|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial International Bank (Egypt) S.A.E. |
Unconsolidated Financial Statements |
September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
FINANCIAL POSITION |
|
|
|
|
As of September 30, 2014 |
|
|
|
|
Amounts in EGP Thousands. |
Note |
Sep. 30, 2014 |
|
Dec. 31 ,2013 |
Assets |
|
|
|
|
|
|
|
|
|
Cash and Balances with Central Bank |
15 |
6,611,568 |
|
4,796,240 |
Due From Banks |
16 |
13,061,562 |
|
8,893,671 |
Treasury Bills and Other Governmental Notes |
17 |
26,581,039 |
|
23,654,813 |
Trading Financial Assets |
18 |
3,494,970 |
|
2,246,348 |
Loans and Advances to Banks |
19 |
142,304 |
|
132,422 |
Loans and Advances to Customers |
20 |
46,293,746 |
|
41,837,952 |
Derivative Financial Instruments |
21 |
67,779 |
|
103,085 |
Financial Investments |
|
|
|
|
Available for Sale |
22 |
25,547,265 |
|
23,363,501 |
Held to Maturity |
22 |
8,989,652 |
|
4,187,174 |
Investments in Subsidiary and Associates |
23 |
606,456 |
|
599,277 |
Investment Property |
24 |
4,056 |
|
9,696 |
Other Assets |
25 |
3,475,731 |
|
2,879,795 |
Deferred Tax |
33 |
84,193 |
|
83,755 |
Property, Plant and Equipment |
26 |
964,303 |
|
964,539 |
Total Assets |
|
135,924,624 |
|
113,752,268 |
|
|
|
|
|
Liabilities and Equity |
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
Due to Banks |
27 |
1,577,767 |
|
1,373,410 |
Due to Customers |
28 |
115,945,007 |
|
96,940,270 |
Derivative Financial Instruments |
21 |
107,954 |
|
114,879 |
Current Income Tax Obligations |
|
1,337,505 |
|
1,179,709 |
Other Liabilities |
30 |
2,333,270 |
|
1,446,040 |
Long Term Loans |
29 |
230,878 |
|
132,153 |
Other Provisions |
31 |
558,599 |
|
450,755 |
Total Liabilities |
|
122,090,980 |
|
101,637,223 |
|
|
|
|
|
Equity |
|
|
|
|
Issued & Paid- in Capital |
32 |
9,081,734 |
|
9,002,435 |
Reserves |
32 |
1,973,115 |
|
307,224 |
Reserve for Employee Stock Ownership Plan (ESOP) |
|
159,854 |
|
190,261 |
Total Equity |
|
11,214,703 |
|
9,499,920 |
Net Profit of the Period/Year After Tax |
|
2,618,941 |
|
2,615,125 |
Total Equity and Net Profit for the Period/Year |
|
13,833,644 |
|
12,115,045 |
Total Liabilities and Equity |
|
135,924,624 |
|
113,752,268 |
Contingent Liabilities and Commitments |
|
|
|
|
Letters of Credit, Guarantees and other commitments |
37 |
21,168,311 |
|
16,182,490 |
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
INCOME STATEMENT |
|
|
|
|
As of September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts in EGP Thousands. |
Note |
Sep. 30, 2014 |
|
Sep. 30, 2013 |
Interest and Similar Income |
|
8,199,148 |
|
6,959,203 |
Interest and Similar Expense |
|
(3,826,333) |
|
(3,274,451) |
|
|
|
|
|
Net Interest Income |
6 |
4,372,815 |
|
3,684,752 |
|
|
|
|
|
Fee and Commissions Income |
|
1,179,439 |
|
974,966 |
Fee and Commissions Expense |
|
(127,371) |
|
(93,749) |
Net Fees and Commission Income |
7 |
1,052,068 |
|
881,217 |
Dividend Income |
8 |
28,358 |
|
19,626 |
Net Trading Income |
9 |
573,952 |
|
571,097 |
Profit (losses) from Financial Investments |
22 |
73,866 |
|
(347,555) |
Administrative Expenses |
10 |
(1,194,054) |
|
(1,034,830) |
Other Operating (Expenses) Income |
11 |
(484,463) |
|
(288,339) |
Impairment (Charge) Release for Credit Losses |
12 |
(466,534) |
|
(565,928) |
Profit before Income Tax |
|
3,956,008 |
|
2,920,040 |
Income Tax Expense |
13 |
(1,337,505) |
|
(1,020,767) |
Deferred Tax |
33 & 13 |
438 |
|
(44,321) |
Net Profit of the Period |
|
2,618,941 |
|
1,854,952 |
Earnings per share |
14 |
|
|
|
Basic |
|
2.55 |
|
1.87 |
Diluted |
|
2.50 |
|
1.85 |
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
CASH FLOW STATEMENT 1a |
|
|
|
|
As of September 30, 2014 |
|
|
|
|
Amounts in EGP Thousands. |
|
Sep. 30, 2014 |
|
Sep. 30, 2013 |
Cash Flow From Operating Activities |
|
|
|
|
Profit Before Income Tax |
|
3,956,008 |
|
2,920,040 |
Adjustments To Reconcile Net Profit to Net Cash Provided by Operating Activities |
|
|
|
|
Depreciation |
|
157,913 |
|
153,471 |
Impairment Charges for credit losses |
|
466,534 |
|
565,928 |
Other Provisions Charges |
|
114,528 |
|
53,297 |
Trading Financial Investment Revaluation Differences |
|
(34,356) |
|
16,497 |
Available for sale and held to maturity investments exchange revaluation differences |
|
(36,176) |
|
(114,126,028) |
Financial Investments Impairment Charge (Release) |
|
1,493 |
|
(30,528) |
Utilization of Other Provisions |
|
(5,733) |
|
(1,117) |
Other Provisions No Longer Used |
|
- |
|
(142) |
Exchange Differences of Other Provisions |
|
(951) |
|
14,405 |
Profits From Selling Property, Plant and Equipment |
|
(689) |
|
(748) |
Profits From Selling Financial Investments |
|
(74,947) |
|
(2,375) |
Share Based Payments |
81,945 |
|
71,886 |
Investments in Subsidiary and Associates Revaluation |
(1) |
|
346,618 |
|
|
|
|
|
Operating Profits Before Changes in Operating Assets and Liabilities |
|
4,623,568 |
|
3,993,106 |
|
|
|
|
|
Net Decrease (Increase) in Assets and Liabilities |
|
|
|
|
Due from banks |
|
(4,138,300) |
|
(966,216) |
Treasury Bills & Other Governmental Notes |
|
(3,085,888) |
|
(8,063,793) |
Trading Financial Assets |
|
(1,214,266) |
|
(705,712) |
Derivative Financial Instruments |
|
28,381 |
|
30,969 |
Loans and Advances to Banks and Customers |
|
(4,932,210) |
|
(794,007) |
Other Assets |
|
(559,213) |
|
(52,175) |
Due to Banks |
|
204,357 |
|
(1,082,770) |
Due to Customers |
|
19,004,737 |
|
15,275,027 |
Income Tax Obligations Paid |
|
(1,179,709) |
|
(819,362) |
Other Liabilities |
|
887,223 |
|
165,393 |
Net Cash Provided from Operating Activities |
|
9,638,680 |
|
6,980,460 |
|
|
|
|
|
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
CASH FLOW STATEMENT 1b |
|
|
|
|
As of September 30, 2014 |
|
Sep. 30, 2014 |
|
Sep. 30, 2013 |
Cash Flow From Investing Activities |
|
|
|
|
Purchase of Subsidiary and Associates |
|
(7,178) |
|
(7,528) |
Purchases of Property, Plant and Equipment |
|
(193,711) |
|
(433,398) |
Redemption of Held-to-Maturity Financial Investments |
|
2,473 |
|
14,139 |
Purchases of Held to Maturity Financial Investments |
|
(4,804,951) |
|
- |
Purchases of Available for Sale Financial Investments |
|
(6,851,235) |
|
(4,969,114) |
Proceeds from Selling Available for Sale Financial Investments |
|
4,970,853 |
|
3,599,317 |
Proceeds from Selling Real Estate Investments |
|
5,640 |
|
700 |
Net Cash Generated from (Used in) Investing Activities |
|
(6,878,109) |
|
(1,795,884) |
|
|
|
|
|
Cash Flow From Financing Activities |
|
|
|
|
Increase (Decrease) in Long Term Loans |
|
98,725 |
|
29,610 |
Dividend Paid |
|
(1,253,338) |
|
(1,055,843) |
Capital Increase |
|
79,299 |
|
29,349 |
Net Cash Generated from (Used in) Financing Activities |
|
(1,075,314) |
|
(996,884) |
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalent During the Period |
|
1,685,257 |
|
4,187,692 |
Beginning Balance of Cash and Cash Equivalent |
|
11,758,996 |
|
5,536,080 |
Cash and Cash Equivalent At the End of the Period |
|
13,444,253 |
|
9,723,772 |
|
|
|
|
|
Cash & Cash Equivalent Comprise |
|
|
|
|
Cash and Balances with Central Bank |
|
6,611,568 |
|
3,956,054 |
Due From Banks |
|
13,061,562 |
|
8,903,524 |
Treasury Bills and Other Governmental Notes |
|
26,581,039 |
|
21,687,838 |
Obligatory Reserve Balance With CBE |
|
(3,432,882) |
|
(3,201,658) |
Due from Banks (Time Deposits) More than Three Months |
|
(9,078,408) |
|
(5,495,114) |
Treasury Bills with Maturity More than Three Months |
|
(20,298,626) |
|
(16,126,872) |
Total Cash & Cash Equivalent |
|
13,444,253 |
|
9,723,772 |
