CIB Consolidated Financial Statements 1Q26

Commercial Intnl Bank (Egypt) SAE

12 May 2026

 

http://www.rns-pdf.londonstockexchange.com/rns/9499D_1-2026-5-12.pdf

Condensed Consolidated 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		92,010,988													88,876,452
	Due from banks										15		170,847,392													135,236,549
	Loans and advances to banks, net										17		55,185,042													34,440,770
	Loans and advances to customers, net										18		551,721,003													507,953,766
	Derivative financial instruments												515,109													620,349
	Financial investments
	- Financial Assets at Fair Value through OCI										19.1		375,696,731													376,397,929
	- Financial Assets at Amortized cost										19.1		265,712,744													236,672,175
	Investments in associates										20		43,710													45,210
	Non-current assets held for sale										32		223,223													182,827
	Other assets										21		49,309,350													54,040,912
	Deferred tax assets												1,366,252													2,545,499
	Property and equipment										22		5,636,266													5,481,682
	Total assets												1,568,267,810													1,442,494,120
	Liabilities and equity
	Liabilities
	Due to banks										23		14,239,563													3,353,746
	Due to customers										24		1,214,998,089													1,110,395,693
	Non-current liabilities held for sale										33		56,747													53,860
	Derivative financial instruments												81,585													137,802
	Current income tax liabilities												5,394,655													20,570,313
	Other liabilities										25		60,735,106													25,595,390
	Issued debt instruments										26		5,455,820													4,761,558
	Other loans												34,530,873													30,471,499
	Other provisions										27		16,602,339													15,640,041
	Total liabilities												1,352,094,777													1,210,979,902
	Equity
	Issued and paid capital												33,779,361													33,779,361
	Reserves												136,075,330													105,849,176
	Reserve for employee stock ownership plan (ESOP)												2,715,948													2,343,532
	Retained earnings*												43,574,561													89,514,273
	Total equity and net profit for the period / year												216,145,200													231,486,342
	Non-Controlling Interest												27,833													27,876
	Total NCI, equity and net profit for the period / year												216,173,033													231,514,218
	Total liabilities and equity												1,568,267,810													1,442,494,120
	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 March 31, 2026
															Notes				Mar. 31, 2026													Mar. 31, 2025
Interest and similar income																			53,305,545													52,535,156
Interest and similar expense																			(23,605,965)													(27,139,272)
Net interest income																			29,699,580													25,395,884
Fee and commission income																			4,444,257													3,522,513
Fee and commission expense																			(2,223,172)													(1,587,691)
Net fee and commission income																			2,221,085													1,934,822
Dividend income																			24,830													12,751
Net trading income															9				433,650													644,549
Profits (losses) on financial investments															19.2				168,162													472,532
Administrative expenses																			(5,154,563)													(3,932,425)
Other operating income (expenses)															10				(2,309,125)													(1,742,230)
Release (charges) for ECL															11				481,032													(84,032)
Bank's share in the profits (losses) of associates																			(1,500)													(297)
Profit before income tax																			25,563,151													22,701,554
Income tax expense															12				(6,366,847)													(6,479,828)
Deferred tax assets (liabilities)															12				(1,374,262)													411,443
Net profit for the period																			17,822,042													16,633,169
Non-Controlling Interest																			(43)													1,394
Bank's shareholders																			17,822,085													16,631,775
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 Consolidated Interim Statement of Comprehensive Income for The Period Ended March 31, 2026
																																	Mar. 31, 2026					Mar. 31, 2025
Net profit for the period																																	17,822,042					16,633,169
Net change on financial assets at fair value through comprehensive income after tax																																	(4,882,327)					2,491,322
Cumulative foreign currencies translation differences																																	620,726					(169,708)
Effect of ECL on debt instruments measured at fair value through OCI																																	(263,772)					841,687
Total comprehensive income for the period																																	13,296,669					19,796,470
As follows:
Bank's shareholders																																	13,296,712					19,713,070
Non-Controlling Interest																																	(43)					83,400
Total comprehensive income for the period																																	13,296,669					19,796,470
Condensed Consolidated 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																						25,563,151								22,701,554
Adjustments to reconcile profits to net cash provided by operating activities
Fixed assets depreciation																				22		624,779								773,002
Impairment release/charge for credit losses (loans and advances to customers and banks)																				11		(278,243)								(1,080,606)
Net charge/release for other provisions																				27		990,498								320,589
Impairment release/charge for credit losses (due from banks)																				11		7,707								141,071
Impairment release/charge for credit losses (financial investments)																				11		(210,496)								1,023,567
Exchange revaluation differences for financial assets at fair value through OCI and AC																						(23,784,274)								212,785
Revaluation differences impairment charge for Financial Assets at Fair value through OCI																						534,661								(13,267)
Revaluation differences impairment charge for Financial Assets at Amortized cost																						51,512								1,240
Revaluation differences impairment charge for due from banks																						19,315								(18)
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		-								(277,408)
Share based payments																						372,416								316,185
Bank's share in the profits / losses of associates																						1,500								297
Operating profits before changes in operating assets and liabilities																						3,696,164								24,020,501
Net decrease / increase in assets and liabilities
Due from banks																						513,657								123,055,498
Derivative financial instruments																						68,390								(142,036)
Loans and advances to banks and customers																						(64,233,266)								(26,205,658)
Other assets																						5,020,128								6,009,359
Non-current assets held for sale																				32		(40,396)								-
Due to banks																				23		10,885,817								2,286,117
Due to customers																				24		104,602,396								28,021,619
Current income tax obligations paid																						(972,192)								(913,966)
Non-current liabilities held for sale																				33		2,887								-
Other liabilities																						(5,077,488)								(1,886,184)
Net cash generated from (used in) operating activities																						54,466,097								154,245,250
Cash flow from investing activities
Proceeds from sale of investments in associates																						-								226,698
Payments for purchases of property, equipment and branches construction																						(1,067,929)								(3,597,387)
Proceeds from selling property and equipment																				10		-								6,006
Proceeds from redemption of financial assets at amortized cost																						8,752,045								2,579,713
Payments for purchases of financial assets at amortized cost																						(35,471,162)								(23,883,457)
Payments for purchases of financial assets at fair value through OCI																						(46,711,306)								(29,279,247)
Proceeds from selling financial assets at fair value through OCI																						63,293,572								6,863,626
Net cash generated from (used in) investing activities																						(11,204,780)								(47,084,048)
Condensed Consolidated 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																						39,272,300								100,572,352
Beginning balance of cash and cash equivalent																						140,542,556								226,610,721
Cash and cash equivalent at the end of the period																						179,814,856								327,183,073
Cash and cash equivalent comprise:
Cash and balances at the central bank																				14		92,010,988								68,810,514
Due from banks																						171,007,096								314,450,806
Treasury bills and other governmental notes																				16		130,464,385								116,972,976
Obligatory reserve balance with central bank																						(71,155,527)								(43,885,546)
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																						(130,463,556)								(114,297,885)
Total cash and cash equivalent																						179,814,856								327,183,073
Condensed Consolidated Interim Statement of Changes in Shareholders' Equity
Mar. 31, 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
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
Transferred to reserves		-	2,771,284	18,971,298	-	-	-	2,246	-	-		(21,744,828)		-		-		-			-		-
Net profit for the period		-	-	-	-	-	-	-	-	-		16,631,775		-		-		16,631,775			1,394		16,633,169
Dividends paid		-	-	-	-	-	-	-	-	-		(14,714,434)		-		-		(14,714,434)			-		(14,714,434)
Transferred to general risk reserve		-	-	-	26,186	-	-	-	-	-		(26,186)		-		-		-			-		-
Net change on financial assets at fair value through OCI after tax		-	-	-	-	-	-	-	2,409,316	-		-		-		-		2,409,316			82,006		2,491,322
Transferred (from) to banking risk reserve		-	-	-	-	-	-	-	-	(2,628)		2,628		-		-		-			-		-
Effect of ECL on debt instruments measured at fair value through OCI		-	-	-	-	-	-	-	841,687	-		-		-		-		841,687			-		841,687
Cost of employees' stock ownership plan (ESOP)		-	-	-	-	-	-	-	-	-		-		316,185		-		316,185			-		316,185
Cumulative foreign currencies translation differences		-	-	-	-	-	-	-	-	-		-		-		(169,708)		(169,708)			-		(169,708)
Ending balance		30,431,580	8,979,958	81,394,090	1,577,092	-	(670,972)	25,064	(3,894,280)	15,296		36,940,838		2,184,420		968,012		157,951,098			266,444		158,217,542
Mar. 31, 2026		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		33,779,361	8,979,958	79,110,551	1,577,092	13,145,012	(670,972)	25,064	2,825,146	15,296		89,514,273		2,343,532		842,029		231,486,342			27,876		231,514,218
Transferred to reserves		-	4,089,832	30,606,170	-	-	-	13,005	-	-		(34,709,007)		-		-		-			-		-
Dividends paid		-	-	-	-	-	-	-	-	-		(29,010,270)		-		-		(29,010,270)			-		(29,010,270)
Net profit for the period		-	-	-	-	-	-	-	-	-		17,822,085		-		-		17,822,085			(43)		17,822,042
Transferred to general risk reserve		-	-	-	51,324	-	-	-	-	-		(51,324)		-		-		-			-		-
Net change on financial assets at fair value through OCI after tax		-	-	-	-	-	-	-	(4,882,327)	-		-		-		-		(4,882,327)			-		(4,882,327)
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)			-		(263,772)
Cost of employees' stock ownership plan (ESOP)		-	-	-	-	-	-	-	-	-		-		372,416		-		372,416			-		372,416
Cumulative foreign currencies translation differences		-	-	-	-	-	-	-	-	-		-		-		620,726		620,726			-		620,726
Ending balance		33,779,361	13,069,790	109,716,721	1,628,416	13,145,012	(670,972)	38,069	(2,320,953)	6,492		43,574,561		2,715,948		1,462,755		216,145,200			27,833		216,173,033

 

END