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

0

Notes

Mar. 31, 2025

Dec. 31, 2024

Assets

Cash and balances at the central bank

9

67,709,656

136,165,920

Due from banks

10

314,144,761

270,089,441

Loans and advances to banks, net

12

16,109,873

9,555,410

Loans and advances to customers, net

13

361,830,507

340,955,698

Derivative financial instruments

930,893

819,711

Financial investments

- Financial Assets at Fair Value through OCI

14

259,396,282

233,029,903

- Financial Assets at Amortized cost

14

188,018,472

167,276,956

Investments in subsidiaries and associates

15

853,165

871,525

Non-current assets held for sale

28

159,828

159,828

Other assets

16

40,366,933

44,175,232

Deferred tax assets

2,536,325

2,337,304

Property and equipment

17

4,597,989

3,881,620

Total assets

1,256,654,684

1,209,318,548

Liabilities and equity

Liabilities

Due to banks

18

4,051,736

2,317,715

Due to customers

19

996,119,565

967,895,387

Derivative financial instruments

78,314

100,571

Current income tax liabilities

5,565,862

18,327,968

Other liabilities

20

45,946,585

21,347,499

Issued debt instruments

21

5,044,951

5,067,781

Other loans

23,948,624

23,962,389

Other provisions

22

19,032,774

18,613,060

Total liabilities

1,099,788,411

1,057,632,370

Equity

Issued and paid capital

30,431,580

30,431,580

Reserves

87,850,844

63,125,912

Reserve for employee stock ownership plan (ESOP)

2,184,420

1,868,235

Retained earnings*

36,399,429

56,260,451

Total equity and net profit for the period / year

156,866,273

151,686,178

Total liabilities and equity

1,256,654,684

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 March 31, 2025

Last 9 Months

Last 9 Months

Notes

Mar. 31, 2025

Mar. 31, 2024

Interest and similar income

52,299,641

36,544,341

Interest and similar expense

(27,003,143)

(17,784,185)

Net interest income

25,296,498

18,760,156

Fee and commission income

3,510,324

2,684,283

Fee and commission expense

(1,586,144)

(1,118,950)

Net fee and commission income

1,924,180

1,565,333

Dividend income

12,751

610

Net trading income

6

641,395

16,202,679

Profits (Losses) on financial investments 

14.1

376,684

224,271

Administrative expenses

(3,748,977)

(2,840,462)

Other operating income (expenses)

7

(1,735,421)

(14,923,188)

Impairment release (charges) for credit losses

(68,528)

(1,482,187)

Profit before income tax

22,698,582

17,507,212

Income tax expense

26

(6,514,216)

(5,722,492)

Deferred tax assets (Liabilities)

26

411,246

161,877

Net profit for the period

16,595,612

11,946,597

Earnings per share

8

Basic

4.83

3.47

Diluted

4.79

3.45

0

Islam Zekry

Hisham Ezz Al-Arab

Group CFO & Executive Board Member

CEO & Executive Board Member

Notes

Mar. 31, 2025

Mar. 31, 2024

Cash flow from operating activities

Profit before income tax

22,698,582

17,507,212

Adjustments to reconcile profits to net cash provided by operating activities

Fixed assets depreciation

17

353,476

261,427

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

(1,099,420)

1,772,387

Other provisions release/charge

22

317,074

40,759

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

144,661

(53)

Impairment release/charge for credit losses (financial investments)

1,023,287

(290,147)

Impairment release/charge for other assets

-

(4,782)

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

212,785

(17,328,576)

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

(13,337)

1,130,412

Revaluation differences impairment charge for Financial Assets at Amortized cost

1,240

95,225

Revaluation differences impairment charge for due from banks

-

101

Net utilized / recovered of other provisions

22

(520)

(4,517)

Exchange revaluation differences of other provisions

22

103,160

3,574,794

Profits/losses from selling property and equipment

(6,006)

-

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

14.1

(195,124)

(224,271)

Profits/losses from selling investments in associates

14.1

(181,560)

-

Share based payments

316,185

300,000

Operating profits before changes in operating assets and liabilities

23,674,483

6,829,971

Net decrease / increase in assets and liabilities

Due from banks

121,695,741

42,289,034

Financial assets at fair value through P&L

-

(974,297)

Derivative financial instruments

(142,036)

154,638

Loans and advances to banks and customers

(26,329,852)

(36,747,889)

Other assets

6,045,337

(5,850,432)

Due to banks

18

1,734,021

(6,855,319)

Due to customers

19

28,224,178

117,099,122

Current income tax obligations paid

(948,354)

(276,723)

Other liabilities

5,716,835

1,851,912

Net cash generated from (used in) operating activities

159,670,353

117,520,017

Cash flow from investing activities

Proceeds from sale of investments in associates

226,698

4,782

Payments for investment in subsidiaries

(140,000)

-

Payments for purchases of property, equipment and branches construction

(3,193,660)

(366,618)

Proceeds from selling property and equipment

6,006

-

Proceeds from redemption of financial assets at amortized cost

2,537,401

285,507

Payments for purchases of financial assets at amortized cost

(23,457,385)

(53,240,480)

Payments for purchases of financial assets at fair value through OCI

(29,004,342)

(26,284,875)

Proceeds from selling financial assets at fair value through OCI

6,057,967

26,380,625

Net cash generated from (used in) investing activities

(46,967,315)

(53,221,059)

Mar. 31, 2025

Mar. 31, 2024

Cash flow from financing activities

Other loans

(13,765)

6,700,881

Dividends paid

(14,160,152)

(5,078,792)

Issued debt instruments

(22,830)

1,626,167

Net cash generated from (used in) financing activities

(14,196,747)

3,248,256

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

98,506,291

67,547,214

Beginning balance of cash and cash equivalent

227,028,744

233,912,193

Cash and cash equivalent at the end of the period

325,535,035

301,459,407

Cash and cash equivalent comprise:

Cash and balances at the central bank

9

67,709,656

36,542,863

Due from banks

314,289,639

291,980,200

Treasury bills and other governmental notes

11

115,964,828

119,754,167

Obligatory reserve balance with CBE

(43,718,398)

(19,383,018)

Due from banks with maturity more than three months

(14,867,792)

(7,554,480)

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

(113,842,898)

(119,880,325)

Total cash and cash equivalent

325,535,035

301,459,407

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

Mar. 31, 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

Transferred to reserves

-

1,438,320

21,958,960

-

1,663

-

-

(23,398,943)

-

-

Dividend paid

-

-

-

-

-

-

-

(5,366,429)

-

(5,366,429)

Net profit for the period

-

-

-

-

-

-

-

11,946,597

-

11,946,597

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

-

-

-

-

-

1,977,715

-

-

-

1,977,715

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

-

-

-

-

-

745,406

-

-

-

745,406

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

300,000

300,000

 Balance at 31 March 2024

30,195,010

6,208,674

61,799,667

1,549,445

22,818

(14,085,144)

17,924

12,408,891

1,786,010

99,903,295

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

Mar. 31, 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

Transferred to reserves

-

2,771,284

18,971,298

-

2,246

-

-

(21,744,828)

-

-

Dividends paid

-

-

-

-

-

-

-

(14,714,434)

-

(14,714,434)

Net profit for the period

-

-

-

-

-

-

-

16,595,612

-

16,595,612

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

-

-

-

-

-

2,141,325

-

-

-

2,141,325

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

-

-

-

-

-

841,407

-

-

-

841,407

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

316,185

316,185

 Balance at 31 March 2025

30,431,580

8,979,958

81,394,090

1,549,445

25,064

(4,113,009)

15,296

36,399,429

2,184,420

156,866,273