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

Notes

Mar. 31, 2020

Dec. 31, 2019

EGP Thousands

EGP Thousands

Assets

Cash and balances with central bank

15

 27,169,495

 28,273,962

Due from banks

16

 26,608,406

 28,353,366

Loans and advances to banks, net

18

 937,043

 625,264

Loans and advances to customers, net

19

 115,422,951

 119,321,103

Derivative financial instruments

20

 377,344

 216,383

Investments

- Financial Assets at Fair Value through P&L

21

 314,665

 418,781

- Financial Assets at Fair value through OCI

21

 92,469,884

89,897,257

-Amortized cost

21

 106,531,563

107,225,613

-Investments in associates and subsidiaries

22

49,132

63,953

Other assets

23

9,011,803

 9,747,939

Deferred tax assets (Liabilities)

31

425,580

 350,339

Property, plant and equipment

24

 2,226,095

 2,202,698

Total assets

381,543,775

 386,696,658

Liabilities and equity

Liabilities

Due to banks

25

 10,437,923

 11,810,607

Due to customers

26

 309,997,120

 304,483,655

Derivative financial instruments

20

 479,441

 282,588

Current tax liabilities

 1,332,487

 4,639,364

Other liabilities

28

 7,674,064

 8,396,487

Other loans

27

 3,181,170

 3,272,746

Provisions

29

 2,389,204

 2,011,369

Total liabilities

 335,491,409

 334,896,816

Equity

Issued and paid up capital

30

 14,690,821

14,690,821

Reserves

33

 27,862,114

24,342,314

Reserve for employee stock ownership plan (ESOP)

33

 1,108,221

963,152

Retained earnings *

33

 2,391,210

11,803,555

Total equity

 46,052,366

51,799,842

Total liabilities and equity

 381,543,775

386,696,658

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

(Review report attached)

*Including net profit for the current period

Hisham Ezz Al-Arab

Chairman and Managing Director

Separate income statement for the period ended March 31, 2020

Notes

Mar. 31, 2020

Mar. 31, 2019

EGP Thousands

EGP Thousands

Net profit for the period

2,391,210

2,642,347

Net change in fair value of debt instruments measured at fair value through other comprehensive income

(4,865,970)

2,442,704

Net change in fair value of debt instruments measured at fair value through other comprehensive income

(47,321)

(107,122)

Expected credit loss for fair value of debt instruments measured at fair value through other comprehensive income

Total other comprehensive income for the year

(2,522,081)

4,977,929

Separate cash flow for the period ended March 31, 2020

Notes

Mar. 31, 2020

Mar. 31, 2019

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax

3,648,456

3,757,767

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

Fixed assets depreciation

24

160,538

131,898

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

12

1,272,649

634,951

Other provisions charges

29

439,410

2,077

Impairment charge for credit losses (due from banks)

12

14,782

(7,102)

Impairment charge for credit losses (financial investments)

12

(47,321)

(107,122)

Impairment charge for other assets

23

13,707

24,814

Exchange revaluation differences for financial assets at fair value through OCI

21

287,889

334,394

Intangible assets amortization

-

32,552

Impairment charge financial assets at fair value through OCI

21

-

45,664

Exchange differences in financial investments in subsidiary

22

719

1,485

Utilization of other provisions

29

(726)

2,461

Other provisions no longer used

29

(38,630)

(164,335)

Exchange differences of other provisions

29

(22,219)

(37,871)

(Profits) losses from selling property, plant and equipment

11

(94)

-

(Profits) losses from selling financial investments

21

(554,113)

(52,041)

Shares based payments

145,069

124,000

14,100

-

Released (Impairment) charges of equity instruments

69,863

-

Operating profits before changes in operating assets and liabilities

5,404,079

4,723,592

Net decrease (increase) in assets and liabilities

Due from banks

15

211,025

(17,549,341)

Treasury bills and other governmental notes

-

15,781,350

Financial assets at fair value through P&L

21

104,116

2,180,287

Derivative financial instruments

20

35,892

(47,159)

Loans and advances to banks and customers

18 - 19

2,428,551

(6,035,057)

Other assets

40

857,769

(587,120)

Due to banks

25

(1,372,684)

(3,921,303)

Due to customers

26

5,513,465

8,051,449

Income tax obligations paid

(4,639,364)

(3,762,070)

Other liabilities

28

(722,423)

3,487,750

Net cash provided from operating activities

7,820,426

2,322,378

Cash flow from investing activities

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

(319,089)

(483,048)

Proceeds from selling property, plant and equipment

11

94

-

Proceeds from redemption of financial assets at amortized cost

21

45,639,889

33,452,378

Payment for purchases of financial assets at amortized cost

21

(44,945,839)

(32,834,360)

Payment for purchases of financial assets at fair value through OCI

21

(62,050,349)

(4,493,603)

Proceeds from selling financial assets at fair value through OCI

54,866,521

4,617,766

Net cash used in investing activities

(6,808,773)

259,133

Cash flow from financing activities

Increase (decrease) in long term loans

27

(91,576)

(114,541)

Dividend paid

(3,370,464)

(2,700,544)

Net cash used in (provided from) financing activities

(3,462,040)

(2,815,085)

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

(2,450,387)

(233,574)

Beginning balance of cash and cash equivalent

22,895,017

34,303,645

Cash and cash equivalent at the end of the year

20,444,630

34,070,071

Cash and cash equivalent comprise:

Cash and balances with central bank

15

27,169,495

24,741,584

Due from banks

16

26,640,005

51,538,237

Treasury bills and other governmental notes

17

29,091,960

33,831,714

Obligatory reserve balance with CBE

15

(22,186,285)

(17,837,693)

Due from banks with maturities more than three months

(10,415,104)

(23,971,797)

Treasury bills with maturity more than three months

(29,855,441)

(34,231,974)

Total cash and cash equivalent

20,444,630

34,070,071