CIB 1H2025 Condensed Separate Financials

RNS Number : 9511R

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

100,535,373

136,165,920

Due from banks

231,774,988

270,089,441

Loans and advances to banks, net

28,273,497

9,555,410

Loans and advances to customers, net

419,494,572

340,955,698

Derivative financial instruments

1,165,796

819,711

Financial investments

- Financial Assets at Fair Value through OCI

262,186,573

233,029,903

- Financial Assets at Amortized cost

210,324,232

167,276,956

Investments in subsidiaries and associates

853,165

871,525

Non-current assets held for sale

159,828

Other assets

52,719,250

44,175,232

Deferred tax assets

2,558,253

2,337,304

Property and equipment

4,577,331

3,881,620

Total assets

1,314,622,858

1,209,318,548

Liabilities and equity

Liabilities

Due to banks

2,975,504

2,317,715

Due to customers

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

27,329,336

21,347,499

Issued debt instruments

4,948,964

5,067,781

Other loans

31,250,581

23,962,389

Other provisions

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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END

IR EANXFAEPSEFA

Date	22 Jul 2025
Time	07:00:07
Category	Results
ID	9511R

Date	22 Jul 2025
Time	07:00:07
Category	Results
ID	9511R

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CIB 1H2025 Condensed Separate Financials