REG - Commercial Int Bank - CIB 1H2025 Condensed Separate Financials
22/07/2025 07:00
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RNS Number : 9511R Commercial Intnl Bank (Egypt) SAE 22 July 2025
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Condensed Separate 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 9 100,535,373 136,165,920
Due from banks 10 231,774,988 270,089,441
Loans and advances to banks, net 12 28,273,497 9,555,410
Loans and advances to customers, net 13 419,494,572 340,955,698
Derivative financial instruments 1,165,796 819,711
Financial investments
- Financial Assets at Fair Value through OCI 14 262,186,573 233,029,903
- Financial Assets at Amortized cost 14 210,324,232 167,276,956
Investments in subsidiaries and associates 15 853,165 871,525
Non-current assets held for sale 29 159,828 159,828
Other assets 16 52,719,250 44,175,232
Deferred tax assets 2,558,253 2,337,304
Property and equipment 17 4,577,331 3,881,620
Total assets 1,314,622,858 1,209,318,548
Liabilities and equity
Liabilities
Due to banks 18 2,975,504 2,317,715
Due to customers 19 1,040,233,344 967,895,387
Derivative financial instruments 510,278 100,571
Current income tax liabilities 11,373,107 18,327,968
Other liabilities 20 27,329,336 21,347,499
Issued debt instruments 21 4,948,964 5,067,781
Other loans 31,250,581 23,962,389
Other provisions 22 19,927,608 18,613,060
Total liabilities 1,138,548,722 1,057,632,370
Equity
Issued and paid capital 30,708,510 30,431,580
Reserves 90,421,708 63,125,912
Reserve for employee stock ownership plan (ESOP) 1,734,177 1,868,235
Retained earnings* 53,209,741 56,260,451
Total equity and net profit for the period / year 176,074,136 151,686,178
Total liabilities and equity 1,314,622,858 1,209,318,548
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 Separate 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
100,535,373
136,165,920
Due from banks
10
231,774,988
270,089,441
Loans and advances to banks, net
12
28,273,497
9,555,410
Loans and advances to customers, net
13
419,494,572
340,955,698
Derivative financial instruments
1,165,796
819,711
Financial investments
- Financial Assets at Fair Value through OCI
14
262,186,573
233,029,903
- Financial Assets at Amortized cost
14
210,324,232
167,276,956
Investments in subsidiaries and associates
15
853,165
871,525
Non-current assets held for sale
29
159,828
159,828
Other assets
16
52,719,250
44,175,232
Deferred tax assets
2,558,253
2,337,304
Property and equipment
17
4,577,331
3,881,620
Total assets
1,314,622,858
1,209,318,548
Liabilities and equity
Liabilities
Due to banks
18
2,975,504
2,317,715
Due to customers
19
1,040,233,344
967,895,387
Derivative financial instruments
510,278
100,571
Current income tax liabilities
11,373,107
18,327,968
Other liabilities
20
27,329,336
21,347,499
Issued debt instruments
21
4,948,964
5,067,781
Other loans
31,250,581
23,962,389
Other provisions
22
19,927,608
18,613,060
Total liabilities
1,138,548,722
1,057,632,370
Equity
Issued and paid capital
30,708,510
30,431,580
Reserves
90,421,708
63,125,912
Reserve for employee stock ownership plan (ESOP)
1,734,177
1,868,235
Retained earnings*
53,209,741
56,260,451
Total equity and net profit for the period / year
176,074,136
151,686,178
Total liabilities and equity
1,314,622,858
1,209,318,548
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 Separate 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 104,727,073 81,420,481
Interest and similar expense (53,575,810) (39,980,202)
Net interest income 51,151,263 41,440,279
Fee and commission income 7,416,971 5,905,503
Fee and commission expense (3,292,751) (2,505,646)
Net fee and commission income 4,124,220 3,399,857
Dividend income 99,052 76,025
Net trading income 6 1,241,158 17,385,406
Profits (Losses) on financial investments 14.1 526,717 297,208
Administrative expenses (7,544,381) (5,568,213)
Other operating income (expenses) 7 (3,546,143) (16,410,949)
Impairment release (charges) for credit losses 345,831 (2,059,775)
Profit before income tax 46,397,717 38,559,838
Income tax expense 26 (13,477,682) (11,255,055)
Deferred tax assets (Liabilities) 26 489,475 378,395
Net profit for the period 33,409,510 27,683,178
Earnings per share 8
Basic 9.69 8.11
Diluted 9.61 8.04
0
Islam Zekry Hisham Ezz Al-Arab
Group CFO & Executive Board Member CEO & Executive Board Member
Condensed Separate Interim Statement of Comprehensive Income for the period
ended June 30, 2025
Last 6 Months Last 6 Months
Net profit for the period 33,409,510 27,683,178
Transferred to RE from financial assets at fair value through OCI 3,586 -
Net change on financial assets at fair value through comprehensive income 4,622,564 4,073,707
after tax
Effect of ECL on fair value of debt instruments measured at fair value through 140,134 751,734
comprehensive income
Total comprehensive income for the period 38,175,794 32,508,619
Condensed Separate 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 46,397,717 38,559,838
Adjustments to reconcile profits to net cash provided by operating
activities
Fixed assets depreciation 17 766,315 521,764
Impairment release/charge for credit losses (Loans and advances to customers (866,683) 2,387,134
and banks)
Net charged/released for other provisions 22 1,024,484 192,741
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 1,489,447 (18,461,627)
OCI and AC
Revaluation differences impairment charge for Financial Assets at Fair value (95,111) 1,182,360
through OCI
Revaluation differences impairment charge for Financial Assets at Amortized 1,638 100,975
cost
Revaluation differences impairment charge for due from banks (2,820) 105
Net utilized/recovered for other provisions 22 (1,053) (8,970)
Exchange revaluation differences of other provisions 22 291,117 3,707,089
Profits/losses from selling property and equipment (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 (181,560)
-
Share based payments 653,254 533,219
Operating profits before changes in operating assets and liabilities 49,646,434 28,080,704
Net decrease / increase in assets and liabilities
Due from banks 75,949,504 36,256,280
Financial assets at fair value through P&L (172,728)
-
Derivative financial instruments 24,358 164,384
Loans and advances to banks and customers (96,438,781) (53,204,190)
Other assets (5,527,589) (18,799,962)
Due to banks 18 657,789 (8,429,958)
Due to customers 19 72,337,957 182,431,141
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 activities 81,644,683 159,523,755
Cash flow from investing activities
Proceeds from sale of investments in associates 339,920 7,173
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 equipment 6,006 2,184
Proceeds from redemption of financial assets at amortized cost 4,876,544 1,240,196
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 OCI 65,110,896 47,255,555
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, 2025 Jun. 30, 2024
Cash flow from financing activities
Other loans 7,288,192 7,074,520
Dividends (14,160,151) (5,078,792)
Issued debt instruments (118,817) 1,709,668
Capital increase 276,930 236,570
Net cash generated from (used in) financing activities (6,713,846) 3,941,966
Net (decrease) increase in cash and cash equivalent during the period 1,134,512 82,449,695
Beginning balance of cash and cash equivalent 227,028,744 233,912,193
Cash and cash equivalent at the end of the period 228,163,256 316,361,888
Cash and cash equivalent comprise:
Cash and balances at the central bank 9 100,535,373 43,371,479
Due from banks 231,918,739 305,020,997
Treasury bills and other governmental notes 11 123,491,120 118,676,181
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 (123,449,549) (117,736,518)
months
Total cash and cash equivalent 228,163,256 316,361,888
Condensed Separate Interim statement of changes in shareholders' equity
Issued and paid capital Legal reserve General reserve General risk reserve Capital reserve Reserve for Banking risks reserve Retained earnings Reserve for employee stock ownership plan Total
financial assets at
fair value through
OCI
Jun. 30, 2024
Beginning Balance at 1 January 2024 30,195,010 4,770,354 39,840,707 1,549,445 21,155 (16,808,265) 15,230 29,230,360 1,486,010 90,300,006
Capital increase 236,570 - - - - - - - 236,570
-
Transferred to reserves - 1,438,320 22,582,085 - 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 - - - - - 4,073,707 - - - 4,073,707
through OCI after tax
Transferred (from) to banking risk reserve - - - - - 2,694 (2,694) - -
-
Effect of ECL in fair value of debt instruments - - - - - 751,734 - - - 751,734
measured at fair value through
OCI
Cost of employees stock ownership plan (ESOP) - - - - - - - 533,219 533,219
-
Balance at 30 June 2024 30,431,580 6,208,674 62,422,792 1,549,445 22,818 (11,982,824) 17,924 28,145,472 1,396,104 118,211,985
Issued and paid capital Legal reserve General reserve General risk reserve Capital reserve Reserve for Banking risks reserve Retained earnings Reserve for employee stock ownership plan Total
financial assets at
fair value through
OCI
Jun. 30, 2025
Beginning Balance at 1 January 2025 30,431,580 6,208,674 62,422,792 1,549,445 22,818 (7,095,741) 17,924 56,260,451 1,868,235 151,686,178
Capital increase 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)
-
Net profit for the period - - - - - - 33,409,510 - 33,409,510
-
Transferred to RE from financial assets at fair - - - - - - (3,586) - -
value through OCI 3,586
Net change on financial assets at fair value - - - - - 4,622,564 - - - 4,622,564
through OCI after tax
Transferred (from) to banking risk reserve - - - - - (2,628) 2,628 - -
-
Effect of ECL in fair value of debt instruments - - - - - 140,134 - - - 140,134
measured at fair value through
OCI
Cost of employees stock ownership plan (ESOP) - - - - - - - 653,254 653,254
-
Balance at 30 June 2025 30,708,510 8,979,958 82,181,402 1,549,445 25,064 (2,329,457) 15,296 53,209,741 1,734,177 176,074,136
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