REG - Commercial Int Bank - CIB Condensed Consolidated 3rd Quarter Results
04/11/2025 07:00
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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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Notes Sep. 30, 2025 Dec. 31, 2024
Assets
Cash and balances at the central bank 10 21,886,031 136,531,020
Due from banks 11 227,409,917 270,829,834
Loans and advances to banks, net 13 26,914,884 9,555,410
Loans and advances to customers, net 14 455,719,759 343,542,674
Derivative financial instruments 1,222,908 819,711
Financial investments
- Financial Assets at Fair Value through P&L 15 2,203,869 -
- Financial Assets at Fair Value through OCI 15 331,039,059 234,512,167
- Financial Assets at Amortized cost 15 230,685,849 168,118,219
Investments in associates 16 44,485 98,193
Other assets 17 50,063,317 44,282,773
Deferred tax assets 2,855,007 2,685,331
Property and equipment 18 5,533,749 3,997,929
Total assets 1,355,578,834 1,214,973,261
Liabilities and equity
Liabilities
Due to banks 19 7,452,244 2,034,885
Due to customers 20 1,047,463,990 972,595,958
Non-current liabilities held for sale 1,362 1,397
Derivative financial instruments 223,670 100,571
Current income tax liabilities 15,857,818 18,327,968
Other liabilities 21 27,009,254 21,441,169
Issued debt instruments 22 4,779,461 5,067,781
Other loans 30,249,278 23,962,389
Other provisions 23 14,495,239 18,621,822
Total liabilities 1,147,532,316 1,062,153,940
Equity
Issued and paid capital 30,708,510 30,431,580
Reserves 105,653,930 63,544,579
Reserve for employee stock ownership plan (ESOP) 2,071,247 1,868,235
Retained earnings* 69,374,741 56,791,883
Total equity and net profit for the period / year 207,808,428 152,636,277
Non-Controlling Interest 238,090 183,044
Total NCI, equity and net profit for the period / year 208,046,518 152,819,321
Total liabilities and equity 1,355,578,834 1,214,973,261
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 Months Last 9 Months
Notes Sep. 30, 2025 Sep. 30, 2024
Interest and similar income 158,400,209 130,999,623
Interest and similar expense (79,746,672) (65,316,717)
Net interest income 78,653,537 65,682,906
Fee and commission income 11,609,232 9,274,284
Fee and commission expense (5,227,210) (4,049,111)
Net fee and commission income 6,382,022 5,225,173
Dividend income 65,216 70,934
Net trading income 6 1,282,250 18,194,491
Profits (Losses) on financial investments 15.1 694,076 377,992
Administrative expenses (12,432,780) (9,180,646)
Other operating income (expenses) 7 668,432 (17,995,808)
Impairment release (charges) for credit losses 9 7,968,084 (3,745,003)
Bank's share in the profits / losses of associates 9,787 (8,533)
Profit before income tax 83,290,624 58,621,506
Income tax expense 29 (21,842,182) (17,207,903)
Deferred tax assets (Liabilities) 29 651,822 934,295
Net profit for the period 62,100,264 42,347,898
Non-Controlling Interest 569 (45)
Bank's shareholders 62,099,695 42,347,943
Earnings per share 8
Basic 18.54 12.50
Diluted 18.36 12.38
Condensed Consolidated Interim statement of Comprehensive Income for the
period ended September 30, 2025
Last 9 Months Last 9 Months
Sep. 30, 2025 Sep. 30, 2024
Net profit for the period 62,100,264 42,347,898
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 7,306,189 8,272,930
after tax
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 period 68,622,802 51,757,487
As follows:
Bank's shareholders 68,508,336 51,757,532
Non-Controlling Interest 114,466 (45)
Total comprehensive income for the period 68,622,802 51,757,487
Condensed Consolidated Interim Cash flows for the period ended September 30,
2025
Notes Sep. 30, 2025 Sep. 30, 2024
Cash flow from operating activities
Profit before income tax 83,290,624 58,621,506
Adjustments to reconcile profits to net cash provided by operating
activities
Fixed assets depreciation 18 1,680,325 763,079
Impairment release/charge for credit losses (Loans and advances to customers 9 (7,969,627) 4,224,251
and banks)
Net charged/released for other provisions 23 (4,072,083) 430,005
Impairment release/charge for credit losses (due from banks) 9 147,709 829
Impairment release/charge for credit losses (financial investments) 9 (146,166) (480,077)
Impairment release/charge for other assets 105 (11,956)
Exchange revaluation differences for financial assets at fair value through 4,669,694 (18,536,183)
OCI and AC
Revaluation differences impairment charge for Financial Assets at Fair value (224,869) 1,193,810
through OCI
Revaluation differences impairment charge for Financial Assets at Amortized (16,709) 107,207
cost
Revaluation differences impairment charge for due from banks (7,894) 1,308
Net utilized/recovered for other provisions 23 (2,039) (9,196)
Exchange revaluation differences of other provisions 23 (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 OCI 15.1 (416,668) (377,992)
Profits/losses from selling investments in associates 15.1 (277,408) -
Share based payments 990,324 804,345
Bank's share in the profits / losses of associates (9,787) 8,533
Operating profits before changes in operating assets and liabilities 77,575,064 50,699,806
Net decrease / increase in assets and liabilities
Due from banks 159,740,470 (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 banks 19 5,417,359 (8,658,023)
Due to customers 20 74,868,032 223,729,483
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 activities 171,848,559 150,636,336
Cash flow from investing activities
Proceeds from sale of investments in associates 339,920 11,956
Payments for purchases of property, equipment and branches construction (6,216,697) (2,401,070)
Proceeds from selling property and equipment 7 8,006 2,254
Proceeds from redemption of financial assets at amortized cost 21,382,288 1,226,638
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 OCI 98,091,318 55,475,567
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, 2025 Sep. 30, 2024
Cash flow from financing activities
Other loans 6,286,889 7,840,786
Dividends (14,773,854) (5,116,159)
Issued debt instruments (288,320) 1,738,393
Capital increase 276,930 236,570
Net cash generated from (used in) financing activities (8,498,355) 4,699,590
Net (decrease) increase in cash and cash equivalent during the period 1,042,282 81,407,710
Beginning balance of cash and cash equivalent 226,610,721 234,317,913
Cash and cash equivalent at the end of the period 227,653,003 315,725,623
Cash and cash equivalent comprise:
Cash and balances at the central bank 10 21,886,031 94,568,773
Due from banks 227,553,557 305,240,021
Treasury bills and other governmental notes 12 141,529,607 82,174,775
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 (141,247,607) (70,772,106)
months
Total cash and cash equivalent 227,653,003 315,725,623
Condensed Consolidated Interim statement of changes in shareholders' equity
Sep. 30, 2024 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 30,195,010 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 - - - - - - - - - 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 - - - - -
- - - - - - - 8,272,930 - - - - 8,272,930 - 8,272,930
Net change on financial assets at fair value through OCI after tax
- - - - - - - - 21,718 (21,718) - - - - -
Transferred (from) to banking risk reserve
- - - - - - - 623,199 - - - - 623,199 - 623,199
Effect of ECL on debt instruments measured at fair value through OCI
- - - - - - - - - - 804,345 - 804,345 - 804,345
Cost of employees stock ownership plan (ESOP)
- - - - - - - - - - - 883,684 883,684 - 883,684
Cumulative foreign currencies translation differences
Ending balance 30,431,580 6,208,674 62,422,792 1,550,906 - (670,972) 22,818 (8,342,786) 36,948 43,924,408 1,667,230 1,032,037 138,283,635 122,661 138,406,296
Sep. 30, 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
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 - - - - - - - - - 62,099,695 - - 62,099,695 569 62,100,264
- - - - - - - (110,995) - 110,995 - - - - -
Transferred to RE from financial assets at fair value through OCI
- - - - 13,145,012 - - - - (13,145,012) - - - - -
Transferred from net profit to special reserve
- - - 26,186 - - - - - (26,186) - - - - -
Transferred to general risk reserve
- - - - - - - 7,192,292 - - - - 7,192,292 113,897 7,306,189
Net change on financial assets at fair value through OCI after tax
- - - - - - - - (2,628) 2,628 - - - - -
Transferred (from) to banking risk reserve
- - - - - - - (397,890) - - - - (397,890) - (397,890)
Effect of ECL on debt instruments measured at fair value through OCI
- - - - - - - - - - 990,324 - 990,324 - 990,324
Cost of employees stock ownership plan (ESOP)
- - - - - - - - - - - (274,766) (274,766) - (274,766)
Cumulative foreign currencies translation differences
Ending balance 30,708,510 8,979,958 82,181,402 1,577,092 13,145,012 (670,972) 25,064 (461,876) 15,296 69,374,741 2,071,247 862,954 207,808,428 238,090 208,046,518
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