CIB Stand Alone Results Year end 2009

Commercial International Bank (Egypt) S.A.E.

Financial Statements

December 31, 2009

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

FINANCIAL POSITION

As of December 31, 2009

Amounts in L.E.

Note

Dec. 31, 2009

Dec. 31,2008

Assets

Cash & Due From Central Bank

5

4,179,212,739

4,473,011,942

Due From Banks

6

7,785,042,557

6,411,397,744

Treasury Bills & Other Governmental Notes

7

13,191,665,954

12,449,007,406

Trading Financial Assets

8

380,620,682

497,554,487

Net Loans & Overdrafts

11&12

27,303,684,185

26,330,327,878

Financial Derivatives

13

225,347,220

704,890,792

Financial Investments

Available for Sale

9

7,420,529,606

2,762,232,984

Held to Maturity

9

579,926,673

681,263,274

Financial Investments in Subsidiary and associated companies

14

1,138,277,487

1,138,332,627

Debit Balances and Other Assets

16

960,489,245

942,621,482

Deferred Tax

28

39,799,318

21,840,568

Fixed Assets (Net)

17

718,847,964

715,251,587

Total Assets

63,923,443,630

57,127,732,816

Liabilities & Shareholders' Equity

Liabilities

Due to Banks

18

458,145,229

213,470,012

Customer Deposits

19

54,842,629,843

48,938,109,663

Financial Derivatives

13

150,526,830

636,914,744

Credit Balances & Other Liabilities

20

1,106,662,383

1,235,780,102

Long Term Loans

21

93,237,042

109,273,933

Other Provisions

22

373,832,092

363,218,186

Total Liabilities

57,025,033,419

51,496,766,640

Shareholders' Equity

Issued & Paid- in Capital

23

2,925,000,000

2,925,000,000

Reserves

23

2,056,667,203

1,006,080,499

Reserve for employee stock ownership plan (ESOP)

161,728,984

86,727,903

Retained Earning

(1,942,684)

(1,942,684)

Total Shareholders' Equity

5,141,453,503

4,015,865,718

Net Profit of the Year

1,756,956,708

1,615,100,458

Total Shareholders' Equity & Net Profit

6,898,410,211

5,630,966,176

Total Liabilities & Shareholders' Equity

63,923,443,630

57,127,732,816

Contingent & commitments Liabilities

24

12,637,872,568

13,290,994,705

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

INCOME STATEMENT

For Year Ended December 31, 2009

Amounts in LE.

Note

Dec. 31, 2009

Dec. 31, 2008

Interest and similar income

25

4,026,337,183

3,631,009,316

Interest and similar expenses

25

(2,000,868,482)

(1,988,581,582)

Net Interest Income

2,025,468,701

1,642,427,734

Fees and Commissions income

704,436,353

687,404,799

Fees and Commissions Expense

(67,147,458)

(53,330,476)

Net Income from Fees and Commissions

637,288,895

634,074,323

Dividends Income

126,062,373

139,603,428

Net Trading Income

26

404,153,055

514,178,749

Provisions

12&22

(96,243,322)

(394,144,903)

Profit (losses) from Financial Investments

9

65,751,144

107,630,232

Administrative Expenses

(1,040,787,351)

(950,081,643)

Other Operating Income (Expenses)

10

(36,084,926)

162,201,251

Net Profit before Tax

2,085,608,569

1,855,889,171

Income Tax

29

(346,610,611)

(209,809,806)

Deferred Tax

28&29

17,958,750

(30,978,907)

Net Profit After Tax

1,756,956,708

1,615,100,458

Earning per share

Basic

30

5.32

4.89

Diluted

30

5.20

4.84

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT 1a

For Year Ended Dec. 31, 2009

Amounts in LE.

Dec. 31, 2009

Dec. 31, 2008

Cash Flow From Operating Activities

Net Income Before Tax

2,085,608,569

1,855,889,171

Adjustments To Reconcile Net Income

Total Net Cash Provided by operating

Depreciation

184,283,445

153,818,325

Provisions (Additions during the period)

96,760,400

394,545,539

Trading Financial Investment Evaluation Diff.

(11,988,038)

87,784,923

Impairment of Assets

22,423,516

54,837,345

Utilization of Provision (Other than Provision for Doubtful Debts)

(5,934,246)

(10,943,385)

Provisions No Longer Used

(517,078)

(165,365,215)

Difference in revaluation of FCY Provision Balances

(Except Doubtful Debts)

(724,579)

516,745

Gains From Selling of Fixed Assets

(15,797,710)

(5,052,568)

Profit From Selling of Investments

(113,051,948)

(219,181,954)

Profits from Dispose part of a Subsidiary

-

(50,258,991)

FCY Revaluation Difference of Long Term Loans

310,424

(922,993)

Share based payments

75,001,081

57,568,319

Operating Profit Before Changes in Operating Assets and Liabilities

2,316,373,836

2,153,235,261

Net Decrease (Increase) in Assets

Due from banks

(1,792,506,063)

9,567,610,757

Treasury Bills & Other Governmental Notes

1,410,297,463

(7,353,852,038)

Trading Financial Assets

128,921,844

3,133,860

Financial Derivatives (Net)

(6,844,342)

(55,834,978)

Loans & Overdrafts

(1,047,276,956)

(6,220,116,065)

Net Increase (Decrease) In Liabilities

Debit Balances & Other Assets

(64,378,784)

(13,465,835)

Due to Banks

244,675,217

(2,163,612,423)

Customer Deposits

5,904,520,180

9,423,569,671

Credit Balances & Other Liabilities

(475,728,331)

263,170,719

Net Cash Provided from Operating Activities

6,618,054,065

5,603,838,929

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT 1b

For Year Ended Dec.31,2009

Dec. 31, 2009

Dec. 31, 2008

Cash Flow From Investment Activities

Sale (Purchase) of Subsidiaries & Associated Companies

(86,222,017)

(772,608,736)

Purchase of Fixed Assets, premises and Fitting-out of Branches

(130,621,033)

(142,698,585)

Redemption of Held-to-Maturity Investments

100,347,555

276,189,303

Held to Maturity Financial Investment (Purchases)

989,046

(513,558,411)

Available for Sale Financial Investments (Purchases) Sell

(4,567,668,190)

(200,041,718)

Net Cash (Used in) Investment Activities

(4,683,174,638)

(1,352,718,147)

Cash Flow From Financing Activities

Increase (Decrease) in Long Term Loans

(16,347,315)

(51,159,293)

Dividends Paid

(478,236,553)

(336,727,470)

Net Cash (Used in) provided from Financing Activities

(494,583,868)

(387,886,763)

Net cash & cash equivalent Changes

1,440,295,558

3,863,234,019

Beginning Balance of cash and cash equivalent

8,622,040,072

6,779,152,548

Cash & Cash equivalent Balance At the End of the Year

10,062,335,630

10,642,386,567

Cash & Cash Equivalent are Represented as Follows

Cash and Due from Central Bank

4,179,212,740

6,493,358,437

Due From Banks

7,785,042,557

4,391,051,249

Treasury Bills & Other Governmental Notes

13,191,665,954

12,449,007,406

Due From Banks (Time Deposits)

(7,509,460,335)

(3,696,607,777)

Treasury Bills with Maturity More than Three Months

(7,584,125,285)

(8,994,422,748)

Total Cash & Cash Equivalent

10,062,335,631

10,642,386,567