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

Condensed Consolidated Interim Balance Sheet as at September 30, 2020

Notes

Sep. 30, 2020

Dec. 31, 2019

EGP Thousands

EGP Thousands

Assets

Cash and balances at the central bank

7

35,786,423

28,273,962

Due from banks

8

56,903,819

28,353,366

Loans and advances to banks, net

10

19,021

625,264

Loans and advances to customers, net

11

119,145,984

119,321,103

Derivative financial instruments

242,694

216,383

Investments

- Financial Assets at Fair value through P&L

12

344,219

418,781

- Financial Assets at Fair value through OCI

12

119,938,583

89,897,257

- Amortized cost

12

69,896,376

107,225,613

- Investments in associates

13

141,772

107,693

Other assets

9,398,676

9,748,143

Goodwill

0

223,328

-

Deferred tax assets (Liabilities)

413,720

350,339

Property, plant and equipment

14

2,265,502

2,204,464

Total assets

414,720,117

386,742,368

Liabilities and equity

Liabilities

Due to banks

15

8,820,095

11,810,607

Due to customers

16

332,326,819

304,448,455

Derivative financial instruments

305,164

282,588

Current tax liabilities

1,359,201

4,639,364

Other liabilities

6,656,244

8,396,794

Other loans

7,764,995

3,272,746

Provisions

17

2,960,720

2,011,369

Total liabilities

360,193,238

334,861,923

Equity

Issued and paid up capital

14,776,813

14,690,821

Reserves

30,496,156

24,344,815

Reserve for employee stock ownership plan (ESOP)

1,410,846

963,152

Retained earnings *

7,501,210

11,881,657

Total equity

54,185,025

51,880,445

Minority interest

341,854

-

Total minority interest, equity and net profit for the period/year

54,526,879

51,880,445

Total liabilities and equity

414,720,117

386,742,368

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

(Review report attached)

*

Including net profit for the current period

Hussein Abaza

Sherif Samy

CEO & Board member

Chairman

Condensed Consolidated Interim statement of other Comprehensive Income for the period ended September 30, 2020

Last 9 Months

Last 9 Months

Sep. 30, 2020

Sep. 30, 2019

EGP Thousands

EGP Thousands

Net profit for the period

7,344,292

8,537,594

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

(2,292,039)

5,271,372

Transferred from reserve for financial assets at fair value through OCI

(76,717)

-

Cumulative foreign currencies translation differences

1,314

3,747

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

88,192

(71,846)

Total other comprehensive income for the period

5,065,042

13,740,867

As follows:

Bank's shareholders

5,067,142

13,740,867

Minority interest

(2,100)

-

Total other comprehensive income for the period

5,065,042

13,740,867

Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended September 30, 2019

Sep. 30, 2019

Issued and paid up 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

Cumulative foreign currencies translation differences

Total Shareholders Equity

Minority Interest

Total

EGP Thousands

Beginning balance

11,668,326

1,710,293

12,776,215

1,549,445

12,421

(1,860,851)

4,323

9,637,083

738,320

-

36,235,575

-

36,235,575

Capital increase

2,917,082

-

(2,917,082)

-

-

-

-

-

-

-

-

-

-

Transferred to reserves

-

477,736

6,375,589

-

1,045

-

-

(6,854,370)

-

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

(2,700,544)

-

-

(2,700,544)

-

(2,700,544)

Net profit of the period

-

-

-

-

-

-

-

8,537,594

-

-

8,537,594

-

8,537,594

Net unrealised gain/(loss) on financial assets at fair value through OCI

-

-

-

-

-

5,271,372

-

-

-

-

5,271,372

-

5,271,372

Transferred (from) to bank risk reserve

-

-

-

-

-

-

841

(841)

-

-

-

-

-

ECL for impairment of debt instruments investments

-

-

-

-

-

(71,846)

-

-

-

-

(71,846)

-

(71,846)

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

371,997

-

371,997

-

371,997

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

3,747

3,747

-

3,747

Balance at the end of the period

14,585,408

2,188,029

16,234,722

1,549,445

13,466

3,338,675

5,164

8,618,922

1,110,317

3,747

47,647,895

-

47,647,895

Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended September 30, 2020

Sep. 30, 2020

Issued and paid up 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

Cumulative foreign currencies translation differences

Total Shareholders Equity

Minority Interest

Total

EGP Thousands

Beginning balance

14,690,821

2,188,029

16,474,429

1,549,445

13,466

4,111,781

5,164

11,881,657

963,152

2,501

51,880,445

-

51,880,445

Capital increase

85,992

-

-

-

-

-

-

-

-

-

85,992

-

85,992

Transferred to reserves

-

590,106

7,840,287

-

1,440

-

-

(8,431,833)

-

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

(3,370,464)

-

-

(3,370,464)

-

(3,370,464)

Minority Interest share

-

-

-

-

-

-

-

-

-

-

-

343,954

343,954

Net profit of the period

-

-

-

-

-

-

-

7,346,392

-

-

7,346,392

(2,100)

7,344,292

Transferred from reserve for financial assets at fair value through OCI

-

-

-

-

-

(76,717)

-

76,717

-

-

-

-

-

Net unrealised gain/(loss) on financial assets at fair value through OCI

-

-

-

-

-

(2,292,039)

-

-

-

-

(2,292,039)

-

(2,292,039)

Transferred (from) to bank risk reserve

-

-

-

-

-

-

1,259

(1,259)

-

-

-

-

-

Release provision for impairment of debt instruments investments

-

-

-

-

-

88,192

-

-

-

-

88,192

-

88,192

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

447,694

-

447,694

-

447,694

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

(1,187)

(1,187)

-

(1,187)

Balance at the end of the period

14,776,813

2,778,135

24,314,716

1,549,445

14,906

1,831,217

6,423

7,501,210

1,410,846

1,314

54,185,025

341,854

54,526,879