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

Notes

Jun. 30, 2025

Dec. 31, 2024

Assets

Cash and balances at the central bank

9

100,535,373

136,165,920

Due from banks

10

231,774,988

270,089,441

Loans and advances to banks, net

12

28,273,497

9,555,410

Loans and advances to customers, net

13

419,494,572

340,955,698

Derivative financial instruments

1,165,796

819,711

Financial investments

- Financial Assets at Fair Value through OCI

14

262,186,573

233,029,903

- Financial Assets at Amortized cost

14

210,324,232

167,276,956

Investments in subsidiaries and associates

15

853,165

871,525

Non-current assets held for sale

29

159,828

159,828

Other assets

16

52,719,250

44,175,232

Deferred tax assets

2,558,253

2,337,304

Property and equipment

17

4,577,331

3,881,620

Total assets

1,314,622,858

1,209,318,548

Liabilities and equity

Liabilities

Due to banks

18

2,975,504

2,317,715

Due to customers

19

1,040,233,344

967,895,387

Derivative financial instruments

510,278

100,571

Current income tax liabilities

11,373,107

18,327,968

Other liabilities

20

27,329,336

21,347,499

Issued debt instruments

21

4,948,964

5,067,781

Other loans

31,250,581

23,962,389

Other provisions

22

19,927,608

18,613,060

Total liabilities

1,138,548,722

1,057,632,370

Equity

Issued and paid capital

30,708,510

30,431,580

Reserves

90,421,708

63,125,912

Reserve for employee stock ownership plan (ESOP)

1,734,177

1,868,235

Retained earnings*

53,209,741

56,260,451

Total equity and net profit for the period / year

176,074,136

151,686,178

Total liabilities and equity

1,314,622,858

1,209,318,548

The accompanying notes are an integral part of these financial statements.

(Review report attached)

*

Including net profit for the period

Islam Zekry

Hisham Ezz Al-Arab

Group CFO & Executive Board Member

CEO & Executive Board Member

Condensed Separate Interim Income Statement for the period ended June 30, 2025

Last 6 Months

Last 6 Months

Notes

Jun. 30, 2025

Jun. 30, 2024

Interest and similar income

104,727,073

81,420,481

Interest and similar expense

(53,575,810)

(39,980,202)

Net interest income

51,151,263

41,440,279

Fee and commission income

7,416,971

5,905,503

Fee and commission expense

(3,292,751)

(2,505,646)

Net fee and commission income

4,124,220

3,399,857

Dividend income

99,052

76,025

Net trading income

6

1,241,158

17,385,406

Profits (Losses) on financial investments 

14.1

526,717

297,208

Administrative expenses

(7,544,381)

(5,568,213)

Other operating income (expenses)

7

(3,546,143)

(16,410,949)

Impairment release (charges) for credit losses

345,831

(2,059,775)

Profit before income tax

46,397,717

38,559,838

Income tax expense

26

(13,477,682)

(11,255,055)

Deferred tax assets (Liabilities)

26

489,475

378,395

Net profit for the period

33,409,510

27,683,178

Earnings per share

8

Basic

9.69

8.11

Diluted

9.61

8.04

0

Islam Zekry

Hisham Ezz Al-Arab

Group CFO & Executive Board Member

CEO & Executive Board Member

Condensed Separate Interim Statement of Comprehensive Income for the period ended June 30, 2025

Last 6 Months

Last 6 Months

Net profit for the period

33,409,510

27,683,178

Transferred to RE from financial assets at fair value through OCI

3,586

-

Net change on financial assets at fair value through comprehensive income after tax

4,622,564

4,073,707

Effect of ECL on fair value of debt instruments measured at fair value through comprehensive income

140,134

751,734

Total comprehensive income for the period

38,175,794

32,508,619

Condensed Separate Interim Cash Flows for the period ended June 30, 2025

Notes

Jun. 30, 2025

Jun. 30, 2024

Cash flow from operating activities

Profit before income tax

46,397,717

38,559,838

Adjustments to reconcile profits to net cash provided by operating activities

Fixed assets depreciation

17

766,315

521,764

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

(866,683)

2,387,134

Net charged/released for other provisions

22

1,024,484

192,741

Impairment release/charge for credit losses (due from banks)

146,354

(35)

Impairment release/charge for credit losses (financial investments)

374,498

(327,324)

Impairment release/charge for other assets

-

(7,173)

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

1,489,447

(18,461,627)

Revaluation differences impairment charge for Financial Assets at Fair value through OCI

(95,111)

1,182,360

Revaluation differences impairment charge for Financial Assets at Amortized cost

1,638

100,975

Revaluation differences impairment charge for due from banks

(2,820)

105

Net utilized/recovered for other provisions

22

(1,053)

(8,970)

Exchange revaluation differences of other provisions

22

291,117

3,707,089

Profits/losses from selling property and equipment

(6,006)

(2,184)

Profits/losses from selling financial investments at fair value through OCI

14.1

(345,157)

(297,208)

Profits/losses from selling investments in associates

14.1

(181,560)

-

Share based payments

653,254

533,219

Operating profits before changes in operating assets and liabilities

49,646,434

28,080,704

Net decrease / increase in assets and liabilities

Due from banks

75,949,504

36,256,280

Financial assets at fair value through P&L

-

(172,728)

Derivative financial instruments

24,358

164,384

Loans and advances to banks and customers

(96,438,781)

(53,204,190)

Other assets

(5,527,589)

(18,799,962)

Due to banks

18

657,789

(8,429,958)

Due to customers

19

72,337,957

182,431,141

Current income tax obligations paid

(2,104,575)

(926,384)

Other liabilities

(12,900,414)

(5,875,532)

Net cash generated from (used in) operating activities

81,644,683

159,523,755

Cash flow from investing activities

Proceeds from sale of investments in associates

339,920

7,173

Payments for investment in subsidiaries

(140,000)

(200,000)

Payments for purchases of property, equipment and branches construction

(4,429,952)

(1,262,707)

Proceeds from selling property and equipment

6,006

2,184

Proceeds from redemption of financial assets at amortized cost

4,876,544

1,240,196

Payments for purchases of financial assets at amortized cost

(48,035,713)

(69,609,595)

Payments for purchases of financial assets at fair value through OCI

(91,524,026)

(58,448,832)

Proceeds from selling financial assets at fair value through OCI

65,110,896

47,255,555

Net cash generated from (used in) investing activities

(73,796,325)

(81,016,026)

Condensed Separate Interim Cash Flows for the period ended June 30, 2025 (Cont.)

Jun. 30, 2025

Jun. 30, 2024

Cash flow from financing activities

Other loans

7,288,192

7,074,520

Dividends

(14,160,151)

(5,078,792)

Issued debt instruments

(118,817)

1,709,668

Capital increase

276,930

236,570

Net cash generated from (used in) financing activities

(6,713,846)

3,941,966

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

1,134,512

82,449,695

Beginning balance of cash and cash equivalent

227,028,744

233,912,193

Cash and cash equivalent at the end of the period

228,163,256

316,361,888

Cash and cash equivalent comprise:

Cash and balances at the central bank

9

100,535,373

43,371,479

Due from banks

231,918,739

305,020,997

Treasury bills and other governmental notes

11

123,491,120

118,676,181

Obligatory reserve balance with CBE

(76,281,994)

(25,285,404)

Due from banks with maturity more than three months

(28,050,433)

(7,684,847)

Treasury bills and other governmental notes with maturity more than three months

(123,449,549)

(117,736,518)

Total cash and cash equivalent

228,163,256

316,361,888

Condensed Separate Interim statement of changes in shareholders' equity

Issued and paid capital

Legal reserve

General reserve

General risk reserve

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Total

Jun. 30, 2024

Beginning Balance at 1 January 2024

30,195,010

4,770,354

39,840,707

1,549,445

21,155

(16,808,265)

15,230

29,230,360

1,486,010

90,300,006

Capital increase

236,570

-

-

-

-

-

-

-

-

236,570

Transferred to reserves

-

1,438,320

22,582,085

-

1,663

-

-

(23,398,943)

(623,125)

-

Dividend paid

-

-

-

-

-

-

-

(5,366,429)

-

(5,366,429)

Net profit for the period

-

-

-

-

-

-

-

27,683,178

-

27,683,178

Transferred to RE from financial assets at fair value through OCI

-

-

-

-

-

-

-

-

-

-

Net change on financial assets at fair value through OCI after tax

-

-

-

-

-

4,073,707

-

-

-

4,073,707

Transferred (from) to banking risk reserve

-

-

-

-

-

-

2,694

(2,694)

-

-

Effect of ECL in fair value of debt instruments measured at fair value through OCI

-

-

-

-

-

751,734

-

-

-

751,734

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

533,219

533,219

 Balance at 30 June 2024

30,431,580

6,208,674

62,422,792

1,549,445

22,818

(11,982,824)

17,924

28,145,472

1,396,104

118,211,985

Issued and paid capital

Legal reserve

General reserve

General risk reserve

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Total

Jun. 30, 2025

Beginning Balance at 1 January 2025

30,431,580

6,208,674

62,422,792

1,549,445

22,818

(7,095,741)

17,924

56,260,451

1,868,235

151,686,178

Capital increase

276,930

-

-

-

-

-

-

-

-

276,930

Transferred to reserves

-

2,771,284

19,758,610

-

2,246

-

-

(21,744,828)

(787,312)

-

Dividends paid

-

-

-

-

-

-

-

(14,714,434)

-

(14,714,434)

Net profit for the period

-

-

-

-

-

-

-

33,409,510

-

33,409,510

Transferred to RE from financial assets at fair value through OCI

-

-

-

-

-

3,586

-

(3,586)

-

-

Net change on financial assets at fair value through OCI after tax

-

-

-

-

-

4,622,564

-

-

-

4,622,564

Transferred (from) to banking risk reserve

-

-

-

-

-

-

(2,628)

2,628

-

-

Effect of ECL in fair value of debt instruments measured at fair value through OCI

-

-

-

-

-

140,134

-

-

-

140,134

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

653,254

653,254

 Balance at 30 June 2025

30,708,510

8,979,958

82,181,402

1,549,445

25,064

(2,329,457)

15,296

53,209,741

1,734,177

176,074,136