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

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

Unconsolidated Financial Statements

September 30, 2013

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

FINANCIAL POSITION

As of September 30, 2013

Amounts in EGP.

Note

Sep. 30, 2013

Dec. 31 ,2012

Assets

Cash and Due with Central Bank

15

3,956,053,666

5,393,974,124

Due From Banks

16

8,903,524,218

7,957,710,034

Treasury Bills and Other Governmental Notes

17

21,687,837,554

7,978,030,413

Trading Financial Assets

18

2,161,496,874

1,472,281,763

Loans and Advances to Banks

19

166,406,169

1,178,867,739

Loans and Advances to Customers

20

41,938,854,369

40,698,313,773

Derivative Financial Investments

21

85,311,981

137,459,761

Financial Investments

Available for Sale

22

22,022,898,007

21,161,884,032

Held to Maturity

22

4,191,614,571

4,205,753,328

Investments in Subsidiary and Associates

23

598,943,210

938,033,700

Investment Property

24

9,695,686

10,395,686

Other Assets

25

2,630,872,604

2,459,025,844

Deferred Tax

33

84,811,769

129,133,209

Property, Plant and Equipment

26

845,531,134

684,527,896

Total Assets

109,283,851,813

94,405,391,302

Liabilities and Equity

Liabilities

Due to Banks

27

632,092,420

1,714,862,716

Due to Customers

28

94,109,753,475

78,834,726,890

Derivative Financial Instruments

21

97,920,747

119,099,260

Other Liabilities

30

2,401,149,790

2,034,351,571

Long Term Loans

29

110,105,397

80,495,238

Other Provisions

31

377,092,365

310,648,113

Total Liabilities

97,728,114,194

83,094,183,788

Equity

Issued & Paid- in Capital

32

6,001,623,790

5,972,275,410

Reserves

32

3,526,197,908

2,970,458,093

Reserve for Employee Stock Ownership Plan (ESOP)

172,963,931

164,761,121

Retained Earnings

-

1,001,979

Total Equity

9,700,785,629

9,108,496,603

Net Profit of the Period/Year After Tax

1,854,951,990

2,202,710,911

Total Equity and Net Profit for the Period/Year

11,555,737,618

11,311,207,514

Total Liabilities and Equity

109,283,851,813

94,405,391,302

Contingent Liabilities and Commitments

Letters of Credit, Guarantees and other commitments

37

14,633,911,073

14,897,789,005

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

INCOME STATEMENT

As of September 30, 2012

Amounts in EGP.

Note

Sep. 30, 2013

Sep. 30, 2012

Interest and Similar Income

6,959,203,206

5,699,585,573

Interest and Similar Expense

(3,274,451,642)

(2,878,216,663)

Net Interest Income

6

3684,751,564

2,821,368,910

Fee and Commissions Income

983,211,836

669,254,710

Fee and Commissions Expense

(93,749,393)

(76,264,667)

Net Income from Fees and Commissions

7

889,462,443

592,990,043

Dividend Income

8

19,626,451

22,050,296

Net Trading Income

9

571,096,681

412,179,479

Profit from Financial Investments

22

(347,554,290)

(29,588,934)

Administrative Expenses

10

(1,282,009,950)

(1,042,206,519)

Other Operating (Expenses) Income

11

(49,403,738)

(79,177,786)

Impairment Charge for Credit Losses

12

(565,928,409)

(406,580,325)

Net Profit before Tax

2,920,040,752

2,291,035,164

Income Tax Expense

13

(1,020,767,321)

(649,992,799)

Deferred Tax

33 & 13

(44,321,441)

17,508,518

Net Profit of the Period

1,854,951,990

1,658,550,883

Earnings per share

14

Basic

2.83

2.71

Diluted

2.78

2.67

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT 1a

As of September 30, 2013

Amounts in EGP.

Sep. 30, 2013

Sep. 30, 2012

Cash Flow From Operating Activities

Profit Before Income Tax

2,920,040,752

2,291,035,164

Adjustments To Reconcile Net Profit to Net Cash

Provided by Operating Activities

Depreciation

153,470,557

125,184,264

Impairment Charges for credit losses

565,928,409

406,580,325

Other Provisions Charges

53,296,886

90,779,892

Trading Financial Investment Revaluation Differences

16,496,837

(108,405,059)

Available for sale and held to maturity investments exchange revaluation differences

(114,126,028)

(13,580,979)

Financial Investments Impairment Charge (Release)

(30,527,933)

7,746,294

Utilization of Other Provisions

(1,116,533)

(72,440,607)

Other Provisions No Longer Used

(141,520)

(531,054)

Exchange Differences of Other Provisions

14,405,419

1,106,792

Profits From Selling Property, Plant and Equipment

(747,854)

(3,801,360)

Profits From Selling Financial Investments

(2,375,234)

2,289,009

Exchange Difference of Long Term Loans

-

42,050

Share Based Payments

71,885,037

66,036,546

Investments in Subsidiary and Associates Revaluation

346,617,790

-

Operating Profits Before Changes in Operating Assets and Liabilities

3,993,106,585

2,792,041,277

Net Decrease (Increase) in Assets and Liabilities

Due from banks

(966,216,128)

(233,475,365)

Treasury Bills & Other Governmental Notes

(8,063,793,255)

(43,416,593)

Trading Financial Assets

(705,711,948)

(1,103,602,052)

Derivative Financial Instruments

30,969,267

16,904,759

Loans and Advances to Banks and Customers

(794,007,435)

(471,183,299)

Other Assets

(52,174,771)

(920,965,971)

Due to Banks

(1,082,770,296)

(1,255,697,899)

Due to Customers

15,275,026,585

6,959,188,880

Other Liabilities

(653,969,102)

(82,730,698)

Net Cash Provided from Operating Activities

6,980,459,502

5,657,063,039

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT 1b

As of September 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Cash Flow From Investing Activities

Purchase of Subsidiary and Associates

(7,527,300)

(30,857,087)

Purchases of Property, Plant and Equipment

(433,397,930)

(161,502,892)

Redemption of Held-to-Maturity Financial Investments

14,138,757

-

Purchases of Held to Maturity Financial Investments

-

(4,183,311,233)

Purchases of Available for Sale Financial Investments

(4,969,114,267)

(9,819,261,071)

Proceeds from Selling Available for Sale Financial Investments

3,599,317,350

5,174,787,445

Proceeds from Selling Real Estate Investments

700,000

2,750,000

Net Cash Generated from (Used in) Investing Activities

(1,795,883,390)

(9,017,394,838)

Cash Flow From Financing Activities

Increase (Decrease) in Long Term Loans

29,610,159

(36,951,273)

Dividend Paid

(1,055,843,165)

(806,206,521)

Capital Increase

29,348,380

37,712,420

Net Cash Generated from (Used in) Financing Activities

(996,884,626)

(805,445,374)

Net Increase (Decrease) in Cash and Cash Equivalent

4,187,691,486

(4,165,777,174)

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

9,723,771,580

3,915,357,029

Cash & Cash Equivalent Comprise

Cash and Balances with Central Bank

3,956,053,666

3,414,510,382

Due From Banks

8,903,524,218

8,753,946,065

Treasury Bills and Other Governmental Notes

21,687,837,554

9,097,411,619

Obligatory Reserve Balance With CBE

(3,201,657,518)

(3,067,529,100)

Due from Banks (Time Deposits) More than Three Months

(5,495,114,823)

(5,418,197,859)

Treasury Bills with Maturity More than Three Months

(16,126,871,517)

(8,864,784,078)

Total Cash & Cash Equivalent

9,723,771,580

3,915,357,029

Sep. 30,

2012

Capital

(EGP)

Legal Reserve

(EGP)

General Reserve

(EGP)

Retained Earnings

(EGP)

Special Reserves

(EGP)

Reserve for A.F.S

Revaluation Diff.

(EGP)

Banking Risk Reserve

(EGP)

Net Profit 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

8,921,344,275

Capital Increase

37,712,420

-

-

-

-

-

-

-

-

37,712,420

Transferred to Reserves

-

87,306,567

794,689,187

-

2,716,747

-

-

(833,050,374)

(51,662,127)

-

Dividend Paid

-

-

-

(15,105,920)

-

-

-

(791,100,601)

-

(806,206,521)

Net Profit of the Period

-

-

-

-

-

-

-

1,658,550,883

-

1,658,550,883

Transfer from Special Reserve

-

61,697,292

8,143,225

1,001,979

(70,842,496)

-

-

-

-

-

Addition from Financial Investment Revaluation

-

-

-

-

-

981,313,278

-

-

-

981,313,278

Transferred to Bank Risk Reserve

-

-

-

-

-

-

(181,708,448)

181,708,448

-

-

Reserve for Employee Stock ownership plan ESOP

-

-

-

-

-

-

-

-

66,036,546

66,036,546

Balance at the End of Period

5,972,275,410

380,348,755

2,037,107,372

1,001,979

117,805,566

258,242,460

99,981,171

1,840,259,331

151,728,838

10,858,750,881

Sep. 30,

2013

Capital

(EGP)

Legal Reserve

(EGP)

General Reserve

(EGP)

Retained Earnings

(EGP)

Special Reserves

(EGP)

Reserve for A.F.S

Revaluation Diff.

(EGP)

Banking Risk Reserve

(EGP)

Net Profit 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

11,311,207,515

Capital Increase

29,348,380

-

-

-

-

-

-

-

-

29,348,380

Transferred to Reserves

-

110,016,166

1,277,120,890

-

2,387,583

-

-

(1,325,842,412)

(63,682,227)

-

Dividend Paid

-

-

-

(1,001,979)

-

-

-

(1,054,841,186)

-

(1,055,843,165)

Net Profit of the Period

-

-

-

-

-

-

-

1,854,951,990

-

1,854,951,990

Transfer from Special Reserve

-

-

92,826,390

-

(92,826,390)

-

-

-

-

-

Addition from Financial Investment Revaluation

-

-

-

-

-

(655,812,137)

-

-

-

(655,812,137)

Transferred to Bank Risk Reserve

-

-

-

-

-

-

(65,664,066)

65,664,066

-

-

Reserve for Employee Stock ownership plan ESOP

-

-

-

-

-

-

-

-

71,885,037

71,885,037

Balance at the End of Period

6,001,623,790

490,364,921

3,407,054,652

-

27,366,759

(502,305,356)

38,052,866

1,920,616,055

172,963,931

11,555,737,618