Commercial International Bank Egypt E : CIB 1H22 Condensed Consolidated Financial Statements

June 2022- InterimCondensed

THE BANK TO TRUST

Condensed Consolidated Interim Balance Sheet as at June 30, 2022

Notes	Jun. 30, 2022	Dec. 31, 2021
EGP Thousands	EGP Thousands

Assets

Cash and balances at the central bank	8	41,970,190	43,492,248
Due from banks	9	56,928,062	80,141,769
Loans and advances to banks, net	11	1,308,243	312,216
Loans and advances to customers, net	12	170,618,940	145,575,243
Derivative financial instruments		877,137	225,376
Investments
- Financial Assets at Fair Value through P&L	13	1,648	240,987
- Financial Assets at Fair Value through OCI	13	216,824,006	193,198,894
- Financial Assets at Amortized cost	13	19,989,504	20,547,465
- Investments in associates	14	210,529	205,315
Other assets	15	11,673,059	11,207,128
Goodwill	26	116,896	137,525
Intangible assets	27	29,371	34,554
Deferred tax assets (Liabilities)		457,693	456,002
Property and equipment	16		2,457,931		2,461,116
Total assets		523,463,209	498,235,838
Liabilities and equity
Liabilities
Due to banks	17	2,958,999	866,056
Due to customers	18	428,866,287	407,241,538
Derivative financial instruments		34,934	265,470
Current income tax liabilities		2,330,166	2,234,985
Other liabilities	19	10,016,342	8,085,545
Issued debt instruments	20	1,864,924	1,557,263
Other loans		5,987,651	5,140,782
Other Provisions	21		5,356,851		3,541,462
Total liabilities		457,416,154	428,933,101
Equity
Issued and paid up capital		19,825,134	19,702,418
Reserves		36,096,343	33,774,990
Reserve for employee stock ownership plan (ESOP)		1,555,725	1,674,392
Retained earnings *			8,045,041		13,696,402
Total equity and net profit for the period / year			65,522,243		68,848,202
Minority interest			524,812		454,535
Total minority interest, equity and net profit for the period / year		66,047,055		69,302,737
Total liabilities and equity		523,463,209	498,235,838

The accompanying notes are an integral part of these financial statements . (Review report attached)

• Including net profit for the current period

0
Hussein Abaza	Sherif Samy
CEO & Managing Director	Chairman

Condensed Consolidated Interim Income Statement for the period ended June 30, 2022

		Last 3 Months	Last 6 Months	Last 3 Months	Last 6 Months
	Notes	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2021
		EGP Thousands	EGP Thousands	EGP Thousands	EGP Thousands
Interest and similar income		12,306,957		24,313,000		10,895,085		21,016,794
Interest and similar expense		(5,295,544)	(10,584,315)	(4,875,713)	(9,319,909)
Net interest income		7,011,413		13,728,685		6,019,372		11,696,885
Fee and commission income		1,208,252		2,411,504		957,460		1,801,723
Fee and commission expense		(557,764)	(1,072,889)	(353,568)	(687,236)
Net fee and commission income		650,488		1,338,615		603,892		1,114,487
Dividend income		16,757		54,557		63,481		63,572
Net trading income	5	281,458		1,014,279		165,841		278,559
Profits (Losses) on financial investments	13	25,146		1,065,443		108,232		601,887
Administrative expenses		(1,599,462)	(3,270,349)	(1,470,734)	(2,945,811)
Other operating (expenses) income	6	(1,079,219)	(2,511,186)	(588,599)	(1,115,219)
Goodwill amortization	26	(10,315)	(20,629)	(10,315)	(20,629)
Intangible assets amortization	27	(2,592)	(5,183)	(2,592)	(5,183)
Impairment release (charges) for credit losses		(112,669)	(73,977)	(318,132)	(1,020,214)
Bank's share in the profits of associates		2,373		5,214		733		11,794
Profit before income tax		5,183,378		11,325,469		4,571,179		8,660,128
Income tax expense	28	(1,641,505)	(3,014,444)	(1,381,567)	(2,590,814)
Deferred tax assets (Liabilities)	28	(21,164)	(530,698)	25,083		18,844
Net profit for the period		3,520,709		7,780,327		3,214,695		6,088,158
Minority interest		9,581		15,530		(2,131)	(1,712)
Bank shareholders		3,511,128		7,764,797		3,216,826		6,089,870
Earning per share	7
Basic		1.58		3.48		1.43		2.75
Diluted		1.56		3.44		1.42		2.71

Hussein Abaza	Sherif Samy
CEO & Managing Director	Chairman

Condensed Consolidated Interim statement of Comprehensive Income for the period ended June 30, 2022

Net profit for the period

Change in fair value of debt instruments measured at fair value through other comprehensive income after income tax Transferred from reserve on disposal of financial assets at fair value through OCI

Cumulative foreign currencies translation differences

Effect of ECL in fair value of debt instruments measured at fair value through OCI

Total other comprehensive income

As follows:

Bank's shareholders

Minority interest

Total comprehensive income for the period

	Last 3 Months			Last 6 Months		Last 3 Months	Last 6 Months
	Jun. 30, 2022			Jun. 30, 2022		Jun. 30, 2021	Jun. 30, 2021
	EGP Thousands			EGP Thousands		EGP Thousands	EGP Thousands
3,520,709			7,780,327		3,214,695		6,088,158
(3,415,968)		(7,377,135)	49,893		(1,625,170)
(26)		(4,227)	-		(104,406)
28,688			81,324		(4,898)	(4,044)
	2,586				104,188			(39,469)	(54,113)
	135,989				584,477			3,220,221		4,300,425
126,408			568,947		3,222,352		4,302,137
	9,581				15,530			(2,131)	(1,712)
	135,989				584,477			3,220,221		4,300,425