Commercial International Bank - Egypt (cib) S.a.e. · EGX:COMI
Commercial International Bank - Egypt (cib) S.a.e — Commercial International Bank - Egypt (CIB) — FY2024 Earnings Presentation
41 slides from Commercial International Bank - Egypt (cib) S.a.e's earnings presentation, 2025
Slide 1: Investors Relation Presentation FY24
Investors Relation Presentation FY24
Slide 2: Table of Contents
Table of Contents 01 About CIB 03 Strategy - Investment case - Strategy - CIB at a glance - Digital Transformation - COMI and credit ratings 02 Operating Environment 04 ESG - Macroeconomic Environment - Egyptian Banking Sector 05 Risk Management 06 Financial Performance Investors Relations Presentat
Slide 3: Disclaimer
DISCLAIMER By attending the meeting where this presentation deck is being presented and/or distributed or by reading through its slides, you agree with the following limitations: The information in this presentation may contain future projections and forward-looking statements that reflect the Bank’
Slide 4: About CIB
ABOUT CIB 01 Investors Relations Presentation FY24
Slide 5: Investment Case
INVESTMENT CASE Ensuring strong security A dynamic long-term strategy CIB’s security and governance policies are aligned with international standards The central pillars of CIB’s strategy include the use of pragmatic and best practices. Launched in 2017, the Bank’s Cybersecurity Operations Center is
Slide 6: CIB at a Glance
CIB AT GLANCE TotalAssets Presence Key Factors EGP 1.2tn* 46% YoY Branches Employees Revenues 212 8,290 EGP 99.0bn Total Customer Desposits Subsidiaries and Associates CIB Kenya Limited: 100% Commercial International Finance Company: 99.96% Clients ATMs Average Market Cap Damietta Shipping and Marin
Slide 7: COMI and Credit Ratings
COMI AND CREDIT RATINGS STOCK EXCHANGES TICKER SHARE INFORMATION 52 WEEKS PERFORMANCE AVERAGE P/B Listed Egyptian Exchange (EGX) COMI Shares outstanding 3,043,158,000 High EGP 97.5 2.2 Par value EGP10.00 Low EGP 70.0 Listed London Stock Exchange (LSE) CBKD GDRconvertibility 1:1 Traded OTCQX Int’l Pr
Slide 8: Macroeconomic Environment
MACROECONOMIC ENVIRONMENT Real GDP Growth (%) Inflation (%) 41% 34.20% 6.2% 31.2% 29.00% 26.64% 5.1% 24.5% 23.20% 14.6% 3.6% 6.3% 36% 33.70% 2.5% 29.80% 27.51% 2.4% 25.8% 24.10% 2.0% 21.3% 13.2% 7.3% Jan-22 Jun-22 Dec-22 Jan-23 Jun-23 Dec-23 Jan-24 Jun-24 Dec-24 18/19 19/20 20/21 21/22 22/23 23/24 H
Slide 9: Operating Environment
OPERATING ENVIRONMENT 02 Investors Relations Presentation FY24
Slide 10: Macroeconomic Environment
MACROECONOMIC ENVIRONMENT Economic Activity Contribution to GDP Key Sector Growth (%) 2023/2024 (2023/2024) MANAGEABLE DEBT 7.1% 11.7% Net International Reserve: USD 47.3bn 6.6% Current A/C Balance: USD -20.8 bn* 6.7% 11.1% LT External Debt: USD 126.86bn* 16.5 16.6 ST External Debt: USD 26.02bn* 3.1
Slide 11: Egypt's Banking Sector
EGYPT’S BANKING SECTOR Total POS Total Branches Total ATMs 215,923 205,200 188,429 173,401 4,717 4,638 4,598 4,577 98,049 23,805 22,708 79,952 21,459 4,451 16,962 14,152 12,656 4,298 18/19 19/20 20/21 21/22 22/23 Jun-24 18/19 19/20 20/21 21/22 22/23 Jun-24 18/19 19/20 20/21 21/22 22/23 Jun-24 Total
Slide 12: Egypt's Banking Sector
EGYPT’S BANKING SECTOR Total Loans Total Deposits YtD Loan Growth EGP billion EGP billion 170.6% 12,891 7,728 9,473 4,718 7,370 65.2% 3,490 5,751 4,701 31.0% 2,856 4,007 18.5% 22.2% 13.6% 1,840 2,180 18/19 19/20 20/21 21/22 22/23 24-Sep 18/19 19/20 20/21 21/22 22/23 24-Sep 18/19 19/20 20/21 21/22 22
Slide 13: Strategy
STRATEGY 03 Investors Relations Presentation FY24
Slide 14: Strategy: Today and Tomorrow
STRATEGY TODAY TOMORROW Financial Performance • Quality loan growth, with focus on increasing product penetration & SoW • Differentiating our lending portfolio towards sectors of the future • Deposit growth, particularly from households clients • Focus on underpenetrated retail banking segments with
Slide 15: Financial Inclusion
FINANCIAL INCLUSION Since the launching of financial inclusion strategy by CBE, CIB is continuing to develop all the necessary tools to enable better- access for unbanked and underbanked segments, understand the segments financial needs and offering the necessary financial literacy alongside tailore
Slide 16: Financial Inclusion
FINANCIAL INCLUSION CIB is always keen to be one of the main players to achieve the strategic objectives of the country believing in its role to improve the financial awareness for the underbanked in addition to include them in the ecosystem. CIB conducted awareness and literacy sessions for 10,400
Slide 17: ESG
ESG 04 Investors Relations Presentation FY24
Slide 18: Our Sustainability Journey
OUR SUSTAINABILITY JOURNEY Secured USD 60 million in total from EBRD for Green project and Women in Business CIB Foundation Bank-wide Energy FTSE4Good Founding Signatory Supporter of the Task Signatory of the UNEPFI Met the Bank’s first ENciency Project Constituent of the Principles for for Climate
Slide 19: Our Approach
OUR APPROACH INTERNATIONAL STANDARDS AND GUIDELINES PILLAR 01 PILLAR 04 SUSTAINABILITY SUSTAINABILITY GOVERNANCE MANAGEMENT SYSTEM CIB PILLAR 02 SUSTAINABLE PILLAR 05 SUSTAINABLE FINANCE & POLICY FINANCE SUSTAINABILITY COMMUNICATION FRAMEWORKS ARCHITECTURE INSTITUTIONAL & EDUCATION PILLARS PILLAR 03
Slide 20: ESG Governance
ESG GOVERNANCE The integration of sustainability into CIB’s core operation starts at the highest level with signoff from the bank’s Board of Directors who are committed to advancing the bank’s governance structures to ensure the integration of ESG into the bank’s policies and culture Sustainable Boa
Slide 21: Climate Change Governance
CLIMATE CHANGE GOVERNANCE Board Board Oversight Board of Directors Oversight Board Board Board Sustainability Audit Committee Risk Committee Committee Chief Executive ONcer and Managing Director Executive Management Executive Management Oversight Sustainable Finance Oversight Steering Committee Memb
Slide 22: Climate Change Governance
CLIMATE CHANGE GOVERNANCE Climate Change Task Force Task Force and Business Management Corporate Business Retail Direct Treasury Banking Banking Banking Investment More information is found in the Bank’s TCFD Report Investors Relations Presentation FY24
Slide 23: Environmental, Social and Climate Risk
ENVIRONMENTAL, SOCIAL AND CLIMATE RISK CIB has had a robust Environmental and Social Risk Management System (ESRM) in place since 2016, which positions the Bank as the leader in sustainable finance in the Egyptian market and provides clients with the necessary tools and products to aid their transit
Slide 24: Corporate Governance
CORPORATE GOVERNANCE The Board carries on with its mandate to continuously improve the overall corporate governance framework Commitment to sound corporate governance practices continues to define CIB by regularly reviewing and supervising the Bank’s practices • Internal policies, risk controls, and
Slide 25: Board Committees
CORPORATE GOVERNANCE CIB’s Board consists of 11members; 8 are non-executive, 5 are independent and 2 representing the interests of Alpha Oryx Ltd* Audit Committee Neveen Paresh Islam Zekry Sukthankar Fadhel Al Ali Hoda Mansour Jawaid Mirza Sabbour Group CFO and Non-executive Board Independent, Non-E
Slide 26: Risk Management
RISK MANAGEMENT 05 Investors Relations Presentation FY24
Slide 27: Risk Management and Risk Appetite
RISK MANAGEMENT RISK APPETITE Risk Appetite is an integral component of CIB’s ERM framework as a governance and Risk Governance – Three Lines Model monitoring tool in evaluating the Bank’s risks. It covers all material risks (financial and non-financial) including its policies, processes, controls,
Slide 28: Financial Performance
FINANCIAL PERFORMANCE 06 Investors Relations Presentation FY24
Slide 29: Income Statement Highlights
INCOME STATEMENT HIGHLIGHTS EGP million NET INCOME MOVEMENT BOTTOM LINE PROGRESS 55,428 9,937 38,135 EGP million 1,263 55,275 3,820 28,768 29,887 16,130 254 13,420 3YR-CAGR: 43% FY23 Net Income & Non-Interest Impairment Non-Interest Net Interest FY24 Net Income Deferred Tax Expense Charge for Income
Slide 30: Loans and Advances
LOANS AND ADVANCES GROSS LOANS 313.973 120 GROSS LOAN MOVEMENT 110 266 252 255 113 244 113 1.46 0.81 4.73 45.96 74 28.65 79 77 80 EGP billion 12.43 32.64 EGP billion 392 282 243 266 201 218 173 178 192 164 -0.22 Dec-23 Gross Mortgage Retail Credit card Other Personal Corporate Syndicated Corporate D
Slide 31: Loans and Advances
LOANS AND ADVANCES Individual 20.3% Other Corporate Mortgage Retail Overdraft, Loans, 1.6% loans, 7% 5% Corporate Syndicated Overdraft, Loans, 26.4% 26.6% Credit card, EGP 19% 66bn EGP 249bn Corporate and Corporate Business Banking, Personal Direct Loans, 79.7% Loans, 69% 45.4% GROSS LOAN COMPOSITIO
Slide 32: Customers' Deposits
CUSTOMERS’ DEPOSITS DEPOSITS BREAKDOWN BY INTEREST NATURE 973 9.71 DEPOSITS DEPOSIT MOVEMENT 163 410 36.68 675 365 5.66 345 323 122 EGP billion 210 210 212 24.15 EGP billion 202 8.22 751 EGP billion 1.66 5.20 800 531 562 469 513 447 456 463 675 548 372 Dec-23 Other Certificates Saving Time Demand De
Slide 33: Customers' Deposits
CUSTOMERS’ DEPOSITS DEC-24 DEPOSIT BREAKDOWN BY PRODUCT Saving Deposits, Other Deposits, 0.96% 16.92% DEPOSITS DEC-24 DEPOSIT COMPOSITION Demand deposits, 432 37.93% 386 369 349 Corporate, Certificates 44% of Deposit, 306 306 24.13% 305 EGP billion 284 EGP Time Deposits, 432bn 20.06% 540 444 489 511
Slide 34: Net Interest Income/Non-Interest Income
NET INTEREST INCOME/NON-INTEREST INCOME NET INTEREST INCOME NON-INTEREST INCOME 200,000 10,000 5,000 5,438 7,085 150,000 2,382 3,066 0 (1,981) (5,071) (6,591) 100,000 182,735 Jan-21 Jan-22 Jan-23 Jan-24 (5,000) 104,028 (10,000) (23,703) 50,000 44,945 55,442 (15,000) (51,099) (91,671) 0 (20,058) (24,
Slide 35: Cost Efficiency
COST EFFICIENCY NON-INTEREST EXPENSES COST EFFICIENCY 16000 14000 13,896 120,000 12000 100,000 10000 10,076 80,000 95,573 8000 60,000 7,372 6182.73 40,000 56,176 6000 26,755 32,752 4000 20,000 6,183 7,372 10,076 13,896 2000 0 Jan-21 Jan-22 Jan-23 Jan-24 0 (20,000) Dec-21 Dec-22 Dec-23 Dec-24 Adminis
Slide 36: Provisions and Coverage
PROVISIONS AND COVERAGE NPL Ratio NPL COVERAGE RATIO IMPAIRMENT CHARGES 6.0% 400% 4,468 4,287 5.1% 350% 351% 5.0% 4.8% 305% 300% 3,399 4.0% 2,833 EGP million 250% 3.5% 227% 3.2% 200% 213% 3.0% 1,856 1,677 1,556 1,512 150% 2.0% 100% 1.0% 50% 0% 0.0% Jan-21 Jan-22 Jan-23 Jan-24 Dec-21 Dec-22 Dec-23 De
Slide 37: Capital and Liquidity
CAPITAL AND LIQUIDITY CAPITAL ADEQUACY RATIO CAPITAL BASE 6,000 27,000 Risk Weighted Assets (EGP mn) 26.2%26.2% 26.2% 25.2% 180,000 25,000 24.1% 553,265 1.08% 600,000 160,000 21.4% 4.28% 4.93% 4.61% 23,900 19.3% 19.0% 4.02% 438,652 140,000 16,339 500,000 484,592 541,985 3.52% 15,032 427,202 120,000
Slide 38: Position Among Peers (Sep.24)
POSITION AMONG PEERS (Sep.24) EGP Billions EGP Millions Net Income ROAA ROAE Total Assets CIB CIB 42,557 FAB 8.1% 1,115 FAB 64.4% AAIB FAB 21,316 HSBC 7.8% 860 HSBC 55.7% QNB 19,384 CAE 7.3% QNB 785 CIB 49.8% HSBC 15,886 ALEX 6.0% ALEX 48.0% FAB 410 AAIB 11,449 CIB 5.8% CAE 47.4% HSBC 291 ALEX 8,176
Slide 39: Awards 2024
AWARDS 2024 Global Finance Global Finance EUROMONEY EMEA Finance Best Overall Bank for Cash Best securitisation house in Best FX bank in Egypt SME Banking Egypt management Africa Global Finance Global Finance EUROMONEY Best Bank for Sustainable Finance in Best Bank for Collections Highly Regarded In
Slide 40: Investor Relations Contacts
For more information, please visit our website; www.cibeg.com Investor Relations contacts: Headquarters: Email: Hotline: Nile Tower Building CIB.InvestorRelations@cibeg.com (+202)19666 21/23 Charles De Gaulle St., Giza P.O Box 2430 Cairo-Egypt Investors Relations Presentation FY24
Slide 41: Thank You
Thank You
Commercial International Bank - Egypt (CIB) — FY2024 Earnings Presentation on 6ix