Commercial Int Bank - CIB Consolidated Financial Statements 1Q26

Commercial International Bank Egypt CIB

12/05/2026 10:16

RNS Number : 9499D

Commercial Intnl Bank (Egypt) SAE

12 May 2026

 

http://www.rns-pdf.londonstockexchange.com/rns/9499D_1-2026-5-12.pdf


Condensed Consolidated Interim Statement of Financial Position as at March 31, 2026
Notes
Mar. 31, 2026
Dec. 31, 2025
Assets
Cash and balances at the central bank
14
92,010,988
88,876,452
Due from banks
15
170,847,392
135,236,549
Loans and advances to banks, net
17
55,185,042
34,440,770
Loans and advances to customers, net
18
551,721,003
507,953,766
Derivative financial instruments
515,109
620,349
Financial investments
- Financial Assets at Fair Value through OCI
19.1
375,696,731
376,397,929
- Financial Assets at Amortized cost
19.1
265,712,744
236,672,175
Investments in associates
20
43,710
45,210
Non-current assets held for sale
32
223,223
182,827
Other assets
21
49,309,350
54,040,912
Deferred tax assets
1,366,252
2,545,499
Property and equipment
22
5,636,266
5,481,682
Total assets
1,568,267,810
1,442,494,120
Liabilities and equity
Liabilities
Due to banks
23
14,239,563
3,353,746
Due to customers
24
1,214,998,089
1,110,395,693
Non-current liabilities held for sale
33
56,747
53,860
Derivative financial instruments
81,585
137,802
Current income tax liabilities
5,394,655
20,570,313
Other liabilities
25
60,735,106
25,595,390
Issued debt instruments
26
5,455,820
4,761,558
Other loans
34,530,873
30,471,499
Other provisions
27
16,602,339
15,640,041
Total liabilities
1,352,094,777
1,210,979,902
Equity
Issued and paid capital
33,779,361
33,779,361
Reserves
136,075,330
105,849,176
Reserve for employee stock ownership plan (ESOP)
2,715,948
2,343,532
Retained earnings*
43,574,561
89,514,273
Total equity and net profit for the period / year
216,145,200
231,486,342
Non-Controlling Interest
27,833
27,876
Total NCI, equity and net profit for the period / year
216,173,033
231,514,218
Total liabilities and equity
1,568,267,810
1,442,494,120
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 Consolidated Interim Income Statement for The Period Ended March 31, 2026
Notes
Mar. 31, 2026
Mar. 31, 2025
Interest and similar income
53,305,545
52,535,156
Interest and similar expense
(23,605,965)
(27,139,272)
Net interest income
29,699,580
25,395,884
Fee and commission income
4,444,257
3,522,513
Fee and commission expense
(2,223,172)
(1,587,691)
Net fee and commission income
2,221,085
1,934,822
Dividend income
24,830
12,751
Net trading income
9
433,650
644,549
Profits (losses) on financial investments
19.2
168,162
472,532
Administrative expenses
(5,154,563)
(3,932,425)
Other operating income (expenses)
10
(2,309,125)
(1,742,230)
Release (charges) for ECL
11
481,032
(84,032)
Bank's share in the profits (losses) of associates
(1,500)
(297)
Profit before income tax
25,563,151
22,701,554
Income tax expense
12
(6,366,847)
(6,479,828)
Deferred tax assets (liabilities)
12
(1,374,262)
411,443
Net profit for the period
17,822,042
16,633,169
Non-Controlling Interest
(43)
1,394
Bank's shareholders
17,822,085
16,631,775
Earnings per share
13
Basic
4.65
4.37
Diluted
4.59
4.32
Islam Zekry
Hisham Ezz Al-Arab
Group CFO & Executive Board Member
CEO & Executive Board Member
Condensed Consolidated Interim Statement of Comprehensive Income for The Period Ended March 31, 2026
Mar. 31, 2026
Mar. 31, 2025
Net profit for the period
17,822,042
16,633,169
Net change on financial assets at fair value through comprehensive income after tax
(4,882,327)
2,491,322
Cumulative foreign currencies translation differences
620,726
(169,708)
Effect of ECL on debt instruments measured at fair value through OCI
(263,772)
841,687
Total comprehensive income for the period
13,296,669
19,796,470
As follows:
Bank's shareholders
13,296,712
19,713,070
Non-Controlling Interest
(43)
83,400
Total comprehensive income for the period
13,296,669
19,796,470
Condensed Consolidated Interim Cash Flows for The Period Ended March 31, 2026
Notes
Mar. 31, 2026
Mar. 31, 2025
Cash flow from operating activities
Profit before income tax
25,563,151
22,701,554
Adjustments to reconcile profits to net cash provided by operating activities
Fixed assets depreciation
22
624,779
773,002
Impairment release/charge for credit losses (loans and advances to customers and banks)
11
(278,243)
(1,080,606)
Net charge/release for other provisions
27
990,498
320,589
Impairment release/charge for credit losses (due from banks)
11
7,707
141,071
Impairment release/charge for credit losses (financial investments)
11
(210,496)
1,023,567
Exchange revaluation differences for financial assets at fair value through OCI and AC
(23,784,274)
212,785
Revaluation differences impairment charge for Financial Assets at Fair value through OCI
534,661
(13,267)
Revaluation differences impairment charge for Financial Assets at Amortized cost
51,512
1,240
Revaluation differences impairment charge for due from banks
19,315
(18)
Net utilized/recovered for other provisions
27
(1,152,649)
(520)
Exchange revaluation differences of other provisions
27
1,124,449
103,160
Profits/losses from selling property and equipment
-
(6,006)
Profits/losses from selling financial investments at fair value through OCI
19.2
(168,162)
(195,124)
Profits/losses from selling investments in associates
19.2
-
(277,408)
Share based payments
372,416
316,185
Bank's share in the profits / losses of associates
1,500
297
Operating profits before changes in operating assets and liabilities
3,696,164
24,020,501
Net decrease / increase in assets and liabilities
Due from banks
513,657
123,055,498
Derivative financial instruments
68,390
(142,036)
Loans and advances to banks and customers
(64,233,266)
(26,205,658)
Other assets
5,020,128
6,009,359
Non-current assets held for sale
32
(40,396)
-
Due to banks
23
10,885,817
2,286,117
Due to customers
24
104,602,396
28,021,619
Current income tax obligations paid
(972,192)
(913,966)
Non-current liabilities held for sale
33
2,887
-
Other liabilities
(5,077,488)
(1,886,184)
Net cash generated from (used in) operating activities
54,466,097
154,245,250
Cash flow from investing activities
Proceeds from sale of investments in associates
-
226,698
Payments for purchases of property, equipment and branches construction
(1,067,929)
(3,597,387)
Proceeds from selling property and equipment
10
-
6,006
Proceeds from redemption of financial assets at amortized cost
8,752,045
2,579,713
Payments for purchases of financial assets at amortized cost
(35,471,162)
(23,883,457)
Payments for purchases of financial assets at fair value through OCI
(46,711,306)
(29,279,247)
Proceeds from selling financial assets at fair value through OCI
63,293,572
6,863,626
Net cash generated from (used in) investing activities
(11,204,780)
(47,084,048)
Condensed Consolidated Interim Cash Flows for The Period Ended March 31, 2026 (Cont.)
Mar. 31, 2026
Mar. 31, 2025
Cash flow from financing activities
Other loans
4,059,374
(13,765)
Dividends
(8,742,653)
(6,552,255)
Issued debt instruments
694,262
(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 period
39,272,300
100,572,352
Beginning balance of cash and cash equivalent
140,542,556
226,610,721
Cash and cash equivalent at the end of the period
179,814,856
327,183,073
Cash and cash equivalent comprise:
Cash and balances at the central bank
14
92,010,988
68,810,514
Due from banks
171,007,096
314,450,806
Treasury bills and other governmental notes
16
130,464,385
116,972,976
Obligatory reserve balance with central bank
(71,155,527)
(43,885,546)
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
(130,463,556)
(114,297,885)
Total cash and cash equivalent
179,814,856
327,183,073
Condensed Consolidated Interim Statement of Changes in Shareholders' Equity
Mar. 31, 2025
Issued and paid capital
Legal reserve
General reserve
General risk reserve
Special reserve
Reserve for transactions under common control
Capital reserve
Reserve for financial assets at fair value through OCI
Banking risks reserve
Retained earnings
Reserve for employee stock ownership plan
Cumulative foreign currencies translation differences
Total Shareholders' Equity
Non-Controlling Interest
Total
Beginning balance
30,431,580
6,208,674
62,422,792
1,550,906
-
(670,972)
22,818
(7,145,283)
17,924
56,791,883
1,868,235
1,137,720
152,636,277
183,044
152,819,321
Transferred to reserves
-
2,771,284
18,971,298
-
-
-
2,246
-
-
(21,744,828)
-
-
-
-
-
Net profit for the period
-
-
-
-
-
-
-
-
-
16,631,775
-
-
16,631,775
1,394
16,633,169
Dividends paid
-
-
-
-
-
-
-
-
-
(14,714,434)
-
-
(14,714,434)
-
(14,714,434)
Transferred to general risk reserve
-
-
-
26,186
-
-
-
-
-
(26,186)
-
-
-
-
-
Net change on financial assets at fair value through OCI after tax
-
-
-
-
-
-
-
2,409,316
-
-
-
-
2,409,316
82,006
2,491,322
Transferred (from) to banking risk reserve
-
-
-
-
-
-
-
-
(2,628)
2,628
-
-
-
-
-
Effect of ECL on debt instruments measured at fair value through OCI
-
-
-
-
-
-
-
841,687
-
-
-
-
841,687
-
841,687
Cost of employees' stock ownership plan (ESOP)
-
-
-
-
-
-
-
-
-
-
316,185
-
316,185
-
316,185
Cumulative foreign currencies translation differences
-
-
-
-
-
-
-
-
-
-
-
(169,708)
(169,708)
-
(169,708)
Ending balance
30,431,580
8,979,958
81,394,090
1,577,092
-
(670,972)
25,064
(3,894,280)
15,296
36,940,838
2,184,420
968,012
157,951,098
266,444
158,217,542
Mar. 31, 2026
Issued and paid capital
Legal reserve
General reserve
General risk reserve
Special reserve
Reserve for transactions under common control
Capital reserve
Reserve for financial assets at fair value through OCI
Banking risks reserve
Retained earnings
Reserve for employee stock ownership plan
Cumulative foreign currencies translation differences
Total Shareholders' Equity
Non-Controlling Interest
Total
Beginning balance
33,779,361
8,979,958
79,110,551
1,577,092
13,145,012
(670,972)
25,064
2,825,146
15,296
89,514,273
2,343,532
842,029
231,486,342
27,876
231,514,218
Transferred to reserves
-
4,089,832
30,606,170
-
-
-
13,005
-
-
(34,709,007)
-
-
-
-
-
Dividends paid
-
-
-
-
-
-
-
-
-
(29,010,270)
-
-
(29,010,270)
-
(29,010,270)
Net profit for the period
-
-
-
-
-
-
-
-
-
17,822,085
-
-
17,822,085
(43)
17,822,042
Transferred to general risk reserve
-
-
-
51,324
-
-
-
-
-
(51,324)
-
-
-
-
-
Net change on financial assets at fair value through OCI after tax
-
-
-
-
-
-
-
(4,882,327)
-
-
-
-
(4,882,327)
-
(4,882,327)
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)
-
(263,772)
Cost of employees' stock ownership plan (ESOP)
-
-
-
-
-
-
-
-
-
-
372,416
-
372,416
-
372,416
Cumulative foreign currencies translation differences
-
-
-
-
-
-
-
-
-
-
-
620,726
620,726
-
620,726
Ending balance
33,779,361
13,069,790
109,716,721
1,628,416
13,145,012
(670,972)
38,069
(2,320,953)
6,492
43,574,561
2,715,948
1,462,755
216,145,200
27,833
216,173,033


 

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