CIB 3Q21 Consolidated Condensed Financial Results

September 2021-InterimCondensed

THE BANK TO TRUST

Condensed Consolidated Interim Balance Sheet as at September 30, 2021

Notes	Sep. 30, 2021	Dec. 31, 2020
EGP Thousands	EGP Thousands

Assets

Cash and balances at the central bank	7	33,326,348			33,768,549
Due from banks	8	72,234,555			87,426,301
Loans and advances to banks, net	10	-			776,980
Loans and advances to customers, net	11	139,923,206			119,570,005
Derivative financial instruments		267,016			248,759
Investments
- Financial Assets at Fair Value through P&L	12	206,699			359,959
- Financial Assets at Fair Value through OCI	12	212,487,239			148,118,372
- Amortized cost	12	20,533,947			25,285,225
- Investments in associates	13	331,602			139,871
Other assets		10,582,643			9,175,525
Goodwill	23	147,839			178,782
Intangible assets	24	37,146			44,920
Deferred tax assets (Liabilities)		445,594			437,772
Property and equipment	14		2,508,417			2,311,147
Total assets		493,032,251			427,842,167
Liabilities and equity
Liabilities
Due to banks	15	1,546,050			8,817,535
Due to customers	16	404,203,107			341,169,450
Derivative financial instruments		324,863			331,073
Current tax liabilities		1,962,488			859,582
Other liabilities		8,002,075			5,735,269
Issued debt instruments	17	1,556,032			-
Other loans		5,633,101			7,746,946
Provisions	18		3,343,071			3,223,501
Total liabilities		426,570,787			367,883,356
Equity
Issued and paid up capital		19,702,418			14,776,813
Reserves		34,459,488			33,094,580
Reserve for employee stock ownership plan (ESOP)		1,542,292			1,064,648
Retained earnings *			10,301,362			10,539,715
Total equity and net profit for the period / year			66,005,560			59,475,756
Minority interest			455,904			483,055
Total minority interest, equity and net profit for the period / year		66,461,464			59,958,811
Total liabilities and equity		493,032,251			427,842,167
The accompanying notes are an integral part of these financial statements .
(Review report attached)
* Including net profit for the current period
0
0
0
Hussein Abaza			Sherif Samy
CEO & Managing Director			Chairman

Condensed Consolidated Interim Income Statement for the period ended September 30, 2021

			Last 3 Months			Last 9 Months		Last 3 Months	Last 9 Months
	Notes		Sep. 30, 2021			Sep. 30, 2021		Sep. 30, 2020	Sep. 30, 2020
			EGP Thousands			EGP Thousands		EGP Thousands	EGP Thousands
Interest and similar income		11,637,222			32,654,016		10,598,726		31,521,368
Interest and similar expense			(5,179,478)		(14,499,387)	(4,235,829)	(12,681,144)
Net interest income			6,457,744				18,154,629			6,362,897		18,840,224
Fee and commission income		1,099,130			2,900,853		663,330		2,142,547
Fee and commission expense			(442,713)		(1,129,949)	(310,289)	(803,346)
Net fee and commission income			656,417				1,770,904			353,041		1,339,201
Dividend income		18,854			57,451		14,431		40,393
Net trading income	5	212,228			490,787		51,001		228,232
Profits (Losses) on financial investments	12	56,596			658,483		53,913		885,918
Administrative expenses		(1,492,421)		(4,438,232)	(1,352,498)	(4,200,518)
Other operating (expenses) income		(255,488)		(1,370,707)	(187,946)	(2,035,158)
Goodwill amortization	23	(10,314)		(30,943)	(11,921)	(20,302)
Intangible assets amortization	24	(2,591)		(7,774)	-		-
Impairment release (charges) for credit losses		(303,307)		(1,323,521)	(1,603,212)	(3,862,866)
Bank's share in the profits of associates			6,560				18,354			17,333		24,327
Profit before income tax		5,344,278			13,979,431		3,697,039		11,239,451
Income tax expense		(1,525,115)		(4,115,929)	(1,306,332)	(3,958,540)
Deferred tax assets (Liabilities)			(6,983)		11,861		(44,220)	63,381
Net profit for the period			3,812,180				9,875,363			2,346,487		7,344,292
Minority interest			(220)		(1,932)	(2,100)	(2,100)
Bank shareholders			3,812,400				9,877,295			2,348,587		7,346,392
Earning per share	6
Basic		1.71			4.44		1.08		3.34
Diluted		1.70			4.42		1.07		3.32

Hussein Abaza	Sherif Samy
CEO & Managing Director	Chairman