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

Condensed Consolidated Interim Income Statement for the period ended September 30, 2023

Condensed Consolidated Interim statement of Comprehensive Income for the period ended September 30, 2023

Notes

Sep. 30, 2023

Sep. 30, 2022

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax from continued operations

31,606,522

17,682,074

Profit (loss) from discontinued operations

(49,699)

-

Adjustments to reconcile profits to net cash provided by operating activities

Fixed assets depreciation

16

655,051

644,401

Impairment (Released) charge for credit losses (Loans and advances to customers and banks)

1,050,980

12,998

Other provisions charges

21

2,350,253

1,803,568

Impairment (Released) charge for credit losses (due from banks)

(47,249)

534

Impairment (Released) charge for credit losses (financial investments)

213,039

284,546

Impairment (Released) charge for other assets

14,347

(277,768)

Exchange revaluation differences for financial assets at fair value through OCI and AC

(5,409,592)

(3,745,045)

Goodwill amortization

26

30,943

30,943

Intangible assets amortization

27

24,188

7,774

Utilization of other provisions

21

(1,608)

(1,857)

Other provisions no longer used

21

-

(101)

Exchange Revaluation differences of other provisions

21

1,096,665

333,425

profits from selling property and equipment

(194)

(2,192)

profits from selling financial investments at fair value through OCI

13.1

(149,012)

(1,096,850)

Losses (Profits) from selling investments in associates

13.1

(7,466)

-

Impairment (Released) charges of investments in associates

13.1

(9,000)

-

Shares based payments

608,250

579,653

Bank's share in the profits / losses of associates

39,486

16,343

Operating profits before changes in operating assets and liabilities

32,015,904

16,272,446

Net decrease / increase in assets and liabilities

Due from banks

9,859,636

870,167

Financial assets at fair value through P&L

-

240,987

Derivative financial instruments

172,635

(947,321)

Loans and advances to banks and customers

11 - 12

(27,548,758)

(33,780,208)

Other assets

(2,506,019)

1,245,185

Non current assets held for sale

(214)

-

Due to banks

17

15,526,008

881,371

Due to customers

18

136,052,663

91,778,069

Current income tax obligations paid

(2,546,958)

(2,207,579)

Non current liabilities held for sale

933

-

Other liabilities

(3,890,097)

(325,379)

Net cash generated from (used in) operating activities

157,135,733

74,027,738

Cash flow from investing activities

Proceeds from Investments in associates.

2,119

-

Payment for purchases of property, equipment and branches construction

(1,177,450)

(556,512)

Proceeds from selling property and equipment

194

2,192

Proceeds from redemption of financial assets at amortized cost

5,278,030

6,520,697

Payment for purchases of financial assets at amortized cost

(9,334,085)

(18,268,602)

Payment for purchases of financial assets at fair value through OCI

(64,860,157)

(115,077,815)

Proceeds from selling financial assets at fair value through OCI

75,128,566

73,424,845

Payment for investment in subsidiaries.

(1,008,761)

-

Net cash generated from (used in) investing activities

4,028,456

(53,955,195)

Sep. 30, 2023

Sep. 30, 2022

EGP Thousands

EGP Thousands

Cash flow from financing activities

Other loans

2,408,739

1,116,344

Dividends paid

(3,594,747)

(4,410,322)

Issued debt instruments

615,227

382,977

Capital increase

369,876

122,716

Net cash generated from (used in) financing activities

(200,905)

(2,788,285)

Net (decrease) increase in cash and cash equivalent during the period

160,963,284

17,284,258

Beginning balance of cash and cash equivalent

92,969,526

61,065,822

Cash and cash equivalent at the end of the period

253,932,810

78,350,080

Cash and cash equivalent comprise:

Cash and balances at the central bank

59,950,223

43,857,708

Due from banks

276,845,003

90,499,843

Treasury bills

10

71,507,826

87,122,900

Obligatory reserve balance with CBE

(52,963,236)

(38,082,441)

Due from banks with maturity more than three months

(30,994,611)

(22,949,758)

Treasury bills with maturity more than three months

(70,412,395)

(82,098,172)

Total cash and cash equivalent

253,932,810

78,350,080