⌘K

CIB 1Q23 Consolidated Financial Statements

RNS Number : 3361Z

Commercial Intnl Bank (Egypt) SAE

14 May 2023

Commercial International Bank (Egypt) S.A.E.
Consolidated Financial Statements March 31, 2023
Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/3361Z_1-2023-5-14.pdf

Condensed Consolidated Interim Statement of Financial Position as at March 31, 2023
		Notes	Mar. 31, 2023			Dec. 31, 2022
			EGP Thousands			EGP Thousands
	Assets
	Cash and balances at the central bank	8	52,462,528			47,492,549
	Due from banks	9	170,682,323			133,856,720
	Loans and advances to banks, net	11	616,088			2,978,197
	Loans and advances to customers, net	12	213,047,067			193,599,872
	Derivative financial instruments		2,088,501			1,939,961
	Investments
	- Financial Assets at Fair Value through OCI	13	185,998,930			204,020,733
	- Financial Assets at Amortized cost	13	43,654,330			34,524,760
	- Investments in associates	14	157,091			186,062
	Non current assets held for sale	29	220,335			-
	Other assets	15	14,774,256			14,521,427
	Goodwill	26	85,954			96,268
	Intangible assets	27	21,597			24,188
	Deferred tax assets		-			185,746
	Property and equipment	16	2,478,113			2,405,434
	Total assets		686,287,113			635,831,917
	Liabilities and equity
	Liabilities
	Due to banks	17	8,286,885			3,496,698
	Due to customers	18	576,828,746			531,616,550
	Non current liabilities held for sale	30	890			-
	Derivative financial instruments		8,294			219,752
	Deferred tax liabilities		65,046			-
	Current income tax liabilities		1,991,935			3,051,583
	Other liabilities	19	16,078,448			11,606,912
	Issued debt instruments	20	3,069,231			2,456,607
	Other loans		9,586,379			7,978,975
	Other provisions	21	8,700,532			7,066,672
	Total liabilities		624,616,386			567,493,749
	Equity
	Issued and paid up capital		29,990,563			29,825,134
	Reserves		23,559,843			19,643,327
	Reserve for employee stock ownership plan (ESOP)		1,667,377			1,895,435
	Retained earnings *			6,330,323			16,393,841
	Total equity and net profit for the period / year		61,548,106			67,757,737
	Non Controlling Interest		122,621			580,431
	Total minority interest, equity and net profit for the period / year		61,670,727			68,338,168
	Total liabilities and equity		686,287,113			635,831,917
	The accompanying notes are an integral part of these financial statements .
	(Limited review report attached) * Including net profit for the current period




	Hussein Abaza			Hisham Ezz Al-Arab
	CEO & Managing Director				Chairman

Condensed Consolidated Interim Income Statement for the period ended March 31, 2023

Notes

Mar. 31, 2023

Mar. 31, 2022

EGP Thousands

Interest and similar income

19,823,554

12,006,043

Interest and similar expense

(8,939,377)

(5,288,771)

Net interest income

10,884,177

6,717,272

Fee and commission income

2,005,304

1,203,252

Fee and commission expense

(792,175)

(515,125)

Net fee and commission income

1,213,129

688,127

Dividend income

32,362

37,800

Net trading income

1,851,908

732,821

Profits (Losses) on financial investments

70,920

1,040,297

Administrative expenses

(2,063,690)

(1,670,887)

Other operating (expenses) income

(2,040,922)

(1,431,967)

Goodwill amortization

(10,314)

Intangible assets amortization

(2,591)

Impairment release (charges) for credit losses

(944,829)

38,692

Bank's share in the profits / losses of associates

(14,871)

2,841

Profit before income tax

8,975,279

6,142,091

Income tax expense

(2,262,132)

(1,372,939)

Deferred tax assets (Liabilities)

(645,223)

(509,534)

Net profit from continued operations

6,067,924

4,259,618

Discontinued Operations

Net profit from discontinued operations

870

Net profit for the period

6,068,794

4,259,618

Non Controlling Interest

3,847

15,387

Bank's shareholders

6,064,947

4,244,231

Earning per share

Basic

1.81

1.26

Diluted

1.79

1.24

Hussein Abaza

Hisham Ezz Al-Arab

CEO & Managing Director

Chairman

Condensed Consolidated Interim statement of Comprehensive Income for the period ended March 31, 2023

Mar. 31, 2023

Mar. 31, 2022

EGP Thousands

Net profit for the period

6,068,794

4,259,618

Change in fair value of Financial investments measured at fair value through comprehensive income after tax

(8,522,293)

(3,961,167)

Transferred to RE from financial assets at fair value through comprehensive income

(1,895)

(4,201)

Cumulative foreign currencies translation differences

281,927

52,636

Effect of ECL in fair value of debt instruments measured at fair value through comprehensive income

208,752

101,602

Total comprehensive income for the period

(1,964,715)

448,488

As follows:

Bank's shareholders

(1,968,562)

433,101

Non Controlling Interest

3,847

15,387

Total comprehensive income for the period

(1,964,715)

448,488

Condensed Consolidated Interim Cash flows for the period ended March 31 2023

	Notes	Mar. 31, 2023	Mar. 31, 2022
		EGP Thousands	EGP Thousands

Cash flow from operating activities
Profit before income tax from continued operations		8,975,279	6,142,091
Profit from discontinued operations		870	-
Adjustments to reconcile profits to net cash provided by operating activities
Fixed assets depreciation	16	228,065	223,781
Impairment (Released) charge for credit losses (Loans and advances to customers and banks)		707,740	(145,266)
Other provisions charges	21	464,311	1,036,252
Impairment (Released) charge for credit losses (due from banks)		2,096	4,776
Impairment (Released) charge for credit losses (financial investments)		234,993	101,798
Impairment (Released) charge for other assets		-	(277,768)
Exchange revaluation differences for financial assets at fair value through OCI and AC		(6,033,831)	63
Goodwill amortization	26	10,314	10,314
Intangible assets amortization	27	2,591	2,591
Utilization of other provisions	21	(345)	(156)
Other provisions no longer used	21	-	(385)
Exchange differences of other provisions	21	1,169,894	278,463
profits from selling property and equipment		(118)	(50)
profits from selling financial investments at fair value through OCI	13	(70,920)	(1,040,297)
Shares based payments		190,974	175,235
Bank's share in the profits / losses of associates		14,871	(2,841)
Operating profits before changes in operating assets and liabilities		5,896,784	6,508,601

Net decrease (increase) in assets and liabilities
Due from banks		12,110,117	25,468,271
Financial assets at fair value through P&L		-	239,339
Derivative financial instruments		(359,998)	(680,085)
Loans and advances to banks and customers	11 - 12	(17,792,410)	(12,821,977)
Other assets		(96,139)	1,844,416
Non current assets held for sale		(220,335)	-
Due to banks	17	4,790,187	2,859,939
Due to customers	18	45,212,196	21,780,515
Current income tax obligations paid		(270,197)	(259,516)
Non current liabilities held for sale		890	-
Other liabilities		(354,332)	1,860,904
Net cash generated from (used in) operating activities		48,916,763	46,800,407

Cash flow from investing activities
Payment for purchases of property, equipment and branches constructions		(457,850)	(92,999)
Proceeds from selling property and equipment		118	50
Proceeds from redemption of financial assets at amortized cost		196,783	2,609,283
Payment for purchases of financial assets at amortized cost		(8,533,818)	(2,474,553)
Payment for purchases of financial assets at fair value through OCI		(32,339,905)	(68,625,535)
Proceeds from selling financial assets at fair value through OCI		46,767,421	78,456,150
Payment for investment in subsidiaries.		(1,008,761)	-
Net cash generated from (used in) investing activities		4,623,988	9,872,396






Condensed Consolidated Interim Cash flows for the period ended March 31, 2023 (Cont.)

		Mar. 31, 2023	Mar. 31, 2022
		EGP Thousands	EGP Thousands

Cash flow from financing activities
Other loans		1,607,404	1,035,994
Dividends paid		(1,988,585)	(4,410,322)
Issued debt instruments		612,624	253,338
Capital increase		165,429	122,716
Net cash generated from (used in) financing activities		396,872	(2,998,274)


Net (decrease) increase in cash and cash equivalent during the period		53,937,623	53,674,529
Beginning balance of cash and cash equivalent		92,969,526	61,065,822
Cash and cash equivalent at the end of the period		146,907,149	114,740,351

Cash and cash equivalent comprise:
Cash and balances at the central bank		52,462,528	30,581,505
Due from banks		170,733,811	121,128,084
Treasury bills and other governmental notes	10	68,681,151	40,379,000
Obligatory reserve balance with CBE		(46,005,523)	(26,188,639)
Due from banks with maturities more than three months		(29,664,721)	(10,245,456)
Treasury bills with maturity more than three months		(69,300,097)	(40,914,143)
Total cash and cash equivalent		146,907,149	114,740,351


Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended March 31, 2022
Mar. 31, 2022	Issued and paid up 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
														EGP Thousands
Beginning balance	19,702,418	3,293,074	28,260,532	1,550,906	8,183	16,000	641,372	9,141	13,696,402	1,674,392	(4,218)	68,848,202	454,535	69,302,737
Capital increase	122,716	-	502,922	-	-	-	-	-	-	(502,922)	-	122,716	-	122,716
Transferred to reserves	-	670,872	8,333,404	-	-	2,947	-	-	(9,007,223)	-	-	-	-	-
Dividends paid	-	-	-	-	-	-	-	-	(4,410,322)	-	-	(4,410,322)	-	(4,410,322)
Net profit of the period	-	-	-	-	-	-	-	-	4,244,231	-	-	4,244,231	15,387	4,259,618
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	(4,201)	-	4,201	-	-	-	-	-
Net unrealized gain/(loss) on financial assets at fair value through OCI after tax	-	-	-	-	-	-	(3,961,167)	-	-	-	-	(3,961,167)	-	(3,961,167)
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	2,840	(2,840)	-	-	-	-	-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	-	101,602	-	-	-	-	101,602	-	101,602
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	175,235	-	175,235	-	175,235
Cumulative foreign currencies translation differences	-	-	-	-	-	-	-	-	-	-	56,854	56,854	39,279	96,133
Balance at the end of the period	19,825,134	3,963,946	37,096,858	1,550,906	8,183	18,947	(3,222,394)	11,981	4,524,449	1,346,705	52,636	65,177,351	509,201	65,686,552







Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended March 31, 2023

Mar. 31, 2023	Issued and paid up 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
														EGP Thousands
Beginning balance	29,825,134	3,963,946	27,096,858	1,550,906	8,183	18,947	(13,188,818)	11,981	16,393,841	1,895,435	181,324	67,757,737	580,431	68,338,168
Capital increase	165,429	-	-	-	-	-	-	-	-	-	-	165,429	-	165,429
Transferred to reserves	-	806,408	11,998,639	-	-	2,208	-	-	(12,388,223)	(419,032)	-	-	-	-
Dividends paid	-	-	-	-	-	-	-	-	(3,738,888)	-	-	(3,738,888)	(23,982)	(3,762,870)
Net profit of the period	-	-	-	-	-	-	-	-	6,064,947	-	-	6,064,947	3,847	6,068,794
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	(1,895)	-	1,895	-	-	-	-	-
Change in non controlling interest from acquisition of subsidiaries	-	-	-	-	-	-	-	-	-	-	-	-	(536,867)	(536,867)
Reserve for transactions under common control	-	-	-	-	(679,155)	-	-	-	-	-	-	(679,155)	-	(679,155)
Net unrealised gain/(loss) on financial assets at fair value through OCI after tax	-	-	-	-	-	-	(8,522,293)	-	-	-	-	(8,522,293)	-	(8,522,293)
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	3,249	(3,249)	-	-	-	-	-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	-	208,752	-	-	-	-	208,752	-	208,752
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	190,974	-	190,974	-	190,974
Cumulative foreign currencies translation differences	-	-	-	-	-	-	-	-	-	-	100,603	100,603	99,192	199,795
Balance at the end of the period	29,990,563	4,770,354	39,095,497	1,550,906	(670,972)	21,155	(21,504,254)	15,230	6,330,323	1,667,377	281,927	61,548,106	122,621	61,670,727

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QRFNKQBKABKDBPD

CIB 1Q23 Consolidated Financial Statements - Commercial International Bank (egypt) S.A.E. (GDR) | RNS | Ticker

RNS Number : 3361Z

Commercial Intnl Bank (Egypt) SAE

14 May 2023

Commercial International Bank (Egypt) S.A.E.
Consolidated Financial Statements March 31, 2023
Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/3361Z_1-2023-5-14.pdf

Condensed Consolidated Interim Statement of Financial Position as at March 31, 2023
		Notes	Mar. 31, 2023			Dec. 31, 2022
			EGP Thousands			EGP Thousands
	Assets
	Cash and balances at the central bank	8	52,462,528			47,492,549
	Due from banks	9	170,682,323			133,856,720
	Loans and advances to banks, net	11	616,088			2,978,197
	Loans and advances to customers, net	12	213,047,067			193,599,872
	Derivative financial instruments		2,088,501			1,939,961
	Investments
	- Financial Assets at Fair Value through OCI	13	185,998,930			204,020,733
	- Financial Assets at Amortized cost	13	43,654,330			34,524,760
	- Investments in associates	14	157,091			186,062
	Non current assets held for sale	29	220,335			-
	Other assets	15	14,774,256			14,521,427
	Goodwill	26	85,954			96,268
	Intangible assets	27	21,597			24,188
	Deferred tax assets		-			185,746
	Property and equipment	16	2,478,113			2,405,434
	Total assets		686,287,113			635,831,917
	Liabilities and equity
	Liabilities
	Due to banks	17	8,286,885			3,496,698
	Due to customers	18	576,828,746			531,616,550
	Non current liabilities held for sale	30	890			-
	Derivative financial instruments		8,294			219,752
	Deferred tax liabilities		65,046			-
	Current income tax liabilities		1,991,935			3,051,583
	Other liabilities	19	16,078,448			11,606,912
	Issued debt instruments	20	3,069,231			2,456,607
	Other loans		9,586,379			7,978,975
	Other provisions	21	8,700,532			7,066,672
	Total liabilities		624,616,386			567,493,749
	Equity
	Issued and paid up capital		29,990,563			29,825,134
	Reserves		23,559,843			19,643,327
	Reserve for employee stock ownership plan (ESOP)		1,667,377			1,895,435
	Retained earnings *			6,330,323			16,393,841
	Total equity and net profit for the period / year		61,548,106			67,757,737
	Non Controlling Interest		122,621			580,431
	Total minority interest, equity and net profit for the period / year		61,670,727			68,338,168
	Total liabilities and equity		686,287,113			635,831,917
	The accompanying notes are an integral part of these financial statements .
	(Limited review report attached) * Including net profit for the current period




	Hussein Abaza			Hisham Ezz Al-Arab
	CEO & Managing Director				Chairman

Condensed Consolidated Interim Income Statement for the period ended March 31, 2023

Notes

Mar. 31, 2023

Mar. 31, 2022

EGP Thousands

Interest and similar income

19,823,554

12,006,043

Interest and similar expense

(8,939,377)

(5,288,771)

Net interest income

10,884,177

6,717,272

Fee and commission income

2,005,304

1,203,252

Fee and commission expense

(792,175)

(515,125)

Net fee and commission income

1,213,129

688,127

Dividend income

32,362

37,800

Net trading income

1,851,908

732,821

Profits (Losses) on financial investments

70,920

1,040,297

Administrative expenses

(2,063,690)

(1,670,887)

Other operating (expenses) income

(2,040,922)

(1,431,967)

Goodwill amortization

(10,314)

Intangible assets amortization

(2,591)

Impairment release (charges) for credit losses

(944,829)

38,692

Bank's share in the profits / losses of associates

(14,871)

2,841

Profit before income tax

8,975,279

6,142,091

Income tax expense

(2,262,132)

(1,372,939)

Deferred tax assets (Liabilities)

(645,223)

(509,534)

Net profit from continued operations

6,067,924

4,259,618

Discontinued Operations

Net profit from discontinued operations

870

Net profit for the period

6,068,794

4,259,618

Non Controlling Interest

3,847

15,387

Bank's shareholders

6,064,947

4,244,231

Earning per share

Basic

1.81

1.26

Diluted

1.79

1.24

Hussein Abaza

Hisham Ezz Al-Arab

CEO & Managing Director

Chairman

Condensed Consolidated Interim statement of Comprehensive Income for the period ended March 31, 2023

Mar. 31, 2023

Mar. 31, 2022

EGP Thousands

Net profit for the period

6,068,794

4,259,618

Change in fair value of Financial investments measured at fair value through comprehensive income after tax

(8,522,293)

(3,961,167)

Transferred to RE from financial assets at fair value through comprehensive income

(1,895)

(4,201)

Cumulative foreign currencies translation differences

281,927

52,636

Effect of ECL in fair value of debt instruments measured at fair value through comprehensive income

208,752

101,602

Total comprehensive income for the period

(1,964,715)

448,488

As follows:

Bank's shareholders

(1,968,562)

433,101

Non Controlling Interest

3,847

15,387

Total comprehensive income for the period

(1,964,715)

448,488

Condensed Consolidated Interim Cash flows for the period ended March 31 2023

	Notes	Mar. 31, 2023	Mar. 31, 2022
		EGP Thousands	EGP Thousands

Cash flow from operating activities
Profit before income tax from continued operations		8,975,279	6,142,091
Profit from discontinued operations		870	-
Adjustments to reconcile profits to net cash provided by operating activities
Fixed assets depreciation	16	228,065	223,781
Impairment (Released) charge for credit losses (Loans and advances to customers and banks)		707,740	(145,266)
Other provisions charges	21	464,311	1,036,252
Impairment (Released) charge for credit losses (due from banks)		2,096	4,776
Impairment (Released) charge for credit losses (financial investments)		234,993	101,798
Impairment (Released) charge for other assets		-	(277,768)
Exchange revaluation differences for financial assets at fair value through OCI and AC		(6,033,831)	63
Goodwill amortization	26	10,314	10,314
Intangible assets amortization	27	2,591	2,591
Utilization of other provisions	21	(345)	(156)
Other provisions no longer used	21	-	(385)
Exchange differences of other provisions	21	1,169,894	278,463
profits from selling property and equipment		(118)	(50)
profits from selling financial investments at fair value through OCI	13	(70,920)	(1,040,297)
Shares based payments		190,974	175,235
Bank's share in the profits / losses of associates		14,871	(2,841)
Operating profits before changes in operating assets and liabilities		5,896,784	6,508,601

Net decrease (increase) in assets and liabilities
Due from banks		12,110,117	25,468,271
Financial assets at fair value through P&L		-	239,339
Derivative financial instruments		(359,998)	(680,085)
Loans and advances to banks and customers	11 - 12	(17,792,410)	(12,821,977)
Other assets		(96,139)	1,844,416
Non current assets held for sale		(220,335)	-
Due to banks	17	4,790,187	2,859,939
Due to customers	18	45,212,196	21,780,515
Current income tax obligations paid		(270,197)	(259,516)
Non current liabilities held for sale		890	-
Other liabilities		(354,332)	1,860,904
Net cash generated from (used in) operating activities		48,916,763	46,800,407

Cash flow from investing activities
Payment for purchases of property, equipment and branches constructions		(457,850)	(92,999)
Proceeds from selling property and equipment		118	50
Proceeds from redemption of financial assets at amortized cost		196,783	2,609,283
Payment for purchases of financial assets at amortized cost		(8,533,818)	(2,474,553)
Payment for purchases of financial assets at fair value through OCI		(32,339,905)	(68,625,535)
Proceeds from selling financial assets at fair value through OCI		46,767,421	78,456,150
Payment for investment in subsidiaries.		(1,008,761)	-
Net cash generated from (used in) investing activities		4,623,988	9,872,396






Condensed Consolidated Interim Cash flows for the period ended March 31, 2023 (Cont.)

		Mar. 31, 2023	Mar. 31, 2022
		EGP Thousands	EGP Thousands

Cash flow from financing activities
Other loans		1,607,404	1,035,994
Dividends paid		(1,988,585)	(4,410,322)
Issued debt instruments		612,624	253,338
Capital increase		165,429	122,716
Net cash generated from (used in) financing activities		396,872	(2,998,274)


Net (decrease) increase in cash and cash equivalent during the period		53,937,623	53,674,529
Beginning balance of cash and cash equivalent		92,969,526	61,065,822
Cash and cash equivalent at the end of the period		146,907,149	114,740,351

Cash and cash equivalent comprise:
Cash and balances at the central bank		52,462,528	30,581,505
Due from banks		170,733,811	121,128,084
Treasury bills and other governmental notes	10	68,681,151	40,379,000
Obligatory reserve balance with CBE		(46,005,523)	(26,188,639)
Due from banks with maturities more than three months		(29,664,721)	(10,245,456)
Treasury bills with maturity more than three months		(69,300,097)	(40,914,143)
Total cash and cash equivalent		146,907,149	114,740,351


Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended March 31, 2022
Mar. 31, 2022	Issued and paid up 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
														EGP Thousands
Beginning balance	19,702,418	3,293,074	28,260,532	1,550,906	8,183	16,000	641,372	9,141	13,696,402	1,674,392	(4,218)	68,848,202	454,535	69,302,737
Capital increase	122,716	-	502,922	-	-	-	-	-	-	(502,922)	-	122,716	-	122,716
Transferred to reserves	-	670,872	8,333,404	-	-	2,947	-	-	(9,007,223)	-	-	-	-	-
Dividends paid	-	-	-	-	-	-	-	-	(4,410,322)	-	-	(4,410,322)	-	(4,410,322)
Net profit of the period	-	-	-	-	-	-	-	-	4,244,231	-	-	4,244,231	15,387	4,259,618
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	(4,201)	-	4,201	-	-	-	-	-
Net unrealized gain/(loss) on financial assets at fair value through OCI after tax	-	-	-	-	-	-	(3,961,167)	-	-	-	-	(3,961,167)	-	(3,961,167)
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	2,840	(2,840)	-	-	-	-	-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	-	101,602	-	-	-	-	101,602	-	101,602
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	175,235	-	175,235	-	175,235
Cumulative foreign currencies translation differences	-	-	-	-	-	-	-	-	-	-	56,854	56,854	39,279	96,133
Balance at the end of the period	19,825,134	3,963,946	37,096,858	1,550,906	8,183	18,947	(3,222,394)	11,981	4,524,449	1,346,705	52,636	65,177,351	509,201	65,686,552







Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended March 31, 2023

Mar. 31, 2023	Issued and paid up 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
														EGP Thousands
Beginning balance	29,825,134	3,963,946	27,096,858	1,550,906	8,183	18,947	(13,188,818)	11,981	16,393,841	1,895,435	181,324	67,757,737	580,431	68,338,168
Capital increase	165,429	-	-	-	-	-	-	-	-	-	-	165,429	-	165,429
Transferred to reserves	-	806,408	11,998,639	-	-	2,208	-	-	(12,388,223)	(419,032)	-	-	-	-
Dividends paid	-	-	-	-	-	-	-	-	(3,738,888)	-	-	(3,738,888)	(23,982)	(3,762,870)
Net profit of the period	-	-	-	-	-	-	-	-	6,064,947	-	-	6,064,947	3,847	6,068,794
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	(1,895)	-	1,895	-	-	-	-	-
Change in non controlling interest from acquisition of subsidiaries	-	-	-	-	-	-	-	-	-	-	-	-	(536,867)	(536,867)
Reserve for transactions under common control	-	-	-	-	(679,155)	-	-	-	-	-	-	(679,155)	-	(679,155)
Net unrealised gain/(loss) on financial assets at fair value through OCI after tax	-	-	-	-	-	-	(8,522,293)	-	-	-	-	(8,522,293)	-	(8,522,293)
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	3,249	(3,249)	-	-	-	-	-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	-	208,752	-	-	-	-	208,752	-	208,752
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	190,974	-	190,974	-	190,974
Cumulative foreign currencies translation differences	-	-	-	-	-	-	-	-	-	-	100,603	100,603	99,192	199,795
Balance at the end of the period	29,990,563	4,770,354	39,095,497	1,550,906	(670,972)	21,155	(21,504,254)	15,230	6,330,323	1,667,377	281,927	61,548,106	122,621	61,670,727

END

QRFNKQBKABKDBPD

TIDM	CBKD
Share Price	Loading...
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Date	15 May 2023
Time	07:00:02
Category	Results
ID	3361Z

TIDM	CBKD
Share Price	Loading...
Market Cap	Loading...

Date	15 May 2023
Time	07:00:02
Category	Results
ID	3361Z

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CIB 1Q23 Consolidated Financial Statements

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