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

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

Unconsolidated Financial Statements

September 30, 2012

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

FINANCIAL POSITION

As of September 30, 2012

Amounts in EGP.

Note

Sep. 30, 2012

Dec. 31 ,2011

Assets

Cash and Due with Central Bank

15

3,414,510,382

7,492,064,510

Due From Banks

16

8,753,946,065

8,449,298,705

Treasury Bills and Other Governmental Notes

17

9,097,411,619

9,213,390,067

Trading Financial Assets

18

1,773,091,384

561,084,273

Loans and Advances to Banks

19

987,397,719

1,395,594,609

Loans and Advances to Customers

20

40,142,585,729

39,669,785,864

Derivative Financial Investments

21

145,153,442

146,544,656

Financial Investments

Available for Sale

22

21,041,898,650

15,412,566,069

Held to Maturity

22

4,212,404,153

29,092,920

Investments in Subsidiary and Associates

23

1,026,452,865

995,595,778

Investment Property

24

10,024,686

12,774,686

Other Assets

25

2,455,519,536

1,518,509,876

Deferred Tax

33

112,650,246

95,141,726

Property, Plant and Equipment

26

660,851,593

636,775,294

Total Assets

93,833,898,069

85,628,219,033

Liabilities and Equity

Liabilities

Due to Banks

27

2,085,096,618

3,340,794,517

Due to Customers

28

78,533,236,410

71,574,047,530

Derivative Financial Instruments

21

129,801,534

114,287,990

Other Liabilities

30

1,881,047,539

1,313,785,436

Long Term Loans

29

62,424,153

99,333,376

Other Provisions

31

283,540,934

264,625,909

Total Liabilities

82,975,147,188

76,706,874,758

Equity

Issued & Paid- in Capital

32

5,972,275,410

5,934,562,990

Reserves

32

3,075,193,771

1,085,472,868

Reserve for Employee Stock Ownership Plan (ESOP)

151,728,838

137,354,419

Retained Earnings

1,001,979

15,105,920

Total Equity

9,200,199,998

7,172,496,197

Net Profit of the Period/Year After Tax

1,658,550,883

1,748,848,078

Total Equity and Net Profit for the Period/Year

10,858,750,881

8,921,344,275

Total Liabilities and Equity

93,833,898,069

85,628,219,033

Contingent Liabilities and Commitments

Letters of Credit, Guarantees and other commitments

37

13,726,508,703

12,559,603,516

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

INCOME STATEMENT

As of September 30, 2012

Amounts in EGP.

Note

Sep. 30, 2012

Sep. 30, 2011

Interest and Similar Income

5,699,585,573

3,973,996,549

Interest and Similar Expense

(2,878,216,663)

(2,028,815,453)

Net Interest Income

6

2,821,368,910

1,945,181,096

Fee and Commissions Income

669,254,710

614,274,291

Fee and Commissions Expense

(76,264,667)

(64,114,837)

Net Income from Fees and Commissions

7

592,990,043

550,159,454

Dividend Income

8

22,050,296

58,015,749

Net Trading Income

9

412,179,479

242,418,862

Profit from Financial Investments

22

(29,588,934)

38,015,749

Administrative Expenses

10

(1,042,206,519)

(968,821,954)

Other Operating (Expenses) Income

11

(79,177,786)

(50,538,348)

Impairment Charge for Credit Losses

12

(406,580,325)

(312,228,115)

Net Profit before Tax

2,291,035,164

1,502,202,156

Income Tax Expense

13

(649,992,799)

(320,326,989)

Deferred Tax

33 & 13

17,508,518

4,835,448

Net Profit of the Period

1,658,550,883

1,186,710,615

Earning per share

14

Basic

2.73

1.65

Diluted

2.68

1.62

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT 1a

As of September 30, 2012

Amounts in EGP.

Sep. 30, 2012

Sep. 30, 2011

Cash Flow From Operating Activities

Net Profit Before Tax

2,291,035,164

1,502,202,156

Adjustments To Reconcile Net Profit to Net Cash

Provided by Operating Activities

Depreciation

125,184,264

143,036,462

Impairment Charges for credit losses

406,580,325

313,855,735

Other Provisions Charges

90,779,892

1,436,634

Trading Financial Investment Revaluation Differences

(108,405,059)

43,856,029

Available for sale and held to maturity investments exchange revaluation differences

(13,580,979)

(45,509,879)

Financial Investments Impairment Charge (Release)

7,746,294

(373,389)

Utilization of Other Provisions

(72,440,607)

(3,119,614)

Other Provisions No Longer Used

(531,054)

(40,284,922)

Exchange Differences of Other Provisions

1,106,792

3,926,263

Profits From Selling Property, Plant and Equipment

(3,801,360)

(2,664,190)

Profits From Selling Financial Investments

2,289,009

(93,073,621)

Profits from Selling Associates

-

(1,873,813)

Exchange Difference of Long Term Loans

42,050

459,526

Share Based Payments

66,036,546

62,114,443

Investments in Subsidiary and Associates Revaluation

-

(501,696)

Real Estate Investments Impairment Charges

-

361,200

Operating Profits Before Changes in Operating Assets and Liabilities

2,792,041,277

1,883,847,324

Net Decrease (Increase) in Assets and Liabilities

Due from banks

(233,475,365)

(4,998,033,002)

Treasury Bills & Other Governmental Notes

(43,416,593)

121,265,205

Trading Financial Assets

(1,103,602,052)

778,449,743

Derivative Financial Instruments

16,904,759

(25,035,261)

Loans and Advances to Banks and Customers

(471,183,299)

(3,100,295,504)

Other Assets

(920,965,971)

34,117,966

Due to Banks

(1,255,697,899)

192,787,727

Due to Customers

6,959,188,880

6,390,040,278

Other Liabilities

(82,730,698)

(382,784,752)

Net Cash Provided from Operating Activities

5,657,063,039

894,359,724

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT 1b

As of September 30, 2012

Sep. 30, 2012

Sep. 30, 2011

Cash Flow From Investing Activities

Purchase of Subsidiary and Associates

(30,857,087)

(11,000,000)

Purchases of Property, Plant and Equipment

(161,502,892)

(90,345,592)

Redemption of Held-to-Maturity Financial Investments

-

230,201,187

Purchases of Held to Maturity Financial Investments

(4,183,311,233)

(5,000,000)

Purchases of Available for Sale Financial Investments

(9,819,261,071)

(3,284,767,960)

Proceeds from Selling Available for Sale Financial Investments

5,174,787,445

1,794,737,265

Proceeds from Selling Real Estate Investments

2,750,000

-

Net Cash Generated from (Used in) Investing Activities

(9,017,394,838)

(1,366,175,100)

Cash Flow From Financing Activities

Increase (Decrease) in Long Term Loans

(36,951,273)

(33,657,304)

Dividend Paid

(806,206,521)

(841,922,204)

Capital Increase

37,712,420

33,119,390

Net Cash Generated from (Used in) Financing Activities

(805,445,374)

(842,460,118)

Net Increase (Decrease) in Cash and Cash Equivalent

(4,165,777,174)

(1,314,275,494)

Beginning Balance of Cash and Cash Equivalent

8,081,134,203

7,778,944,042

Cash and Cash Equivalent Balance At the End of the Period

3,915,357,029

6,464,668,548

Cash & Cash Equivalent Comprise

Cash and Balances with Central Bank

3,414,510,382

4,585,370,018

Due From Banks

8,753,946,065

11,595,011,255

Treasury Bills and Other Governmental Notes

9,097,411,619

8,647,963,786

Obligatory Reserve Balance With CBE

(3,067,529,100)

(2,782,468,103)

Due from Banks (Time Deposits) More than Three Months

(5,418,197,859)

(8,610,360,531)

Treasury Bills with Maturity More than Three Months

(8,864,784,078)

(6,970,847,877)

Total Cash & Cash Equivalent

3,915,357,029

6,464,668,548

Sep. 30,

2011

Capital

(EGP)

Legal Reserve

(EGP)

General Reserve

(EGP)

Retained Earnings (losses)

(EGP)

Special Reserves

(EGP)

Reserve for A.F.S Investments Revaluation Difference

(EGP)

Banking

Risks Reserve

(EGP)

Net Profits of the Period

(EGP)

Reserve for Employee Stock Ownership Plan (ESOP)

Total

(EGP)

Beginning Balance

5,901,443,600

125,128,337

78,564,646

20,231,298

184,356,569

(18,014,631)

156,992,515

2,010,672,119

149,520,859

8,608,895,311

Capital increase

33,119,390

-

-

-

-

-

-

-

-

33,119,390

Transferred to Reserves

-

106,216,559

1,155,710,315

-

1,574,746

-

-

(1,173,875,293)

(89,626,327)

0

Dividend Paid

-

-

-

(20,231,298)

-

-

-

(821,690,906)

-

(841,922,204)

Net Profit of the Period

-

-

-

-

-

-

-

1,186,710,615

-

1,186,710,615

Addition from Financial Investment Revaluation

-

-

-

-

-

(350,254,044)

-

-

-

(350,254,044)

Transferred to Bank Risk Reserve

-

-

-

-

-

-

76,166,450

(76,166,450)

-

-

Reserve for Employee Stock Ownership Plan ESOP

-

-

-

-

-

-

-

-

62,114,443

62,114,443

The effect of changing Accounting policies

-

-

-

15,105,920

-

-

-

(15,105,920)

-

-

Balance at the end of the Period

5,934,562,990

231,344,896

1,234,274,960

15,105,920

185,931,315

(368,268,675)

233,158,965

1,110,544,165

122,008,975

8,698,663,511

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