CIB 1H2025 Condensed Separate Financials

Commercial Intnl Bank (Egypt) SAE

22 July 2025

 

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Condensed Separate 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	100,535,373		136,165,920
	Due from banks	10	231,774,988		270,089,441
	Loans and advances to banks, net	12	28,273,497		9,555,410
	Loans and advances to customers, net	13	419,494,572		340,955,698
	Derivative financial instruments		1,165,796		819,711
	Financial investments
	- Financial Assets at Fair Value through OCI	14	262,186,573		233,029,903
	- Financial Assets at Amortized cost	14	210,324,232		167,276,956
	Investments in subsidiaries and associates	15	853,165		871,525
	Non-current assets held for sale	29	159,828		159,828
	Other assets	16	52,719,250		44,175,232
	Deferred tax assets		2,558,253		2,337,304
	Property and equipment	17	4,577,331		3,881,620
	Total assets		1,314,622,858		1,209,318,548
	Liabilities and equity
	Liabilities
	Due to banks	18	2,975,504		2,317,715
	Due to customers	19	1,040,233,344		967,895,387
	Derivative financial instruments		510,278		100,571
	Current income tax liabilities		11,373,107		18,327,968
	Other liabilities	20	27,329,336		21,347,499
	Issued debt instruments	21	4,948,964		5,067,781
	Other loans		31,250,581		23,962,389
	Other provisions	22	19,927,608		18,613,060
	Total liabilities		1,138,548,722		1,057,632,370
	Equity
	Issued and paid capital		30,708,510		30,431,580
	Reserves		90,421,708		63,125,912
	Reserve for employee stock ownership plan (ESOP)		1,734,177		1,868,235
	Retained earnings*		53,209,741		56,260,451
	Total equity and net profit for the period / year		176,074,136		151,686,178
	Total liabilities and equity		1,314,622,858		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 June 30, 2025
											Last 6 Months							Last 6 Months
								Notes			Jun. 30, 2025							Jun. 30, 2024
Interest and similar income											104,727,073							81,420,481
Interest and similar expense											(53,575,810)							(39,980,202)
Net interest income											51,151,263							41,440,279
Fee and commission income											7,416,971							5,905,503
Fee and commission expense											(3,292,751)							(2,505,646)
Net fee and commission income											4,124,220							3,399,857
Dividend income											99,052							76,025
Net trading income								6			1,241,158							17,385,406
Profits (Losses) on financial investments								14.1			526,717							297,208
Administrative expenses											(7,544,381)							(5,568,213)
Other operating income (expenses)								7			(3,546,143)							(16,410,949)
Impairment release (charges) for credit losses											345,831							(2,059,775)
Profit before income tax											46,397,717							38,559,838
Income tax expense								26			(13,477,682)							(11,255,055)
Deferred tax assets (Liabilities)								26			489,475							378,395
Net profit for the period											33,409,510							27,683,178
Earnings per share								8
Basic											9.69							8.11
Diluted											9.61							8.04
									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 June 30, 2025
																						Last 6 Months			Last 6 Months
Net profit for the period																						33,409,510			27,683,178
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																						4,622,564			4,073,707
Effect of ECL on fair value of debt instruments measured at fair value through comprehensive income																						140,134			751,734
Total comprehensive income for the period																						38,175,794			32,508,619
Condensed Separate 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												46,397,717			38,559,838
Adjustments to reconcile profits to net cash provided by operating  activities
Fixed assets depreciation										17		766,315			521,764
Impairment release/charge for credit losses (Loans and advances to customers and banks)												(866,683)			2,387,134
Net charged/released for other provisions										22		1,024,484			192,741
Impairment release/charge for credit losses (due from banks)												146,354			(35)
Impairment release/charge for credit losses (financial investments)												374,498			(327,324)
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												(95,111)			1,182,360
Revaluation differences impairment charge for Financial Assets at Amortized cost												1,638			100,975
Revaluation differences impairment charge for due from banks												(2,820)			105
Net utilized/recovered for other provisions										22		(1,053)			(8,970)
Exchange revaluation differences of other provisions										22		291,117			3,707,089
Profits/losses from selling property and equipment												(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		(181,560)			-
Share based payments												653,254			533,219
Operating profits before changes in operating assets and liabilities												49,646,434			28,080,704
Net decrease / increase in assets and liabilities
Due from banks												75,949,504			36,256,280
Financial assets at fair value through P&L												-			(172,728)
Derivative financial instruments												24,358			164,384
Loans and advances to banks and customers												(96,438,781)			(53,204,190)
Other assets												(5,527,589)			(18,799,962)
Due to banks										18		657,789			(8,429,958)
Due to customers										19		72,337,957			182,431,141
Current income tax obligations paid												(2,104,575)			(926,384)
Other liabilities												(12,900,414)			(5,875,532)
Net cash generated from (used in) operating activities												81,644,683			159,523,755
Cash flow from investing activities
Proceeds from sale of investments in associates												339,920			7,173
Payments for investment in subsidiaries												(140,000)			(200,000)
Payments for purchases of property, equipment and branches construction												(4,429,952)			(1,262,707)
Proceeds from selling property and equipment												6,006			2,184
Proceeds from redemption of financial assets at amortized cost												4,876,544			1,240,196
Payments for purchases of financial assets at amortized cost												(48,035,713)			(69,609,595)
Payments for purchases of financial assets at fair value through OCI												(91,524,026)			(58,448,832)
Proceeds from selling financial assets at fair value through OCI												65,110,896			47,255,555
Net cash generated from (used in) investing activities												(73,796,325)			(81,016,026)
Condensed Separate 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												(14,160,151)			(5,078,792)
Issued debt instruments												(118,817)			1,709,668
Capital increase												276,930			236,570
Net cash generated from (used in) financing activities												(6,713,846)			3,941,966
Net (decrease) increase in cash and cash equivalent during the period												1,134,512			82,449,695
Beginning balance of cash and cash equivalent												227,028,744			233,912,193
Cash and cash equivalent at the end of the period												228,163,256			316,361,888
Cash and cash equivalent comprise:
Cash and balances at the central bank										9		100,535,373			43,371,479
Due from banks												231,918,739			305,020,997
Treasury bills and other governmental notes										11		123,491,120			118,676,181
Obligatory reserve balance with CBE												(76,281,994)			(25,285,404)
Due from banks with maturity more than three months												(28,050,433)			(7,684,847)
Treasury bills and other governmental notes with maturity more than three months												(123,449,549)			(117,736,518)
Total cash and cash equivalent												228,163,256			316,361,888
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
Jun. 30, 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
Capital increase	236,570	-	-	-	-	-	-	-			-		236,570
Transferred to reserves	-	1,438,320	22,582,085	-	1,663	-	-	(23,398,943)			(623,125)		-
Dividend paid	-	-	-	-	-	-	-	(5,366,429)			-		(5,366,429)
Net profit for the period	-	-	-	-	-	-	-	27,683,178			-		27,683,178
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	-	-			-		-
Net change on financial assets at fair value through OCI after tax	-	-	-	-	-	4,073,707	-	-			-		4,073,707
Transferred (from) to banking risk reserve	-	-	-	-	-	-	2,694	(2,694)			-		-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	751,734	-	-			-		751,734
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-			533,219		533,219
Balance at 30 June 2024	30,431,580	6,208,674	62,422,792	1,549,445	22,818	(11,982,824)	17,924	28,145,472			1,396,104		118,211,985
	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
Jun. 30, 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
Capital increase	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)
Net profit for the period	-	-	-	-	-	-	-	33,409,510			-		33,409,510
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	3,586	-	(3,586)			-		-
Net change on financial assets at fair value through OCI after tax	-	-	-	-	-	4,622,564	-	-			-		4,622,564
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	-	-	-	-	-	140,134	-	-			-		140,134
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-			653,254		653,254
Balance at 30 June 2025	30,708,510	8,979,958	82,181,402	1,549,445	25,064	(2,329,457)	15,296	53,209,741			1,734,177		176,074,136

 

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