QNB Alahli E : Q3 2022 Consolidated

QNB ALAHLI S.A.E

)Egyptian Joint Stock Company(

Consolidated Financial Statements

Together With Limited Review Report

For The Period Ended September 30, 2022

KPMG Hazem Hassan	BDO Khaled & Co.
Public Accountants & Consultants	Public Accountants & Advisers

QNB ALAHLI S.A.E

Consolidated Statement of Financial Position

As at 30 September 2022			(All amounts are shown in Egyptian Pounds)
		Note	September 30, 2022	December 31, 2021
	Assets:
	Cash and due from Central Bank of Egypt (CBE)	(16)	35,766,647,249	22,641,706,445
	Due from banks	(17)	47,806,206,891	17,311,427,927
	Treasury bills	(18)	37,517,695,609	40,037,854,401
	Trading investments	(19)	99,836,235	409,760,928
	Loans and credit facilities to customers	(20)	200,663,923,974	172,828,554,467
	Financial derivatives	(21)	117,378,360	36,542,265
	Financial Investments:
	- Fair value through other comprehensive income	(22)	16,288,730,024	15,123,771,188
	- Amortized cost	(22)	93,628,778,214	77,380,468,113
	- Fair value through profit or loss	(22)	74,221,794	92,563,379
	Intangible assets	(23)	291,079,640	282,189,711
	Other assets	(24)	8,029,126,286	7,217,604,583
	Deferred tax assets	(32)	102,064,865	70,602,319
	Finance lease		3,685,187,914	3,298,372,384
	Property and equipment	(25)	2,751,736,019	2,837,249,783
	Total assets		446,822,613,074	359,568,667,893
	Liabilities and equity:
	Liabilities:
	Due to banks	(26)	3,842,401,249	3,458,687,747
	Customer deposits	(27)	375,940,202,776	295,491,962,118
	Financial derivatives	(21)	19,699,342	47,683,515
	Other loans	(28)	3,191,154,789	2,882,244,636
	Other liabilities	(29)	5,446,892,230	4,434,170,818
	Other provisions	(30)	590,548,898	526,745,974
	Insurance policyholders' rights	(31)	4,739,485,225	4,034,207,132
	Current income tax payable		1,993,065,260	1,773,988,334
	Defined benefits obligation	(33)	571,162,000	543,536,132
	Total liabilities		396,334,611,769	313,193,226,406
	Equity:
	Issued and paid-up capital	(34)	10,774,114,830	10,774,114,830
	Reserves	(35)	26,503,550,586	22,578,768,494
	Profit for the period / year and retained earnings	(35)	13,210,294,648	13,022,516,998
	Total equity attributable to equity holders of the bank		50,487,960,064	46,375,400,322
	Non-controlling interests		41,241	41,165
	Total equity		50,488,001,305	46,375,441,487
	Total liabilities and equity		446,822,613,074	359,568,667,893

Mohamed Bedeir	Ali Rashid Al-Mohannadi
Chief Executive Officer	Chairman of the Board of Directors

The accompanying notes from (1) to (40) are an integral part of these Consolidated Financial Statements. (Limited review report attached).

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QNB ALAHLI S.A.E

Consolidated Income Statement

For Nine Months Period Ended 30 September 2022

(All amounts are shown in Egyptian Pounds)

	Note	From July 01, 2022		From January 01, 2022	From July 01, 2021	From January 01, 2021
	To September 30, 2022		To September 30, 2022	To September 30, 2021	To September 30, 2021
Interest on loans and similar income	(6)	11,515,895,538		30,752,293,267	8,156,454,851	23,297,544,238
Cost of deposits and similar expense	(6)	(6,317,323,788)		(16,643,111,110)	(4,293,827,994)	(12,064,625,768)
Net interest income		5,198,571,750		14,109,182,157	3,862,626,857	11,232,918,470
Fee and commission income	(7)	959,713,699		2,692,654,072	760,400,970	2,169,799,017
Fee and commission expense	(7)	(354,751,311)		(945,406,645)	(268,366,085)	(691,144,246)
Net interest, fee and commission income		5,803,534,138		15,856,429,584	4,354,661,742	12,711,573,241
Dividend income	(8)	3,904,205		39,812,142	9,706,770	46,377,599
Net trading income	(9)	27,498,900		180,082,509	29,682,286	77,674,787
Gain on financial investments	(22)	34,630,639		61,293,789	1,869,469	5,332,018
Impairment credit losses	(12)	(875,415,209)		(2,534,178,774)	(321,283,173)	(1,313,371,671)
Administrative expenses	(10)	(1,224,927,248)		(3,539,272,352)	(1,095,490,169)	(3,044,388,802)
Other operating revenues (expenses)	(11)	110,286,671		751,085,513	(165,149,716)	112,727,405
Share of results of associates		-		-	-	(141,309)
Profit before income tax		3,879,512,096		10,815,252,411	2,813,997,209	8,595,783,268
Income tax expense	(13)	(1,302,215,253)		(3,483,669,135)	(905,541,438)	(2,589,257,967)
Net profit for the period		2,577,296,843		7,331,583,276	1,908,455,771	6,006,525,301
Attributable to:
Equity holders of the Bank		2,577,296,811		7,331,583,200	1,908,455,770	6,006,525,293
Non-controlling interests		32		76	1	8
Net profit for the period		2,577,296,843		7,331,583,276	1,908,455,771	6,006,525,301
Earnings per share	(14)		2.88		2.39

Mohamed Bedeir	Ali Rashid Al-Mohannadi
Chief Executive Officer	Chairman of the Board of Directors

The accompanying notes from (1) to (40) are an integral part of these Consolidated Financial Statements.

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QNB ALAHLI S.A.E
Consolidated Statement of Comprehensive Income
For Nine Months Period Ended 30 September 2022			(All amounts are shown in Egyptian Pounds)
	From July 01, 2022	From January 01, 2022	From July 01, 2021	From January 01, 2021
	To September 30, 2022	To September 30, 2022	To September 30, 2021	To September 30, 2021
Net profit for the period	2,577,296,843	7,331,583,276	1,908,455,771	6,006,525,301

Other comprehensive income items that will not be reclassified to the Profit or Loss:

Net change in fair value of investments in equity instruments measured at fair value through other comprehensive income

Tax impact related to other comprehensive income that will not be reclassified to the profit or loss

Amount transferred to retained earning, net of tax

Other comprehensive income items that is or may be reclassified to the profit or loss:

)2,536,282(	2,143,661	)43,394,818(	57,335,690
)1,984,983(	)10,232,085(	)93,645(	81,351
-	-	)319,163(	)319,163(

Net change in fair value of debt instruments measured at fair value through other comprehensive income

Tax impact related to other comprehensive income that will be reclassified to the profit or loss

Expected credit loss for fair value of debt instruments measured at fair value through other comprehensive income

)476,543,055(	)784,028,060(	)33,258,971(	)71,930,073(
11,997,628	37,390,476	1,844,159	7,993,480
118,404	172,049	16,085	2,662

Total other comprehensive income items for the period net of tax	(468,948,288)	(754,553,959)	)75,206,353(	)6,836,053(
Total comprehensive income for the period, net of tax	2,108,348,555	6,577,029,317	1,833,249,418	5,999,689,248
Attributable to:
Equity holders of the Bank	2,108,348,523	6,577,029,241	1 833 249 417	5,999,689,240
Non-controlling interests	32	76	1	8
Total comprehensive income	2,108,348,555	6,577,029,317	1,833,249,418	5,999,689,248
for the period, net of tax

The accompanying notes from (1) to (40) are an integral part of these Consolidated Financial Statements.

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