investbank (INVESTB:Abu Dhabi)
investbank (INVESTB) Snapshot
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Open
2.40
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Previous Close
2.40
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Day High
2.40
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Day Low
2.40
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52 Week High
05/19/13 - 2.60
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52 Week Low
07/29/12 - 1.44
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Market Cap
3.1B
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Average Volume 10 Days
219.1K
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EPS TTM
0.24
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Shares Outstanding
1.3B
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EX-Date
02/28/13
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P/E TM
9.8x
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Dividend
0.14
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Dividend Yield
5.95%
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Related News
investbank (INVESTB) Related Businessweek News
No Related Businessweek News Foundinvestbank (INVESTB) Details
Invest bank PSC provides a range of corporate and retail banking services in the United Arab Emirates. The company’s products and services include loans and advances, revolving overdraft facility, guarantees, foreign exchange, current and saving accounts, call and fixed deposits, and auto and personal loans. It also provides investor accounts, MASTER CARD debit cards, VISA credit cards, project and trade finance, letters of credits, collections, and Internet banking services, as well as placements to and from banks. In addition, the company is involved in the investment activities. It operates through branches located in Sharjah, Abu Dhabi, Al Ain, Dubai, Ajman, Ras AI Khaimah, and Fujairah. The company was formerly known as Investment Bank for Trade and Finance and changed its name to Invest bank PSC in 1997. Invest bank PSC was founded in 1975 and is headquartered in the Sharjah, the United Arab Emirates.
investbank (INVESTB) Key Developments
InvestBank P.S.C. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. The bank posted a net profit of AED 89.1 million by the end of first quarter of 2013 against AED 92.273 million a year ago. The Bank posted an operational income of AED 135 million against AED 141.973 million a year ago, while the net operational profit reached AED 100.5 million. The total net Interest income reached in the first quarter of 2013 to AED 99.5 million against AED 107.604 million a year ago, where as the income excluding interest reached to AED 35.3 million. Earnings per share was AED 0.068 against AED 0.070 a year ago. Net cash generated from operating activities was AED 414.172 million against AED 607.840 million a year ago. Purchase of property, plant and equipment was AED 6.155 million against AED 5.372 million a year ago.
InvestBank P.S.C. announced that the company’s general meeting approved cash dividend of AED 187.5 million for the year 2012. Record date is March 3, 2013, last day to participate is March 1, 2013 and payment date is March 15, 2013.
InvestBank P.S.C., Annual General Meeting, Feb 20, 2013., at 20:30 Indian Standard Time. Location: Sharajah H.O..
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Industry Analysis
INVESTB
Industry Average
| Valuation | INVESTB | Industry Range |
| Price/Earnings | 9.8x |
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| Price/Sales | 7.0x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 9.8x |
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| TEV/Sales | 2.8x |
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To contact INVESTBANK, please visit www.investbank.ae. Company data is provided by Capital IQ. Please use this form to report any data issues.
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