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    Commercial Int Bank - CIB 1H2025 Condensed Consolidated Financials

    Picture of Commercial International Bank Egypt CIB logoCommercial International Bank Egypt CIB
    22/07/2025 07:00
    RNS Number : 9517R

Commercial Intnl Bank (Egypt) SAE

22 July 2025

 

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http://www.rns-pdf.londonstockexchange.com/rns/9517R_1-2025-7-21.pdf

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

 

 

 


    NotesJun. 30, 2025Dec. 31, 2024
    Assets
    Cash and balances at the central bank9101,492,185136,531,020
    Due from banks10231,527,267270,829,834
    Loans and advances to banks, net1228,273,4979,555,410
    Loans and advances to customers, net13422,167,671343,542,674
    Derivative financial instruments1,165,796819,711
    Financial investments
    - Financial Assets at Fair Value through OCI14264,012,452234,512,167
    - Financial Assets at Amortized cost14212,046,512168,118,219
    Investments in associates1540,18798,193
    Other assets1652,870,74444,282,773
    Deferred tax assets2,840,2412,685,331
    Property and equipment174,659,2643,997,929
    Total assets1,321,095,8161,214,973,261
    Liabilities and equity
    Liabilities
    Due to banks182,991,4072,034,885
    Due to customers191,045,325,160972,595,958
    Non-current liabilities held for sale1,3621,397
    Derivative financial instruments510,278100,571
    Current income tax liabilities11,373,10718,327,968
    Other liabilities2027,448,73721,441,169
    Issued debt instruments214,948,9645,067,781
    Other loans31,250,58123,962,389
    Other provisions2219,940,64118,621,822
    Total liabilities1,143,790,2371,062,153,940
    Equity
    Issued and paid capital30,708,51030,431,580
    Reserves91,005,14963,544,579
    Reserve for employee stock ownership plan (ESOP)1,734,1771,868,235
    Retained earnings*53,651,16756,791,883
    Total equity and net profit for the period / year177,099,003152,636,277
    Non-Controlling Interest206,576183,044
    Total NCI, equity and net profit for the period / year177,305,579152,819,321
    Total liabilities and equity1,321,095,8161,214,973,261
    The accompanying notes are an integral part of these financial statements.
    (Review report attached)
    Including net profit for the period
    Islam ZekryHisham Ezz Al-Arab
    Group CFO & Executive Board MemberCEO & Executive Board Member
    

 

 


    Condensed Consolidated Interim Income Statement for the period ended June 30, 2025
    Last 6 MonthsLast 6 Months
    NotesJun. 30, 2025Jun. 30, 2024
    Interest and similar income105,160,94781,692,664
    Interest and similar expense(53,825,527)(40,155,413)
    Net interest income51,335,42041,537,251
    Fee and commission income7,444,4305,914,748
    Fee and commission expense(3,294,001)(2,505,646)
    Net fee and commission income4,150,4293,409,102
    Dividend income39,08346,101
    Net trading income61,247,48917,390,608
    Profits (Losses) on financial investments14.1622,565297,208
    Administrative expenses(7,915,569)(5,799,128)
    Other operating income (expenses)7(3,558,772)(16,423,342)
    Impairment release (charges) for credit losses333,558(2,052,147)
    Bank's share in the profits / losses of associates5,489(3,462)
    Profit before income tax46,259,69238,402,191
    Income tax expense28(13,462,229)(11,498,510)
    Deferred tax assets (Liabilities)28549,173643,621
    Net profit for the period33,346,63627,547,302
    Non-Controlling Interest946332
    Bank's shareholders33,345,69027,546,970
    Earnings per share8
    Basic9.698.11
    Diluted9.618.04
    Islam ZekryHisham Ezz Al-Arab
    Group CFO & Executive Board MemberCEO & Executive Board Member
    

 


    Condensed Consolidated Interim statement of Comprehensive Income for the period ended June 30, 2025
    Last 6 MonthsLast 6 Months
    Jun. 30, 2025Jun. 30, 2024
    Net profit for the period33,346,63627,547,302
    Transferred to RE from financial assets at fair value through OCI3,586-
    Net change on financial assets at fair value through comprehensive income after tax5,056,8454,194,501
    Cumulative foreign currencies translation differences(215,827)877,881
    Effect of ECL in fair value of debt instruments measured at fair value through OCI142,274751,338
    Total comprehensive income for the period38,333,51433,371,022
    As follows:
    Bank's shareholders38,250,56233,370,690
    Non-Controlling Interest82,952332
    Total comprehensive income for the period38,333,51433,371,022
    

 

 


    Condensed Consolidated Interim Cash flows for the period ended June 30, 2025
    NotesJun. 30, 2025Jun. 30, 2024
    Cash flow from operating activities
    Profit before income tax46,259,69238,402,191
    Adjustments to reconcile profits to net cash provided by operating activities
    Fixed assets depreciation171,199,285521,764
    Impairment release/charge for credit losses (Loans and advances to customers and banks)(853,542)2,383,373
    Net charged/released for other provisions221,028,755197,789
    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 AC1,489,447(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 cost1,638100,975
    Revaluation differences impairment charge for due from banks(2,865)1,785
    Net utilized/recovered for other provisions22(1,053)(13,190)
    Exchange revaluation differences of other provisions22291,1173,706,657
    Profits/losses from selling property and equipment7(6,006)(2,184)
    Profits/losses from selling financial investments at fair value through OCI14.1(345,157)(297,208)
    Profits/losses from selling investments in associates14.1(277,408)-
    Share based payments653,254533,219
    Bank's share in the profits / losses of associates(5,489)3,462
    Operating profits before changes in operating assets and liabilities49,858,65927,924,042
    Net decrease / increase in assets and liabilities
    Due from banks77,313,67235,579,404
    Financial assets at fair value through P&L-(172,728)
    Derivative financial instruments24,358167,636
    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 banks18956,522(8,486,266)
    Due to customers1972,729,202184,482,256
    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 activities83,676,148159,346,047
    Cash flow from investing activities
    Proceeds from sale of investments in associates339,9207,173
    Payments for purchases of property, equipment and branches construction(4,828,546)(1,358,880)
    Proceeds from selling property and equipment6,0062,184
    Proceeds from redemption of financial assets at amortized cost4,937,5621,440,627
    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 OCI65,127,96546,444,442
    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, 2025Jun. 30, 2024
    Cash flow from financing activities
    Other loans7,288,1927,074,520
    Dividends(14,219,571)(5,116,159)
    Issued debt instruments(118,817)1,709,668
    Capital increase276,930236,570
    Net cash generated from (used in) financing activities(6,773,266)3,904,599
    Net (decrease) increase in cash and cash equivalent during the period2,099,22580,759,049
    Beginning balance of cash and cash equivalent226,610,721234,317,913
    Cash and cash equivalent at the end of the period228,709,946315,076,962
    Cash and cash equivalent comprise:
    Cash and balances at the central bank9101,492,18543,581,935
    Due from banks231,671,573306,029,402
    Treasury bills and other governmental notes11124,383,524118,676,181
    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 equivalent228,709,946315,076,962
    

 


    Condensed Consolidated Interim statement of changes in shareholders' equity
    

 


    Jun. 30, 2024Issued and paid capitalLegal reserveGeneral reserveGeneral risk reserveReserve for transactions under common controlCapital reserveReserve for financial assets at fair value through OCIBanking risks reserveRetained earningsReserve for employee stock ownership planCumulative foreign currencies translation differencesTotal Shareholders' EquityNon-Controlling InterestTotal
    Beginning balance30,195,0104,770,35439,840,7071,550,906(670,972)21,155(16,868,691)15,23029,993,3311,486,010148,35390,481,393160,07390,641,466
    Capital increase236,570----------236,570-236,570
    Transferred to reserves-1,438,32022,582,085--1,663--(23,398,943)(623,125)----
    Net profit for the period--------27,546,970--27,546,97033227,547,302
    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----------877,881877,881-877,881
    Ending balance30,431,5806,208,67462,422,7921,550,906(670,972)22,818(11,922,852)36,94828,753,2111,396,1041,026,234119,255,443123,038119,378,481
    

 

 


    Jun. 30, 2025Issued and paid capitalLegal reserveGeneral reserveGeneral risk reserveReserve for transactions under common controlCapital reserveReserve for financial assets at fair value through OCIBanking risks reserveRetained earningsReserve for employee stock ownership planCumulative foreign currencies translation differencesTotal Shareholders' EquityNon-Controlling InterestTotal
    Beginning balance30,431,5806,208,67462,422,7921,550,906(670,972)22,818(7,145,283)17,92456,791,8831,868,2351,137,720152,636,277183,044152,819,321
    Capital increase276,930----------276,930-276,930
    Transferred to reserves-2,771,28419,758,610--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--33,345,69094633,346,636
    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----4,974,83982,0065,056,845
    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 balance30,708,5108,979,95882,181,4021,577,092(670,972)25,064(2,024,584)15,29653,651,1671,734,177921,893177,099,003206,576177,305,579
    

 

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