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    Commercial Int Bank - CIB 1H2025 Condensed Separate Financials

    Picture of Commercial International Bank Egypt CIB logoCommercial International Bank Egypt CIB
    22/07/2025 07:00
    RNS Number : 9511R

Commercial Intnl Bank (Egypt) SAE

22 July 2025

 

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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
    NotesJun. 30, 2025Dec. 31, 2024
    Assets
    Cash and balances at the central bank9100,535,373136,165,920
    Due from banks10231,774,988270,089,441
    Loans and advances to banks, net1228,273,4979,555,410
    Loans and advances to customers, net13419,494,572340,955,698
    Derivative financial instruments1,165,796819,711
    Financial investments
    - Financial Assets at Fair Value through OCI14262,186,573233,029,903
    - Financial Assets at Amortized cost14210,324,232167,276,956
    Investments in subsidiaries and associates15853,165871,525
    Non-current assets held for sale29159,828159,828
    Other assets1652,719,25044,175,232
    Deferred tax assets2,558,2532,337,304
    Property and equipment174,577,3313,881,620
    Total assets1,314,622,8581,209,318,548
    Liabilities and equity
    Liabilities
    Due to banks182,975,5042,317,715
    Due to customers191,040,233,344967,895,387
    Derivative financial instruments510,278100,571
    Current income tax liabilities11,373,10718,327,968
    Other liabilities2027,329,33621,347,499
    Issued debt instruments214,948,9645,067,781
    Other loans31,250,58123,962,389
    Other provisions2219,927,60818,613,060
    Total liabilities1,138,548,7221,057,632,370
    Equity
    Issued and paid capital30,708,51030,431,580
    Reserves90,421,70863,125,912
    Reserve for employee stock ownership plan (ESOP)1,734,1771,868,235
    Retained earnings*53,209,74156,260,451
    Total equity and net profit for the period / year176,074,136151,686,178
    Total liabilities and equity1,314,622,8581,209,318,548
    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 Separate Interim Income Statement for the period ended June 30, 2025
    Last 6 MonthsLast 6 Months
    NotesJun. 30, 2025Jun. 30, 2024
    Interest and similar income104,727,07381,420,481
    Interest and similar expense(53,575,810)(39,980,202)
    Net interest income51,151,26341,440,279
    Fee and commission income7,416,9715,905,503
    Fee and commission expense(3,292,751)(2,505,646)
    Net fee and commission income4,124,2203,399,857
    Dividend income99,05276,025
    Net trading income61,241,15817,385,406
    Profits (Losses) on financial investments14.1526,717297,208
    Administrative expenses(7,544,381)(5,568,213)
    Other operating income (expenses)7(3,546,143)(16,410,949)
    Impairment release (charges) for credit losses345,831(2,059,775)
    Profit before income tax46,397,71738,559,838
    Income tax expense26(13,477,682)(11,255,055)
    Deferred tax assets (Liabilities)26489,475378,395
    Net profit for the period33,409,51027,683,178
    Earnings per share8
    Basic9.698.11
    Diluted9.618.04
    0
    Islam ZekryHisham Ezz Al-Arab
    Group CFO & Executive Board MemberCEO & Executive Board Member
    Condensed Separate Interim Statement of Comprehensive Income for the period ended June 30, 2025
    Last 6 MonthsLast 6 Months
    Net profit for the period33,409,51027,683,178
    Transferred to RE from financial assets at fair value through OCI3,586-
    Net change on financial assets at fair value through comprehensive income after tax4,622,5644,073,707
    Effect of ECL on fair value of debt instruments measured at fair value through comprehensive income140,134751,734
    Total comprehensive income for the period38,175,79432,508,619
    Condensed Separate Interim Cash Flows for the period ended June 30, 2025
    NotesJun. 30, 2025Jun. 30, 2024
    Cash flow from operating activities
    Profit before income tax46,397,71738,559,838
    Adjustments to reconcile profits to net cash provided by operating activities
    Fixed assets depreciation17766,315521,764
    Impairment release/charge for credit losses (Loans and advances to customers and banks)(866,683)2,387,134
    Net charged/released for other provisions221,024,484192,741
    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 AC1,489,447(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 cost1,638100,975
    Revaluation differences impairment charge for due from banks(2,820)105
    Net utilized/recovered for other provisions22(1,053)(8,970)
    Exchange revaluation differences of other provisions22291,1173,707,089
    Profits/losses from selling property and equipment(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(181,560)-
    Share based payments653,254533,219
    Operating profits before changes in operating assets and liabilities49,646,43428,080,704
    Net decrease / increase in assets and liabilities
    Due from banks75,949,50436,256,280
    Financial assets at fair value through P&L-(172,728)
    Derivative financial instruments24,358164,384
    Loans and advances to banks and customers(96,438,781)(53,204,190)
    Other assets(5,527,589)(18,799,962)
    Due to banks18657,789(8,429,958)
    Due to customers1972,337,957182,431,141
    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 activities81,644,683159,523,755
    Cash flow from investing activities
    Proceeds from sale of investments in associates339,9207,173
    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 equipment6,0062,184
    Proceeds from redemption of financial assets at amortized cost4,876,5441,240,196
    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 OCI65,110,89647,255,555
    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, 2025Jun. 30, 2024
    Cash flow from financing activities
    Other loans7,288,1927,074,520
    Dividends(14,160,151)(5,078,792)
    Issued debt instruments(118,817)1,709,668
    Capital increase276,930236,570
    Net cash generated from (used in) financing activities(6,713,846)3,941,966
    Net (decrease) increase in cash and cash equivalent during the period1,134,51282,449,695
    Beginning balance of cash and cash equivalent227,028,744233,912,193
    Cash and cash equivalent at the end of the period228,163,256316,361,888
    Cash and cash equivalent comprise:
    Cash and balances at the central bank9100,535,37343,371,479
    Due from banks231,918,739305,020,997
    Treasury bills and other governmental notes11123,491,120118,676,181
    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 equivalent228,163,256316,361,888
    Condensed Separate Interim statement of changes in shareholders' equity
    Issued and paid capitalLegal reserveGeneral reserveGeneral risk reserveCapital reserveReserve for financial assets at fair value through OCIBanking risks reserveRetained earningsReserve for employee stock ownership planTotal
    Jun. 30, 2024
    Beginning Balance at 1 January 202430,195,0104,770,35439,840,7071,549,44521,155(16,808,265)15,23029,230,3601,486,01090,300,006
    Capital increase236,570--------236,570
    Transferred to reserves-1,438,32022,582,085-1,663--(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)--------533,219533,219
    Balance at 30 June 202430,431,5806,208,67462,422,7921,549,44522,818(11,982,824)17,92428,145,4721,396,104118,211,985
    Issued and paid capitalLegal reserveGeneral reserveGeneral risk reserveCapital reserveReserve for financial assets at fair value through OCIBanking risks reserveRetained earningsReserve for employee stock ownership planTotal
    Jun. 30, 2025
    Beginning Balance at 1 January 202530,431,5806,208,67462,422,7921,549,44522,818(7,095,741)17,92456,260,4511,868,235151,686,178
    Capital increase276,930--------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)
    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)--------653,254653,254
    Balance at 30 June 202530,708,5108,979,95882,181,4021,549,44525,064(2,329,457)15,29653,209,7411,734,177176,074,136
    

 

 

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