CIB 1H2025 Condensed Consolidated Financials

Notes

Jun. 30, 2025

Dec. 31, 2024

Assets

Cash and balances at the central bank

9

101,492,185

136,531,020

Due from banks

10

231,527,267

270,829,834

Loans and advances to banks, net

12

28,273,497

9,555,410

Loans and advances to customers, net

13

422,167,671

343,542,674

Derivative financial instruments

1,165,796

819,711

Financial investments

- Financial Assets at Fair Value through OCI

14

264,012,452

234,512,167

- Financial Assets at Amortized cost

14

212,046,512

168,118,219

Investments in associates

15

40,187

98,193

Other assets

16

52,870,744

44,282,773

Deferred tax assets

2,840,241

2,685,331

Property and equipment

17

4,659,264

3,997,929

Total assets

1,321,095,816

1,214,973,261

Liabilities and equity

Liabilities

Due to banks

18

2,991,407

2,034,885

Due to customers

19

1,045,325,160

972,595,958

Non-current liabilities held for sale

1,362

1,397

Derivative financial instruments

510,278

100,571

Current income tax liabilities

11,373,107

18,327,968

Other liabilities

20

27,448,737

21,441,169

Issued debt instruments

21

4,948,964

5,067,781

Other loans

31,250,581

23,962,389

Other provisions

22

19,940,641

18,621,822

Total liabilities

1,143,790,237

1,062,153,940

Equity

Issued and paid capital

30,708,510

30,431,580

Reserves

91,005,149

63,544,579

Reserve for employee stock ownership plan (ESOP)

1,734,177

1,868,235

Retained earnings*

53,651,167

56,791,883

Total equity and net profit for the period / year

177,099,003

152,636,277

Non-Controlling Interest

206,576

183,044

Total NCI, equity and net profit for the period / year

177,305,579

152,819,321

Total liabilities and equity

1,321,095,816

1,214,973,261

The accompanying notes are an integral part of these financial statements.

(Review report attached)

Including net profit for the period

Islam Zekry

Hisham Ezz Al-Arab

Group CFO & Executive Board Member

CEO & Executive Board Member

Condensed Consolidated Interim Income Statement for the period ended June 30, 2025

Last 6 Months

Last 6 Months

Notes

Jun. 30, 2025

Jun. 30, 2024

Interest and similar income

105,160,947

81,692,664

Interest and similar expense

(53,825,527)

(40,155,413)

Net interest income

51,335,420

41,537,251

Fee and commission income

7,444,430

5,914,748

Fee and commission expense

(3,294,001)

(2,505,646)

Net fee and commission income

4,150,429

3,409,102

Dividend income

39,083

46,101

Net trading income

6

1,247,489

17,390,608

Profits (Losses) on financial investments

14.1

622,565

297,208

Administrative expenses

(7,915,569)

(5,799,128)

Other operating income (expenses)

7

(3,558,772)

(16,423,342)

Impairment release (charges) for credit losses

333,558

(2,052,147)

Bank's share in the profits / losses of associates

5,489

(3,462)

Profit before income tax

46,259,692

38,402,191

Income tax expense

28

(13,462,229)

(11,498,510)

Deferred tax assets (Liabilities)

28

549,173

643,621

Net profit for the period

33,346,636

27,547,302

Non-Controlling Interest

946

332

Bank's shareholders

33,345,690

27,546,970

Earnings per share

8

Basic

9.69

8.11

Diluted

9.61

8.04

Islam Zekry

Hisham Ezz Al-Arab

Group CFO & Executive Board Member

CEO & Executive Board Member

Condensed Consolidated Interim statement of Comprehensive Income for the period ended June 30, 2025

Last 6 Months

Last 6 Months

Jun. 30, 2025

Jun. 30, 2024

Net profit for the period

33,346,636

27,547,302

Transferred to RE from financial assets at fair value through OCI

3,586

-

Net change on financial assets at fair value through comprehensive income after tax

5,056,845

4,194,501

Cumulative foreign currencies translation differences

(215,827)

877,881

Effect of ECL in fair value of debt instruments measured at fair value through OCI

142,274

751,338

Total comprehensive income for the period

38,333,514

33,371,022

As follows:

Bank's shareholders

38,250,562

33,370,690

Non-Controlling Interest

82,952

332

Total comprehensive income for the period

38,333,514

33,371,022

Condensed Consolidated Interim Cash flows for the period ended June 30, 2025

Notes

Jun. 30, 2025

Jun. 30, 2024

Cash flow from operating activities

Profit before income tax

46,259,692

38,402,191

Adjustments to reconcile profits to net cash provided by operating activities

Fixed assets depreciation

17

1,199,285

521,764

Impairment release/charge for credit losses (Loans and advances to customers and banks)

(853,542)

2,383,373

Net charged/released for other provisions

22

1,028,755

197,789

Impairment release/charge for credit losses (due from banks)

143,346

(431)

Impairment release/charge for credit losses (financial investments)

376,638

(330,795)

Impairment release/charge for other assets

-

(7,173)

Exchange revaluation differences for financial assets at fair value through OCI and AC

1,489,447

(18,461,627)

Revaluation differences impairment charge for Financial Assets at Fair value through OCI

(92,993)

1,185,435

Revaluation differences impairment charge for Financial Assets at Amortized cost

1,638

100,975

Revaluation differences impairment charge for due from banks

(2,865)

1,785

Net utilized/recovered for other provisions

22

(1,053)

(13,190)

Exchange revaluation differences of other provisions

22

291,117

3,706,657

Profits/losses from selling property and equipment

7

(6,006)

(2,184)

Profits/losses from selling financial investments at fair value through OCI

14.1

(345,157)

(297,208)

Profits/losses from selling investments in associates

14.1

(277,408)

-

Share based payments

653,254

533,219

Bank's share in the profits / losses of associates

(5,489)

3,462

Operating profits before changes in operating assets and liabilities

49,858,659

27,924,042

Net decrease / increase in assets and liabilities

Due from banks

77,313,672

35,579,404

Financial assets at fair value through P&L

-

(172,728)

Derivative financial instruments

24,358

167,636

Loans and advances to banks and customers

(96,538,045)

(54,214,511)

Other assets

(5,571,542)

(18,857,430)

Non-current assets held for sale

-

(248)

Due to banks

18

956,522

(8,486,266)

Due to customers

19

72,729,202

184,482,256

Current income tax obligations paid

(2,089,122)

(1,169,839)

Non-current liabilities held for sale

(35)

1,320

Other liabilities

(13,007,521)

(5,907,589)

Net cash generated from (used in) operating activities

83,676,148

159,346,047

Cash flow from investing activities

Proceeds from sale of investments in associates

339,920

7,173

Payments for purchases of property, equipment and branches construction

(4,828,546)

(1,358,880)

Proceeds from selling property and equipment

6,006

2,184

Proceeds from redemption of financial assets at amortized cost

4,937,562

1,440,627

Payments for purchases of financial assets at amortized cost

(48,979,866)

(70,069,828)

Payments for purchases of financial assets at fair value through OCI

(91,406,698)

(58,957,315)

Proceeds from selling financial assets at fair value through OCI

65,127,965

46,444,442

Net cash generated from (used in) investing activities

(74,803,657)

(82,491,597)

Condensed Consolidated Interim Cash flows for the period ended June 30, 2025 (Cont.)

Jun. 30, 2025

Jun. 30, 2024

Cash flow from financing activities

Other loans

7,288,192

7,074,520

Dividends

(14,219,571)

(5,116,159)

Issued debt instruments

(118,817)

1,709,668

Capital increase

276,930

236,570

Net cash generated from (used in) financing activities

(6,773,266)

3,904,599

Net (decrease) increase in cash and cash equivalent during the period

2,099,225

80,759,049

Beginning balance of cash and cash equivalent

226,610,721

234,317,913

Cash and cash equivalent at the end of the period

228,709,946

315,076,962

Cash and cash equivalent comprise:

Cash and balances at the central bank

9

101,492,185

43,581,935

Due from banks

231,671,573

306,029,402

Treasury bills and other governmental notes

11

124,383,524

118,676,181

Obligatory reserve balance with central bank

(76,444,950)

(25,444,215)

Due from banks with maturity more than three months

(28,050,433)

(10,029,823)

Treasury bills and other governmental notes with maturity more than three months

(124,341,953)

(117,736,518)

Total cash and cash equivalent

228,709,946

315,076,962

Condensed Consolidated Interim statement of changes in shareholders' equity

Jun. 30, 2024

Issued and paid capital

Legal reserve

General reserve

General risk reserve

Reserve for transactions under common control

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Cumulative foreign currencies translation differences

Total Shareholders' Equity

Non-Controlling Interest

Total

Beginning balance

30,195,010

4,770,354

39,840,707

1,550,906

(670,972)

21,155

(16,868,691)

15,230

29,993,331

1,486,010

148,353

90,481,393

160,073

90,641,466

Capital increase

236,570

-

-

-

-

-

-

-

-

-

-

236,570

-

236,570

Transferred to reserves

-

1,438,320

22,582,085

-

-

1,663

-

-

(23,398,943)

(623,125)

-

-

-

-

Net profit for the period

-

-

-

-

-

-

-

-

27,546,970

-

-

27,546,970

332

27,547,302

Dividends paid

-

-

-

-

-

-

-

-

(5,366,429)

-

-

(5,366,429)

(37,367)

(5,403,796)

Transferred to RE from financial assets at fair value through OCI

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change on financial assets at fair value through OCI after tax

-

-

-

-

-

-

4,194,501

-

-

-

-

4,194,501

-

4,194,501

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

21,718

(21,718)

-

-

-

-

-

Effect of ECL in fair value of debt instruments measured at fair value through OCI

-

-

-

-

-

-

751,338

-

-

-

-

751,338

-

751,338

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

533,219

-

533,219

-

533,219

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

877,881

877,881

-

877,881

Ending balance

30,431,580

6,208,674

62,422,792

1,550,906

(670,972)

22,818

(11,922,852)

36,948

28,753,211

1,396,104

1,026,234

119,255,443

123,038

119,378,481

Jun. 30, 2025

Issued and paid capital

Legal reserve

General reserve

General risk reserve

Reserve for transactions under common control

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Cumulative foreign currencies translation differences

Total Shareholders' Equity

Non-Controlling Interest

Total

Beginning balance

30,431,580

6,208,674

62,422,792

1,550,906

(670,972)

22,818

(7,145,283)

17,924

56,791,883

1,868,235

1,137,720

152,636,277

183,044

152,819,321

Capital increase

276,930

-

-

-

-

-

-

-

-

-

-

276,930

-

276,930

Transferred to reserves

-

2,771,284

19,758,610

-

-

2,246

-

-

(21,744,828)

(787,312)

-

-

-

-

Dividends paid

-

-

-

-

-

-

-

-

(14,714,434)

-

-

(14,714,434)

(59,420)

(14,773,854)

Net profit for the period

-

-

-

-

-

-

-

-

33,345,690

-

-

33,345,690

946

33,346,636

Transferred to RE from financial assets at fair value through OCI

-

-

-

-

-

-

3,586

-

(3,586)

-

-

-

-

-

Transferred to general risk reserve

-

-

-

26,186

-

-

-

-

(26,186)

-

-

-

-

-

Net change on financial assets at fair value through OCI after tax

-

-

-

-

-

-

4,974,839

-

-

-

-

4,974,839

82,006

5,056,845

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

(2,628)

2,628

-

-

-

-

-

Effect of ECL in fair value of debt instruments measured at fair value through OCI

-

-

-

-

-

-

142,274

-

-

-

-

142,274

-

142,274

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

653,254

-

653,254

-

653,254

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

(215,827)

(215,827)

-

(215,827)

Ending balance

30,708,510

8,979,958

82,181,402

1,577,092

(670,972)

25,064

(2,024,584)

15,296

53,651,167

1,734,177

921,893

177,099,003

206,576

177,305,579