Condensed Separate Financial Statements June 2026

Condensed Separate Interim Statement of Financial Position as at June 30, 2026

Notes

Jun. 30, 2026

Dec. 31, 2025

Assets

Cash and balances at the central bank

14

143,485,898

88,094,579

Due from banks

15

214,113,557

136,581,804

Loans and advances to banks, net

17

48,462,194

34,440,770

Loans and advances to customers, net

18

591,344,701

503,361,099

Derivative financial instruments

399,402

620,349

Financial investments

- Financial Assets at Fair Value through OCI

19.1

347,509,799

375,180,260

- Financial Assets at Amortized cost

19.1

268,728,776

234,685,457

Investments in subsidiaries and associates

20

1,257,430

1,157,430

Non-current assets held for sale

32

279,104

279,104

Other assets

21

58,484,112

53,904,113

Deferred tax assets

2,277,379

2,410,347

Property and equipment

22

5,816,299

5,437,519

Total assets

1,682,158,651

1,436,152,831

Liabilities and equity

Liabilities

Due to banks

23

42,027,539

3,796,866

Due to customers

24

1,303,791,233

1,105,355,617

Derivative financial instruments

227,032

137,802

Current income tax liabilities

12,333,227

20,570,313

Other liabilities

25

32,405,364

25,411,706

Issued debt instruments

26

4,922,120

4,761,558

Other loans

34,616,250

30,471,499

Other provisions

27

15,035,711

15,632,737

Total liabilities

1,445,358,476

1,206,138,098

Equity

Issued and paid capital

34,051,391

33,779,361

Reserves

136,490,608

105,426,594

Reserve for employee stock ownership plan (ESOP)

2,295,868

2,343,532

Retained earnings*

63,962,308

88,465,246

Total equity and net profit for the period / year

236,800,175

230,014,733

Total liabilities and equity

1,682,158,651

1,436,152,831

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, 2026

Last 6 Months

Last 6 Months

Notes

Jun. 30, 2026

Jun. 30, 2025

Interest and similar income

110,017,873

104,727,073

Interest and similar expense

(49,541,711)

(53,575,810)

Net interest income

60,476,162

51,151,263

Fee and commission income

9,971,971

7,416,971

Fee and commission expense

(4,210,802)

(3,292,751)

Net fee and commission income

5,761,169

4,124,220

Dividend income

201,078

99,052

Net trading income

9

1,440,487

1,241,158

Profits (losses) on financial investments 

19.2

545,790

526,717

Administrative expenses

(9,981,280)

(7,544,381)

Other operating income (expenses)

10

(4,093,152)

(3,546,143)

Release (charges) for ECL

11

(269,660)

345,831

Profit before income tax

54,080,594

46,397,717

Income tax expense

12

(14,463,502)

(13,477,682)

Deferred tax assets (liabilities)

12

(382,014)

489,475

Net profit for the period

39,235,078

33,409,510

Earnings per share

13

Basic

10.35

8.82

Diluted

10.22

8.71

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, 2026

Last 6 Months

Last 6 Months

Jun. 30, 2026

Jun. 30, 2025

Net profit for the period

39,235,078

33,409,510

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

(3,536,915)

4,622,564

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

(942,320)

140,134

Total comprehensive income for the period

34,755,843

38,175,794

Condensed Separate Interim Cash Flows for The Period Ended June 30, 2026

Notes

Jun. 30, 2026

Jun. 30, 2025

Cash flow from operating activities

Profit before income tax

54,080,594

#

46,397,717

Adjustments to reconcile profits to net cash provided by operating activities

Fixed assets depreciation

22

1,142,208

#

766,315

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

11

545,493

#

(866,683)

Net charge/release for other provisions

27

589,048

#

1,024,484

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

11

13,923

#

146,354

Impairment release/charge for credit losses (financial investments)

11

(289,756)

#

374,498

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

(7,228,082)

#

1,489,447

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

193,153

#

(95,111)

Revaluation differences impairment charge for Financial Assets at Amortized cost

(48,139)

#

1,638

Revaluation differences impairment charge for due from banks

3,593

#

(2,820)

Net utilized/recovered for other provisions

27

(1,190,515)

#

(1,053)

Exchange revaluation differences of other provisions

27

4,441

#

291,117

Profits/losses from selling property and equipment

-

#

(6,006)

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

19.2

(545,790)

#

(345,157)

Profits/losses from selling investments in associates

19.2

-

#

(181,560)

Share based payments

795,382

#

653,254

Operating profits before changes in operating assets and liabilities

48,065,553

49,646,434

Net decrease / increase in assets and liabilities

Due from banks

(48,292,882)

#

75,949,504

Derivative financial instruments

295,040

#

24,358

Loans and advances to banks and customers

(102,551,573)

#

(96,438,781)

Other assets

(3,236,518)

#

(5,527,589)

Due to banks

23

38,230,673

#

657,789

Due to customers

24

198,435,616

#

72,337,957

Current income tax obligations paid

(2,130,275)

#

(2,104,575)

Other liabilities

(13,576,655)

#

(12,900,414)

Net cash generated from (used in) operating activities

115,238,979

#

81,644,683

Cash flow from investing activities

Proceeds from sale of investments in associates

-

#

339,920

Payments for investment in subsidiaries

(100,000)

#

(140,000)

Payments for purchases of property, equipment and branches construction

(2,863,415)

#

(4,429,952)

Proceeds from selling property and equipment

10

-

#

6,006

Proceeds from redemption of financial assets at amortized cost

11,022,297

#

4,876,544

Payments for purchases of financial assets at amortized cost

(45,787,904)

#

(48,035,713)

Payments for purchases of financial assets at fair value through OCI

(82,226,352)

#

(91,524,026)

Proceeds from selling financial assets at fair value through OCI

113,810,205

#

65,110,896

Net cash generated from (used in) investing activities

(6,145,169)

#

(73,796,325)

Condensed Separate Interim Cash Flows for The Period Ended June 30, 2026 (Cont.)

Jun. 30, 2026

Jun. 30, 2025

Cash flow from financing activities

Other loans

4,144,751

#

7,288,192

Dividends

(29,037,813)

#

(14,160,151)

Issued debt instruments

160,562

#

(118,817)

Capital increase

272,030

#

276,930

Net cash generated from (used in) financing activities

(24,460,470)

#

(6,713,846)

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

84,633,340

#

1,134,512

Beginning balance of cash and cash equivalent

141,266,643

227,028,744

Cash and cash equivalent at the end of the period

225,899,983

228,163,256

Cash and cash equivalent comprise:

Cash and balances at the central bank

14

143,485,898

100,535,373

Due from banks

214,263,755

231,918,739

Treasury bills and other governmental notes

16

149,929,042

#

123,491,120

Obligatory reserve balance with CBE

(123,711,931)

(76,281,994)

Due from banks with maturity more than three months

(8,137,960)

#

(28,050,433)

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

(149,928,821)

#

(123,449,549)

Total cash and cash equivalent

225,899,983

#

228,163,256

Condensed Separate Interim Statement of Changes in Shareholders' Equity

Jun. 30, 2025

Issued and paid capital

Legal reserve

General reserve

General risk reserve

Special reserve

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Total

Beginning Balance

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)

-

Dividend 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 on debt instruments measured at fair value through OCI

-

-

-

-

-

-

140,134

-

-

-

140,134

Cost of employees' stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

653,254

653,254

 Ending Balance

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

Jun. 30, 2026

Issued and paid capital

Legal reserve

General reserve

General risk reserve

Special reserve

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Total

Beginning Balance

33,779,361

8,979,958

79,110,551

1,549,445

13,145,012

25,064

2,601,268

15,296

88,465,246

2,343,532

230,014,733

Capital increase

272,030

-

-

-

-

-

-

-

-

-

272,030

Transferred to reserves

-

4,089,832

31,449,216

-

-

13,005

-

-

(34,709,007)

(843,046)

-

Dividends paid

-

-

-

-

-

-

-

-

(29,037,813)

-

(29,037,813)

Net profit for the period

-

-

-

-

-

-

-

-

39,235,078

-

39,235,078

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

-

-

-

-

-

-

(3,536,915)

-

-

-

(3,536,915)

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

(8,804)

8,804

-

-

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

-

-

-

-

-

-

(942,320)

-

-

-

(942,320)

Cost of employees' stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

795,382

795,382

 Ending Balance

34,051,391

13,069,790

110,559,767

1,549,445

13,145,012

38,069

(1,877,967)

6,492

63,962,308

2,295,868

236,800,175