Mashreqbank PSC (DFM: MASQ)

Mashreqbank PSC Balance Sheet

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	29,052	38,106	38,505	21,302	20,841	22,767
Investment Securities	35,461	64,840	39,508	43,562	38,431	32,082
Trading Asset Securities	4,199	4,847	5,276	2,273	2,966	2,158
Total Investments	39,659	69,687	44,784	45,836	41,397	34,240
Gross Loans	162,998	116,423	98,192	89,739	78,305	80,695
Allowance for Loan Losses	-2,845	-2,974	-4,782	-6,721	-5,811	-3,973
Other Adjustments to Gross Loans	-2,286	-2,550	-2,581	-1,532	-647.88	-309.56
Net Loans	157,866	110,899	90,829	81,486	71,846	76,412
Property, Plant & Equipment	1,348	1,382	1,395	1,426	1,467	1,368
Other Intangible Assets	378.71	360.61	230.67	281.34	294.44	262.88
Investments in Real Estate	245.75	502.05	464.84	462.83	449.72	473.59
Accrued Interest Receivable	-	194.71	194.26	-	277.35	318.67
Other Receivables	-	40.13	45.48	-	770.54	775.46
Restricted Cash	14,696	10,236	5,223	4,457	3,770	5,473
Other Current Assets	3,955	4,088	9,698	14,341	13,079	13,211
Other Real Estate Owned & Foreclosed	-	0.38	286.83	-	94.95	110.2
Other Long-Term Assets	7,209	4,484	5,588	7,462	4,236	4,018
Total Assets	254,411	239,981	197,245	177,054	158,523	159,431
Accrued Expenses	-	1,249	955.21	1,434	1,520	1,324
Interest Bearing Deposits	64,127	64,648	47,447	47,649	45,703	55,925
Non-Interest Bearing Deposits	91,936	81,585	66,360	53,834	42,558	35,044
Total Deposits	156,063	146,232	113,806	101,483	88,261	90,969
Short-Term Borrowings	15,468	15,088	13,539	6,589	6,020	6,077
Current Portion of Long-Term Debt	2,310	5,395	2,350	4,323	3,141	4,371
Current Income Taxes Payable	-	86.05	112.66	104.53	90.94	69.65
Accrued Interest Payable	-	829.67	473.6	425.2	552.77	631.7
Other Current Liabilities	3,955	7,286	12,906	14,874	13,318	13,324
Long-Term Debt	26,990	26,304	23,190	19,669	18,882	14,271
Long-Term Leases	-	52.58	48.98	62.28	82.16	93.89
Long-Term Unearned Revenue	-	672.35	612.99	1,885	1,591	1,608
Pension & Post-Retirement Benefits	-	284.21	253.6	234.98	248.33	234.5
Other Long-Term Liabilities	14,323	5,184	4,488	4,945	4,628	4,215
Total Liabilities	219,109	208,663	172,737	156,029	138,335	137,188
Common Stock	2,006	2,006	2,006	2,006	1,775	1,775
Retained Earnings	31,107	29,136	22,436	18,886	18,112	20,115
Comprehensive Income & Other	1,159	-808.8	-842.69	-663.61	-456.86	-358.02
Total Common Equity	34,272	30,333	23,599	20,228	19,431	21,533
Minority Interest	1,030	984.43	909.38	796.06	757.68	710.35
Shareholders' Equity	35,302	31,318	24,509	21,024	20,188	22,243
Total Liabilities & Equity	254,411	239,981	197,245	177,054	158,523	159,431
Total Debt	44,768	46,839	39,128	30,643	28,125	24,813
Net Cash (Debt)	-11,518	28,659	21,414	13,486	17,251	19,378
Net Cash Growth	-	33.84%	58.78%	-21.83%	-10.97%	5.17%
Net Cash Per Share	-57.41	142.86	106.74	67.23	85.99	96.59
Filing Date Shares Outstanding	200.61	200.61	200.61	200.61	200.61	200.61
Total Common Shares Outstanding	200.61	200.61	200.61	200.61	200.61	200.61
Book Value Per Share	156.19	145.71	112.15	100.83	96.86	107.34
Tangible Book Value	33,893	29,973	23,369	19,947	19,136	21,270
Tangible Book Value Per Share	154.30	143.92	111.00	99.43	95.39	106.03

Source: S&P Capital IQ. Banks template. Financial Sources.