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    Commercial Int Bank - CIB Condensed Consolidated 3rd Quarter Results

    Picture of Commercial International Bank Egypt CIB logoCommercial International Bank Egypt CIB
    04/11/2025 07:00
    RNS Number : 0124G

Commercial Intnl Bank (Egypt) SAE

04 November 2025

 


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

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    http://www.rns-pdf.londonstockexchange.com/rns/0124G_1-2025-11-3.pdf
    NotesSep. 30, 2025Dec. 31, 2024
    Assets
    Cash and balances at the central bank1021,886,031136,531,020
    Due from banks11227,409,917270,829,834
    Loans and advances to banks, net1326,914,8849,555,410
    Loans and advances to customers, net14455,719,759343,542,674
    Derivative financial instruments1,222,908819,711
    Financial investments
    - Financial Assets at Fair Value through P&L152,203,869-
    - Financial Assets at Fair Value through OCI15331,039,059234,512,167
    - Financial Assets at Amortized cost15230,685,849168,118,219
    Investments in associates1644,48598,193
    Other assets1750,063,31744,282,773
    Deferred tax assets2,855,0072,685,331
    Property and equipment185,533,7493,997,929
    Total assets1,355,578,8341,214,973,261
    Liabilities and equity
    Liabilities
    Due to banks197,452,2442,034,885
    Due to customers201,047,463,990972,595,958
    Non-current liabilities held for sale1,3621,397
    Derivative financial instruments223,670100,571
    Current income tax liabilities15,857,81818,327,968
    Other liabilities2127,009,25421,441,169
    Issued debt instruments224,779,4615,067,781
    Other loans30,249,27823,962,389
    Other provisions2314,495,23918,621,822
    Total liabilities1,147,532,3161,062,153,940
    Equity
    Issued and paid capital30,708,51030,431,580
    Reserves105,653,93063,544,579
    Reserve for employee stock ownership plan (ESOP)2,071,2471,868,235
    Retained earnings*69,374,74156,791,883
    Total equity and net profit for the period / year207,808,428152,636,277
    Non-Controlling Interest238,090183,044
    Total NCI, equity and net profit for the period / year208,046,518152,819,321
    Total liabilities and equity1,355,578,8341,214,973,261
    The accompanying notes are an integral part of these financial statements.
    (Review report attached)
    *Including net profit for the period
    

 


    Condensed Consolidated Interim Income Statement for the period ended September 30, 2025
    Last 9 MonthsLast 9 Months
    NotesSep. 30, 2025Sep. 30, 2024
    Interest and similar income158,400,209130,999,623
    Interest and similar expense(79,746,672)(65,316,717)
    Net interest income78,653,53765,682,906
    Fee and commission income11,609,2329,274,284
    Fee and commission expense(5,227,210)(4,049,111)
    Net fee and commission income6,382,0225,225,173
    Dividend income65,21670,934
    Net trading income61,282,25018,194,491
    Profits (Losses) on financial investments15.1694,076377,992
    Administrative expenses(12,432,780)(9,180,646)
    Other operating income (expenses)7668,432(17,995,808)
    Impairment release (charges) for credit losses97,968,084(3,745,003)
    Bank's share in the profits / losses of associates9,787(8,533)
    Profit before income tax83,290,62458,621,506
    Income tax expense29(21,842,182)(17,207,903)
    Deferred tax assets (Liabilities)29651,822934,295
    Net profit for the period62,100,26442,347,898
    Non-Controlling Interest569(45)
    Bank's shareholders62,099,69542,347,943
    Earnings per share8
    Basic18.5412.50
    Diluted18.3612.38
    

 


    Condensed Consolidated Interim statement of Comprehensive Income for the period ended September 30, 2025
    Last 9 MonthsLast 9 Months
    Sep. 30, 2025Sep. 30, 2024
    Net profit for the period62,100,26442,347,898
    Transferred to RE from financial assets at fair value through OCI(110,995)(370,224)
    Net change on financial assets at fair value through comprehensive income after tax7,306,1898,272,930
    Cumulative foreign currencies translation differences(274,766)883,684
    Effect of ECL on debt instruments measured at fair value through OCI(397,890)623,199
    Total comprehensive income for the period68,622,80251,757,487
    As follows:
    Bank's shareholders68,508,33651,757,532
    Non-Controlling Interest114,466(45)
    Total comprehensive income for the period68,622,80251,757,487
    

 

 


    Condensed Consolidated Interim Cash flows for the period ended September 30, 2025
    NotesSep. 30, 2025Sep. 30, 2024
    Cash flow from operating activities
    Profit before income tax83,290,62458,621,506
    Adjustments to reconcile profits to net cash provided by operating activities
    Fixed assets depreciation181,680,325763,079
    Impairment release/charge for credit losses (Loans and advances to customers and banks)9(7,969,627)4,224,251
    Net charged/released for other provisions23(4,072,083)430,005
    Impairment release/charge for credit losses (due from banks)9147,709829
    Impairment release/charge for credit losses (financial investments)9(146,166)(480,077)
    Impairment release/charge for other assets105(11,956)
    Exchange revaluation differences for financial assets at fair value through OCI and AC4,669,694(18,536,183)
    Revaluation differences impairment charge for Financial Assets at Fair value through OCI(224,869)1,193,810
    Revaluation differences impairment charge for Financial Assets at Amortized cost(16,709)107,207
    Revaluation differences impairment charge for due from banks(7,894)1,308
    Net utilized/recovered for other provisions23(2,039)(9,196)
    Exchange revaluation differences of other provisions23(52,461)3,962,591
    Profits/losses from selling property and equipment(8,006)(2,254)
    Profits/losses from selling financial investments at fair value through OCI15.1(416,668)(377,992)
    Profits/losses from selling investments in associates15.1(277,408)-
    Share based payments990,324804,345
    Bank's share in the profits / losses of associates(9,787)8,533
    Operating profits before changes in operating assets and liabilities77,575,06450,699,806
    Net decrease / increase in assets and liabilities
    Due from banks159,740,470(14,547,420)
    Financial assets at fair value through P&L(2,203,869)(2,066,889)
    Derivative financial instruments(306,569)(225,875)
    Loans and advances to banks and customers(121,599,501)(75,774,541)
    Other assets(2,747,423)(14,094,581)
    Due to banks195,417,359(8,658,023)
    Due to customers2074,868,032223,729,483
    Current income tax obligations paid(5,984,364)(2,938,397)
    Non-current liabilities held for sale(35)1,327
    Other liabilities(12,910,605)(5,488,554)
    Net cash generated from (used in) operating activities171,848,559150,636,336
    Cash flow from investing activities
    Proceeds from sale of investments in associates339,92011,956
    Payments for purchases of property, equipment and branches construction(6,216,697)(2,401,070)
    Proceeds from selling property and equipment78,0062,254
    Proceeds from redemption of financial assets at amortized cost21,382,2881,226,638
    Payments for purchases of financial assets at amortized cost(84,177,641)(106,105,142)
    Payments for purchases of financial assets at fair value through OCI(191,735,116)(22,138,419)
    Proceeds from selling financial assets at fair value through OCI98,091,31855,475,567
    Net cash generated from (used in) investing activities(162,307,922)(73,928,216)
    Condensed Consolidated Interim Cash flows for the period ended September 30, 2025 (Cont.)
    Sep. 30, 2025Sep. 30, 2024
    Cash flow from financing activities
    Other loans6,286,8897,840,786
    Dividends(14,773,854)(5,116,159)
    Issued debt instruments(288,320)1,738,393
    Capital increase276,930236,570
    Net cash generated from (used in) financing activities(8,498,355)4,699,590
    Net (decrease) increase in cash and cash equivalent during the period1,042,28281,407,710
    Beginning balance of cash and cash equivalent226,610,721234,317,913
    Cash and cash equivalent at the end of the period227,653,003315,725,623
    Cash and cash equivalent comprise:
    Cash and balances at the central bank1021,886,03194,568,773
    Due from banks227,553,557305,240,021
    Treasury bills and other governmental notes12141,529,60782,174,775
    Obligatory reserve balance with central bank(2,865,828)(76,360,420)
    Due from banks with maturity more than three months(19,202,757)(19,125,420)
    Treasury bills and other governmental notes with maturity more than three months(141,247,607)(70,772,106)
    Total cash and cash equivalent227,653,003315,725,623
    

 


    Condensed Consolidated Interim statement of changes in shareholders' equity
    Sep. 30, 2024Issued and paid capitalLegal reserveGeneral reserveGeneral risk reserveSpecial 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---------42,347,943--42,347,943(45)42,347,898
    Dividends paid---------(5,366,429)--(5,366,429)(37,367)(5,403,796)
    Transferred to RE from financial assets at fair value through OCI-------(370,224)-370,224-----
    Net change on financial assets at fair value through OCI after tax-------8,272,930----8,272,930-8,272,930
    Transferred (from) to banking risk reserve--------21,718(21,718)-----
    Effect of ECL on debt instruments measured at fair value through OCI-------623,199----623,199-623,199
    Cost of employees stock ownership plan (ESOP)----------804,345-804,345-804,345
    Cumulative foreign currencies translation differences-----------883,684883,684-883,684
    Ending balance30,431,5806,208,67462,422,7921,550,906-(670,972)22,818(8,342,786)36,94843,924,4081,667,2301,032,037138,283,635122,661138,406,296
    Sep. 30, 2025Issued and paid capitalLegal reserveGeneral reserveGeneral risk reserveSpecial 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
    30,431,5806,208,67462,422,7921,550,906-(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---------62,099,695--62,099,69556962,100,264
    Transferred to RE from financial assets at fair value through OCI-------(110,995)-110,995-----
    Transferred from net profit to special reserve----13,145,012----(13,145,012)-----
    Transferred to general risk reserve---26,186-----(26,186)-----
    Net change on financial assets at fair value through OCI after tax-------7,192,292----7,192,292113,8977,306,189
    Transferred (from) to banking risk reserve--------(2,628)2,628-----
    Effect of ECL on debt instruments measured at fair value through OCI-------(397,890)----(397,890)-(397,890)
    Cost of employees stock ownership plan (ESOP)----------990,324-990,324-990,324
    Cumulative foreign currencies translation differences-----------(274,766)(274,766)-(274,766)
    Ending balance30,708,5108,979,95882,181,4021,577,09213,145,012(670,972)25,064(461,876)15,29669,374,7412,071,247862,954207,808,428238,090208,046,518
    

 

 

 

 

 

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