Commercial International Bank Egypt E : CIB1Q2022 Separate Financial results
April 15, 2022 at 04:10 am EDT
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March 2022-InterimCondensed
THE BANK TO TRUST
Condensed Separate Interim Balance Sheet as at March 31, 2022
0 0
0 0
Assets
Cash and balances at the central bank Due from banks
Loans and advances to banks, net Loans and advances to customers, net Derivative financial instruments Investments
- Financial Assets at Fair Value through P&L
- Financial Assets at Fair Value through OCI
- Amortized cost
- Investments in associates and subsidiaries
Other assets
Deferred tax assets (Liabilities) Property and equipment Total assets Liabilities and equity Liabilities
Due to banks Due to customers
Derivative financial instruments Current tax liabilities
Other liabilities
Issued debt instruments Other loans
Other Provisions Total liabilities Equity
Issued and paid up capital Reserves
Reserve for employee stock ownership plan (ESOP) Retained earnings *
Total equity and net profit for the period / year Total liabilities and equity
The accompanying notes are an integral part of these financial statements.
(Review report attached)
* Including net profit for the current period
Hussein Abaza CEO & Managing Director
Notes
8 9 11 12
13
13
13
14
15
16
17 18
19 20
21
120,898,421 79,991,287
Dec. 31, 2021
EGP Thousands
30,471,454 43,385,222
312,216 144,765,808
884,030 225,376
1,648 240,987
179,382,229 192,390,931
20,139,599 20,318,767
1,014,350 1,014,350
9,554,515 11,141,917
460,026
2,284,285 2,404,237
522,879,360 496,651,124
862,759 406,100,916 265,265
1,113,423 2,234,985
12,133,075 8,021,310
1,810,601 1,557,263
6,176,776 5,140,782
4,853,905 3,539,676
457,681,355 427,722,956
19,825,134 19,702,418
39,418,823 33,767,423
1,346,705 1,674,392
4,607,343 13,783,935
65,198,005 68,928,168
522,879,360 496,651,124
-
-
Sherif Samy
-
Chairman
Condensed Separate Interim Income Statement for the period ended March 31, 2022
Notes
Interest and similar income
Interest and similar expense
Net interest income
Fee and commission income
Fee and commission expense Net fee and commission income
Dividend income
Net trading income 5
Profits (Losses) on financial investments 13
Administrative expenses
Other operating (expenses) income 6
Impairment release (charges) for credit losses
Profit before income tax
Income tax expense
Deferred tax assets (Liabilities)
Net profit for the period
Earning per share 7
Basic
716,066 112,718
Last 9 Months Mar. 31, 2021
EGP Thousands
10,120,581
(4,444,196)
6,602,659 5,676,385
844,128
(333,561)
510,567
91
1,021,334 493,655
(1,545,348) (1,472,944)
(1,425,498) (526,604)
40,525 (702,082)
4,091,786
(1,209,247)
(6,239)
2,876,300
1.90 1.29
Diluted
1.87 1.27
Financial statements
Hussein Abaza CEO & Managing Director
0
Sherif Samy
Chairman
Condensed Separate Interim statement of Comprehensive Income for the period ended March 31, 2022
Last 9 Months
Last 9 Months
Mar. 31, 2022
Mar. 31, 2021
EGP Thousands
EGP Thousands
Net profit for the period
4,239,592
2,876,300
Change in fair value of debt instruments measured at fair value
through other comprehensive income after income tax
(3,958,945)
(1,674,309)
Transferred from reserve on disposal of financial assets at fair value
through OCI
(4,201)
(104,406)
Effect of ECL in fair value of debt instruments measured at fair
value through OCI
101,561
(14,644)
Total comprehensive income for the period
378,007
1,082,941
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Disclaimer
CIB - Commercial International Bank (Egypt) SAE published this content on 15 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2022 08:09:04 UTC.
Commercial International Bank (Egypt) S.A.E. is one of the Egyptian largest banking groups. The activity is organized around four sectors:
- corporate banking;
- retail banking;
- financing and investments banking;
- other: primarily asset management.
At the end of 2022, the group manages EGP 531.6 billion of current deposits and EGP 193.6 billion of current credits.
Products and services are marketed via a network of 211 branches located in Egypt.