Ranking as of December 31, 2013
22
Assets Growth Rate as of December 31, 2013
Ranking Bank’s Name Assets Growth Rate as of
December 31, 2013 (%)
Assets Growth Rate as of
June 30, 2013 (%)
Changes in Assets
Growth Rate (%)
1 Capital Bank of Jordan 17.40% 4.80% 12.60%
2 Arab Jordan Investment Bank 16.10% 13.30% 2.80%
3 Arab Banking Corporation 15.60% 6.40% 9.20%
4 Bank al Etihad 10.20% 4.20% 6.00%
5 Invest Bank 9.90% 4.30% 5.60%
6 Cairo Amman Bank 9.30% 8.20% 1.10%
7 Jordan Kuwait Bank 5.90% -0.30% 6.20%
8 Bank of Jordan 3.00% -1.10% 4.10%
9 Arab Bank Group 2.60% 1.10% 1.50%
10 Housing Bank for Trade & Finance 1.90% -1.00% 2.90%
11 Jordan Ahli Bank 0.20% -1.90% 2.10%
Jordan Commercial Banking Sector Ranking as of December 31, 2013
23
-5.00%
0.00%
5.00%
10.00%
15.00%
20.00%
Assets Growth Rate as of December 31, 2013 (%)
Assets Growth Rate as of June 30, 2013 (%)
Jordan Commercial Banking Sector Ranking as of December 31, 2013
24
Deposits Growth Rate as of December 31, 2013
Ranking Bank’s Name Deposits Growth Rate as
of December 31, 2013 (%)
Deposits Growth Rate as
of June 30, 2013 (%)
Changes in Deposits
Growth Rate (%)
1 Bank al Etihad 24.93% 5.53% 19.40%
2 Arab Banking Corporation 22.38% 14.70% 7.68%
3 Capital Bank of Jordan 18.77% 8.98% 9.79%
4 Jordan Kuwait Bank 17.16% 4.21% 12.95%
5 Invest Bank 13.05% 10.00% 3.05%
6 Housing Bank for Trade & Finance 7.75% 1.10% 6.65%
7 Arab Bank Group 5.18% 0.99% 4.19%
8 Cairo Amman Bank 1.83% 9.01% -7.18%
9 Arab Jordan Investment Bank 1.53% 4.76% -3.23%
10 Bank of Jordan -0.54% -0.46% -0.08%
11 Jordan Ahli Bank -18.69% -2.36% -16.33%
Jordan Commercial Banking Sector Ranking as of December 31, 2013
25
-20.00%
-15.00%
-10.00%
-5.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
Deposits Growth Rate as of December 31, 2013 (%) Deposits Growth Rate as of June 30, 2013 (%)
Jordan Commercial Banking Sector Ranking as of December 31, 2013
26
Total Deposits as of December 31, 2013
Ranking Bank’s Name Total Deposits as
of December 31,
2013 (JOD)
Total Deposits as
of June 30, 2013
(JOD)
Changes in
Total
Deposits (%)
Market Share as
of December 31,
2013 (%)
Market Share
as of June 30,
2013 (%)
Changes
in Market
Share
1 Arab Bank Group 17,546,747,000.00 17,357,879,000.00 1.09% 50.37% 50.33% 0.04%
2 Housing Bank for Trade & Finance 5,686,307,647.00 5,627,884,310.00 1.04% 16.32% 16.32% 0.01%
3 Jordan Kuwait Bank 1,976,696,871.00 1,860,283,045.00 6.26% 5.67% 5.39% 0.28%
4 Cairo Amman Bank 1,639,960,209.00 1,634,126,956.00 0.36% 4.71% 4.74% -0.03%
5 Bank of Jordan 1,614,122,235.00 1,580,300,768.00 2.14% 4.63% 4.58% 0.05%
6 Jordan Ahli Bank 1,581,879,695.00 1,950,063,677.00 -18.88% 4.54% 5.65% -1.11%
7 Bank al Etihad 1,362,262,135.00 1,294,708,852.00 5.22% 3.91% 3.75% 0.16%
8 Capital Bank of Jordan 1,243,370,843.00 1,136,294,130.00 9.42% 3.57% 3.29% 0.27%
9 Arab Jordan Investment Bank 886,864,054.00 873,177,690.00 1.57% 2.55% 2.53% 0.01%
10 Arab Banking Corporation 734,350,057.00 660,391,430.00 11.20% 2.11% 1.91% 0.19%
11 Invest Bank 564,517,024.00 516,049,898.00 9.39% 1.62% 1.50% 0.12%
Total 34,837,077,770.00 34,491,159,756.00
Jordan Commercial Banking Sector Ranking as of December 31, 2013
27
50%
16%
6%
5%
5%
4%
4% 4% 2% 2%
2%
Market Share of Total Deposits as of December 31, 2013 (JOD)
Arab Bank Group
Housing Bank for Trade & Finance
Jordan Kuwait Bank
Cairo Amman Bank
Bank of Jordan
Jordan Ahli Bank
Bank al Etihad
Capital Bank of Jordan
Arab Jordan Investment Bank
Arab Banking Corporation
Invest Bank
Jordan Commercial Banking Sector Ranking as of December 31, 2013
28
Net Income as of December 31, 2013
Ranking Bank’s Name Net Income as
of December
31, 2013 (JOD)
Net Income as
of June 30,
2013 (JOD)
Changes in
Net Income
(%)
Market Share as
of December 31,
2013 (%)
Market Share
as of June 30,
2013 (%)
Changes
in Market
Share
1 Arab Bank Group 346,226,000.00 208,275,000.00 66.24% 49.92% 54.39% -4.48%
2 Housing Bank for Trade & Finance 106,926,629.00 52,495,870.00 103.69% 15.42% 13.71% 1.71%
3 Jordan Kuwait Bank 47,417,835.00 26,644,892.00 77.96% 6.84% 6.96% -0.12%
4 Cairo Amman Bank 40,795,896.00 17,436,405.00 133.97% 5.88% 4.55% 1.33%
5 Capital Bank of Jordan 37,036,290.00 18,070,969.00 104.95% 5.34% 4.72% 0.62%
6 Bank of Jordan 36,393,178.00 16,765,579.00 117.07% 5.25% 4.38% 0.87%
7 Bank al Etihad 22,522,015.00 10,149,304.00 121.91% 3.25% 2.65% 0.60%
8 Arab Jordan Investment Bank 16,662,117.00 8,557,633.00 94.70% 2.40% 2.23% 0.17%
9 Jordan Ahli Bank 16,003,889.00 11,026,657.00 45.14% 2.31% 2.88% -0.57%
10 Invest Bank 11,930,675.00 7,333,755.00 62.68% 1.72% 1.92% -0.20%
11 Arab Banking Corporation 11,695,674.00 6,155,952.00 89.99% 1.69% 1.61% 0.08%
Total 693,610,198.00 382,912,016.00 81.14%
Jordan Commercial Banking Sector Ranking as of December 31, 2013
29
50%
16%
7%
6%
5%
5% 3%
2% 2% 2% 2%
Market Share of Net Income as of December 31, 2013 (JOD)
Arab Bank Group
Housing Bank for Trade & Finance
Jordan Kuwait Bank
Cairo Amman Bank
Capital Bank of Jordan
Bank of Jordan
Bank al Etihad
Arab Jordan Investment Bank
Jordan Ahli Bank
Invest Bank
Arab Banking Corporation
Jordan Commercial Banking Sector Ranking as of December 31, 2013
30
References [Arab Bank Plc] http://www.arabbank.com.jo/
[Arab Banking Corporation (Jordan)] http://www.arabbanking.com.jo/
[Arab Jordan Investment Bank] http://www.ajib.com/en
[Bank al Etihad] http://www.bankaletihad.com/
[Bank of Jordan] http://www.bankofjordan.com/boj50/index.htm
[Cairo Amman Bank] http://www.cab.jo/
[Capital Bank of Jordan] http://www.capitalbank.jo/
[The Housing Bank for Trade & Finance] http://www.hbtf.com/wps/portal
[Invest Bank] http://www.investbank.jo/
[Jordan Ahli Bank] http://www.ahli.com/
[Jordan Commercial Bank] http://www.jcbank.com.jo/en
[Jordan Kuwait Bank] http://www.jkb.com/
[Société Générale de Banque – Jordanie] http://www.sgbj.com.jo/sgbj/en/Home
Jordan Commercial Banking Sector Ranking as of December 31, 2013
31
About the Author
Awarded First Class Honours in Bachelor of
Arts (Honours) Business Management from
the University of Greenwich – UK.
Working as a Project Finance Officer for an
Iraqi-owned Group in which representing the
CEO and shareholders' interest in 23
companies, subsidiaries and affiliates in Iraq,
Jordan, Lebanon and UAE.
Previous works related to the Jordanian
Banking Sector:
1. Jordan's Commercial Banking Sector
Ranking as of June 30, 2013.
2. Are Jordanian Banks Jordanian?
3. The External Auditors' Market Share
in the Jordanian Banking Sector in
2012.
4. Retail Branches per Jordanians:
Retail Banking Statistics in Jordan
Key Skills:
1. Budgeting & Forecasting
2. Business Development, Planning & Troubleshooting
3. Cost Analysis & Cutting
4. Entrepreneurship, SMEs & Local Development
5. Financial Analysis, Modeling & Studies
6. Feasibility & Research Studies
7. Legal Writing