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

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

Condensed Separate 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

30,681,458

17,787,463

Adjustments to reconcile profits to net cash provided by operating activities

Fixed assets depreciation

16

636,285

654,220

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

1,088,174

(16,255)

Other provisions charged ( Released )

21

2,350,347

1,803,863

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

(49,019)

849

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

209,742

278,012

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)

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)

-

Shares based payments

608,250

579,653

Impairment (Released) charges of investments in associates and subsidiaries

13.1

1,412,711

-

Operating profits before changes in operating assets and liabilities

32,481,088

16,297,417

Net decrease / increase in assets and liabilities

Due from banks

5,142,259

845,633

Financial assets at fair value through P&L

-

240,987

Derivative financial instruments

172,635

(947,116)

Loans and advances to banks and customers

11 - 12

(27,805,660)

(33,520,003)

Other assets

(2,507,984)

1,242,254

Due to banks

17

15,554,567

841,125

Due to customers

18

135,770,021

91,483,674

Current income tax obligations paid

(2,547,087)

(2,305,911)

Other liabilities

874,366

(310,752)

Net cash generated from (used in) operating activities

157,134,205

73,867,308

Cash flow from investing activities

Proceeds from investments in associates.

2,119

-

Payments for investment in subsidiaries

(1,216,022)

(59,900)

Payment for purchases of property, equipment and branches construction

(1,162,819)

(542,743)

Proceeds from selling property and equipment

194

2,192

Proceeds from redemption of financial assets at amortized cost

5,278,030

6,569,803

Payment for purchases of financial assets at amortized cost

(9,178,811)

(18,239,332)

Payment for purchases of financial assets at fair value through OCI

(65,109,765)

(114,918,927)

Proceeds from selling financial assets at fair value through OCI

76,347,190

73,463,225

Net cash generated from (used in) investing activities

4,960,116

(53,725,682)

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

(3,738,888)

(4,410,322)

Issued debt instruments

615,227

382,977

Capital increase

369,876

122,716

Net cash generated from (used in) financing activities

(345,046)

(2,788,285)

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

161,749,275

17,353,341

Beginning balance of cash and cash equivalent

92,895,143

60,891,899

Cash and cash equivalent at the end of the period

254,644,418

78,245,240

Cash and cash equivalent comprise:

Cash and balances at the central bank

59,818,535

43,776,754

Due from banks

276,244,266

90,419,482

Treasury bills

10

71,507,826

87,119,766

Obligatory reserve balance with CBE

(52,853,882)

(38,022,832)

Due from banks with maturity more than three months

(29,659,932)

(22,949,758)

Treasury bills with maturity more than three months

(70,412,395)

(82,098,172)

Total cash and cash equivalent

254,644,418

78,245,240