Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCom.int.bk.regs Regulatory News (CBKD)

Share Price Information for Com.int.bk.regs (CBKD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.594
Bid: 1.592
Ask: 1.596
Change: 0.00 (0.00%)
Spread: 0.004 (0.251%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1.594
CBKD Live PriceLast checked at -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Annual Financial Report

1 Feb 2018 07:00

RNS Number : 5681D
Commercial Intnl Bank (Egypt) SAE
01 February 2018
 

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

Consolidated Financial Statements

December 31st , 2017

Click on, or paste the following link into your web browser, to view the associated PDF document.http://www.rns-pdf.londonstockexchange.com/rns/5681D_-2018-2-1.pdf

 

 

 

 

 

 

 

FINANCIAL POSITION

As of December 31st, 2017

Amounts in EGP Thousands

Note

December 31st, 2017

December 31st , 2016

 

Assets

Cash and balances with central bank

15

14,663,289

10,522,040

Due from banks

16

45,319,766

58,011,034

Treasury bills and other governmental notes

17

54,478,202

39,177,184

Trading financial assets

18

7,295,197

2,445,134

Loans and advances to banks, net

19

1,313

159,651

Loans and advances to customers, net

20

88,427,103

85,224,148

Non current assets held for sale

42

-

4,890,438

Derivative financial instruments

21

40,001

269,269

Financial investments

- Available for sale

22

30,474,781

5,447,291

- Held to maturity

22

45,167,722

53,924,936

Investments in associates

23

65,039

36,723

Other assets

24

6,886,607

5,434,563

Intangible assets

41

368,923

499,131

Deferred tax assets (Liabilities)

32

179,630

181,308

Property, plant and equipment

25

1,414,519

1,320,905

Total assets

294,782,092

267,543,755

Liabilities and equity

Liabilities

Due to banks

26

1,877,918

3,008,996

Due to customers

27

250,723,052

231,740,795

Non current liabilities held for sale

42

-

3,684,676

Derivative financial instruments

21

196,984

331,091

Current tax liabilities

2,778,973

2,017,034

Other liabilities

29

5,476,531

3,579,330

Long term loans

28

3,674,736

160,243

Other provisions

30

1,615,159

1,514,057

Total liabilities

266,343,353

246,036,222

Equity

Issued and paid up capital

31

11,618,011

11,538,660

Reserves

34

8,725,966

3,451,756

Reserve for employee stock ownership plan (ESOP)

489,334

343,460

Retained earnings (losses)

89,873

31,462

Total equity

20,923,184

15,365,338

Net profit for the period/year

7,515,555

6,009,118

Total equity and net profit for the period/year

28,438,739

21,374,456

Minority interest

-

133,077

Total minority interest , equity and net profit for the period

28,438,739

21,507,533

Total liabilities, equity, minority interest and net profit for the period

 

294,782,092

267,543,755

INCOME STATEMENT

As of December 31st , 2017

Amounts in EGP Thousands

Note

December 31st , 2017

 

December 31st 0, 2016

 

Continued Operations

Interest and similar income

28,671,170

19,144,218

Interest and similar expense

(16,167,155)

(9,126,512)

Net interest income

6

12,504,015

10,017,706

Fee and commission income

2,676,944

1,965,529

Fee and commission expense

(624,278)

(417,573)

Net fee and commission income

7

2,052,666

1,547,956

Dividend income

8

34,514

34,236

Net trading income

9

1,292,215

1,315,182

Profits on financial investments

22

165,111

(25,533)

Administrative expenses

10

(3,112,508)

(2,432,652)

Other operating (expenses) income

11

(1,063,468)

(1,237,187)

Goodwill impairment

-

(209,842)

Intangible assets amortization

41

(130,208)

(130,208)

Impairment charge for credit losses

12

(1,742,281)

(892,874)

Bank's share in the profits of associates

29,066

2,989

Profit before income tax

10,029,122

7,989,773

Income tax expense

13

(2,778,973)

(2,017,034)

Deferred tax assets (Liabilities)

32 & 13

(1,678)

(76,849)

Net profit from continued operations

7,248,471

5,895,890

Net profit from discontinued operations

 

122,234

127,376

Profit (loss) of disposal from discontinued operations

43

168,900

-

Net profit for the period

7,539,605

6,023,266

Minority interest

24,050

14,148

Bank shareholders

7,515,555

6,009,118

Earnings per share

14

Basic

5.76

4.54

Diluted

5.67

4.47

 

CASH FLOW STATEMENT

As of December 31st , 2017

 

 

 

Amounts in EGP Thousands

 

December 31st , 2017

December 31st , 2016

Cash flow from operating activities

Profit before income tax from continued operations

10,029,122

7,989,773

Profit before income tax from discontinued operations

-

158,041

Adjustments to reconcile net profit to net cash provided by operating activities

Fixed assets depreciation

351,005

285,381

Impairment charge for credit losses

1,742,281

892,874

Other provisions charges

212,622

150,847

Trading financial investments revaluation differences

(248,072)

(269,283)

Available for sale and held to maturity investments exchange revaluation differences

100,078

(2,219,961)

Goodwill impairment

-

209,842

Intangible assets amortization

130,208

130,208

Financial investments impairment charge

(83,079)

82,428

Utilization of other provisions

(25,463)

(3,696)

Other provisions no longer used

(97,897)

(78,405)

Exchange differences of other provisions

11,840

583,550

Profits from selling property, plant and equipment

(607)

(1,682)

Profits from selling financial investments

99,047

(35,193)

Profits from selling investments in associates

-

90,447

Impairment (Released) charges of Associates

(9,570)

(131,799)

Shares based payments

290,884

187,000

Bank's share in the profits of associates

(38,636)

-

Associates Financial Investments Revaluation Differences

-

2,989

Operating profits before changes in operating assets and liabilities

12,463,763

 

8,023,361

 

Net decrease (increase) in assets and liabilities

Due from banks

(2,594,442)

264,072

Treasury bills and other governmental notes

(16,466,420)

(16,057,258)

Trading financial assets

(4,601,991)

3,672,526

Derivative financial instruments

95,161

(2,918)

Loans and advances to banks and customers

(4,019,132)

(29,440,654)

Other assets

(1,121,981)

(4,450,111)

Non current assets held for sale

428,011

-

Due to banks

(1,131,078)

1,408,227

Due to customers

18,802,058

76,506,379

Income tax obligations paid

(2,017,034)

(1,949,694)

Other liabilities

1,897,201

4,354,673

Net Cash Provided from operating activities

1,734,116

42,328,603

Cash flow from investing activities

Proceeds from redemption of subsidiaries and associates

750

(12,036)

Payment (Proceeds) for purchases and sell of subsidiary and associates

(44,318)

176,161

Payment for purchases of property, plant, equipment and branches constructions

(745,089)

(560,631)

Proceeds from redemption of held to maturity financial investments

13,354,468

4,094

Payment for purchases of held to maturity financial investments

(4,597,254)

(1,243,669)

Payment for purchases of available for sale financial investments

(25,868,230)

(3,334,122)

Proceeds from selling available for sale financial investments

973,963

2,946,710

Proceeds from selling non-current assets held for sale

628,521

(2,989)

 

Net cash used in investing activities

 

(16,297,189)

 

(2,026,482)

 

Cash flow from financing activities

Increase (decrease) in long term loans

3,524,063

28,915

Dividend paid

(1,350,204)

(1,463,450)

Capital Increase

79,351

68,057

Net cash used in financing activities

2,253,210

(1,366,478)

 

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

(12,309,863)

38,935,643

Beginning balance of cash and cash equivalent

61,518,700

22,583,057

Cash and cash equivalent at the end of the year

49,208,837

61,518,700

Cash and cash equivalent comprise:

Cash and balances with central bank

14,663,289

10,522,040

Due from banks

45,319,766

58,011,034

Treasury bills and other governmental notes

54,478,202

39,177,184

Obligatory reserve balance with CBE

(8,878,986)

(5,438,235)

Due from banks with maturities more than three months

(1,719,586)

(2,565,895)

Treasury bills with maturity more than three months

(54,653,848)

(38,187,428)

Total cash and cash equivalent

49,208,837

61,518,700

 

 

 

 

 

 

 

 

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

 

Consolidated statement of changes in shareholders' equity for the period ended on December 31st, 2016

Dec. 31, 2016

Issued and paid up capital

Legal reserve

General reserve

Retained earnings (losses)

Special reserve

Reserve For A.F.S investments revaluation diff.

Banking risks reserve

IFRS 9 risk reserve

Net profit for the year

Reserve for employee stock ownership plan

Cumulative foreign currencies translation differences

Total Shareholders Equity

Minority Interest

Total

EGP Thousands

Beginning balance

11,470,603

803,355

1,518,373

(64,566)

30,214

(2,202,462)

2,513

-

4,728,976

248,148

-

16,535,154

47,431

16,582,585

Capital increase

68,057

-

-

-

-

-

-

-

-

-

-

68,057

-

68,057

Transferred to reserves

-

232,008

3,035,878

-

564

-

-

-

(3,176,762)

(91,688)

-

-

-

-

Transferred to retained earnings (losses)

-

-

-

88,258

-

-

-

-

(88,258)

-

-

-

-

-

Dividend paid

-

-

-

(3,896)

-

-

-

-

(1,463,450)

-

-

(1,467,346)

(1,394)

(1,468,740)

Net profit of the year

-

-

-

-

-

-

-

-

6,009,118

-

-

6,009,118

14,148

6,023,266

Change in ownership percentage

-

-

-

11,666

-

-

-

-

-

-

-

11,666

72,892

84,558

Net unrealised gain/(loss) on AFS

-

-

-

-

-

22,219

-

-

-

-

-

22,219

-

22,219

Transferred (from) to bank risk reserve

-

-

-

-

-

-

506

-

(506)

-

-

-

-

-

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

187,000

-

187,000

-

187,000

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

8588

8,588

-

8,588

Balance at the end of the year

11,538,660

1,035,363

4,554,251

31,462

30,778

(2,180,243)

3,019

-

6,009,118

343,460

8,588

21,374,456

133,077

21,507,533

 

 

 

 

 

 

 

Consolidated statement of changes in shareholders' equity for the period ended on December 31st, 2017

 

 

 

 

 

 

Dec. 31, 2017

Issued and paid up capital

Legal reserve

General reserve

Retained earnings (losses)

Special reserve

Reserve For A.F.S investments revaluation diff.

Banking risks reserve

IFRS 9 risk reserve

Net profit for the year

Reserve for employee stock ownership plan

Cumulative foreign currencies translation differences

Total Shareholders Equity

Minority Interest

Total

 

EGP Thousands

 

 

Beginning balance

11,538,660

1,035,363

4,554,251

31,462

30,778

(2,180,244)

3,019

-

6,009,118

343,460

8,588

21,374,455

133,077

21,507,532

 

Capital increase

79,351

-

-

-

-

-

-

-

-

-

-

79,351

-

79,351

 

Transferred to reserves

-

297,444

4,445,620

58,563

1,682

-

-

-

(4,658,299)

(145,010)

-

-

-

-

 

Dividend paid

-

-

-

-

-

-

-

-

(1,350,204)

-

-

(1,350,204)

-

(1,350,204)

 

Net profit for the year

-

-

-

-

-

-

-

-

7,515,555

-

-

7,515,555

24,050

7,539,605

 

Disposal of subsidiary

-

-

152

(152)

-

-

-

-

-

-

(8,588)

(8,588)

-

(8,588)

 

Change in ownership percentage

-

-

-

-

-

-

-

-

-

-

-

-

(157,127)

(157,127)

 

Net unrealised gain/(loss) on AFS

-

-

-

-

-

537,286

-

-

-

-

-

537,286

-

537,286

 

Transferred (from) to bank risk reserve

-

-

-

-

-

-

615

-

(615)

-

-

-

-

-

 

IFRS 9 risk reserve

-

-

-

-

-

-

-

1,411,549

(1,411,549)

-

-

-

-

-

 

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

290,884

-

290,884

-

290,884

 

Balance at the end of the year

11,618,011

1,332,807

9,000,023

89,873

32,460

(1,642,958)

3,634

1,411,549

6,104,006

489,334

-

28,438,739

-

28,438,739

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
FR FKDDDABKKQBK
Date   Source Headline
26th Mar 20247:49 amRNSChanges in CIB's BOD - 25 March 2024
26th Mar 20247:00 amRNSOGM Resolutions - March 25th, 2024
26th Mar 20247:00 amRNSEGM Resolutions - March 25th, 2024
20th Feb 20247:00 amRNSNotice of AGM
20th Feb 20247:00 amRNSInvitation to Extraordinary GM (EGM)
16th Nov 20233:45 pmRNSCIB secures a USD 150M subordinated loan from EBRD
3rd Nov 20237:05 amRNS3Q23 Earnings Release
3rd Nov 20237:05 amRNS3rd Quarter Results
3rd Nov 20237:05 amRNS3rd Quarter Results - Consolidated
23rd Aug 20237:14 amRNSAppointment of Mr. Jawaid Mirza in CIB's BOD
24th Jul 20238:00 amRNSCIB 1H2023 Earnings Release
24th Jul 20238:00 amRNSCIB1H2023 Condensed Consolidated Financials
24th Jul 20238:00 amRNSCIB 1H2023 Separate Condensed Financial Statements
10th Jul 20238:00 amRNSCIB obtaining Long term loans from IFC
15th May 20237:00 amRNSCIB 1Q23 - Earnings Release
15th May 20237:00 amRNSCIB Q1-2023 Separate Financial Statements
15th May 20237:00 amRNSCIB 1Q23 Consolidated Financial Statements
20th Mar 20236:26 pmRNSCIB's FY22 IFRS 9 Financial Statements
20th Mar 20235:02 pmRNSResolutions Extraordinary General Assembly
20th Mar 20234:55 pmRNSResolutions Ordinary General Assembly (OGM)
16th Feb 20237:00 amRNSInvitation to CIB's Ordinary General Assembly
16th Feb 20237:00 amRNSInvitation to CIB's Extraordinary General Assembly
13th Feb 20237:00 amRNSCIB - 4Q 2022 Earnings Release
13th Feb 20237:00 amRNSCIB Q4-2022 Separate Financial Statements
13th Feb 20237:00 amRNSCIB Q4-2022 Consolidated Financial Statements
30th Jan 20237:00 amRNSCIB fully acquires MayFair CIB (Kenya)-Replacement
27th Jan 20235:51 pmRNSCIB fully acquires Mayfair CIB
11th Jan 20234:41 pmRNSSecond Price Monitoring Extn
11th Jan 20234:35 pmRNSPrice Monitoring Extension
8th Dec 202212:25 pmRNSPress Release dated 8 December 2022
22nd Nov 20228:14 amRNSChanges in CIB's Board of Directors
4th Nov 20227:00 amRNS3rd Quarter 2022 (Earnings Release)
4th Nov 20227:00 amRNSBoard Resolutions Summary 3 Nov 2022
4th Nov 20227:00 amRNS3rd Quarter 2022 Results (Separate)
4th Nov 20227:00 amRNS3rd Quarter 2022 Results (Consolidated)
15th Aug 20227:00 amRNSChange in CIB's CEO Retail Banking
25th Jul 20227:00 amRNSCIB 1H2022 Condensed Separate Financial Results
25th Jul 20227:00 amRNSCIB1H2022 Earnings Release
25th Jul 20227:00 amRNSCIB1H2022 Consolidated Condensed Financial Results
19th May 20223:09 pmRNSChange in CIB's Board of Directors
29th Apr 202212:17 pmRNSCIB FY 2021 IFRS Annual Financial Report
19th Apr 20227:00 amRNSCIB 1Q2022 Earnings Release
19th Apr 20227:00 amRNSCIB1Q2022 Condensed Consolidated Financial results
19th Apr 20227:00 amRNSCIB 1Q2022 Condensed Separate Results
28th Mar 20227:00 amRNSCIB's AGM Resolutions Summary
10th Mar 20224:41 pmRNSSecond Price Monitoring Extn
10th Mar 20224:36 pmRNSPrice Monitoring Extension
9th Mar 20224:36 pmRNSPrice Monitoring Extension
4th Mar 20227:00 amRNSInvitation toCIB Ordinary General Assembly Meeting
22nd Feb 20227:00 amRNSCIB FY 2021 Separate Financial results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.