Safwa Islamic Bank

Investor Report

Q2.2021

Prepared by Strategic Finance Department

Contents

01 | Jordan

At a glance, Jordanian Economic, Why to invest in Jordan,

Pages:

2 to 5

02 | Jordanian Banking Sector

CBJ Role, Basic info and indicators

Pages:

6 to 9

03 | Safwa Bank

At a glance, Milestones, Why to invest in Safwa, Mission & Vision, Our Values, Outlook, Success Journey, Our Products and Services, Safwa Share, Meet our Team, BoD

04 | Safwa Bank, Financials

Highlights, Funding, Uses of Fund, NPM Analyses,

Pages:

Profitability, Assets Quality, Liquidity, Efficiency

24 to 33

Pages: 10 to 23

Jordan

Facts and Economy

`

Jordan

3

Area : 89.3 thousand km2

Population : 10.2 million

Capital : Amman

Religion : Islam (95%)

GDP : USD 44.4 billion

GDP Per Capita : USD 4,259

Jordanian Economy

4

GDP (Bn JDs)

26.0

39.2

39.9

40.8

41.6

42.4

43.8

44.3

8.6

12.8

1.8%

2.0%

1.9%

3.2%

2.3%

1.3%

00

05

10

15

16

17

18

19

20 Exp. 21

Public Debt (USD bn)

50

40

17.0

17.4

20.1

20.0

External

30

13.2

14.5

16.7

20

23.2

26.7

27.8

Internal

19.0

19.4

19.1

20.9

10

-

17%

10%

15%

9%

11%

15%

4%

-2%

2%

2%

16%

-1%

-8%

2%

15

16

17

18

19

20

Q2.21

Foreign Reserves (Bn USD)

13.6 15.7 14.8 15.0 12.9 13.4 12.2 11.2

3.4 5.5

00 05 10 15 16 17 18 19 20 Q2.21

Public Debt / GDP

107%

109%

85%

94%

94%

94%

97%

15

16

17

18

19

20

Q2.21

Highlights

Foreign reserves decreased during the first

half 2021 and reached JD 11.2 mn; these

reserves cover the imports needs for 8.9

months.

Jordanian Dinar has a fixed exchange rate

against USD since 1994 with a middle price

of (USD 1 = JOD 0.709)

Increased Unemployment rate trend put a

pressure on Jordanian economy

GDP showed slight increases during last

years, however it is expected this year to

increase by 1.3% (World bank)

Low Inflation trend in recent years reflect

the low growth of GDP rates

Also, the unemployment rate was affected

Unemployment Rate (%)

13.7 14.8 12.5 13.0 15.3 18.3 18.6 19.0

22.7

Inflation (%)

4.9

3.3

4.5

3.5

0.7

-0.8

1.0

0.3

0.6

-0.9

negatively by the low GDP growth

The public debt to GDP ratio is expected to

reach a record of 107% at EOY 2021 , the

CAGR since 2015 for public debt 7% while

the GDP CAGR for the same period is 2%

only.

00 05 10 15 16 17 18 19 Q4.20

00

05

10

15

16

17

18

19

20

Q2.21

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Disclaimer

Safwa Islamic Bank PSC published this content on 17 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2021 07:32:03 UTC.