Com.int.bk.regs Regulatory News (CBKD)

Commercial International Bank (Egypt) S.A.E.

Unconsolidated Financial Statements

March 31, 2013

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

FINANCIAL POSITION

As of March. 31, 2013

Amounts in EGP.

Note

March 31, 2013

Dec. 31 ,2012

Assets

Cash and Balances with Central Bank

15

5,616,291,150

5,393,974,124

Due From Banks

16

9,299,527,722

7,957,710,034

Treasury Bills and Other Governmental Notes

17

13,719,596,497

7,978,030,413

Trading Financial Assets

18

1,102,511,154

1,472,281,763

Loans and Advances to Banks

19

464,317,683

1,178,867,739

Loans and Advances to Customers

20

42,418,378,012

40,698,313,773

Derivative Financial Investments

21

116,336,336

137,459,761

Financial Investments

Available for Sale

22

20,259,701,752

21,161,884,032

Held to Maturity

22

4,197,685,729

4,205,753,328

Investments in Subsidiary and Associates

23

940,807,185

938,033,700

Investment Property

24

10,395,686

10,395,686

Other Assets

25

2,546,794,822

2,459,025,844

Deferred Tax

33

137,440,670

129,133,209

Property, Plant and Equipment

26

674,228,020

684,527,896

Total Assets

101,504,012,418

94,405,391,302

Liabilities and Equity

Liabilities

Due to Banks

27

999,246,979

1,714,862,716

Due to Customers

28

86,148,780,349

78,834,726,890

Derivative Financial Instruments

21

120,656,880

119,099,260

Dividends Payable

746,534,426

-

Other Liabilities

30

2,278,469,074

2,034,351,571

Long Term Loans

29

129,130,238

80,495,238

Other Provisions

31

354,991,025

310,648,113

Total Liabilities

90,777,808,971

83,094,183,788

Equity

Issued & Paid- in Capital

32

5,972,275,410

5,972,275,410

Reserves

32

3,910,067,259

2,970,458,093

Reserve for Employee Stock Ownership Plan (ESOP)

188,722,800

164,761,121

Retained Earnings

-

1,001,979

Total Equity

10,071,065,469

9,108,496,603

Net Profit of the Period/Year After Tax

655,137,978

2,202,710,911

Total Equity and Net Profit for the Period/Year

10,726,203,447

11,311,207,514

Total Liabilities and Equity

101,504,012,418

94,405,391,302

Contingent Liabilities and Commitments

Letters of Credit, Guarantees and other commitments

37

14,732,607,169

14,897,789,005

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

INCOME STATEMENT

As of March. 31, 2013

Amounts in EGP.

Note

March 31, 2013

March 31, 2012

Interest and Similar Income

2,142,541,043

1,664,834,562

Interest and Similar Expense

(1,007,452,996)

(779,319,889)

Net Interest Income

6

1,135,088,047

865,514,673

Fee and Commissions Income

289,209,214

214,089,807

Fee and Commissions Expense

(29,298,795)

(23,670,700)

Net Income from Fees and Commissions

7

259,910,419

190,419,107

Dividend Income

8

737,384

3,948,837

Net Trading Income

9

132,136,317

98,886,825

Profit (Losses) from Financial Investments

22

1,952,434

(512,588)

Administrative Expenses

10

(439,410,616)

(353,896,198)

Other Operating (Expenses) Income

11

41,489,100

(36,675,496)

Impairment Charge for Credit Losses

12

(226,326,368)

(16,542,204)

Net Profit before Tax

905,576,717

751,142,956

Income Tax Expense

13

(258,746,199)

(246,828,870)

Deferred Tax

33 & 13

8,307,460

8,262,962

Net Profit of the Period

655,137,978

512,577,048

Earning per share

14

Basic

1.00

0.79

Diluted

0.98

0.78

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT 1a

As of March. 31, 2013

Amounts in EGP.

March 31, 2013

March 31, 2012

Cash Flow From Operating Activities

Net Profit Before Tax

905,576,717

751,142,956

Adjustments To Reconcile Net Profit to Net Cash

Provided by Operating Activities

Depreciation

40,398,449

41,461,048

Impairment charge for credit losses

226,326,368

16,542,204

Other Provisions Charges

34,710,014

67,087,237

Trading Financial Investment Revaluation Differences

27,708,950

(17,092,843)

Available for sale and held to maturity investments exchange revaluation differences

(96,308,651)

(3,344,835)

Financial Investments Impairment Charge (Release)

(3,095,044)

6,007,159

Utilization of Other Provisions

(223,505)

(7,702,610)

Other Provisions No Longer Used

(141,520)

(531,054)

Exchange Differences of Other Provisions

9,997,924

1,304,271

Profits From Selling Property, Plant and Equipment

(491,491)

(43,012)

Profits From Selling Financial Investments

(1,951,651)

(751,298)

Profits from Selling Associates

-

-

Exchange Differences of Long Term Loans

-

90,904

Share Based Payments

23,961,679

22,235,018

Investments in Subsidiary and Associates Revaluation

(2,773,485)

(26,520)

Real Estate Investments Impairment Charges

-

-

Operating Profits Before Changes in Operating Assets and Liabilities

1,163,694,754

876,378,625

Net Decrease (Increase) in Assets and Liabilities

Due from banks

(1,187,119,103)

(1,025,354,198)

Treasury Bills & Other Governmental Notes

(2,179,687,466)

(2,799,053,252)

Trading Financial Assets

342,061,660

(116,241,661)

Derivative Financial Instruments

22,681,045

31,992,937

Loans and Advances to Banks and Customers

(1,231,840,550)

950,701,413

Other Assets

(4,940,151)

(295,627,075)

Due to Banks

(715,615,737)

(2,295,931,897)

Due to Customers

7,314,053,459

2,679,080,359

Other Liabilities

(14,628,696)

75,492,802

Net Cash Provided from Operating Activities

3,508,659,215

(1,918,561,947)

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT 1b

As of March. 31, 2013

March 31, 2013

March 31, 2012

Cash Flow From Investing Activities

Purchases of Subsidiary and Associates

-

-

Purchases of Property, Plant and Equipment

(112,435,909)

(74,401,088)

Redemption of Held-to-Maturity Financial Investments

8,067,598

-

Purchases of Held to Maturity Financial Investments

-

(2,928,851,641)

Purchases of Available for Sale Financial Investments

(737,071,950)

(3,235,631,200)

Proceeds from Selling Available for Sale Financial Investments

1,532,349,018

3,130,594,820

Proceeds from Selling Real Estate Investments

-

750,000

Net Cash Generated from (Used in) Investing Activities

690,908,757

(3,107,539,110)

Cash Flow From Financing Activities

Increase (Decrease) in Long Term Loans

48,635,000

2,507,383

Dividends Paid

(309,308,739)

(212,750,221)

Net Cash Generated from (Used in) Financing Activities

(260,673,739)

(210,242,838)

Net Increase (Decrease) in Cash and Cash Equivalent

3,938,894,233

(5,236,343,894)

Beginning Balance of Cash and Cash Equivalent

5,536,080,094

8,081,134,203

Cash and Cash Equivalent Balance At the End of the Period

9,474,974,327

2,844,790,309

Cash & Cash Equivalent Comprise

Cash and Balances with Central Bank

5,616,291,150

5,395,158,277

Due From Banks

9,299,527,722

9,445,148,797

Treasury Bills and Other Governmental Notes

13,719,596,497

8,902,509,763

Obligatory Reserve Balance With CBE

(3,306,582,184)

(2,979,789,724)

Due from Banks (Time Deposits) More than Three Months

(5,611,093,131)

(6,297,816,067)

Treasury Bills with Maturity More than Three Months

(10,242,765,727)

(11,620,420,737)

Total Cash & Cash Equivalent

9,474,974,327

2,844,790,309

March 31,

2012

Capital

(EGP)

Legal Reserve

(EGP)

General Reserve

(EGP)

Retained Earnings

(EGP)

Special Reserve

(EGP)

Reserve for A.F.S investments revaluation Diff.

(EGP)

Banking Risks Reserve

(EGP)

Net Profits of the Period

(EGP)

Reserve for Employee Stock Ownership Plan ESOP

Total

(EGP)

Beginning Balance

5,934,562,990

231,344,896

1,234,274,960

15,105,920

185,931,315

(723,070,818)

281,689,619

1,624,150,975

137,354,419

8,921,344,276

Transferred to Reserves

-

87,306,567

743,027,060

-

2,716,747

-

-

(833,050,374)

-

-

Dividends Paid

-

-

-

(15,105,920)

-

-

-

(791,100,601)

-

(806,206,521)

Net Profit of the Period

-

-

-

-

-

-

-

512,577,048

-

512,577,048

Transfer from Special Reserve

-

61,697,292

8,143,225

1,001,979

(70,842,496)

-

-

-

-

-

Addition from Financial Investment Revaluation

-

-

-

-

-

87,045,756

-

-

-

87,045,756

Transferred to Bank Risk Reserve

-

-

-

-

-

-

(22,811,813)

22,811,813

-

-

Reserve for Employee Stock Ownership Plan ESOP

-

-

-

-

-

-

-

-

22,235,018

22,235,018

Balance at the end of the Period

5,934,562,990

380,348,755

1,985,445,245

1,001,979

117,805,566

(636,025,062)

258,877,806

535,388,861

159,589,437

8,736,995,577

March 31,

2013

Capital

(EGP)

Legal Reserve

(EGP)

General Reserve

(EGP)

Retained Earnings

(losses)

(EGP)

Special Reserves

(EGP)

Reserve for A.F.S investments revaluation Diff.

(EGP)

Risk Reserve

(EGP)

Profits of the Period

(EGP)

Reserve for Employee Stock Ownership Plan ESOP

Total

(EGP)

Beginning Balance

5,972,275,410

380,348,755

2,037,107,372

1,001,979

117,805,566

153,506,781

103,716,932

2,380,683,598

164,761,121

11,311,207,514

Transferred to Reserves

-

110,016,166

1,213,438,663

-

2,387,583

-

-

(1,325,842,412)

-

-

Dividends Paid

-

-

-

(1,001,979)

-

-

-

(1,054,841,186)

-

(1,055,843,165)

Net Profit of the Period

-

-

-

-

-

-

-

655,137,978

-

655,137,978

Addition from Financial Investment Revaluation

-

-

-

-

-

(208,260,559)

-

-

-

(208,260,559)

Transferred to Bank Risk Reserve

-

-

-

-

-

-

(19,199,133)

19,199,133

-

-

Reserve for Employee Stock ownership plan ESOP

-

-

-

-

-

-

-

-

23,961,679

23,961,679

Balance at the End of Period

5,972,275,410

490,364,921

3,250,546,035

-

120,193,149

(54,753,778)

84,517,799

674,337,111

188,722,800

10,726,203,447