QNB Alahli E : Q4 2021 Consolidated

QNB ALAHLI S.A.E

)Egyptian Joint Stock Company(

Consolidated Financial Statements

Together With Auditors' Report

For The Year Ended December 31, 2021

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

QNB ALAHLI S.A.E

Consolidated Statement of Financial Position

As at 31 December 2021			(All amounts are shown in Egyptian Pounds)
		Note	December 31, 2021	December 31, 2020
	Assets:
	Cash and due from Central Bank of Egypt (CBE)	(16)	22,641,706,445	17,166,858,582
	Due from banks	(17)	17,311,427,927	7,068,235,715
	Treasury bills	(18)	40,037,854,401	42,003,990,606
	Trading investments	(19)	409,760,928	61,102,261
	Loans and credit facilities to customers	(20)	172,828,554,467	163,635,801,748
	Financial derivatives	(21)	36,542,265	106,092,208
	Financial Investments:
	- Fair value through other comprehensive income	(22)	15,123,771,188	2,474,382,352
	- Amortized cost	(22)	77,380,468,113	47,609,791,535
	- Fair value through profit or loss	(22)	92,563,379	71,759,603
	Investments in associates	(23)	-	2,572,487
	Intangible assets	(24)	282,189,711	195,249,569
	Other assets	(25)	7,217,604,583	4,228,605,764
	Deferred tax assets	(33)	70,602,319	115,151,685
	Finance lease		3,298,372,384	2,828,561,308
	Property and equipment	(26)	2,837,249,783	2,594,818,588
	Total assets		359,568,667,893	290,162,974,011
	Liabilities and equity:
	Liabilities:
	Due to banks	(27)	3,458,687,747	4,138,835,958
	Customer deposits	(28)	295,491,962,118	233,321,758,983
	Financial derivatives	(21)	47,683,515	55,504,635
	Other loans	(29)	2,882,244,636	3,804,636,750
	Other liabilities	(30)	4,434,170,818	3,502,117,507
	Other provisions	(31)	526,745,974	599,639,123
	Insurance policyholders' rights	(32)	4,034,207,132	3,247,335,626
	Current income tax payable		1,773,988,334	1,343,178,136
	Defined benefits obligation	(34)	543,536,132	513,228,220
	Total liabilities		313,193,226,406	250,526,234,938
	Equity:
	Issued and paid-up capital	(35)	10,774,114,830	10,774,114,830
	Reserves	(36)	22,578,768,494	17,645,616,759
	Profit for the year and retained earnings	(36)	13,022,516,998	11,216,966,389
	Total equity attributable to equity holders of the bank		46,375,400,322	39,636,697,978
	Non-controlling interests		41,165	41,095
	Total equity		46,375,441,487	39,636,739,073
	Total liabilities and equity		359,568,667,893	290,162,974,011

Mohamed Bedeir	Mohamed Osman El-Dib
Chief Executive Officer	Chairman of the Board of Directors

The accompanying notes from (1) to (41) are an integral part of these Consolidated Financial Statements. (Auditor's report attached).

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QNB ALAHLI S.A.E

Consolidated Income Statement

For the Year Ended 31 December 2021

		(All amounts are shown in Egyptian Pounds)
Note	From January 01, 2021	From January 01, 2020
To December 31, 2021	To December 31, 2020

Interest on loans and similar income	(6)	32,133,183,101	30,738,143,195
Cost of deposits and similar expense	(6)	(16,793,233,474)	(16,100,796,190)
Net interest income		15,339,949,627	14,637,347,005
Fee and commission income	(7)	3,006,450,773	2,292,274,875
Fee and commission expense	(7)	(976,522,061)	(489,681,576)
Net interest, fee and commission income		17,369,878,339	16,439,940,304
Dividend income	(8)	46,377,599	35,191,190
Net trading income	(9)	118,866,108	111,936,859
Gain on financial investments	(22)	8,340,418	6,487,229
Impairment credit losses	(12)	(2,272,999,951)	(2,136,900,764)
Administrative expenses	(10)	(4,171,937,548)	(3,707,305,018)
Other operating revenues (expenses)	(11)	36,525,948	(181,369,781)
Share of results of associates		(141,309)	156,535
Profit before income tax		11,134,909,604	10,568,136,554
Income tax expense	(13)	(3,508,353,179)	(3,076,626,112)
Net profit for the year		7,626,556,425	7,491,510,442
Attributable to:
Equity holders of the Bank		7,626,556,355	7,491,517,830
Non-controlling interests		70	(7,388)
Net profit for the year		7,626,556,425	7,491,510,442
Earnings per share	(14)	3.10	3.08

Mohamed Bedeir	Mohamed Osman El-Dib
Chief Executive Officer	Chairman of the Board of Directors

The accompanying notes from (1) to (41) are an integral part of these Consolidated Financial Statements.

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