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    Commercial Int Bank - 1st Quarter Results

    Picture of Commercial International Bank Egypt CIB logoCommercial International Bank Egypt CIB
    12/05/2026 10:18
    RNS Number : 9495D

Commercial Intnl Bank (Egypt) SAE

12 May 2026

 

http://www.rns-pdf.londonstockexchange.com/rns/9495D_1-2026-5-12.pdf



    Condensed Separate Interim Statement of Financial Position as at March 31, 2026
    NotesMar. 31, 2026Dec. 31, 2025
    Assets
    Cash and balances at the central bank1491,222,85188,094,579
    Due from banks15171,464,712136,581,804
    Loans and advances to banks, net1755,185,04234,440,770
    Loans and advances to customers, net18545,902,541503,361,099
    Derivative financial instruments515,109620,349
    Financial investments
    - Financial Assets at Fair Value through OCI19.1374,988,506375,180,260
    - Financial Assets at Amortized cost19.1264,070,109234,685,457
    Investments in subsidiaries and associates201,257,4301,157,430
    Non-current assets held for sale32279,104279,104
    Other assets2149,136,40453,904,113
    Deferred tax assets1,185,3892,410,347
    Property and equipment225,587,5535,437,519
    Total assets1,560,794,7501,436,152,831
    Liabilities and equity
    Liabilities
    Due to banks2314,337,1043,796,866
    Due to customers241,210,058,5651,105,355,617
    Derivative financial instruments81,585137,802
    Current income tax liabilities5,380,43220,570,313
    Other liabilities2560,117,40825,411,706
    Issued debt instruments265,455,8204,761,558
    Other loans34,530,87330,471,499
    Other provisions2716,594,29715,632,737
    Total liabilities1,346,556,0841,206,138,098
    Equity
    Issued and paid capital33,779,36133,779,361
    Reserves135,250,237105,426,594
    Reserve for employee stock ownership plan (ESOP)2,715,9482,343,532
    Retained earnings*42,493,12088,465,246
    Total equity and net profit for the period / year214,238,666230,014,733
    Total liabilities and equity1,560,794,7501,436,152,831
    The accompanying notes are an integral part of these financial statements.
    (Review report attached)
    *Including net profit for the period
    

 


    Condensed Separate Interim Income Statement for The Period Ended March 31, 2026
    NotesMar. 31, 2026Mar. 31, 2025
    Interest and similar income53,038,33552,299,641
    Interest and similar expense(23,508,947)(27,003,143)
    Net interest income29,529,38825,296,498
    Fee and commission income4,407,5203,510,324
    Fee and commission expense(2,221,186)(1,586,144)
    Net fee and commission income2,186,3341,924,180
    Dividend income24,83012,751
    Net trading income9418,338641,395
    Profits (losses) on financial investments19.2168,162376,684
    Administrative expenses(4,971,613)(3,748,977)
    Other operating income (expenses)10(2,426,872)(1,735,421)
    Release (charges) for ECL11532,097(68,528)
    Profit before income tax25,460,66422,698,582
    Income tax expense12(6,304,551)(6,514,216)
    Deferred tax assets (liabilities)12(1,417,766)411,246
    Net profit for the period17,738,34716,595,612
    Earnings per share13
    Basic4.654.37
    Diluted4.594.32
    Islam ZekryHisham Ezz Al-Arab
    Group CFO & Executive Board MemberCEO & Executive Board Member
    Condensed Separate Interim Statement of Comprehensive Income for The Period Ended March 31, 2026
    Mar. 31, 2026Mar. 31, 2025
    Net profit for the period17,738,34716,595,612
    Net change on financial assets at fair value through comprehensive income after tax(4,612,788)2,141,325
    Effect of ECL on debt instruments measured at fair value through OCI(263,772)841,407
    Total comprehensive income for the period12,861,78719,578,344
    

 

 


    Condensed Separate Interim Cash Flows for The Period Ended March 31, 2026
    NotesMar. 31, 2026Mar. 31, 2025
    Cash flow from operating activities
    Profit before income tax25,460,66422,698,582
    Adjustments to reconcile profits to net cash provided by operating activities
    Fixed assets depreciation22544,724353,476
    Impairment release/charge for credit losses (loans and advances to customers and banks)11(328,665)(1,099,420)
    Net charge/release for other provisions27989,760317,074
    Impairment release/charge for credit losses (due from banks)117,565144,661
    Impairment release/charge for credit losses (financial investments)11(210,997)1,023,287
    Exchange revaluation differences for financial assets at fair value through OCI and AC(23,298,906)212,785
    Revaluation differences impairment charge for Financial Assets at Fair value through OCI534,661(13,337)
    Revaluation differences impairment charge for Financial Assets at Amortized cost51,5121,240
    Revaluation differences impairment charge for due from banks19,270-
    Net utilized/recovered for other provisions27(1,152,649)(520)
    Exchange revaluation differences of other provisions271,124,449103,160
    Profits/losses from selling property and equipment-(6,006)
    Profits/losses from selling financial investments at fair value through OCI19.2(168,162)(195,124)
    Profits/losses from selling investments in associates19.2-(181,560)
    Share based payments372,416316,185
    Operating profits before changes in operating assets and liabilities3,945,64223,674,483
    Net decrease / increase in assets and liabilities
    Due from banks527,549121,695,741
    Derivative financial instruments68,390(142,036)
    Loans and advances to banks and customers(62,957,049)(26,329,852)
    Other assets5,056,2756,045,337
    Due to banks2310,540,2381,734,021
    Due to customers24104,702,94828,224,178
    Current income tax obligations paid(924,119)(948,354)
    Other liabilities(6,132,228)(1,891,062)
    Net cash generated from (used in) operating activities54,827,646152,062,456
    Cash flow from investing activities
    Proceeds from sale of investments in associates-226,698
    Payments for investment in subsidiaries(100,000)(140,000)
    Payments for purchases of property, equipment and branches construction(983,324)(3,193,660)
    Proceeds from selling property and equipment10-6,006
    Proceeds from redemption of financial assets at amortized cost8,104,5352,537,401
    Payments for purchases of financial assets at amortized cost(35,484,752)(23,457,385)
    Payments for purchases of financial assets at fair value through OCI(45,986,599)(29,004,342)
    Proceeds from selling financial assets at fair value through OCI62,163,3176,611,128
    Net cash generated from (used in) investing activities(12,286,823)(46,414,154)
    Condensed Separate Interim Cash Flows for The Period Ended March 31, 2026 (Cont.)
    Mar. 31, 2026Mar. 31, 2025
    Cash flow from financing activities
    Other loans4,059,374(13,765)
    Dividends(8,742,653)(6,552,255)
    Issued debt instruments694,262(22,830)
    Net cash generated from (used in) financing activities(3,989,017)(6,588,850)
    Net increase (decrease) in cash and cash equivalent during the period38,551,80699,059,452
    Beginning balance of cash and cash equivalent141,266,643227,028,744
    Cash and cash equivalent at the end of the period179,818,449326,088,196
    Cash and cash equivalent comprise:
    Cash and balances at the central bank1491,222,85167,709,656
    Due from banks171,624,229314,289,639
    Treasury bills and other governmental notes16129,038,860116,517,989
    Obligatory reserve balance with CBE(70,980,930)(43,718,398)
    Due from banks with maturity more than three months(12,048,530)(14,867,792)
    Treasury bills and other governmental notes with maturity more than three months(129,038,031)(113,842,898)
    Total cash and cash equivalent179,818,449326,088,196
    Condensed Separate Interim Statement of Changes in Shareholders' Equity
    Mar. 31, 2025Issued and paid capitalLegal reserveGeneral reserveGeneral risk reserveSpecial reserveCapital reserveReserve for financial assets at fair value through OCIBanking risks reserveRetained earningsReserve for employee stock ownership planTotal
    Beginning Balance30,431,5806,208,67462,422,7921,549,445-22,818(7,095,741)17,92456,260,4511,868,235151,686,178
    Transferred to reserves-2,771,28418,971,298--2,246--(21,744,828)--
    Dividend paid--------(14,714,434)-(14,714,434)
    Net profit for the period--------16,595,612-16,595,612
    Net change on financial assets at fair value through OCI after tax------2,141,325---2,141,325
    Transferred (from) to banking risk reserve-------(2,628)2,628--
    Effect of ECL on debt instruments measured at fair value through OCI------841,407---841,407
    Cost of employees' stock ownership plan (ESOP)---------316,185316,185
    Ending Balance30,431,5808,979,95881,394,0901,549,445-25,064(4,113,009)15,29636,399,4292,184,420156,866,273
    Mar. 31, 2026Issued and paid capitalLegal reserveGeneral reserveGeneral risk reserveSpecial reserveCapital reserveReserve for financial assets at fair value through OCIBanking risks reserveRetained earningsReserve for employee stock ownership planTotal
    Beginning Balance33,779,3618,979,95879,110,5511,549,44513,145,01225,0642,601,26815,29688,465,2462,343,532230,014,733
    Transferred to reserves-4,089,83230,606,170--13,005--(34,709,007)--
    Dividends paid--------(29,010,270)-(29,010,270)
    Net profit for the period--------17,738,347-17,738,347
    Net change on financial assets at fair value through OCI after tax------(4,612,788)---(4,612,788)
    Transferred (from) to banking risk reserve-------(8,804)8,804--
    Effect of ECL on debt instruments measured at fair value through OCI------(263,772)---(263,772)
    Cost of employees' stock ownership plan (ESOP)---------372,416372,416
    Ending Balance33,779,36113,069,790109,716,7211,549,44513,145,01238,069(2,275,292)6,49242,493,1202,715,948214,238,666
    

 

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