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Financial Highlight
 

UNION BANK FOR SAVINGS AND INVESTMENT      
CONSOLIDATED BALANCE SHEET as of       
December 31,2007            
(In Jordanian Dinars)          
               
ASSETS 2007   2006
     
Cash and balances with Central Banks 123,085,483   62,643,131
Balances at banks and financial institutions 264,719,733   171,240,950
Deposits at banks and financial institutions 5,672,000   2,304,250
Financial assets held for trading 65,370,113   90,798,481
Direct credit facilities 465,415,208   436,967,870
Financial assets available for sale 98,621,995   54,926,062
Financial assets Held to maturity 50,000   14,021,466
Financial assets pledged as collateral 17,909,308   27,059,116
Property and equipment 10,465,843   9,935,348
Intangible assets 436,625   319,878
Deferred tax assets 1,286,562   0
Other assets 15,057,580   21,508,937
      Total Assets     1,068,090,450   891,725,489
               
LIABILITIES AND EQUITY            
               
Liabilities -              
Banks and financial institutions' deposits 174,783,159   187,181,171
Customers' deposits 554,144,167   479,605,553
Margin accounts 74,157,623   59,816,505
Loans and borrowings 25,725,360   42,835,789
Sundry provisions 375,840   185,447
Income tax liabilities 11,182,500   9,809,805
Deferred tax liabilities 1,165,670   2,140,620
Other liabilities 11,556,948   8,019,631
      Total Liabilities 853,091,269   789,594,521
               
 Equity-              
               
Equity attributable to the Bank's Shareholders      
Paid in capital 95,000,000   55,000,000
Additional paid in capital 79,255,311   6,755,311
Statutory reserve 11,377,431   9,391,353
Voluntary reserve 3,159,659   1,288,656
General banking risk reserve 4,481,693   4,096,665
Cumulative changes in fair values,net 3,289,350   5,697,602
Retained earnings 18,425,737   19,901,381
Total equity attributable to the       
  Bank's Shareholders 214,999,181   102,130,968
Total Liabilities and Equity 1,068,090,450   891,725,489

 

 

  UNION BANK FOR SAVINGS AND INVESTMENT      
  CONSOLIDATED INCOME STATEMENT        
  FOR THE YEAR ENDED DECEMBER 31 , 2007      
  (In Jordanian Dinars)          
               
  2007   2006
     
Interest Income 62,152,607   45,384,687
Interest expense 39,540,052   28,499,327
     
      Net Interest Income 22,612,555   16,885,360
     
Net commission 5,251,076   3,712,775
     
      Net interest and commission income 27,863,631   20,598,135
Other income-      
Net gain from foreign currencies 6,182,806   2,358,755
Net (loss) from financial assets held for trading (1,556,897)   (4,262,430)
Net (loss) gain from available for sale investments (1,893,001)