1st Quarter Results

Commercial Intnl Bank (Egypt) SAE

12 May 2026

 

http://www.rns-pdf.londonstockexchange.com/rns/9495D_1-2026-5-12.pdf

Condensed Separate Interim Statement of Financial Position as at March 31, 2026
		Notes	Mar. 31, 2026		Dec. 31, 2025
	Assets
	Cash and balances at the central bank	14	91,222,851		88,094,579
	Due from banks	15	171,464,712		136,581,804
	Loans and advances to banks, net	17	55,185,042		34,440,770
	Loans and advances to customers, net	18	545,902,541		503,361,099
	Derivative financial instruments		515,109		620,349
	Financial investments
	- Financial Assets at Fair Value through OCI	19.1	374,988,506		375,180,260
	- Financial Assets at Amortized cost	19.1	264,070,109		234,685,457
	Investments in subsidiaries and associates	20	1,257,430		1,157,430
	Non-current assets held for sale	32	279,104		279,104
	Other assets	21	49,136,404		53,904,113
	Deferred tax assets		1,185,389		2,410,347
	Property and equipment	22	5,587,553		5,437,519
	Total assets		1,560,794,750		1,436,152,831
	Liabilities and equity
	Liabilities
	Due to banks	23	14,337,104		3,796,866
	Due to customers	24	1,210,058,565		1,105,355,617
	Derivative financial instruments		81,585		137,802
	Current income tax liabilities		5,380,432		20,570,313
	Other liabilities	25	60,117,408		25,411,706
	Issued debt instruments	26	5,455,820		4,761,558
	Other loans		34,530,873		30,471,499
	Other provisions	27	16,594,297		15,632,737
	Total liabilities		1,346,556,084		1,206,138,098
	Equity
	Issued and paid capital		33,779,361		33,779,361
	Reserves		135,250,237		105,426,594
	Reserve for employee stock ownership plan (ESOP)		2,715,948		2,343,532
	Retained earnings*		42,493,120		88,465,246
	Total equity and net profit for the period / year		214,238,666		230,014,733
	Total liabilities and equity		1,560,794,750		1,436,152,831
	The accompanying notes are an integral part of these financial statements.
	(Review report attached)
*	Including net profit for the period

Condensed Separate Interim Income Statement for The Period Ended March 31, 2026
	Notes		Mar. 31, 2026			Mar. 31, 2025
Interest and similar income			53,038,335			52,299,641
Interest and similar expense			(23,508,947)			(27,003,143)
Net interest income			29,529,388			25,296,498
Fee and commission income			4,407,520			3,510,324
Fee and commission expense			(2,221,186)			(1,586,144)
Net fee and commission income			2,186,334			1,924,180
Dividend income			24,830			12,751
Net trading income	9		418,338			641,395
Profits (losses) on financial investments	19.2		168,162			376,684
Administrative expenses			(4,971,613)			(3,748,977)
Other operating income (expenses)	10		(2,426,872)			(1,735,421)
Release (charges) for ECL	11		532,097			(68,528)
Profit before income tax			25,460,664			22,698,582
Income tax expense	12		(6,304,551)			(6,514,216)
Deferred tax assets (liabilities)	12		(1,417,766)			411,246
Net profit for the period			17,738,347			16,595,612
Earnings per share	13
Basic			4.65			4.37
Diluted			4.59			4.32
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, 2026
										Mar. 31, 2026			Mar. 31, 2025
Net profit for the period										17,738,347			16,595,612
Net change on financial assets at fair value through comprehensive income after tax										(4,612,788)			2,141,325
Effect of ECL on debt instruments measured at fair value through OCI										(263,772)			841,407
Total comprehensive income for the period										12,861,787			19,578,344

Condensed Separate Interim Cash Flows for The Period Ended March 31, 2026
										Notes	Mar. 31, 2026		Mar. 31, 2025
Cash flow from operating activities
Profit before income tax											25,460,664		22,698,582
Adjustments to reconcile profits to net cash provided by operating activities
Fixed assets depreciation										22	544,724		353,476
Impairment release/charge for credit losses (loans and advances to customers and banks)										11	(328,665)		(1,099,420)
Net charge/release for other provisions										27	989,760		317,074
Impairment release/charge for credit losses (due from banks)										11	7,565		144,661
Impairment release/charge for credit losses (financial investments)										11	(210,997)		1,023,287
Exchange revaluation differences for financial assets at fair value through OCI and AC											(23,298,906)		212,785
Revaluation differences impairment charge for Financial Assets at Fair value through OCI											534,661		(13,337)
Revaluation differences impairment charge for Financial Assets at Amortized cost											51,512		1,240
Revaluation differences impairment charge for due from banks											19,270		-
Net utilized/recovered for other provisions										27	(1,152,649)		(520)
Exchange revaluation differences of other provisions										27	1,124,449		103,160
Profits/losses from selling property and equipment											-		(6,006)
Profits/losses from selling financial investments at fair value through OCI										19.2	(168,162)		(195,124)
Profits/losses from selling investments in associates										19.2	-		(181,560)
Share based payments											372,416		316,185
Operating profits before changes in operating assets and liabilities											3,945,642		23,674,483
Net decrease / increase in assets and liabilities
Due from banks											527,549		121,695,741
Derivative financial instruments											68,390		(142,036)
Loans and advances to banks and customers											(62,957,049)		(26,329,852)
Other assets											5,056,275		6,045,337
Due to banks										23	10,540,238		1,734,021
Due to customers										24	104,702,948		28,224,178
Current income tax obligations paid											(924,119)		(948,354)
Other liabilities											(6,132,228)		(1,891,062)
Net cash generated from (used in) operating activities											54,827,646		152,062,456
Cash flow from investing activities
Proceeds from sale of investments in associates											-		226,698
Payments for investment in subsidiaries											(100,000)		(140,000)
Payments for purchases of property, equipment and branches construction											(983,324)		(3,193,660)
Proceeds from selling property and equipment										10	-		6,006
Proceeds from redemption of financial assets at amortized cost											8,104,535		2,537,401
Payments for purchases of financial assets at amortized cost											(35,484,752)		(23,457,385)
Payments for purchases of financial assets at fair value through OCI											(45,986,599)		(29,004,342)
Proceeds from selling financial assets at fair value through OCI											62,163,317		6,611,128
Net cash generated from (used in) investing activities											(12,286,823)		(46,414,154)
Condensed Separate Interim Cash Flows for The Period Ended March 31, 2026 (Cont.)
											Mar. 31, 2026		Mar. 31, 2025
Cash flow from financing activities
Other loans											4,059,374		(13,765)
Dividends											(8,742,653)		(6,552,255)
Issued debt instruments											694,262		(22,830)
Net cash generated from (used in) financing activities											(3,989,017)		(6,588,850)
Net increase (decrease) in cash and cash equivalent during the period											38,551,806		99,059,452
Beginning balance of cash and cash equivalent											141,266,643		227,028,744
Cash and cash equivalent at the end of the period											179,818,449		326,088,196
Cash and cash equivalent comprise:
Cash and balances at the central bank										14	91,222,851		67,709,656
Due from banks											171,624,229		314,289,639
Treasury bills and other governmental notes										16	129,038,860		116,517,989
Obligatory reserve balance with CBE											(70,980,930)		(43,718,398)
Due from banks with maturity more than three months											(12,048,530)		(14,867,792)
Treasury bills and other governmental notes with maturity more than three months											(129,038,031)		(113,842,898)
Total cash and cash equivalent											179,818,449		326,088,196
Condensed Separate Interim Statement of Changes in Shareholders' Equity
Mar. 31, 2025	Issued and paid capital	Legal reserve	General reserve	General risk reserve	Special reserve	Capital reserve	Reserve for financial assets at fair value through OCI	Banking risks reserve	Retained earnings	Reserve for employee stock ownership plan	Total
Beginning Balance	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)	-	-
Dividend 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 on debt instruments measured at fair value through OCI	-	-	-	-	-	-	841,407	-	-	-	841,407
Cost of employees' stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	316,185	316,185
Ending Balance	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
Mar. 31, 2026	Issued and paid capital	Legal reserve	General reserve	General risk reserve	Special reserve	Capital reserve	Reserve for financial assets at fair value through OCI	Banking risks reserve	Retained earnings	Reserve for employee stock ownership plan	Total
Beginning Balance	33,779,361	8,979,958	79,110,551	1,549,445	13,145,012	25,064	2,601,268	15,296	88,465,246	2,343,532	230,014,733
Transferred to reserves	-	4,089,832	30,606,170	-	-	13,005	-	-	(34,709,007)	-	-
Dividends paid	-	-	-	-	-	-	-	-	(29,010,270)	-	(29,010,270)
Net profit for the period	-	-	-	-	-	-	-	-	17,738,347	-	17,738,347
Net change on financial assets at fair value through OCI after tax	-	-	-	-	-	-	(4,612,788)	-	-	-	(4,612,788)
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	(8,804)	8,804	-	-
Effect of ECL on debt instruments measured at fair value through OCI	-	-	-	-	-	-	(263,772)	-	-	-	(263,772)
Cost of employees' stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	372,416	372,416
Ending Balance	33,779,361	13,069,790	109,716,721	1,549,445	13,145,012	38,069	(2,275,292)	6,492	42,493,120	2,715,948	214,238,666

 

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