CIB 1H2025 Condensed Consolidated Financials

Commercial Intnl Bank (Egypt) SAE

22 July 2025

 

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Condensed Consolidated 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	101,492,185		136,531,020
Due from banks	10	231,527,267		270,829,834
Loans and advances to banks, net	12	28,273,497		9,555,410
Loans and advances to customers, net	13	422,167,671		343,542,674
Derivative financial instruments		1,165,796		819,711
Financial investments
- Financial Assets at Fair Value through OCI	14	264,012,452		234,512,167
- Financial Assets at Amortized cost	14	212,046,512		168,118,219
Investments in associates	15	40,187		98,193
Other assets	16	52,870,744		44,282,773
Deferred tax assets		2,840,241		2,685,331
Property and equipment	17	4,659,264		3,997,929
Total assets		1,321,095,816		1,214,973,261
Liabilities and equity
Liabilities
Due to banks	18	2,991,407		2,034,885
Due to customers	19	1,045,325,160		972,595,958
Non-current liabilities held for sale		1,362		1,397
Derivative financial instruments		510,278		100,571
Current income tax liabilities		11,373,107		18,327,968
Other liabilities	20	27,448,737		21,441,169
Issued debt instruments	21	4,948,964		5,067,781
Other loans		31,250,581		23,962,389
Other provisions	22	19,940,641		18,621,822
Total liabilities		1,143,790,237		1,062,153,940
Equity
Issued and paid capital		30,708,510		30,431,580
Reserves		91,005,149		63,544,579
Reserve for employee stock ownership plan (ESOP)		1,734,177		1,868,235
Retained earnings*		53,651,167		56,791,883
Total equity and net profit for the period / year		177,099,003		152,636,277
Non-Controlling Interest		206,576		183,044
Total NCI, equity and net profit for the period / year		177,305,579		152,819,321
Total liabilities and equity		1,321,095,816		1,214,973,261
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 Consolidated 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			105,160,947				81,692,664
Interest and similar expense			(53,825,527)				(40,155,413)
Net interest income			51,335,420				41,537,251
Fee and commission income			7,444,430				5,914,748
Fee and commission expense			(3,294,001)				(2,505,646)
Net fee and commission income			4,150,429				3,409,102
Dividend income			39,083				46,101
Net trading income	6		1,247,489				17,390,608
Profits (Losses) on financial investments	14.1		622,565				297,208
Administrative expenses			(7,915,569)				(5,799,128)
Other operating income (expenses)	7		(3,558,772)				(16,423,342)
Impairment release (charges) for credit losses			333,558				(2,052,147)
Bank's share in the profits / losses of associates			5,489				(3,462)
Profit before income tax			46,259,692				38,402,191
Income tax expense	28		(13,462,229)				(11,498,510)
Deferred tax assets (Liabilities)	28		549,173				643,621
Net profit for the period			33,346,636				27,547,302
Non-Controlling Interest			946				332
Bank's shareholders			33,345,690				27,546,970
Earnings per share	8
Basic			9.69				8.11
Diluted			9.61				8.04
Islam Zekry					Hisham Ezz Al-Arab
Group CFO & Executive Board Member					CEO & Executive Board Member

Condensed Consolidated Interim statement of Comprehensive Income for the period ended June 30, 2025
			Last 6 Months			Last 6 Months
			Jun. 30, 2025			Jun. 30, 2024
Net profit for the period			33,346,636			27,547,302
Transferred to RE from financial assets at fair value through OCI			3,586			-
Net change on financial assets at fair value through comprehensive income after tax			5,056,845			4,194,501
Cumulative foreign currencies translation differences			(215,827)			877,881
Effect of ECL in fair value of debt instruments measured at fair value through OCI			142,274			751,338
Total comprehensive income for the period			38,333,514			33,371,022
As follows:
Bank's shareholders			38,250,562			33,370,690
Non-Controlling Interest			82,952			332
Total comprehensive income for the period			38,333,514			33,371,022

Condensed Consolidated 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		46,259,692		38,402,191
Adjustments to reconcile profits to net cash provided by operating  activities
Fixed assets depreciation	17	1,199,285		521,764
Impairment release/charge for credit losses (Loans and advances to customers and banks)		(853,542)		2,383,373
Net charged/released for other provisions	22	1,028,755		197,789
Impairment release/charge for credit losses (due from banks)		143,346		(431)
Impairment release/charge  for credit losses (financial investments)		376,638		(330,795)
Impairment release/charge for other assets		-		(7,173)
Exchange revaluation differences for financial assets at fair value through OCI and AC		1,489,447		(18,461,627)
Revaluation differences impairment charge for Financial Assets at Fair value through OCI		(92,993)		1,185,435
Revaluation differences impairment charge for Financial Assets at Amortized cost		1,638		100,975
Revaluation differences impairment charge for due from banks		(2,865)		1,785
Net utilized/recovered for other provisions	22	(1,053)		(13,190)
Exchange revaluation differences of other provisions	22	291,117		3,706,657
Profits/losses from selling property and equipment	7	(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	(277,408)		-
Share based payments		653,254		533,219
Bank's share in the profits / losses of associates		(5,489)		3,462
Operating profits before changes in operating assets and liabilities		49,858,659		27,924,042
Net decrease / increase in assets and liabilities
Due from banks		77,313,672		35,579,404
Financial assets at fair value through P&L		-		(172,728)
Derivative financial instruments		24,358		167,636
Loans and advances to banks and customers		(96,538,045)		(54,214,511)
Other assets		(5,571,542)		(18,857,430)
Non-current assets held for sale		-		(248)
Due to banks	18	956,522		(8,486,266)
Due to customers	19	72,729,202		184,482,256
Current income tax obligations paid		(2,089,122)		(1,169,839)
Non-current liabilities held for sale		(35)		1,320
Other liabilities		(13,007,521)		(5,907,589)
Net cash generated from (used in) operating activities		83,676,148		159,346,047
Cash flow from investing activities
Proceeds from sale of investments in associates		339,920		7,173
Payments for purchases of property, equipment and branches construction		(4,828,546)		(1,358,880)
Proceeds from selling property and equipment		6,006		2,184
Proceeds from redemption of financial assets at amortized cost		4,937,562		1,440,627
Payments for purchases of financial assets at amortized cost		(48,979,866)		(70,069,828)
Payments for purchases of financial assets at fair value through OCI		(91,406,698)		(58,957,315)
Proceeds from selling financial assets at fair value through OCI		65,127,965		46,444,442
Net cash generated from (used in) investing activities		(74,803,657)		(82,491,597)
Condensed Consolidated 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		(14,219,571)		(5,116,159)
Issued debt instruments		(118,817)		1,709,668
Capital increase		276,930		236,570
Net cash generated from (used in) financing activities		(6,773,266)		3,904,599
Net (decrease) increase in cash and cash equivalent during the period		2,099,225		80,759,049
Beginning balance of cash and cash equivalent		226,610,721		234,317,913
Cash and cash equivalent at the end of the period		228,709,946		315,076,962
Cash and cash equivalent comprise:
Cash and balances at the central bank	9	101,492,185		43,581,935
Due from banks		231,671,573		306,029,402
Treasury bills and other governmental notes	11	124,383,524		118,676,181
Obligatory reserve balance with central bank		(76,444,950)		(25,444,215)
Due from banks with maturity more than three months		(28,050,433)		(10,029,823)
Treasury bills and other governmental notes with maturity more than three months		(124,341,953)		(117,736,518)
Total cash and cash equivalent		228,709,946		315,076,962

Condensed Consolidated Interim statement of changes in shareholders' equity

Jun. 30, 2024	Issued and paid capital	Legal reserve	General reserve	General risk 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	-	-	-	-	-	-	-	-	27,546,970	-	-	27,546,970	332	27,547,302
Dividends paid	-	-	-	-	-	-	-	-	(5,366,429)	-	-	(5,366,429)	(37,367)	(5,403,796)
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change on financial assets at fair value through OCI after tax	-	-	-	-	-	-	4,194,501	-	-	-	-	4,194,501	-	4,194,501
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	21,718	(21,718)	-	-	-	-	-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	-	751,338	-	-	-	-	751,338	-	751,338
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	533,219	-	533,219	-	533,219
Cumulative foreign currencies translation differences	-	-	-	-	-	-	-	-	-	-	877,881	877,881	-	877,881
Ending balance	30,431,580	6,208,674	62,422,792	1,550,906	(670,972)	22,818	(11,922,852)	36,948	28,753,211	1,396,104	1,026,234	119,255,443	123,038	119,378,481

Jun. 30, 2025	Issued and paid capital	Legal reserve	General reserve	General risk 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	30,431,580	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	-	-	-	-	-	-	-	-	33,345,690	-	-	33,345,690	946	33,346,636
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	3,586	-	(3,586)	-	-	-	-	-
Transferred to general risk reserve	-	-	-	26,186	-	-	-	-	(26,186)	-	-	-	-	-
Net change on financial assets at fair value through OCI after tax	-	-	-	-	-	-	4,974,839	-	-	-	-	4,974,839	82,006	5,056,845
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	(2,628)	2,628	-	-	-	-	-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	-	142,274	-	-	-	-	142,274	-	142,274
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	653,254	-	653,254	-	653,254
Cumulative foreign currencies translation differences	-	-	-	-	-	-	-	-	-	-	(215,827)	(215,827)	-	(215,827)
Ending balance	30,708,510	8,979,958	82,181,402	1,577,092	(670,972)	25,064	(2,024,584)	15,296	53,651,167	1,734,177	921,893	177,099,003	206,576	177,305,579

 

END