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CIB 1H2025 Condensed Separate Financials

22nd Jul 2025 07:00

RNS Number : 9511R
Commercial Intnl Bank (Egypt) SAE
22 July 2025
 
Click on, or paste the following link into your web browser, to view the associated PDF document.http://www.rns-pdf.londonstockexchange.com/rns/9511R_1-2025-7-21.pdf 

Condensed Separate Interim Statement of Financial Position as at June 30, 2025

Notes

Jun. 30, 2025

 

Dec. 31, 2024

 

 

 

Assets

 

Cash and balances at the central bank

9

100,535,373

 

136,165,920

Due from banks

10

231,774,988

 

270,089,441

Loans and advances to banks, net

12

28,273,497

 

9,555,410

Loans and advances to customers, net

13

419,494,572

 

340,955,698

Derivative financial instruments

1,165,796

 

819,711

Financial investments

 

 

 

- Financial Assets at Fair Value through OCI

14

262,186,573

 

233,029,903

- Financial Assets at Amortized cost

14

210,324,232

 

167,276,956

Investments in subsidiaries and associates

15

853,165

 

871,525

Non-current assets held for sale

29

159,828

 

159,828

Other assets

16

52,719,250

 

44,175,232

Deferred tax assets

2,558,253

 

2,337,304

Property and equipment

17

4,577,331

3,881,620

Total assets

 

1,314,622,858

 

1,209,318,548

 

Liabilities and equity

 

 

 

Liabilities

 

 

 

Due to banks

18

2,975,504

 

2,317,715

Due to customers

19

1,040,233,344

 

967,895,387

Derivative financial instruments

510,278

 

100,571

Current income tax liabilities

11,373,107

 

18,327,968

Other liabilities

20

27,329,336

 

21,347,499

Issued debt instruments

21

4,948,964

 

5,067,781

Other loans

31,250,581

 

23,962,389

Other provisions

22

19,927,608

18,613,060

Total liabilities

 

1,138,548,722

1,057,632,370

 

Equity

 

 

 

Issued and paid capital

30,708,510

 

30,431,580

Reserves

90,421,708

 

63,125,912

Reserve for employee stock ownership plan (ESOP)

1,734,177

 

1,868,235

Retained earnings*

 

53,209,741

56,260,451

Total equity and net profit for the period / year

 

176,074,136

151,686,178

 

Total liabilities and equity

 

1,314,622,858

1,209,318,548

 

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 Separate 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

 

104,727,073

 

81,420,481

 

Interest and similar expense

 

(53,575,810)

(39,980,202)

 

Net interest income

 

 

51,151,263

41,440,279

 

 

 

 

 

 

Fee and commission income

 

7,416,971

 

5,905,503

 

Fee and commission expense

 

(3,292,751)

(2,505,646)

 

Net fee and commission income

 

 

4,124,220

3,399,857

 

 

 

 

 

 

Dividend income

 

99,052

 

76,025

 

Net trading income

6

 

1,241,158

 

17,385,406

 

Profits (Losses) on financial investments 

14.1

 

526,717

 

297,208

 

Administrative expenses

 

(7,544,381)

 

(5,568,213)

 

Other operating income (expenses)

7

 

(3,546,143)

 

(16,410,949)

 

Impairment release (charges) for credit losses

 

345,831

(2,059,775)

 

Profit before income tax

 

46,397,717

38,559,838

 

 

 

 

 

 

Income tax expense

26

 

(13,477,682)

 

(11,255,055)

 

Deferred tax assets (Liabilities)

26

 

489,475

378,395

 

Net profit for the period

 

 

33,409,510

 

27,683,178

 

 

 

 

 

Earnings per share

8

 

 

 

Basic

9.69

 

8.11

 

Diluted

9.61

 

8.04

 

 

 

 

 

 

 

0

 

 

 

 

Islam Zekry

Hisham Ezz Al-Arab

 

Group CFO & Executive Board Member

CEO & Executive Board Member

 

 

 

 

 

 

 

 

Condensed Separate Interim Statement of Comprehensive Income for the period ended June 30, 2025

 

 

Last 6 Months

 

Last 6 Months

 

 

 

 

 

 

 

Net profit for the period

 

 

33,409,510

27,683,178

 

 

 

 

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

 

4,622,564

 

4,073,707

Effect of ECL on fair value of debt instruments measured at fair value through comprehensive income

 

 

140,134

751,734

Total comprehensive income for the period

 

 

38,175,794

 

32,508,619

Condensed Separate 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

 

46,397,717

 

38,559,838

 

Adjustments to reconcile profits to net cash provided by operating activities

 

 

 

 

Fixed assets depreciation

17

766,315

521,764

 

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

(866,683)

2,387,134

 

Net charged/released for other provisions

22

1,024,484

192,741

 

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

146,354

(35)

 

Impairment release/charge for credit losses (financial investments)

374,498

(327,324)

 

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

(95,111)

1,182,360

 

Revaluation differences impairment charge for Financial Assets at Amortized cost

1,638

100,975

 

Revaluation differences impairment charge for due from banks

(2,820)

105

 

Net utilized/recovered for other provisions

22

(1,053)

(8,970)

 

Exchange revaluation differences of other provisions

22

291,117

3,707,089

 

Profits/losses from selling property and equipment

(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

(181,560)

-

 

Share based payments

 

653,254

 

533,219

 

Operating profits before changes in operating assets and liabilities

 

49,646,434

 

28,080,704

 

 

 

 

 

Net decrease / increase in assets and liabilities

 

 

 

 

Due from banks

75,949,504

36,256,280

 

Financial assets at fair value through P&L

-

(172,728)

 

Derivative financial instruments

24,358

164,384

 

Loans and advances to banks and customers

(96,438,781)

(53,204,190)

 

Other assets

(5,527,589)

(18,799,962)

 

Due to banks

18

657,789

(8,429,958)

 

Due to customers

19

72,337,957

182,431,141

 

Current income tax obligations paid

(2,104,575)

(926,384)

 

Other liabilities

 

(12,900,414)

(5,875,532)

 

Net cash generated from (used in) operating activities

 

81,644,683

 

159,523,755

 

 

 

 

 

Cash flow from investing activities

 

 

 

 

Proceeds from sale of investments in associates

339,920

7,173

 

Payments for investment in subsidiaries

(140,000)

(200,000)

 

Payments for purchases of property, equipment and branches construction

(4,429,952)

(1,262,707)

 

Proceeds from selling property and equipment

6,006

2,184

 

Proceeds from redemption of financial assets at amortized cost

4,876,544

1,240,196

 

Payments for purchases of financial assets at amortized cost

(48,035,713)

(69,609,595)

 

Payments for purchases of financial assets at fair value through OCI

(91,524,026)

(58,448,832)

 

Proceeds from selling financial assets at fair value through OCI

65,110,896

47,255,555

 

Net cash generated from (used in) investing activities

 

(73,796,325)

(81,016,026)

 

 

 

Condensed Separate 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

(14,160,151)

(5,078,792)

 

Issued debt instruments

(118,817)

1,709,668

 

Capital increase

276,930

236,570

 

Net cash generated from (used in) financing activities

(6,713,846)

3,941,966

 

 

 

 

 

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

1,134,512

82,449,695

 

Beginning balance of cash and cash equivalent

227,028,744

233,912,193

 

Cash and cash equivalent at the end of the period

 

228,163,256

 

316,361,888

 

 

 

 

 

Cash and cash equivalent comprise:

 

 

 

 

Cash and balances at the central bank

9

100,535,373

 

43,371,479

 

Due from banks

231,918,739

 

305,020,997

 

Treasury bills and other governmental notes

11

123,491,120

118,676,181

 

Obligatory reserve balance with CBE

(76,281,994)

 

(25,285,404)

 

Due from banks with maturity more than three months

(28,050,433)

(7,684,847)

 

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

 

(123,449,549)

(117,736,518)

 

Total cash and cash equivalent

 

228,163,256

 

316,361,888

 

Condensed Separate Interim statement of changes in shareholders' equity

 

 

Issued and paid capital

Legal reserve

General reserve

General risk reserve

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Total

 

Jun. 30, 2024

 

 

Beginning Balance at 1 January 2024

30,195,010

4,770,354

39,840,707

1,549,445

21,155

(16,808,265)

15,230

29,230,360

1,486,010

90,300,006

 

Capital increase

236,570

-

-

-

-

-

-

-

-

236,570

 

Transferred to reserves

-

1,438,320

22,582,085

-

1,663

-

-

(23,398,943)

(623,125)

-

 

Dividend paid

-

-

-

-

-

-

-

(5,366,429)

-

(5,366,429)

 

Net profit for the period

-

-

-

-

-

-

-

27,683,178

-

27,683,178

 

Transferred to RE from financial assets at fair value through OCI

-

-

-

-

-

-

-

-

-

-

 

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

-

-

-

-

-

4,073,707

-

-

-

4,073,707

 

Transferred (from) to banking risk reserve

-

-

-

-

-

-

2,694

(2,694)

-

-

 

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

-

-

-

-

-

751,734

-

-

-

751,734

 

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

533,219

533,219

 

 Balance at 30 June 2024

30,431,580

6,208,674

62,422,792

1,549,445

22,818

(11,982,824)

17,924

28,145,472

1,396,104

118,211,985

 

 

 

 

 

Issued and paid capital

Legal reserve

General reserve

General risk reserve

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Total

 

Jun. 30, 2025

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance at 1 January 2025

30,431,580

6,208,674

62,422,792

1,549,445

22,818

(7,095,741)

17,924

56,260,451

1,868,235

151,686,178

 

Capital increase

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)

 

Net profit for the period

-

-

-

-

-

-

-

33,409,510

-

33,409,510

 

Transferred to RE from financial assets at fair value through OCI

-

-

-

-

-

3,586

-

(3,586)

-

-

 

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

-

-

-

-

-

4,622,564

-

-

-

4,622,564

 

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

-

-

-

-

-

140,134

-

-

-

140,134

 

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

653,254

653,254

 

 Balance at 30 June 2025

30,708,510

8,979,958

82,181,402

1,549,445

25,064

(2,329,457)

15,296

53,209,741

1,734,177

176,074,136

 

 

 

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END
 
 
IR EANXFAEPSEFA

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