CIB FY2024 Earnings Release

*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.

Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy

To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.

CONSOLIDATED FINANCIAL HIGHLIGHTS
Income Statement	4Q24	3Q24	QoQ Change		4Q23	YoY Change	FY24	FY23	YoY Change
	EGP million	EGP million	(4Q24 vs. 3Q24)		EGP million	(4Q24 vs. 4Q23)	EGP million	EGP million	(FY24 vs. FY23)
Net Interest Income	25,381	24,146	5%		15,199	67%	91,064	52,930	72%
Non-Interest Income	1,609	1,380	17%		1,950	-17%	7.892	5,909	34%
Net Operating Income	26,991	25,526	6%		17,149	57%	98,956	58,838	68%
Non-Interest Expense	(4,715)	(3,382)	39%		(3,574)	32%	(13,896)	(10,076)	38%
Total Provisions*	(3,761)	(1,925)	95%		(3,527)	7%	(7,925)	(7,109)	11%
Net Profit before Tax	18,514	20,219	-8%		10,047	84%	77,136	41,653	85%
Income Tax	(6,341)	(5,709)	11%		(3,560)	78%	(23,549)	(13,100)	80%
Deferred Tax	736	291	153%		765	-4%	1,670	1,158	44%
Net Profit from Continued Operations	12,909	14,801	-13%		7,252	78%	55,257	29,711	86%
Net Profit from Discontinued Operations	0.0	0.0	NM		7.6	NM	0.0	(42)	NM
Net profit	12,909	14,801	-13%		7,260	78%	55,257	29,669	86%
Non-Controlling Interest	60.4	(0.4)	NM		31.0	95%	60.3	34.3	76%
Bank's Shareholders	12,848	14,801	-13%		7,229	78%	55,196	29,635	86%

Financial Indicators	4Q24	3Q24	QoQ Change		4Q23	YoY Change	FY24	FY23	YoY Change
			(4Q24 vs. 3Q24)			(4Q24 vs. 4Q23)			(FY24 vs. FY23)
Profitability
ROAE**	35.3%	46.0%	-23%		34.5%	3%	49.5%	39.7%	25%
ROAA**	4.40%	5.44%	-19%		3.51%	25%	5.44%	4.06%	34%
Efficiency
Cost-to-Income	17.5%	13.2%	32%		20.8%	-16%	14.0%	17.1%	-18%
Liquidity
Gross Loans-to-Deposits	41.4%	39.5%	5%		39.5%	5%	41.4%	39.5%	5%
Asset Quality
NPLs-to-Gross Loans	3.30%	4.43%	-26%		3.59%	-8%	3.30%	3.59%	-8%
Capital Adequacy Ratio	24.1%	29.1%	-17%		26.2%	-8%	24.1%	26.2%	-8%
Total Provisions include "Impairment release (charges) for credit losses" and "Release (charges) of other provisions", reported under "Other operating income (expenses)". *Full-Year ROAE and ROAA after profit appropriation
STANDALONE FINANCIAL HIGHLIGHTS
Income Statement	4Q24	3Q24		QoQ Change	4Q23	YoY Change	FY24	FY23	YoY Change
	EGP million	EGP million		(4Q24 vs. 3Q24)	EGP million	(4Q24 vs. 4Q23)	EGP million	EGP million	(FY24 vs. FY23)
Net Interest Income	25,290	24,086		5%	15,160	67%	90,816	52,747	72%
Non-Interest Income	1,484	1,369		8%	1,653	-10%	7,786	4,664	67%
Net Operating Income	26,774	25,455		5%	16,812	59%	98,602	57,411	72%
Non-Interest Expense	(4,538)	(3,227)		41%	(3,462)	31%	(13,334)	(9,766)	37%
Total Provisions*	(3,709)	(1,913)		94%	(3,507)	6%	(7,867)	(7,120)	10%
Net Profit before Tax	18,526	20,315		-9%	9,844	88%	77,401	40,525	91%
Income Tax	(6,317)	(5,709)		11%	(3,535)	79%	(23,281)	(13,076)	78%
Deferred Tax	661	269		146%	728	-9%	1,308	1,319	-1%
Net Profit	12,871	14,874		-13%	7,036	83%	55,428	28,768	93%

Financial Indicators	4Q24	3Q24	QoQ Change	4Q23	YoY Change	FY24	FY23	YoY Change
Financial Indicators			(4Q24 vs. 3Q24)		(4Q24 vs. 4Q23)			(FY24 vs. FY23)
Profitability
ROAE**	35.6%	46.5%	-23%	33.6%	6%	50.0%	38.6%	29%
ROAA**	4.43%	5.49%	-19%	3.43%	29%	5.48%	3.95%	39%
NIM***	9.43%	9.46%	-0.3%	8.05%	17%	9.48%	7.55%	26%
Efficiency
Cost-to-Income	17.0%	12.7%	34%	20.6%	-18%	13.5%	17.0%	-21%
Liquidity
Gross Loans-to-Deposits	41.3%	39.4%	5%	39.4%	5%	41.3%	39.4%	5%
Asset Quality
NPLs-to-Gross Loans	3.24%	4.39%	-26%	3.54%	-8%	3.24%	3.54%	-8%
Direct Coverage Ratio	351%	289%	22%	309%	13%	351%	309%	13%

BALANCE SHEET
	Consolidated			Standalone
Balance Sheet	Dec-24	Dec-23	YoY Change	Dec-24	Dec-23	YoY Change
	EGP million	EGP million	(Dec-24 Vs. Dec-23)	EGP million	EGP million	(Dec-24 Vs. Dec-23)
Cash and Balances at The Central Bank	136,531	71,888	90%	136,166	71,747	90%
Due from Banks	270,830	231,085	17%	270,089	230,709	17%
Net Loans and Advances	353,098	235,808	50%	350,511	234,647	49%
Derivative Financial Instruments	820	1,105	-26%	820	1,102	-26%
Financial Investments	402,630	271,466	48%	400,307	270,138	48%
Investments in Associates and Subsidiaries	98	116	-15%	872	672	30%
Other Assets	50,966	23,397	118%	50,554	23,512	115%
Total Assets	1,214,973	834,866	46%	1,209,319	832,527	45%
Due to Banks	2,035	12,458	-84%	2,318	12,427	-81%
Due to Customers	972,596	677,237	44%	967,895	675,310	43%
Other Liabilities	87,523	54,529	61%	87,419	54,490	60%
Total Liabilities	1,062,154	744,225	43%	1,057,632	742,227	42%
Shareholders' Equity & Net Profit	152,636	90,481	69%	151,686	90,300	68%
Non-Controlling Interest	183	160	14%	0	0	NM
Total Liabilities & Shareholders' Equity	1,214,973	834,866	46%	1,209,319	832,527	45%

Companies

UK 100

Latest directors dealings