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

Notes

Dec. 31, 2022

Dec. 31, 2021

EGP Thousands

EGP Thousands

Interest and similar income

55,723,701

45,078,169

Interest and similar expense

  (24,828,731)

  (20,204,272)

Net interest income 3

  30,894,970

24,873,897

Fee and commission income

5,555,082

4,045,573

Fee and commission expense

  (2,476,945)

  (1,655,096)

Net fee and commission income 4

  3,078,137

2,390,477

Dividend income 5

52,411

59,725

Net trading income 6

2,827,922

774,992

Profits on financial investments 20

1,162,195

594,863

Administrative expenses 7

(9,460,461)

(7,787,584)

Other operating expenses 8

(4,562,700)

(1,673,546)

Impairment charges for credit losses 9

(1,584,942)

(1,679,747)

Bank's share in the (loss)/profit of associates 12

  (19,253)

  14,996

Profit before income tax from continuing operations

  22,388,279

17,568,073

Income taxes 10

  (7,769,136)

(5,565,599)

Net profit for the year

  14,619,143

12,002,474

Attributable to:

Equity holders of the parent

14,561,381

12,006,925

Non-controlling interest

57,762

(4,451)

Net Profit for the year

  14,619,143

12,002,474

Earning per share 11

Basic attributable to equity holders of the parent

4.88

4.03

Diluted attributable to equity holders of the parent

4.84

3.99

Consolidated Statement of Comprehensive Income for the Year Ended December 31, 2022

Dec. 31, 2022

Dec. 31, 2021

EGP Thousands

EGP Thousands

Profit for the year

14,619,143

12,002,474

Comprehensive income items that will not be reclassified to the Profit or Loss:

Change in fair value of equity instruments measured at fair value through comprehensive income

233,046

(149,323)

Tax impact for investments that will not be reclassified to Income

Statement

(61,753)

13,489

Transferred to RE from financial assets at fair value through

comprehensive income

(3,436)

(177,488)

Comprehensive income items that is or may be reclassified to the

profit or loss:

Change in fair value of debt instruments measured at fair value

through comprehensive income

(14,691,866)

(2,181,779)

Change in fair value from selling FVOCI financial instruments

(1,116,776)

(702,776)

Cumulative foreign currencies translation differences

181,324

(4,218)

Tax impact for OCI investment that will be reclassified to Income

Statement

1,215,530

(109,394)

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

  455,047

  (93,566)

Total comprehensive income for the year

  830,259

  8,597,419

As follows:

Bank's shareholders

772,497

8,601,870

Non-controlling interest

  57,762

  (4,451)

Total comprehensive income for the year

  830,259

  8,597,419

Assets

Cash and balances at the central bank

13

47,492,549

43,492,248

Due from banks

14

133,856,720

80,141,769

Loans and advances to banks, net

15

2,978,197

312,216

Loans and advances to customers, net

16

193,599,872

145,575,243

Financial Assets at fair value through profit or loss

19

247,324

443,859

Derivative financial instruments

17

1,939,961

225,376

Financial Assets at fair value through OCI

19

208,144,247

197,238,721

Financial Assets at amortized cost

19

34,524,760

20,547,465

Right of use assets

23

1,726,082

1,084,585

Investments in associates

21

186,062

205,315

Other assets

22

14,521,427

11,207,128

Intangible assets

38

51,831

51,831

Goodwill

38

206,287

206,287

Deferred tax assets

10.2

185,745

456,002

Property and equipment

23

  2,405,434

  2,461,116

Total assets

  642,066,498

503,649,161

Liabilities and equity

Liabilities

Due to banks

24

3,496,698

866,056

Due to customers

25

531,616,550

407,241,538

Lease liabilities

23

1,690,099

1,087,820

Derivative financial instruments

17

219,752

265,470

Issued debt instruments

18

2,456,607

1,557,263

Other liabilities

27

17,700,479

13,710,791

Current Tax liability

3,051,583

2,234,985

Other loans

26

7,978,975

5,140,782

Provisions

28

  7,067,599

  3,541,462

Total liabilities

  575,278,342

  435,646,167

Equity

Issued and paid in capital

29

29,825,134

19,702,418

Reserves

30

19,342,866

33,552,794

Reserve for employee stock ownership plan (ESOP)

30

1,895,435

1,674,392

Retained earnings

30

  15,144,290

  12,618,855

Total equity attributable to equity holders of the parent

66,207,725

67,548,459

Non-controlling interest

39

580,431

454,535

Total equity

  66,788,156

  68,002,994

Total liabilities and equity

  642,066,498

503,649,161

Capital increase

4,925,605

-

-

(4,925,605)

-

-

-

Reserve for employee stock ownership plan (ESOP)

-

609,744

-

-

609,744

-

609,744

Dividend

-

-

(156,389)

-

(156,389)

(24,069)

(180,458)

Transferred to reserves

-

-

(8,766,110)

5,539,320

(3,226,790)

-

(3,226,790)

Balance at 31 December 2021

19,702,418

1,674,392

12,618,855

33,552,794

67,548,459

454,535

68,002,994

Beginning balance at 1st of Jan 2022

Total comprehensive income

Capital increase

Reserve for employee stock ownership plan (ESOP)

Dividend

Transferred to reserves

Balance at 31 December 2022