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

June 2022- InterimCondensed

THE BANK TO TRUST

Condensed Separate Interim Balance Sheet as at June 30, 2022

0	Notes		Jun. 30, 2022		Dec. 31, 2021
0		EGP Thousands		EGP Thousands
Assets
Cash and balances at the central bank	8	41,845,093			43,385,222
Due from banks	9	56,970,904			79,991,287
Loans and advances to banks, net	11	1,308,243			312,216
Loans and advances to customers, net	12	169,610,784			144,765,808
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	215,842,642			192,390,931
- Financial Assets at Amortized cost	13	19,723,117			20,318,767
- Investments in associates and subsidiaries	14	1,064,250			1,014,350
Other assets	15	11,626,924			11,141,917
Deferred tax assets (Liabilities)		354,638			460,026
Property and equipment	16		2,391,033			2,404,237
Total assets		521,616,413			496,651,124
Liabilities and equity
Liabilities
Due to banks	17	2,969,822			862,759
Due to customers	18	427,556,083			406,100,916
Derivative financial instruments		34,934			265,265
Current income tax liabilities		2,330,166			2,234,985
Other liabilities	19	9,972,432			8,021,310
Issued debt instruments	20	1,864,924			1,557,263
Other loans		5,987,651			5,140,782
Other Provisions	21		5,355,635			3,539,676
Total liabilities		456,071,647			427,722,956
Equity
Issued and paid up capital		19,825,134			19,702,418
Reserves		36,022,139			33,767,423
Reserve for employee stock ownership plan (ESOP)		1,555,725			1,674,392
Retained earnings *			8,141,768			13,783,935
Total equity and net profit for the period / year			65,544,766			68,928,168
Total liabilities and equity		521,616,413			496,651,124
		-		-	-

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

• Including net profit for the current period

Hussein Abaza	Sherif Samy
CEO & Managing Director	Chairman

Condensed Separate 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		12,445,964		24,258,160		10,854,910		20,975,491
Interest and similar expense		(5,353,131)	(10,562,668)	(4,858,266)	(9,302,462)
Net interest income		7,092,833		13,695,492		5,996,644		11,673,029
Fee and commission income		1,217,080		2,408,556		954,319		1,798,447
Fee and commission expense		(558,167)	(1,072,802)	(353,568)	(687,129)
Net fee and commission income		658,913		1,335,754		600,751		1,111,318
Dividend income		24,999		62,799		63,481		63,572
Net trading income	5	297,438		1,013,504		161,939		274,657
Profits (Losses) on financial investments	13	44,109		1,065,443		83,864		577,519
Administrative expenses		(1,688,096)	(3,233,444)	(1,445,999)	(2,918,943)
Other operating (expenses) income	6	(1,084,359)	(2,509,857)	(586,688)	(1,113,292)
Impairment release (charges) for credit losses		(54,974)	(14,449)	(316,994)	(1,019,076)
Profit before income tax		5,290,863		11,415,242		4,556,998		8,648,784
Income tax expense	25	(1,735,323)	(3,110,536)	(1,381,023)	(2,590,270)
Deferred tax assets (Liabilities)	25	(21,141)	(530,715)	25,067		18,828
Net profit for the period		3,534,399		7,773,991		3,201,042		6,077,342
Earning per share	7
Basic		1.58		3.48		1.43		2.75
Diluted		1.56		3.44		1.42		2.71
		0
	0
Hussein Abaza								Sherif Samy
CEO & Managing Director							Chairman

Condensed Separate 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

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

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
3,534,399		7,773,991		3,201,042		6,077,342
(3,399,285)	(7,358,230)	49,893		(1,624,416)
(26)	(4,227)	-		(104,406)
2,627		104,188		(39,469)	(54,113)
137,715		515,722		3,211,466		4,294,407