REG - Commercial Int Bank - CIB 9M25 Earnings Release

Commercial International Bank Egypt CIBAnnouncement

04/11/2025 07:00

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RNS Number : 0097G  Commercial Intnl Bank (Egypt) SAE  03 November 2025

 

News Release

3 November 2025

COMMERCIAL INTERNATIONAL BANK ("CIB") REPORTS

THIRD-QUARTER 2025 CONSOLIDATED NET INCOME OF EGP 28.8 BILLION, AND
NINE-MONTHS 2025 CONSOLIDATED NET INCOME OF EGP 62.1 BILLION, OR EGP 18.5 PER
SHARE, UP 47% FROM NINE-MONTHS 2024

·    Third-Quarter 2025 Consolidated Financial Results

o  Net income of EGP 28.8 billion, up 94% year-on-year (YoY)

o  Revenues of EGP 28.8 billion, up 13% YoY

o  Return on average equity (ROAE) of 59.8%

o  Return on average assets (ROAA) of 8.59%

o  Efficiency ratio of 15.7%

o  Net interest margin (NIM) 1  of 8.88%

·    Nine-Months 2025 Consolidated Financial Results

o  Net income of EGP 62.1 billion, up 47% YoY

o  Revenues of EGP 83.7 billion, up 16% YoY

o  ROAE of 45.9%

o  ROAA of 6.44%

o  Efficiency ratio of 14.9%

o  NIM1 of 8.92%

·    Balance Sheet Performance

o  Total tier capital recorded EGP 226 billion, or 30.2% of risk-weighted
assets.

o  CBE local currency liquidity ratio of 58.0%, foreign currency liquidity
ratio of 58.4% (comfortably above CBE requirements of 20% and 25%,
respectively)

o  CIB remains well above the 100% requirement in the Basel III NSFR and LCR
ratios.

o  High quality of funding, with customer deposits comprising 91% of total
liabilities.

o  Non-performing loans coverage ratio of 281%.

·    Supporting our Economy

o  Funding to businesses and individuals recorded EGP 519 billion, growing by
30% through nine-months 2025, with real growth of 32% net of the EGP
appreciation impact, with a loan market share of 5.26%(( 2  (#_ftn2) )).

o  Deposits recorded EGP 1.04 trillion, growing by 8% through nine-months
2025, with real growth of 10% net of the EGP appreciation impact, with a
deposit market share of 6.99%(2).

o  Loan-to-Deposit Ratio recorded 49.7% by end of nine-months 2025.

o  In third-quarter 2025, CIB's operations generated EGP 9.33 billion in
corporate, payroll and other taxes.

·    Committed to our Community

o  CIB Foundation funded "Egyptian Clothing Bank" with the first installment
to manufacture and distribute 120 thousand winter training suits to children.

o  CIB Foundation sponsored "Ahl Masr Foundation" for surgeries and
medications of pediatric burn injuries.

o  CIB Foundation supported "Cairo University-Faculty of Dentistry" with the
needed supplies and equipment for pediatrics.

o  CIB Foundation financed "Al-Hassan Foundation for Differently-Abled
Inclusion" to purchase 150 customized wheel chairs and 150 electric chairs for
children.

o  CIB Foundation sponsored "Al-Naas Hospital for Children's Heart" with Al
Joud Foundation to perform 125 open-heart surgeries and 125 catheterizations
for children.

o  CIB Foundation supported "Minia University Hospitals" to equip the
Pediatric Ophthalmology Unit.

 

 

·    Awards & Rankings

o  Global Finance:

§ Best FX Bank in Egypt

§ Best Bank for Sustainable Finance in Emerging Markets

§ Best Bank for Sustainability Transparency

§ Best Private Bank Award

§ Best SME Bank Award

§ Best Trade Finance Award

§ Lifetime Achievement Award

§ Best Bank for Cash Management in Egypt

§ Best Sub-Custodian Bank

o  MEED:

§ Best SME Bank in Egypt

§ Excellence in Supply Chain Financing

§ Best Bank in Egypt

§ Best ESG Strategy

§ Best Sustainable Finance Initiative

§ CEO of the Year

o  Finnovex:

§ Excellence in Digital Banking in North Africa

o  African Banker:

§ Best Regional Bank in North Africa

o  Euromoney:

§ Best Bank in Egypt

§ Best Bank for Sustainable Finance in Egypt

§ Best Digital Bank in Egypt

CAIRO - Commercial International Bank (EGX: COMI) today reported third-quarter
2025 consolidated net income of EGP 28.8 billion, and nine-months 2025
consolidated net income of EGP 62.1 billion, or EGP 18.5 per share, up by 47%
from nine-months 2024.

Management Commented: "As previously highlighted in our earlier Earnings
Releases and investor engagements, and further supported by observed
moderation in macroeconomic conditions, the third quarter of 2025 witnessed
the release of a total provision amounting to EGP 13.1 billion pertaining to
the recalibration of the Bank's Expected Credit Loss (ECL) calculation. The
released provision amount, which reflects the current economic reality and
predictability of monetary policy measures and signals a more moderate
provisioning level, has been transferred to a Special Reserve in Shareholders'
Equity, through the Bank's P&L Statement, hence crediting a before-tax
amount of EGP 13.1 billion to the P&L Statement and to the Provision
Balance on the Statement of Financial Position. It is worth noting, however,
that this amount, as per CBE instructions, is not recognized, neither in the
Bank's Capital Base and Capital Adequacy Ratio (CAR), nor in its Net Profit
Available for Distribution. Upon the said recalibration, Loan Loss Provision
Balance recorded EGP 36.2 billion by end of third-quarter 2025, covering 7.0%
of the Bank's Gross Loan Portfolio, down from 8.9% by end of second-quarter
2025. Additionally, Coverage for Non-Performing Loans (NPLs) by Loan Loss
Provisions recorded 281% by end of third-quarter 2025, down from 338% by end
of the preceding quarter.

Top Line for nine-months 2025 grew by a healthy 16% YoY, despite lower foreign
exchange revenues and interest rates, which posed some downward pressure on
margins, as growth came primarily underpinned by commercial banking
activities. Specifically, the Bank's strategy has been successfully managed to
grow volumes, adding 16% or EGP 147 billion to the Bank's Deposit Base from
last year, with CIB marking the first Egyptian Private-Sector Bank to surpass
EGP 1 trillion in Customer Deposits, securing a Deposit Market Share of 6.99%,
while increasing its healthy share of Current Accounts and Saving Accounts
(CASA) to Total Deposits from 55% last year to 60% this year. Likewise, the
Bank's strategy for loan growth reaped its fruits, as evidenced by CIB growing
its Gross Loan Portfolio by an impressive 47% or EGP 166 billion over last
year, with Corporate Loans growing by 54% or EGP 151 billion, of which around
40% came in CAPEX, and with the Bank's share of lending to
Small-and-Medium-Sized-Enterprises (SMEs) recording 25.4%, to secure the
highest Private-Sector Corporate Loan Market Share of 9.65%. This fed into
strong growth in the sustainable stream of non-interest income, with fee and
commission income growing by 22% YoY. With that, Gross Loan-to-Deposit Ratio
for CIB recorded 49.7% by end of period, up from 39.4% last year, and recorded
52.3% upon further accounting for Securitization Deals, with the local
currency portion reaching a record-high of 66.6%. Backed by the above
carefully-executed strategy, nine-months 2025 Bottom Line recorded EGP 62.1
billion, reflecting into a Return on Average Equity (ROAE) of 45.9%, while
simultaneously maintaining a comfortable Common Equity Tier I (CET1) Capital
Ratio of 26% by end of third-quarter 2025.

Echoing robust financial performance, this quarter came as an explicit
testament to the Bank's stable and sound digital foundation, and a pay-off of
technology spend. The growth in Number of ATM Financial Transactions was 9%
YoY and growth in ATM Cash Volumes recorded 10% YoY in third-quarter 2025
compared to third-quarter 2024. Concurrently, CIB managed to increase its
Volume of Online Banking Digital Platform Transactions by 17% from last year,
to be serving 2.0 million users by end of third-quarter 2025, and to increase
its Value of Transactions by 57% from last year, to reach EGP 3.6 trillion
across all of the Bank's Digital Channels for the nine-months period of 2025.
This period also witnessed a leap in the Credit Card Business for CIB, with
around 50 thousand Credit Cards being issued during third-quarter 2025,
compared to 40 thousand issued in second-quarter 2025, bringing the total
number of Credit Cards issued during the nine-months period of 2025 to over
132 thousand cards."

THIRD-QUARTER 2025 FINANCIAL HIGHLIGHTS

 

REVENUES

Third-quarter 2025 standalone revenues were EGP 28.7 billion, up 13% from
third-quarter 2024. Nine-months 2025 standalone revenues were EGP 83.3
billion, up 16% from nine-months 2024, backed by 20% increase in net interest
income, partially slowed-down by 21% decrease in non-interest income.

NET INTEREST INCOME

Nine-months 2025 standalone net interest income recorded EGP 78.4 billion,
increasing by 20% YoY, generated at 8.92% Total NIM1, with Local Currency NIM1
recording 13.0%, coming 14 basis points (bp) higher YoY, while Foreign
Currency NIM1 recorded 2.60%, decreasing by 96bp YoY.

NON-INTEREST INCOME

Nine-months 2025 standalone non-interest income recorded EGP 4.95 billion,
decreasing by 21% YoY. Trade service fees recorded EGP 2.65 billion, growing
by 2% YoY, with outstanding balance of EGP 297 billion 3 .

OPERATING EXPENSE

Nine-months 2025 standalone operating expense recorded EGP 11.9 billion, up
35% YoY. Cost-to-income reported 14.3%, coming 202bp higher YoY, yet remaining
comfortably below the desirable level of 30%.

LOANS

Gross Loans recorded EGP 519 billion, growing by 30% or EGP 119 billion
Year-to-Date (YtD), with real growth of 32% or EGP 126 billion net of the EGP
appreciation impact, generated by LCY Loan Bookings of 38% or EGP 107 billion,
together with FCY Loans growing by 17% or USD 395 million. CIB's loan market
share reached 5.26% as of June 2025, with private corporate loan market share
recording 9.65% as of May 2025(( 4 )).

DEPOSITS

Deposits recorded EGP 1.04 trillion, growing by 8% or EGP 75.3 billion YtD,
with real growth of 10% or EGP 98.9 billion net of the EGP appreciation
impact, generated by LCY Deposits adding 11% or EGP 61.3 billion, coupled with
FCY Deposits adding 10% or USD 787 million. CIB's deposit market share
recorded 6.99% as of June 2025.

ASSET QUALITY

Standalone non-performing loans represented 2.48% of the gross loan portfolio,
and were covered 281% by the Bank's EGP 36.2 billion loan loss provision
balance. Nine-months 2025 impairment for credit losses recorded a release of
EGP 7.98 billion, compared to a charge of EGP 3.74 billion in nine-months
2024.

 

 

CAPITAL AND LIQUIDITY

Total tier capital recorded EGP 226 billion, or 30.2% of risk-weighted assets
as of September 2025. Tier I capital reached EGP 191 billion, or 85% of total
tier capital. CIB maintained its comfortable liquidity position above CBE
requirements and Basel III guidelines in both local currency and foreign
currency. CBE liquidity ratios remained well above the regulator's
requirements, with local currency liquidity ratio recording 58.0% by end of
September 2025, compared to the regulator's threshold of 20%, and foreign
currency liquidity ratio reaching 58.4%, above the threshold of 25%. NSFR was
210% for local currency and 185% for foreign currency, and LCR was 534% for
local currency and 518% for foreign currency, comfortably above the 100% Basel
III requirement.

KEY METRICS AND BUSINESS UPDATES(( 5 ))

o  #1 private-sector bank in Egypt in terms of revenues, net income,
deposits, loans, and total assets.

INSTITUTIONAL BANKING

o  End-of-period gross loans recorded EGP 416 billion.

o  End-of-period deposits recorded EGP 316 billion.

o  Gross outstanding contingent business reached EGP 305 billion.

BUSINESS BANKING

o  End-of-period gross loans recorded EGP 15 billion.

o  End-of-period deposits recorded EGP 106 billion.

o  Gross outstanding contingent business reached EGP 7.2 billion.

RETAIL INDIVIDUALS BANKING

o  End-of-period gross loans recorded EGP 88 billion.

o  End-of-period deposits recorded EGP 621 billion.

o  CIB continued to expand its network to reach a total of 203 branches and
11 units across Egypt, supported by a network of 1,452 ATMs.

 

 CONSOLIDATED FINANCIAL HIGHLIGHTS

 Income Statement            3Q25           2Q25          QoQ               3Q24          YoY Change        9M25           9M24           YoY Change

                                                          Change
                             EGP million    EGP million   (3Q25 vs. 2Q25)   EGP million   (3Q25 vs. 3Q24)   EGP million    EGP million   (9M25 vs. 9M24)
 Net Interest Income        27,318         25,940         5%               24,146         13%              78,654         65,683         20%
 Non-Interest Income        1,495          1,892          -21%             1,380          8%               5,030          6,283          -20%
 Net Operating Income       28,813         27,832         4%               25,526         13%              83,683         71,965         16%
 Non-Interest Expense       (4,517)        (3,983)        13%              (3,382)        34%              (12,433)       (9,181)        35%
 Total Provisions*          12,735         (291)          NM               (1,925)        NM               12,040         (4,163)        -389%
 Net Profit before Tax      37,031         23,558         57%              20,219         83%              83,291         58,622         42%
 Income Tax                 (8,380)        (6,982)        20%              (5,709)        47%              (21,842)       (17,208)       27%
 Deferred Tax               103            138            -25%             291            -65%             652            934            -30%
 Net Profit for the Period  28,754         16,713         72%              14,801         94%              62,100         42,348         47%
 Non-Controlling Interest   (0.4)          (0.4)          -16%             (0.4)          0%               0.6            (0.0)          NM
 Bank's Shareholders        28,754         16,714         72%              14,801         94%              62,100         42,348         47%

 Financial Indicators        3Q25           2Q25           QoQ              3Q24           YoY Change       9M25           9M24           YoY Change

                                                          Change
                                                          (3Q25 vs. 2Q25)                 (3Q25 vs. 3Q24)                                (9M25 vs. 9M24)
 Profitability
 ROAE                       59.8%          39.9%          50%              46.0%          30%              45.9%          49.4%          -7%
 ROAA                       8.59%          5.17%          66%              5.44%          58%              6.44%          5.78%          12%
 Efficiency
 Cost-to-Income             15.7%          14.3%          10%              13.2%          18%              14.9%          12.8%          16%
 Liquidity
 Gross Loans-to-Deposits    49.9%          47.7%          5%               39.5%          26%              49.9%          39.5%          26%
 Asset Quality
 NPLs-to-Gross Loans        2.52%          2.68%          -6%              4.43%          -43%             2.52%          4.43%          -43%
 Capital Adequacy Ratio     30.2%          28.4%          7%               29.1%          4%               30.2%          29.1%          4%

*Total Provisions include "Impairment release (charges) for credit losses" and
"Release (charges) of other provisions", reported under "Other operating
income (expenses)".

 

 STANDALONE FINANCIAL HIGHLIGHTS

 Income Statement            3Q25           2Q25          QoQ               3Q24          YoY               9M25           9M24           YoY

                                                          Change                          Change                                         Change
                             EGP million    EGP million   (3Q25 vs. 2Q25)   EGP million   (3Q25 vs. 3Q24)   EGP million    EGP million   (9M25 vs. 9M24)
 Net Interest Income        27,207         25,855         5%               24,086         13%              78,358         65,526         20%
 Non-Interest Income        1,478          1,933          -24%             1,369          8%               4,948          6,302          -21%
 Net Operating Income       28,685         27,788         3%               25,455         13%              83,306         71,828         16%
 Non-Interest Expense       (4,336)        (3,795)        14%              (3,227)        34%              (11,880)       (8,795)        35%
 Total Provisions*          12,736         (293)          NM               (1,913)        NM               12,057         (4,158)        NM
 Net Profit before Tax      37,085         23,699         56%              20,315         83%              83,483         58,875         42%
 Income Tax                 (8,390)        (6,963)        20%              (5,709)        47%              (21,868)       (16,964)       29%
 Deferred Tax               103            78             31%              269            -62%             592            647            -8%
 Net Profit for the Period  28,798         16,814         71%              14,874         94%              62,208         42,557         46%

 Financial Indicators        3Q25           2Q25           QoQ              3Q24           YoY              9M25           9M24           YoY

                                                          Change                          Change                                         Change
                                                          (3Q25 vs. 2Q25)                 (3Q25 vs. 3Q24)                                (9M25 vs. 9M24)
 Profitability
 ROAE                       60.2%          40.4%          49%              46.5%          29%              46.3%          49.8%          -7%
 ROAA                       8.65%          5.23%          65%              5.49%          57%              6.48%          5.83%          11%
 NIM**                      8.88%          8.79%          1%               9.46%          -6%              8.92%          9.50%          -6%
 Efficiency
 Cost-to-Income             15.1%          13.7%          11%              12.7%          19%              14.3%          12.2%          16%
 Liquidity
 Gross Loans-to-Deposits    49.7%          47.7%          4%               39.4%          26%              49.7%          39.4%          26%
 Asset Quality
 NPLs-to-Gross Loans        2.48%          2.63%          -6%              4.39%          -44%             2.48%          4.39%          -44%
 Direct Coverage Ratio      281%           338%           -17%             289%           -2%              281%           289%           -2%

*Total Provisions include "Impairment release (charges) for credit losses" and
"Release (charges) of other provisions", reported under "Other operating
income (expenses)".

**NIM based on managerial accounts

 

                                               Consolidated                                       Standalone
 BALANCE SHEET                                 Sep-25         Dec-24         YtD                  Sep-25         Dec-24     YtD

                                                                             Change                                         Change
                                                EGP million    EGP million   (Sep-25 vs. Dec-24)   EGP million    EGP       (Sep-25 vs. Dec-24)

                                                                                                                 million
 Cash and Balances at the Central Bank         21,886         136,531        -84%                 20,917         136,166    -85%
 Due from Banks                                227,410        270,830        -16%                 228,152        270,089    -16%
 Net Loans and Advances                        482,635        353,098        37%                  479,026        350,511    37%
 Derivative Financial Instruments              1,223          820            49%                  1,223          820        49%
 Financial Investments                         563,929        402,630        40%                  560,916        400,307    40%
 Investments in Associates and Subsidiaries    44             98             -55%                 1,255          872        44%
 Other Assets                                  58,452         50,966         15%                  58,003         50,554     15%
 Total Assets                                  1,355,579      1,214,973      12%                  1,349,492      1,209,319  12%
 Due to Banks                                  7,452          2,035          266%                 7,044          2,318      204%
 Customer Deposits                             1,047,464      972,596        8%                   1,043,205      967,895    8%
 Other Liabilities                             92,616         87,523         6%                   92,391         87,419     6%
 Total Liabilities                             1,147,532      1,062,154      8%                   1,142,640      1,057,632  8%
 Shareholders' Equity & Net Profit             207,808        152,636        36%                  206,852        151,686    36%
 Non-Controlling Interest                      238            183            30%                  0              0          NM
 Total Liabilities & Shareholders' Equity      1,355,579      1,214,973      12%                  1,349,492      1,209,319  12%

 

 

 

 1  Based on standalone managerial accounts.

 2  As of June 2025; latest available CBE data at time of publishing.

 3  Net of Collateral, Gross of Provisions.

 4  Latest available CBE data for private corporate loans at time of
publishing

 5  Loan, deposit, and outstanding contingent balances are based on managerial
accounts. Outstanding contingent balances are gross of collateral and
provisions.

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