June 2022- InterimCondensed
THE BANK TO TRUST
Condensed Separate Interim Balance Sheet as at June 30, 2022
0 | Notes | Jun. 30, 2022 | Dec. 31, 2021 | ||||
0 | EGP Thousands | EGP Thousands | |||||
Assets | |||||||
Cash and balances at the central bank | 8 | 41,845,093 | 43,385,222 | ||||
Due from banks | 9 | 56,970,904 | 79,991,287 | ||||
Loans and advances to banks, net | 11 | 1,308,243 | 312,216 | ||||
Loans and advances to customers, net | 12 | 169,610,784 | 144,765,808 | ||||
Derivative financial instruments | 877,137 | 225,376 | |||||
Investments | |||||||
- Financial Assets at Fair Value through P&L | 13 | 1,648 | 240,987 | ||||
- Financial Assets at Fair Value through OCI | 13 | 215,842,642 | 192,390,931 | ||||
- Financial Assets at Amortized cost | 13 | 19,723,117 | 20,318,767 | ||||
- Investments in associates and subsidiaries | 14 | 1,064,250 | 1,014,350 | ||||
Other assets | 15 | 11,626,924 | 11,141,917 | ||||
Deferred tax assets (Liabilities) | 354,638 | 460,026 | |||||
Property and equipment | 16 | 2,391,033 | 2,404,237 | ||||
Total assets | 521,616,413 | 496,651,124 | |||||
Liabilities and equity | |||||||
Liabilities | |||||||
Due to banks | 17 | 2,969,822 | 862,759 | ||||
Due to customers | 18 | 427,556,083 | 406,100,916 | ||||
Derivative financial instruments | 34,934 | 265,265 | |||||
Current income tax liabilities | 2,330,166 | 2,234,985 | |||||
Other liabilities | 19 | 9,972,432 | 8,021,310 | ||||
Issued debt instruments | 20 | 1,864,924 | 1,557,263 | ||||
Other loans | 5,987,651 | 5,140,782 | |||||
Other Provisions | 21 | 5,355,635 | 3,539,676 | ||||
Total liabilities | 456,071,647 | 427,722,956 | |||||
Equity | |||||||
Issued and paid up capital | 19,825,134 | 19,702,418 | |||||
Reserves | 36,022,139 | 33,767,423 | |||||
Reserve for employee stock ownership plan (ESOP) | 1,555,725 | 1,674,392 | |||||
Retained earnings * | 8,141,768 | 13,783,935 | |||||
Total equity and net profit for the period / year | 65,544,766 | 68,928,168 | |||||
Total liabilities and equity | 521,616,413 | 496,651,124 | |||||
- | - | - |
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 & Managing Director | Chairman |
Condensed Separate Interim Income Statement for the period ended June 30, 2022
Last 3 Months | Last 6 Months | Last 3 Months | Last 6 Months | ||||||
Notes | Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2021 | |||||
EGP Thousands | EGP Thousands | EGP Thousands | EGP Thousands | ||||||
Interest and similar income | 12,445,964 | 24,258,160 | 10,854,910 | 20,975,491 | |||||
Interest and similar expense | (5,353,131) | (10,562,668) | (4,858,266) | (9,302,462) | |||||
Net interest income | 7,092,833 | 13,695,492 | 5,996,644 | 11,673,029 | |||||
Fee and commission income | 1,217,080 | 2,408,556 | 954,319 | 1,798,447 | |||||
Fee and commission expense | (558,167) | (1,072,802) | (353,568) | (687,129) | |||||
Net fee and commission income | 658,913 | 1,335,754 | 600,751 | 1,111,318 | |||||
Dividend income | 24,999 | 62,799 | 63,481 | 63,572 | |||||
Net trading income | 5 | 297,438 | 1,013,504 | 161,939 | 274,657 | ||||
Profits (Losses) on financial investments | 13 | 44,109 | 1,065,443 | 83,864 | 577,519 | ||||
Administrative expenses | (1,688,096) | (3,233,444) | (1,445,999) | (2,918,943) | |||||
Other operating (expenses) income | 6 | (1,084,359) | (2,509,857) | (586,688) | (1,113,292) | ||||
Impairment release (charges) for credit losses | (54,974) | (14,449) | (316,994) | (1,019,076) | |||||
Profit before income tax | 5,290,863 | 11,415,242 | 4,556,998 | 8,648,784 | |||||
Income tax expense | 25 | (1,735,323) | (3,110,536) | (1,381,023) | (2,590,270) | ||||
Deferred tax assets (Liabilities) | 25 | (21,141) | (530,715) | 25,067 | 18,828 | ||||
Net profit for the period | 3,534,399 | 7,773,991 | 3,201,042 | 6,077,342 | |||||
Earning per share | 7 | ||||||||
Basic | 1.58 | 3.48 | 1.43 | 2.75 | |||||
Diluted | 1.56 | 3.44 | 1.42 | 2.71 | |||||
0 | |||||||||
0 | |||||||||
Hussein Abaza | Sherif Samy | ||||||||
CEO & Managing Director | Chairman |
Condensed Separate Interim statement of Comprehensive Income for the period ended June 30, 2022
Net profit for the period
Change in fair value of debt instruments measured at fair value through other comprehensive income after income tax Transferred from reserve on disposal of financial assets at fair value through OCI
Effect of ECL in fair value of debt instruments measured at fair value through OCI
Total comprehensive income for the period
Last 3 Months | Last 6 Months | Last 3 Months | Last 6 Months | ||||
Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2021 | ||||
EGP Thousands | EGP Thousands | EGP Thousands | EGP Thousands | ||||
3,534,399 | 7,773,991 | 3,201,042 | 6,077,342 | ||||
(3,399,285) | (7,358,230) | 49,893 | (1,624,416) | ||||
(26) | (4,227) | - | (104,406) | ||||
2,627 | 104,188 | (39,469) | (54,113) | ||||
137,715 | 515,722 | 3,211,466 | 4,294,407 |
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CIB - Commercial International Bank (Egypt) SAE published this content on 24 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 July 2022 21:03:04 UTC.