3rd Quarter Results

Commercial Intnl Bank (Egypt) SAE
12 November 2007



FINANCIAL POSITION
As of September 30, 2007
Amounts in L.E.                                                    Note      Sep. 30, 2007       Dec. 31, 2006
Assets

Cash & Due From Central Bank                                       4         5,111,767,158       3,742,876,516
Due From Banks                                                     5         10,835,411,071      5,432,677,413
Treasury Bills & Other Notes Discountable at CBE                   6         2,077,756,172       4,058,745,805
Trading Financial Investments                                      7         536,965,266         887,142,138
Available for Sale Financial Investments                           8         2,344,723,457       3,178,163,512
Loans & Overdrafts (Net of Provision for Doubtful Debts)           9&10      20,310,094,731      17,464,675,855
Held to maturity Financial Investments                             11        527,294,714         822,284,338
Financial Investments in Subsidiary and associated companies       12        393,333,575         475,836,460
Debit Balances and Other Assets                                    14        1,191,862,173       821,707,644
Deferred Tax                                                       25        52,895,508          40,632,719
Fixed Assets (Net)                                                 15        572,664,379         497,753,223
Total Assets                                                                 43,954,768,204      37,422,495,623

Liabilities & Shareholders' Equity
Liabilities

Due to Banks                                                       16        1,905,902,091       1,212,524,120
Customer Deposits                                                  17        36,730,968,250      31,600,227,198
Dividends  & Profit Sharing                                                  0                   287,235,147
Credit Balances & Other Liabilities                                18        811,449,981         843,634,576
Long Term Loans                                                    19        149,242,616         99,166,861
Other Provisions                                                   20        391,622,567         339,825,378

Total Liabilities                                                            39,989,185,505      34,382,613,280

Shareholders' Equity
Issued & Paid- in Capital                                                    1,950,000,000       1,950,000,000
Reserves                                                                     1,088,238,561       1,089,882,343
Reserve for employee stock ownership plan (ESOP)                   28        21,869,688          0
Total Shareholders' Equity                                         21        3,060,108,249       3,039,882,343
Net Profit of the Period                                                     905,474,450         -
Total Shareholders' Equity & Net Profit                                      3,965,582,699       3,039,882,343
Total Liabilities &  Shareholders' Equity                                    43,954,768,204      37,422,495,623
Contingent & commitments Liabilities                               22        11,552,241,295      6,864,843,585


INCOME  STATEMENT
For the Period from Jan. 1 2007 to Sep. 30 2007


Amounts in LE.                                                     Note      From Jan. 1, 2007   From Jan. 1, 2006
                                                                             To Sep. 30, 2007    To Sep. 30, 2006

Interest Received from clients & Banks                                       1,878,451,694       1,261,921,115
Interest Received from Treasury Bills & Bonds                                308,605,257         423,566,913
Interest Paid to Clients  & Banks                                            (1,338,606,099)     (980,517,046)
Net Interest Income                                                          848,450,852         704,970,982
Banking Fees & Commissions                                                   420,373,860         294,983,957
Share Dividends                                                              62,860,246          34,319,519
Foreign Exchange Income                                            23        114,055,188         76,835,713
Profit from Selling Financial Investment                                     77,045,256          82,962,658
Profits from Dispose part of Subsidiaries                          24        148,393,558         0
Trading Investment Revaluation Differences                                   1,708,699           15,291,106
Other Income                                                                 24,209,777          78,131,294
Total Fee Income                                                             848,646,584         582,524,246
Net Operating Income                                                         1,697,097,436       1,287,495,228


Provisions                                                                   (209,250,000)       (173,410,750)
Other Investment Revaluation Differences                                     7,108,252           (4,324,682)
General & Administration Expenses & Depreciation                             (422,323,931)       (416,961,786)
Other Expenses                                                               (57,393,317)        (45,385,782)
                                                                             (681,858,996)       (640,083,000)
Net Operating Profits                                                        1,015,238,440       647,412,228
Non-Operating income                                                         305,200             178,000
Net Profit Before Tax                                                        1,015,238,440       647,590,228
Income Tax                                                                   (122,331,979)       (51,956,497)
Deferred Tax                                                       25        12,262,789          19,057,037
Net Profit After Tax                                                         905,474,450         614,690,768


CASH FLOW STATEMENT 1a
For the Period from Jan. 1 2007 to Sep. 30 2007
Amounts in LE.                                                               Sep. 30, 2007       Sep. 30, 2006
Cash Flow From Operating Activities
Net Income Before Tax                                                        1,015,543,640       647,590,228
Adjustments To Reconcile Net Income
Total Net Cash Provided by operating
Depreciation                                                                 89,444,937          67,267,917
Provisions (Additions during the period)                                     209,250,000         173,410,750
Trading Financial Investment Evaluation Diff.                                (1,708,699)         (15,291,106)
Other Financial  Investment Evaluation Diff.                                 (7,108,252)         4,324,682
Utilization of Provision (Other than Provision for Doubtful Debts)           -                   900
Difference in revaluation of FCY Provision Balances                          (1,217,811)         (27,113)
Gains From Selling of Fixed Assets                                           (305,200)           (178,000)
Profit From Selling of Investments                                           (77,045,256)        (82,962,658)
Profits from Dispose part of a Subsidiary                                    (148,393,558)       -
Income Tax Paid                                                              -                   (146,533,648)
FCY Revaluation Difference of  Long Term Loans                               1,364,449           1,602,829
Reserve for Employee Stock Ownership Plan (ESOP)                             21,869,688          -
Operating Profit Before Changes in Operating Assets and                      1,101,693,938       649,204,781
Liabilities

Net Decrease (Increase) in Assets
Due from banks                                                               (5,281,256,609)     (920,209,740)
Treasury Bills & Other Notes Discountable at CBE                             2,640,133,947       785,832,337
Trading Financial Investments                                                351,885,571         814,152,448
Available for Sale Financial Investments                                     1,065,987,121       (558,679,583)
Loans & Overdrafts                                                           (2,952,088,393)     (2,706,606,981)
Debit Balances &  Other Assets                                               (358,746,053)       (538,496,569)

Net Increase (Decrease) In Liabilities
Due to Banks                                                                 693,377,971         (365,549,651)
Customer Deposits                                                            5,130,741,052       3,794,583,429
Credit Balances & Other Liabilities                                          (154,516,574)       (517,428,787)
Net Cash Provided from Operating Activities                                  2,237,211,971       436,801,684


CASH FLOW STATEMENT 1b
For the Period from Jan. 1 2007 to Sep. 30 2007                              Sep. 30, 2007       Sep. 30, 2006
Cash Flow From Investment Activities
Purchase of Subsidiaries                                                     82,502,885          (23,844,014)
Prepaid for Fixed Assets, premises and Fitting-out of Branches               (225,024,852)       (178,163,657)
Purchase of Held-to-Maturity Investments                                     294,989,624         223,319,457
Net Cash (Used in) Investment  Activities                                    152,467,657         21,311,786

Cash Flow From Financing Activities
Decrease in Long Term Loans                                                  48,711,306          6,951,484
Dividends Paid                                                               (287,235,147)       (200,165,754)
Reverse for financial investment revaluation Diff                            (1,643,782)         (1,879,577)

Net Cash (Used in) provided from Financing Activities                        (240,167,623)       (195,093,847)

Net cash & cash equivalent                                                   2,149,512,005       263,019,623
Beginning Balance of cash and cash equivalent                                4,023,396,002       3,401,951,193
Cash & Cash equivalent Balance At the End of the period                      6,172,908,007       3,664,970,816

Cash & Cash Equivalent are Represented as Follows
Cash and Due from Central Bank                                               5,111,767,158       3,346,997,364
Due From Banks                                                               10,835,411,071      4,350,114,935
Treasury Bills                                                               2,077,756,172       2,677,961,367
Due to Banks                                                                 10,584,771,442)     (4,239,885,085)
Treasury Bills with Maturity  More than Three Months                         (1,267,254,952)     (2,470,217,765)
Total Cash & Cash Equivalent                                                 6,172,908,007       3,664,970,816




COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E
STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY
As of September 30, 2007




2006        Capital        Legal       General        Special     Reserves for Profits of the Reserve Total
                           Reserves    Reserves       Reserves    Inv. Rev.    year           for
                                                                                              ESOP

Beginning   1,300,000,000  331,128,634 723,775,555    162,709,903 9,646,006    0              0       2,527,260,098
Balance
Capital     650,000,000    0           (650,000,000)  0           0            (514,809,617)  0       0
Increase
Transfer to 0              40,102,238  474,707,379    0           0            (514,809,617)  0       0
Reserves
Distributed 0              0           0              0           0            (287,235,147)  0       (287,235,147)
Profits
Net Profit  0              0           0              0           0            802,044,764    0       802,044,764
Usage part  0              0           0              0           (2,187,372)  0              0       (2,187,372)
of reserve
Ending      1,950,000,000  371,230,872 548,482,934    162,709,903 7,458,634    (514,809,617)  0       3,039,882,343
Balance





2007         Capital        Legal       General     Special     Reserves for Profits of   Reserve    Total
                            Reserves    Reserves    Reserves    Inv. Rev.    the year     for ESOP

Beginning    1,950,000,000  371,230,872 548,482,934 162,709,903 7,458,634    0            0          2,527,260,098
Balance

Usage part   0              0           0           0           (1,643,782)  0            0          (1,879,577)
of reserve
Net Profits  0              0           0           0           0            905,474,450  0          905,474,450
of the
Period
Reserve for  0              0           0           0           0            0            21,869,688 21,869,688
ESOP
Ending       1,950,000,000  371,230,872 548,482,934 162,709,903 5,814,852    614,690,768  21,869,688 3,140,071,289
Balance


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