Safwa Islamic Bank
Investor Report Q3.2023
Contents
02 | Safwa Bank, Financials
At a glance, Highlights, Funding, Uses of Fund, NPM | Pages: |
Analyses, Profitability, Assets Quality, Liquidity, Efficiency | 12 to 23 |
01 | Stronger Safwa
Milestones, Why to invest in Safwa, Our Values, Outlook, Success Journey, Our Products and Services, Safwa Share
Pages: 2 to 11
03 | Jordanian Banking Sector
CBJ Role, Basic info and indicators
04 | Jordan
Pages: 24 to 27
At a glance, Jordanian Economic, Why to invest in Jordan,
Pages: 28 to 31
Safwa Bank
Stronger Safwa
Safwa .. Investment Highlights
Track record
Track record of favorable growth
Innovation
Leveraging technology to drive growth,
competitive differentiation and
increased efficiency
Management/Shareholder
alignment
Stable returns, reduced earning
volatility, and stronger shareholder
value creation
3
Return on Capital
Strong balance sheet/optimization
Positioning
Well positioned in the market with
flexibility to respond to emerging trends
Safwa Bank .. Our Products and Services
Basic Bank | Current Accounts | Saving Accounts | ||||||||||
Account | Kanzi (kids) | |||||||||||
Regular | Salary | Regular | Harir (Women) | |||||||||
Investment Deposit | Investment Certificate | Hajj Sukuk | Deposit Box | |||||||||
Pre Paid Cards Murabaha Credit Card ATM CardsDebit Cards
Safwa Mobile Safwa Online Safwa SMS Call Center
4
Real Estate Ijarah | Personal Murababaha | Musawamah | ||||
Yusur For Refinancing | Auto Murababaha | |||||
Facilities | Cash Deposit Machines | Cash Management System | ||||
Corporate Savings Account | Corporate Current Account | |||||
Financing Goods | Real Estate Financing | Start-up Financing | ||||
Financing for Renewable Energy | Indirect Financing | |||||
Safe Custody
Financial Broker/ Dealer (ASE) Misc E-tradeMisc Mobile
Management and issuance of Sukuk
Customer Centric
Solid Principles, Innovative Solutions
Digitization | Simple Processes |
Safwa Bank .. Strategy Focus, Digitization | 5 |
E Channels | " Anytime, Anywhere " | |||||
Safwa Mobile | Safwa Online | Safwa Call | Cards | |||
ATM | ||||||
E Services
Contactless | Transfers | E-Pay Bills | Update Personal | Prepaid Cards |
Card | Data | |||
Cash Deposit | Cards | Accounts | New User | Points & |
Management | Management | Registration | Loyalty | |
QR Payment | Biometric | "CliQ" | Customer |
Authentication | Instant transfers | onboarding |
Safwa .. Efficient Network
Irbid
42 | |||||||||||||||||||||||||||
4 | 7 | 1 | |||||||||||||||||||||||||
Branches | |||||||||||||||||||||||||||
1 | |||||||||||||||||||||||||||
74 | Balqa | ||||||||||||||||||||||||||
ATMs | |||||||||||||||||||||||||||
1 | 2 | ||||||||||||||||||||||||||
7 | Ma'daba | ||||||||||||||||||||||||||
Safwa Gold | |||||||||||||||||||||||||||
1 | 2 | ||||||||||||||||||||||||||
7 | |||||||||||||||||||||||||||
SME | |||||||||||||||||||||||||||
Centers | |||||||||||||||||||||||||||
Amman | |||||||||||||||||||||||||||
Brokerage | 29 | 54 | 6 | ||||||||||||||||||||||||
Company |
6
Jerash
1 1
Mafraq
1 1
Zarqa
3 | 4 |
1
Karak
1 2
Aqaba
1 | |||||||
1 | |||||||
1 4
Safwa Share
Basic Information and Ratios
7
Share Price Since 2015
| Symbol: | SIBK |
| Exchange Market: | Amman Stock Exchange |
(www.ase.com.jo) | ||
| Free Float: | 14.3 % |
| Closing Price: | JOD 1.90 |
| Market Value : | JOD mn |
Share Key Ratios
Average Price (52 weeks): | JOD 1.90 | |
| Return (last 52 weeks) | 1.1% |
| PE Ratio | 11.6 |
| PB Ratio | 1.03 |
| Volatility | 0.05 JOD |
| Payout Ratio | 0% |
Shareholders Composition
Al Etihad Investment
Company
62.4%
100,000,000
Outstanding Shares | 9.4% |
5.6%
4.9%
14.4% 3.3%
2.10
1.60
1.10
0.60
0.10
-0.40
Social Security
Government Investments
Managemet Company
Orphans Fund
Development Cooperation
Others | Al Etihad Bank |
Safwa Sustainability - ESG
Green Finance
- Retail green financing during 2023 reached JOD 21 million.
- Signed a financing agreement to establish a solar power plant with a total value of JOD70.5 million, to provide the industrial sector with a capacity of 318 gigawatt-hours/year of clean energy. It is considered the largest solar energy project with an on-grid system in the Middle East and North Africa region, and it is the first of its kind in Jordan and the region in terms of its shareholders, which makes it a role model for more projects in the future.
Gender Diversity
- Board of Directors - Increased female representation to 18% (2022 9%)
- Management - Female representation 29%
Resource Efficiency & Waste Management
- Established waste reduction and recycling programs across our operations, focusing on paper, plastics, and electronic waste.
- Continuous monitoring and optimizing of our resource consumption, investing in energy-efficient equipment and technology, and implementing resource-saving measures.
8
Products Energy Requirements Reduction
- Expanded our digital banking services to reduce the need for in-person branch visits and consequently lowers the energy consumption associated with physical banking operations.
- Encourage customers to opt for paperless transactions, to reduce the energy consumption associated with printing and mailing physical documents.
Sustainability Reporting
- Safwa bank issued it first Sustainability Report for the year 2022
Social Responsibility
- Renewed cooperation agreement with King Hussein Cancer Center
- Singed agreement with Injaz for Youth Education and Empowerment
- Donated to Tikyet Um Ali to support those in need
- Future Stars program to train university students
- Donated to Crown Prince Foundation to support schools in need
- Cooperated with King Hussein Cancer Foundation in their media campaign to fight cancer
Future Strategy | 9 |
Our future strategy revolves around the following main pillars.
Our future strategy revolves around the following main pillars.
Unbeatable Customer Service
SIB strives to provide high quality services
and innovative products
Digital Evolution
Applying digital technologies to renew the way business is done and create and deliver new value
The Efficiency and Effectiveness
Implementation of business through a
cohesive team that works in one spirit with
the best solutions, at the lowest costs
Accelerated Growth in All Sectors
Maintaining the pace of the ascending line aiming at a rounded growth in all sectors
Risk Management
Ensuring the application of the principles of the risk management plan, assessing risks and developing strategies to manage them
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Disclaimer
Safwa Islamic Bank PSC published this content on 05 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 10:36:08 UTC.