REG - Commercial Int Bank - Separate- Q12025
13/05/2025 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:20250513:nRSM4195Ia&default-theme=true
RNS Number : 4195I Commercial Intnl Bank (Egypt) SAE 13 May 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/4195I_1-2025-5-13.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/4195I_1-2025-5-13.pdf)
Commercial International Bank (Egypt) S.A.E.
Separate Financial Statements
March 31, 2025
0
Notes Mar. 31, 2025
Dec. 31, 2024
Assets
Cash and balances at the central bank
9 67,709,656
136,165,920
Due from banks
10 314,144,761
270,089,441
Loans and advances to banks, net
12 16,109,873
9,555,410
Loans and advances to customers, net
13 361,830,507
340,955,698
Derivative financial instruments
930,893
819,711
Financial investments
-Financial Assets at Fair Value through OCI
14 259,396,282
233,029,903
-Financial Assets at Amortized cost
14 188,018,472
167,276,956
Investments in subsidiaries and associates
15 853,165
871,525
Non-current assets held for sale
28 159,828
159,828
Other assets
16 40,366,933
44,175,232
Deferred tax assets
2,536,325
2,337,304
Property and equipment
17 4,597,989
3,881,620
Total assets
1,256,654,684
1,209,318,548
Liabilities and equity
Liabilities
Due to banks
18 4,051,736
2,317,715
Due to customers
19 996,119,565
967,895,387
Derivative financial instruments
78,314
100,571
Current income tax liabilities
5,565,862
18,327,968
Other liabilities
20 45,946,585
21,347,499
Issued debt instruments
21 5,044,951
5,067,781
Other loans
23,948,624
23,962,389
Other provisions
22 19,032,774
18,613,060
Total liabilities
1,099,788,411
1,057,632,370
Equity
Issued and paid capital
30,431,580
30,431,580
Reserves
87,850,844
63,125,912
Reserve for employee stock ownership plan (ESOP)
2,184,420
1,868,235
Retained earnings*
36,399,429
56,260,451
Total equity and net profit for the period / year
156,866,273
151,686,178
Total liabilities and equity
1,256,654,684
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
March 31,
2025
Last 9 Months Last 9 Months
Notes Mar. 31, 2025
Mar. 31, 2024
Interest and similar income
52,299,641 36,544,341
Interest and similar expense
(27,003,143) (17,784,185)
Net interest income
25,296,498 18,760,156
Fee and commission income
3,510,324 2,684,283
Fee and commission expense
(1,586,144) (1,118,950)
Net fee and commission income
1,924,180 1,565,333
Dividend income
12,751 610
Net trading income 6
641,395 16,202,679
Profits (Losses) on financial investments 14.1
376,684 224,271
Administrative expenses
(3,748,977) (2,840,462)
Other operating income (expenses) 7
(1,735,421) (14,923,188)
Impairment release (charges) for credit losses
(68,528) (1,482,187)
Profit before income tax
22,698,582 17,507,212
Income tax expense 26
(6,514,216) (5,722,492)
Deferred tax assets (Liabilities) 26
411,246 161,877
Net profit for the period
16,595,612 11,946,597
Earnings per share 8
Basic
4.83 3.47
Diluted
4.79 3.45
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
Last 9 Months Last
9 Months
ended March 31, 2025
Mar. 31, 2025
Mar. 31, 2024
Net profit for the period
16,595,612
11,946,597
Net change on financial assets at fair value through
comprehensive income
2,141,325
1,977,715
after tax
Effect of ECL on fair value of debt instruments measured at fair
value through
841,407
745,406
comprehensive income
Total comprehensive income for the period
19,578,344
14,669,718
Condensed Separate Interim Cash Flows for the period ended March
31, 2025
Notes Mar. 31, 2025 Mar. 31, 2024
Cash flow from operating activities
Profit before income tax
22,698,582 17,507,212
Adjustments to reconcile profits to net cash provided by
operating
activities
Fixed assets depreciation
17 353,476 261,427
Impairment release/charge for credit losses (Loans and advances
to customers (1,099,420) 1,772,387
and banks)
Other provisions release/charge
22 317,074 40,759
Impairment release/charge for credit losses (due from banks)
144,661 (53)
Impairment release/charge for credit losses (financial
investments) 1,023,287 (290,147)
Impairment release/charge for other assets
- (4,782)
Exchange revaluation differences for financial assets at fair
value through 212,785 (17,328,576)
OCI and AC
Revaluation differences impairment charge for Financial Assets
at Fair value (13,337) 1,130,412
through OCI
Revaluation differences impairment charge for Financial Assets
at Amortized 1,240 95,225
cost
Revaluation differences impairment charge for due from banks
- 101
Net utilized / recovered of other provisions
22 (520) (4,517)
Exchange revaluation differences of other provisions
22 103,160 3,574,794
Profits/losses from selling property and equipment
(6,006) -
Profits/losses from selling financial investments at fair value
through OCI 14.1 (195,124) (224,271)
Profits/losses from selling investments in associates
14.1 (181,560) -
Share based payments
316,185 300,000
Operating profits before changes in operating assets and
liabilities 23,674,483 6,829,971
Net decrease / increase in assets and liabilities
Due from banks
121,695,741 42,289,034
Financial assets at fair value through P&L
- (974,297)
Derivative financial instruments
(142,036) 154,638
Loans and advances to banks and customers
(26,329,852) (36,747,889)
Other assets
6,045,337 (5,850,432)
Due to banks
18 1,734,021 (6,855,319)
Due to customers
19 28,224,178 117,099,122
Current income tax obligations paid
(948,354) (276,723)
Other liabilities
5,716,835 1,851,912
Net cash generated from (used in) operating activities
159,670,353 117,520,017
Cash flow from investing activities
Proceeds from sale of investments in associates
226,698 4,782
Payments for investment in subsidiaries
(140,000) -
Payments for purchases of property, equipment and branches
construction (3,193,660) (366,618)
Proceeds from selling property and equipment
6,006 -
Proceeds from redemption of financial assets at amortized cost
2,537,401 285,507
Payments for purchases of financial assets at amortized cost
(23,457,385) (53,240,480)
Payments for purchases of financial assets at fair value through
OCI (29,004,342) (26,284,875)
Proceeds from selling financial assets at fair value through OCI
6,057,967 26,380,625
Net cash generated from (used in) investing activities
(46,967,315) (53,221,059)
Mar. 31, 2025 Mar. 31, 2024
Cash flow from financing activities
Other loans
(13,765) 6,700,881
Dividends paid
(14,160,152) (5,078,792)
Issued debt instruments
(22,830) 1,626,167
Net cash generated from (used in) financing activities
(14,196,747) 3,248,256
Net (decrease) increase in cash and cash equivalent during the
period 98,506,291 67,547,214
Beginning balance of cash and cash equivalent
227,028,744 233,912,193
Cash and cash equivalent at the end of the period
325,535,035 301,459,407
Cash and cash equivalent comprise:
Cash and balances at the central bank
9 67,709,656 36,542,863
Due from banks
314,289,639 291,980,200
Treasury bills and other governmental notes
11 115,964,828 119,754,167
Obligatory reserve balance with CBE
(43,718,398) (19,383,018)
Due from banks with maturity more than three months
(14,867,792) (7,554,480)
Treasury bills and other governmental notes with maturity more
than three (113,842,898) (119,880,325)
months
Total cash and cash equivalent
325,535,035 301,459,407
Condensed Separate Interim statement of changes in
shareholders' equity
Issued and paid capital
Legal reserve General reserve
General risk reserve
Capital reserve Reserve for financial
assets at fair value through OCI Banking risks reserve
Retained earnings Reserve for
employee stock ownership plan Total
Mar. 31, 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
Transferred to reserves
-
1,438,320 21,958,960
-
1,663 -
-
(23,398,943)
-
-
Dividend paid
-
- -
-
- -
-
(5,366,429)
-
(5,366,429)
Net profit for the period
-
- -
-
- -
-
11,946,597
-
11,946,597
Net change on financial assets at fair value through OCI after
tax -
- -
-
- 1,977,715
-
-
-
1,977,715
Transferred (from) to banking risk reserve
-
- -
-
- -
2,694
(2,694)
-
-
Effect of ECL in fair value of debt instruments measured at fair
value through -
- -
-
- 745,406
-
-
-
745,406
OCI
Cost of employees stock ownership plan (ESOP)
-
- -
-
- -
-
- 300,000
300,000
Balance at 31 March 2024
30,195,010
6,208,674 61,799,667
1,549,445
22,818 (14,085,144)
17,924
12,408,891 1,786,010
99,903,295
Issued and paid capital
Legal reserve General reserve
General risk reserve
Capital reserve Reserve for financial
assets at fair value through OCI Banking risks reserve
Retained earnings Reserve for
employee stock ownership plan Total
Mar. 31, 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
Transferred to reserves
-
2,771,284 18,971,298
-
2,246 -
-
(21,744,828)
-
-
Dividends paid
-
- -
-
- -
-
(14,714,434)
-
(14,714,434)
Net profit for the period
-
- -
-
- -
-
16,595,612
-
16,595,612
Net change on financial assets at fair value through OCI after
tax -
- -
-
- 2,141,325
-
-
-
2,141,325
Transferred (from) to banking risk reserve
-
- -
-
- -
(2,628)
2,628
-
-
Effect of ECL in fair value of debt instruments measured at fair
value through -
- -
-
- 841,407
-
-
-
841,407
OCI
Cost of employees stock ownership plan (ESOP)
-
- -
-
- -
-
- 316,185
316,185
Balance at 31 March 2025
30,431,580
8,979,958 81,394,090
1,549,445
25,064 (4,113,009)
15,296
36,399,429 2,184,420
156,866,273
Condensed Separate Interim Income Statement for the period
ended March 31,
2025
Last 9 Months Last 9 Months
Notes Mar. 31, 2025
Mar. 31, 2024
Interest and similar income
52,299,641 36,544,341
Interest and similar expense
(27,003,143) (17,784,185)
Net interest income
25,296,498 18,760,156
Fee and commission income
3,510,324 2,684,283
Fee and commission expense
(1,586,144) (1,118,950)
Net fee and commission income
1,924,180 1,565,333
Dividend income
12,751 610
Net trading income 6
641,395 16,202,679
Profits (Losses) on financial investments 14.1
376,684 224,271
Administrative expenses
(3,748,977) (2,840,462)
Other operating income (expenses) 7
(1,735,421) (14,923,188)
Impairment release (charges) for credit losses
(68,528) (1,482,187)
Profit before income tax
22,698,582 17,507,212
Income tax expense 26
(6,514,216) (5,722,492)
Deferred tax assets (Liabilities) 26
411,246 161,877
Net profit for the period
16,595,612 11,946,597
Earnings per share 8
Basic
4.83 3.47
Diluted
4.79 3.45
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 March 31, 2025
Last 9 Months
Last 9 Months
Mar. 31, 2025
Mar. 31, 2024
Net profit for the period
16,595,612
11,946,597
Net change on financial assets at fair value through
comprehensive income
after tax
2,141,325
1,977,715
Effect of ECL on fair value of debt instruments measured at fair
value through
comprehensive income
841,407
745,406
Total comprehensive income for the period
19,578,344
14,669,718
Condensed Separate Interim Cash Flows for the period ended March
31, 2025
Notes Mar. 31, 2025 Mar. 31, 2024
Cash flow from operating activities
Profit before income tax
22,698,582 17,507,212
Adjustments to reconcile profits to net cash provided by
operating
activities
Fixed assets depreciation
17 353,476 261,427
Impairment release/charge for credit losses (Loans and advances
to customers (1,099,420) 1,772,387
and banks)
Other provisions release/charge
22 317,074 40,759
Impairment release/charge for credit losses (due from banks)
144,661 (53)
Impairment release/charge for credit losses (financial
investments) 1,023,287 (290,147)
Impairment release/charge for other assets
- (4,782)
Exchange revaluation differences for financial assets at fair
value through 212,785 (17,328,576)
OCI and AC
Revaluation differences impairment charge for Financial Assets
at Fair value (13,337) 1,130,412
through OCI
Revaluation differences impairment charge for Financial Assets
at Amortized 1,240 95,225
cost
Revaluation differences impairment charge for due from banks
- 101
Net utilized / recovered of other provisions
22 (520) (4,517)
Exchange revaluation differences of other provisions
22 103,160 3,574,794
Profits/losses from selling property and equipment
(6,006) -
Profits/losses from selling financial investments at fair value
through OCI 14.1 (195,124) (224,271)
Profits/losses from selling investments in associates
14.1 (181,560) -
Share based payments
316,185 300,000
Operating profits before changes in operating assets and
liabilities 23,674,483 6,829,971
Net decrease / increase in assets and liabilities
Due from banks
121,695,741 42,289,034
Financial assets at fair value through P&L
- (974,297)
Derivative financial instruments
(142,036) 154,638
Loans and advances to banks and customers
(26,329,852) (36,747,889)
Other assets
6,045,337 (5,850,432)
Due to banks
18 1,734,021 (6,855,319)
Due to customers
19 28,224,178 117,099,122
Current income tax obligations paid
(948,354) (276,723)
Other liabilities
5,716,835 1,851,912
Net cash generated from (used in) operating activities
159,670,353 117,520,017
Cash flow from investing activities
Proceeds from sale of investments in associates
226,698 4,782
Payments for investment in subsidiaries
(140,000) -
Payments for purchases of property, equipment and branches
construction (3,193,660) (366,618)
Proceeds from selling property and equipment
6,006 -
Proceeds from redemption of financial assets at amortized cost
2,537,401 285,507
Payments for purchases of financial assets at amortized cost
(23,457,385) (53,240,480)
Payments for purchases of financial assets at fair value through
OCI (29,004,342) (26,284,875)
Proceeds from selling financial assets at fair value through OCI
6,057,967 26,380,625
Net cash generated from (used in) investing activities
(46,967,315) (53,221,059)
Mar. 31, 2025 Mar. 31, 2024
Cash flow from financing activities
Other loans
(13,765) 6,700,881
Dividends paid
(14,160,152) (5,078,792)
Issued debt instruments
(22,830) 1,626,167
Net cash generated from (used in) financing activities
(14,196,747) 3,248,256
Net (decrease) increase in cash and cash equivalent during the
period 98,506,291 67,547,214
Beginning balance of cash and cash equivalent
227,028,744 233,912,193
Cash and cash equivalent at the end of the period
325,535,035 301,459,407
Cash and cash equivalent comprise:
Cash and balances at the central bank
9 67,709,656 36,542,863
Due from banks
314,289,639 291,980,200
Treasury bills and other governmental notes
11 115,964,828 119,754,167
Obligatory reserve balance with CBE
(43,718,398) (19,383,018)
Due from banks with maturity more than three months
(14,867,792) (7,554,480)
Treasury bills and other governmental notes with maturity more
than three (113,842,898) (119,880,325)
months
Total cash and cash equivalent
325,535,035 301,459,407
Condensed Separate Interim statement of changes in
shareholders' equity
Issued and paid capital
Legal reserve General reserve
General risk reserve
Capital reserve Reserve for financial
assets at fair value through OCI Banking risks reserve
Retained earnings Reserve for
employee stock ownership plan Total
Mar. 31, 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
Transferred to reserves
-
1,438,320 21,958,960
-
1,663 -
-
(23,398,943)
-
-
Dividend paid
-
- -
-
- -
-
(5,366,429)
-
(5,366,429)
Net profit for the period
-
- -
-
- -
-
11,946,597
-
11,946,597
Net change on financial assets at fair value through OCI after
tax -
- -
-
- 1,977,715
-
-
-
1,977,715
Transferred (from) to banking risk reserve
-
- -
-
- -
2,694
(2,694)
-
-
Effect of ECL in fair value of debt instruments measured at fair
value through -
- -
-
- 745,406
-
-
-
745,406
OCI
Cost of employees stock ownership plan (ESOP)
-
- -
-
- -
-
- 300,000
300,000
Balance at 31 March 2024
30,195,010
6,208,674 61,799,667
1,549,445
22,818 (14,085,144)
17,924
12,408,891 1,786,010
99,903,295
Issued and paid capital
Legal reserve General reserve
General risk reserve
Capital reserve Reserve for financial
assets at fair value through OCI Banking risks reserve
Retained earnings Reserve for
employee stock ownership plan Total
Mar. 31, 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
Transferred to reserves
-
2,771,284 18,971,298
-
2,246 -
-
(21,744,828)
-
-
Dividends paid
-
- -
-
- -
-
(14,714,434)
-
(14,714,434)
Net profit for the period
-
- -
-
- -
-
16,595,612
-
16,595,612
Net change on financial assets at fair value through OCI after
tax -
- -
-
- 2,141,325
-
-
-
2,141,325
Transferred (from) to banking risk reserve
-
- -
-
- -
(2,628)
2,628
-
-
Effect of ECL in fair value of debt instruments measured at fair
value through -
- -
-
- 841,407
-
-
-
841,407
OCI
Cost of employees stock ownership plan (ESOP)
-
- -
-
- -
-
- 316,185
316,185
Balance at 31 March 2025
30,431,580
8,979,958 81,394,090
1,549,445
25,064 (4,113,009)
15,296
36,399,429 2,184,420
156,866,273
Condensed Separate Interim Income Statement for the period
ended March 31,
2025
Last 9 Months Last 9 Months
Notes Mar. 31, 2025
Mar. 31, 2024
Interest and similar income
52,299,641 36,544,341
Interest and similar expense
(27,003,143) (17,784,185)
Net interest income
25,296,498 18,760,156
Fee and commission income
3,510,324 2,684,283
Fee and commission expense
(1,586,144) (1,118,950)
Net fee and commission income
1,924,180 1,565,333
Dividend income
12,751 610
Net trading income 6
641,395 16,202,679
Profits (Losses) on financial investments 14.1
376,684 224,271
Administrative expenses
(3,748,977) (2,840,462)
Other operating income (expenses) 7
(1,735,421) (14,923,188)
Impairment release (charges) for credit losses
(68,528) (1,482,187)
Profit before income tax
22,698,582 17,507,212
Income tax expense 26
(6,514,216) (5,722,492)
Deferred tax assets (Liabilities) 26
411,246 161,877
Net profit for the period
16,595,612 11,946,597
Earnings per share 8
Basic
4.83 3.47
Diluted
4.79 3.45
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 March 31, 2025
Last 9 Months
Last 9 Months
Mar. 31, 2025
Mar. 31, 2024
Net profit for the period
16,595,612
11,946,597
Net change on financial assets at fair value through
comprehensive income
after tax
2,141,325
1,977,715
Effect of ECL on fair value of debt instruments measured at fair
value through
comprehensive income
841,407
745,406
Total comprehensive income for the period
19,578,344
14,669,718
Condensed Separate Interim Cash Flows for the period ended March
31, 2025
Notes Mar. 31, 2025
Mar. 31, 2024
Cash flow from operating activities
Profit before income tax
22,698,582 17,507,212
Adjustments to reconcile profits to net cash provided by
operating
activities
Fixed assets depreciation
17 353,476 261,427
Impairment release/charge for credit losses (Loans and advances
to customers (1,099,420) 1,772,387
and banks)
Other provisions release/charge
22 317,074 40,759
Impairment release/charge for credit losses (due from banks)
144,661 (53)
Impairment release/charge for credit losses (financial
investments) 1,023,287 (290,147)
Impairment release/charge for other assets
- (4,782)
Exchange revaluation differences for financial assets at fair
value through 212,785 (17,328,576)
OCI and AC
Revaluation differences impairment charge for Financial Assets
at Fair value (13,337) 1,130,412
through OCI
Revaluation differences impairment charge for Financial Assets
at Amortized 1,240 95,225
cost
Revaluation differences impairment charge for due from banks
- 101
Net utilized / recovered of other provisions
22 (520) (4,517)
Exchange revaluation differences of other provisions
22 103,160 3,574,794
Profits/losses from selling property and equipment
(6,006) -
Profits/losses from selling financial investments at fair value
through OCI 14.1 (195,124) (224,271)
Profits/losses from selling investments in associates
14.1 (181,560) -
Share based payments
316,185 300,000
Operating profits before changes in operating assets and
liabilities 23,674,483 6,829,971
Net decrease / increase in assets and liabilities
Due from banks
121,695,741 42,289,034
Financial assets at fair value through P&L
- (974,297)
Derivative financial instruments
(142,036) 154,638
Loans and advances to banks and customers
(26,329,852) (36,747,889)
Other assets
6,045,337 (5,850,432)
Due to banks
18 1,734,021 (6,855,319)
Due to customers
19 28,224,178 117,099,122
Current income tax obligations paid
(948,354) (276,723)
Other liabilities
5,716,835 1,851,912
Net cash generated from (used in) operating activities
159,670,353 117,520,017
Cash flow from investing activities
Proceeds from sale of investments in associates
226,698 4,782
Payments for investment in subsidiaries
(140,000) -
Payments for purchases of property, equipment and branches
construction (3,193,660) (366,618)
Proceeds from selling property and equipment
6,006 -
Proceeds from redemption of financial assets at amortized cost
2,537,401 285,507
Payments for purchases of financial assets at amortized cost
(23,457,385) (53,240,480)
Payments for purchases of financial assets at fair value through
OCI (29,004,342) (26,284,875)
Proceeds from selling financial assets at fair value through OCI
6,057,967 26,380,625
Net cash generated from (used in) investing activities
(46,967,315) (53,221,059)
Mar. 31, 2025 Mar.
31, 2024
Cash flow from financing activities
Other loans
(13,765) 6,700,881
Dividends paid
(14,160,152) (5,078,792)
Issued debt instruments
(22,830) 1,626,167
Net cash generated from (used in) financing activities
(14,196,747) 3,248,256
Net (decrease) increase in cash and cash equivalent during the
period 98,506,291 67,547,214
Beginning balance of cash and cash equivalent
227,028,744 233,912,193
Cash and cash equivalent at the end of the period
325,535,035 301,459,407
Cash and cash equivalent comprise:
Cash and balances at the central bank
9 67,709,656 36,542,863
Due from banks
314,289,639 291,980,200
Treasury bills and other governmental notes
11 115,964,828 119,754,167
Obligatory reserve balance with CBE
(43,718,398) (19,383,018)
Due from banks with maturity more than three months
(14,867,792) (7,554,480)
Treasury bills and other governmental notes with maturity more
than three (113,842,898) (119,880,325)
months
Total cash and cash equivalent
325,535,035 301,459,407
Condensed Separate Interim statement of changes in
shareholders' equity
Issued and paid capital
Legal reserve General reserve
General risk reserve
Capital reserve Reserve for financial
assets at fair value through OCI Banking risks reserve
Retained earnings Reserve for
employee stock ownership plan Total
Mar. 31, 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
Transferred to reserves
-
1,438,320 21,958,960
-
1,663 -
-
(23,398,943)
-
-
Dividend paid
-
- -
-
- -
-
(5,366,429)
-
(5,366,429)
Net profit for the period
-
- -
-
- -
-
11,946,597
-
11,946,597
Net change on financial assets at fair value through OCI after
tax -
- -
-
- 1,977,715
-
-
-
1,977,715
Transferred (from) to banking risk reserve
-
- -
-
- -
2,694
(2,694)
-
-
Effect of ECL in fair value of debt instruments measured at fair
value through -
- -
-
- 745,406
-
-
-
745,406
OCI
Cost of employees stock ownership plan (ESOP)
-
- -
-
- -
-
- 300,000
300,000
Balance at 31 March 2024
30,195,010
6,208,674 61,799,667
1,549,445
22,818 (14,085,144)
17,924
12,408,891 1,786,010
99,903,295
Issued and paid capital
Legal reserve General reserve
General risk reserve
Capital reserve Reserve for financial
assets at fair value through OCI Banking risks reserve
Retained earnings Reserve for
employee stock ownership plan Total
Mar. 31, 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
Transferred to reserves
-
2,771,284 18,971,298
-
2,246 -
-
(21,744,828)
-
-
Dividends paid
-
- -
-
- -
-
(14,714,434)
-
(14,714,434)
Net profit for the period
-
- -
-
- -
-
16,595,612
-
16,595,612
Net change on financial assets at fair value through OCI after
tax -
- -
-
- 2,141,325
-
-
-
2,141,325
Transferred (from) to banking risk reserve
-
- -
-
- -
(2,628)
2,628
-
-
Effect of ECL in fair value of debt instruments measured at fair
value through -
- -
-
- 841,407
-
-
-
841,407
OCI
Cost of employees stock ownership plan (ESOP)
-
- -
-
- -
-
- 316,185
316,185
Balance at 31 March 2025
30,431,580
8,979,958 81,394,090
1,549,445
25,064 (4,113,009)
15,296
36,399,429 2,184,420
156,866,273
Condensed Separate Interim Income Statement for the period ended March 31,
2025
Last 9 Months Last 9 Months
Notes Mar. 31, 2025 Mar. 31, 2024
Interest and similar income 52,299,641 36,544,341
Interest and similar expense (27,003,143) (17,784,185)
Net interest income 25,296,498 18,760,156
Fee and commission income 3,510,324 2,684,283
Fee and commission expense (1,586,144) (1,118,950)
Net fee and commission income 1,924,180 1,565,333
Dividend income 12,751 610
Net trading income 6 641,395 16,202,679
Profits (Losses) on financial investments 14.1 376,684 224,271
Administrative expenses (3,748,977) (2,840,462)
Other operating income (expenses) 7 (1,735,421) (14,923,188)
Impairment release (charges) for credit losses (68,528) (1,482,187)
Profit before income tax 22,698,582 17,507,212
Income tax expense 26 (6,514,216) (5,722,492)
Deferred tax assets (Liabilities) 26 411,246 161,877
Net profit for the period 16,595,612 11,946,597
Earnings per share 8
Basic 4.83 3.47
Diluted 4.79 3.45
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 March 31, 2025
Last 9 Months
Last 9 Months
Mar. 31, 2025
Mar. 31, 2024
Net profit for the period
16,595,612
11,946,597
Net change on financial assets at fair value through comprehensive income
after tax
2,141,325
1,977,715
Effect of ECL on fair value of debt instruments measured at fair value through
comprehensive income
841,407
745,406
Total comprehensive income for the period
19,578,344
14,669,718
Condensed Separate Interim Cash Flows for the period ended March 31, 2025
Notes Mar. 31, 2025 Mar. 31, 2024
Cash flow from operating activities
Profit before income tax 22,698,582 17,507,212
Adjustments to reconcile profits to net cash provided by operating
activities
Fixed assets depreciation 17 353,476 261,427
Impairment release/charge for credit losses (Loans and advances to customers (1,099,420) 1,772,387
and banks)
Other provisions release/charge 22 317,074 40,759
Impairment release/charge for credit losses (due from banks) 144,661 (53)
Impairment release/charge for credit losses (financial investments) 1,023,287 (290,147)
Impairment release/charge for other assets - (4,782)
Exchange revaluation differences for financial assets at fair value through 212,785 (17,328,576)
OCI and AC
Revaluation differences impairment charge for Financial Assets at Fair value (13,337) 1,130,412
through OCI
Revaluation differences impairment charge for Financial Assets at Amortized 1,240 95,225
cost
Revaluation differences impairment charge for due from banks - 101
Net utilized / recovered of other provisions 22 (520) (4,517)
Exchange revaluation differences of other provisions 22 103,160 3,574,794
Profits/losses from selling property and equipment (6,006) -
Profits/losses from selling financial investments at fair value through OCI 14.1 (195,124) (224,271)
Profits/losses from selling investments in associates 14.1 (181,560) -
Share based payments 316,185 300,000
Operating profits before changes in operating assets and liabilities 23,674,483 6,829,971
Net decrease / increase in assets and liabilities
Due from banks 121,695,741 42,289,034
Financial assets at fair value through P&L - (974,297)
Derivative financial instruments (142,036) 154,638
Loans and advances to banks and customers (26,329,852) (36,747,889)
Other assets 6,045,337 (5,850,432)
Due to banks 18 1,734,021 (6,855,319)
Due to customers 19 28,224,178 117,099,122
Current income tax obligations paid (948,354) (276,723)
Other liabilities 5,716,835 1,851,912
Net cash generated from (used in) operating activities 159,670,353 117,520,017
Cash flow from investing activities
Proceeds from sale of investments in associates 226,698 4,782
Payments for investment in subsidiaries (140,000) -
Payments for purchases of property, equipment and branches construction (3,193,660) (366,618)
Proceeds from selling property and equipment 6,006 -
Proceeds from redemption of financial assets at amortized cost 2,537,401 285,507
Payments for purchases of financial assets at amortized cost (23,457,385) (53,240,480)
Payments for purchases of financial assets at fair value through OCI (29,004,342) (26,284,875)
Proceeds from selling financial assets at fair value through OCI 6,057,967 26,380,625
Net cash generated from (used in) investing activities (46,967,315) (53,221,059)
Mar. 31, 2025 Mar. 31, 2024
Cash flow from financing activities
Other loans (13,765) 6,700,881
Dividends paid (14,160,152) (5,078,792)
Issued debt instruments (22,830) 1,626,167
Net cash generated from (used in) financing activities (14,196,747) 3,248,256
Net (decrease) increase in cash and cash equivalent during the period 98,506,291 67,547,214
Beginning balance of cash and cash equivalent 227,028,744 233,912,193
Cash and cash equivalent at the end of the period 325,535,035 301,459,407
Cash and cash equivalent comprise:
Cash and balances at the central bank 9 67,709,656 36,542,863
Due from banks 314,289,639 291,980,200
Treasury bills and other governmental notes 11 115,964,828 119,754,167
Obligatory reserve balance with CBE (43,718,398) (19,383,018)
Due from banks with maturity more than three months (14,867,792) (7,554,480)
Treasury bills and other governmental notes with maturity more than three (113,842,898) (119,880,325)
months
Total cash and cash equivalent 325,535,035 301,459,407
Condensed Separate Interim statement of changes in shareholders' equity
Issued and paid capital Legal reserve General reserve General risk reserve Capital reserve Reserve for financial assets at fair value through OCI Banking risks reserve Retained earnings Reserve for employee stock ownership plan Total
Mar. 31, 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
Transferred to reserves - 1,438,320 21,958,960 - 1,663 - - (23,398,943) - -
Dividend paid - - - - - - - (5,366,429) - (5,366,429)
Net profit for the period - - - - - - - 11,946,597 - 11,946,597
Net change on financial assets at fair value through OCI after tax - - - - - 1,977,715 - - - 1,977,715
Transferred (from) to banking risk reserve - - - - - - 2,694 (2,694) - -
Effect of ECL in fair value of debt instruments measured at fair value through - - - - - 745,406 - - - 745,406
OCI
Cost of employees stock ownership plan (ESOP) - - - - - - - - 300,000 300,000
Balance at 31 March 2024 30,195,010 6,208,674 61,799,667 1,549,445 22,818 (14,085,144) 17,924 12,408,891 1,786,010 99,903,295
Issued and paid capital Legal reserve General reserve General risk reserve Capital reserve Reserve for financial assets at fair value through OCI Banking risks reserve Retained earnings Reserve for employee stock ownership plan Total
Mar. 31, 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
Transferred to reserves - 2,771,284 18,971,298 - 2,246 - - (21,744,828) - -
Dividends paid - - - - - - - (14,714,434) - (14,714,434)
Net profit for the period - - - - - - - 16,595,612 - 16,595,612
Net change on financial assets at fair value through OCI after tax - - - - - 2,141,325 - - - 2,141,325
Transferred (from) to banking risk reserve - - - - - - (2,628) 2,628 - -
Effect of ECL in fair value of debt instruments measured at fair value through - - - - - 841,407 - - - 841,407
OCI
Cost of employees stock ownership plan (ESOP) - - - - - - - - 316,185 316,185
Balance at 31 March 2025 30,431,580 8,979,958 81,394,090 1,549,445 25,064 (4,113,009) 15,296 36,399,429 2,184,420 156,866,273
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 QRFEXLBFEELBBBQRecent news on Commercial International Bank Egypt CIB
See all newsREG - Commercial Int Bank - Changes to the Board of Directors
AnnouncementREG - Commercial Int Bank - Consolidated Financial Position at March 31.2025
AnnouncementREG - Commercial Int Bank - 1Q25 Press Release
AnnouncementREG - Commercial Int Bank - Separate- Q12025
AnnouncementREG - Commercial Int Bank - Ordinary General Assembly Resolutions Summary 2025
Announcement