REG - Commercial Int Bank - CIB 1H2025 Condensed Consolidated Financials
22/07/2025 07:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250722:nRSV9517Ra&default-theme=true
RNS Number : 9517R Commercial Intnl Bank (Egypt) SAE 22 July 2025
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/9517R_1-2025-7-21.pdf (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
Notes Jun. 30, 2025 Dec. 31, 2024
Assets
Cash and balances at the central bank 9 101,492,185 136,531,020
Due from banks 10 231,527,267 270,829,834
Loans and advances to banks, net 12 28,273,497 9,555,410
Loans and advances to customers, net 13 422,167,671 343,542,674
Derivative financial instruments 1,165,796 819,711
Financial investments
- Financial Assets at Fair Value through OCI 14 264,012,452 234,512,167
- Financial Assets at Amortized cost 14 212,046,512 168,118,219
Investments in associates 15 40,187 98,193
Other assets 16 52,870,744 44,282,773
Deferred tax assets 2,840,241 2,685,331
Property and equipment 17 4,659,264 3,997,929
Total assets 1,321,095,816 1,214,973,261
Liabilities and equity
Liabilities
Due to banks 18 2,991,407 2,034,885
Due to customers 19 1,045,325,160 972,595,958
Non-current liabilities held for sale 1,362 1,397
Derivative financial instruments 510,278 100,571
Current income tax liabilities 11,373,107 18,327,968
Other liabilities 20 27,448,737 21,441,169
Issued debt instruments 21 4,948,964 5,067,781
Other loans 31,250,581 23,962,389
Other provisions 22 19,940,641 18,621,822
Total liabilities 1,143,790,237 1,062,153,940
Equity
Issued and paid capital 30,708,510 30,431,580
Reserves 91,005,149 63,544,579
Reserve for employee stock ownership plan (ESOP) 1,734,177 1,868,235
Retained earnings* 53,651,167 56,791,883
Total equity and net profit for the period / year 177,099,003 152,636,277
Non-Controlling Interest 206,576 183,044
Total NCI, equity and net profit for the period / year 177,305,579 152,819,321
Total liabilities and equity 1,321,095,816 1,214,973,261
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 June 30,
2025
Last 6 Months Last 6 Months
Notes Jun. 30, 2025 Jun. 30, 2024
Interest and similar income 105,160,947 81,692,664
Interest and similar expense (53,825,527) (40,155,413)
Net interest income 51,335,420 41,537,251
Fee and commission income 7,444,430 5,914,748
Fee and commission expense (3,294,001) (2,505,646)
Net fee and commission income 4,150,429 3,409,102
Dividend income 39,083 46,101
Net trading income 6 1,247,489 17,390,608
Profits (Losses) on financial investments 14.1 622,565 297,208
Administrative expenses (7,915,569) (5,799,128)
Other operating income (expenses) 7 (3,558,772) (16,423,342)
Impairment release (charges) for credit losses 333,558 (2,052,147)
Bank's share in the profits / losses of associates 5,489 (3,462)
Profit before income tax 46,259,692 38,402,191
Income tax expense 28 (13,462,229) (11,498,510)
Deferred tax assets (Liabilities) 28 549,173 643,621
Net profit for the period 33,346,636 27,547,302
Non-Controlling Interest 946 332
Bank's shareholders 33,345,690 27,546,970
Earnings per share 8
Basic 9.69 8.11
Diluted 9.61 8.04
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 June 30, 2025
Last 6 Months Last 6 Months
Jun. 30, 2025 Jun. 30, 2024
Net profit for the period 33,346,636 27,547,302
Transferred to RE from financial assets at fair value through OCI 3,586 -
Net change on financial assets at fair value through comprehensive income 5,056,845 4,194,501
after tax
Cumulative foreign currencies translation differences (215,827) 877,881
Effect of ECL in fair value of debt instruments measured at fair value through 142,274 751,338
OCI
Total comprehensive income for the period 38,333,514 33,371,022
As follows:
Bank's shareholders 38,250,562 33,370,690
Non-Controlling Interest 82,952 332
Total comprehensive income for the period 38,333,514 33,371,022
Condensed Consolidated Interim Cash flows for the period ended June 30, 2025
Notes Jun. 30, 2025 Jun. 30, 2024
Cash flow from operating activities
Profit before income tax 46,259,692 38,402,191
Adjustments to reconcile profits to net cash provided by operating
activities
Fixed assets depreciation 17 1,199,285 521,764
Impairment release/charge for credit losses (Loans and advances to customers (853,542) 2,383,373
and banks)
Net charged/released for other provisions 22 1,028,755 197,789
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 1,489,447 (18,461,627)
OCI and AC
Revaluation differences impairment charge for Financial Assets at Fair value (92,993) 1,185,435
through OCI
Revaluation differences impairment charge for Financial Assets at Amortized 1,638 100,975
cost
Revaluation differences impairment charge for due from banks (2,865) 1,785
Net utilized/recovered for other provisions 22 (1,053) (13,190)
Exchange revaluation differences of other provisions 22 291,117 3,706,657
Profits/losses from selling property and equipment 7 (6,006) (2,184)
Profits/losses from selling financial investments at fair value through OCI 14.1 (345,157) (297,208)
Profits/losses from selling investments in associates 14.1 (277,408) -
Share based payments 653,254 533,219
Bank's share in the profits / losses of associates (5,489) 3,462
Operating profits before changes in operating assets and liabilities 49,858,659 27,924,042
Net decrease / increase in assets and liabilities
Due from banks 77,313,672 35,579,404
Financial assets at fair value through P&L - (172,728)
Derivative financial instruments 24,358 167,636
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 banks 18 956,522 (8,486,266)
Due to customers 19 72,729,202 184,482,256
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 activities 83,676,148 159,346,047
Cash flow from investing activities
Proceeds from sale of investments in associates 339,920 7,173
Payments for purchases of property, equipment and branches construction (4,828,546) (1,358,880)
Proceeds from selling property and equipment 6,006 2,184
Proceeds from redemption of financial assets at amortized cost 4,937,562 1,440,627
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 OCI 65,127,965 46,444,442
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, 2025 Jun. 30, 2024
Cash flow from financing activities
Other loans 7,288,192 7,074,520
Dividends (14,219,571) (5,116,159)
Issued debt instruments (118,817) 1,709,668
Capital increase 276,930 236,570
Net cash generated from (used in) financing activities (6,773,266) 3,904,599
Net (decrease) increase in cash and cash equivalent during the period 2,099,225 80,759,049
Beginning balance of cash and cash equivalent 226,610,721 234,317,913
Cash and cash equivalent at the end of the period 228,709,946 315,076,962
Cash and cash equivalent comprise:
Cash and balances at the central bank 9 101,492,185 43,581,935
Due from banks 231,671,573 306,029,402
Treasury bills and other governmental notes 11 124,383,524 118,676,181
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 (124,341,953) (117,736,518)
months
Total cash and cash equivalent 228,709,946 315,076,962
Condensed Consolidated Interim statement of changes in shareholders' equity
Jun. 30, 2024 Issued and paid capital Legal reserve General reserve General risk 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 30,195,010 4,770,354 39,840,707 1,550,906 (670,972) 21,155 (16,868,691) 15,230 29,993,331 1,486,010 148,353 90,481,393 160,073 90,641,466
Capital increase 236,570 - - - - - - - - - - 236,570 - 236,570
Transferred to reserves - 1,438,320 22,582,085 - - 1,663 - - (23,398,943) (623,125) - - - -
Net profit for the period - - - - - - - - 27,546,970 - - 27,546,970 332 27,547,302
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 - - - - - - 4,194,501 - - - - 4,194,501 - 4,194,501
fair value through OCI after tax
Transferred (from) to banking risk - - - - - - - 21,718 (21,718) - - - - -
reserve
Effect of ECL in fair value of - - - - - - 751,338 - - - - 751,338 - 751,338
debt instruments measured at fair
value through
OCI
Cost of employees stock ownership - - - - - - - - - 533,219 - 533,219 - 533,219
plan (ESOP)
Cumulative foreign currencies - - - - - - - - - - 877,881 877,881 - 877,881
translation differences
Ending balance 30,431,580 6,208,674 62,422,792 1,550,906 (670,972) 22,818 (11,922,852) 36,948 28,753,211 1,396,104 1,026,234 119,255,443 123,038 119,378,481
Jun. 30, 2025 Issued and paid capital Legal reserve General reserve General risk 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
Capital increase 276,930 - - - - - - - - - - 276,930 - 276,930
Transferred to reserves - 2,771,284 19,758,610 - - 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 - - 33,345,690 946 33,346,636
Transferred to RE from financial - - - - - - 3,586 - (3,586) - - - - -
assets at fair value through OCI
Transferred to general risk - - - 26,186 - - - - (26,186) - - - - -
reserve
Net change on financial assets at - - - - - - 4,974,839 - - - - 4,974,839 82,006 5,056,845
fair value through OCI after tax
Transferred (from) to banking risk - - - - - - - (2,628) 2,628 - - - - -
reserve
Effect of ECL in fair value of - - - - - - 142,274 - - - - 142,274 - 142,274
debt instruments measured at fair
value through
OCI
Cost of employees stock ownership - - - - - - - - - 653,254 - 653,254 - 653,254
plan (ESOP)
Cumulative foreign currencies - - - - - - - - - - (215,827) (215,827) - (215,827)
translation differences
Ending balance 30,708,510 8,979,958 82,181,402 1,577,092 (670,972) 25,064 (2,024,584) 15,296 53,651,167 1,734,177 921,893 177,099,003 206,576 177,305,579
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END IR SESFUFEISEDWRecent news on Commercial International Bank Egypt CIB
See all newsREG - Commercial Int Bank - 2Q25 Earnings Release
AnnouncementREG - Commercial Int Bank - CIB 1H2025 Condensed Separate Financials
AnnouncementREG - Commercial Int Bank - CIB 1H2025 Condensed Consolidated Financials
AnnouncementREG - Majid Al Futtaim Hld - Majid Al Futtaim Holding LLC Board Chairman
AnnouncementREG - Commercial Int Bank - Changes to the Board of Directors
Announcement