eau sual DiS oti » SUEZ CANAL BANK S.A.E -e. 6. oF Suez Canal Bank S.A.E Financial Statements For the six months period ended 30 June 2022 And Limited review report 2aRa ‘BDO KPMG Hazem Hassan BDO Khaled & Co Public Accountants & Consultants Public Accountants & AdvisersIndex, wos ornnnnernanerssnnnE BER Limited Review Report Statement of Financial Position Statement of Income Statement of Comperehensive Income whens Statement of Change In Equity Statement of Cash Flows 67 Explainatory Notes To The financial Statements 8:41MG Haves: Hassan BDO Kh Public Accountants & Consultants Vublie Accounts led & Ce. 1s & Advisers, Trevshnion of delter’s Report ‘viginolly issued tn Arabic Limited Review Report on fnterim fo the Board of Directors of Suez Canal Bank (S.A, Ineduction We have performed a limited review for the accompanying statement of financial position of Suez Canal Bank (S.A.E,) 3 at 30 dune 202? ond th in eguite gucl east Howes For the six months then eudval aged! shitements af income, compechoasive income, changes viatoiber esphinbors nis, Maaracaiet is sesjeansibhe. Fo thee pagyi-aoan cand faar peescitation oP Uese fk gine sila d iad Bak oF Ry vl stactonts wel these bras sian a jest ol she ba ition bases approved by iis Bosid of Dizeetors on 16 December 2008 ay amended bythe segulations issued on 26 February 2019 and the related Egyptian laws and regulations. Our responsibilty is to express a conclusion on these interim finaneial statements based on our lim ed review. Seope of Limited Reviews We conducted our Himited review in accordance with Egyptian Standard on Review Kngagements No. J1l), "Lanited! Review of laterim Financial Statements Performed by the Independent Auditor of the Entiiy.” A Tinted review OF interim finaneial statements consists of making inguiries, primarily: of persis eesponsile for Hinanetal and accounting matters, and applying analytical and other limited review procedures. A Tinted review: is substantially fess in scope than an audit consfucted in ii Statasds st Auditing ane consequiendy dees ant enable us to obtain assurance that we would jean atatiees thot might be identified ia an audit, Accordingly. ve de ant aecorshanes with becuine anware of all sign nothin ie fe sae aeminn that camses ust believe that the statuanents do not present titty, in all material respects, the financial position of the Suez Camal Rank (S.A. as a AU fone 2022 and of its finaneint performance and its cash Aows For the six mouths then ended in accordance with the Central Bank of Fey pt's rules pertaining 10 the preparation and presentation of the financial stolements and mensurement and recognition bases approved by its Board of Divectors on 16 December 2008 as amended by the regnlutions issued on 26 Febriary 2019 aud the related Egypt safoments COMI Pes pt Faas: an peel “\EMphamed Moria Abd FL Hamed Cited Aceon moment oat ERIN. 137 \ BPO Kinsted & Cv, ‘ 5 © Sohne sesawmnaats & Sebyecers, Cai, Hi August 20)30-June 2022 91 Oveember 2021 Assos Note EGP. 000 EGP. 000 Gash and due from Cental Bark of Eoypt Us) 7294 095 4921916 Bue fom banks 008) 3919789 6939872 Treasury bls un 8566 197 4.059652 Loans and creat tacitios banks 18) garter Loans and credit tastes to customers 119) 28.336 739 29083 721 Financial investment Fav value through other Somiprahensive weame (209 4994 804 9480 024 Amortized cost (20) 10307 884 5.275015 For vale tvough prof or oss (20) 282.361 302 138 Invesmenis m asscoates en 105 460 164.519 mange assets 21 65.986 57030 assets 2065 571 206 254 raver ane ecasemant 4 aaa 139 #67 0 “otai assets ETE) Due to oarks (25 4124-905 1198 719 Customer deposis (28) 86.387 308 50 506 882 Over loans en 1072666 424381 Obes babies 20 076372 167 575, ner provisions 120) 48 994 18764 Doeved a Kebites 00) 103 620, £7 4 oral liabilities 69782 060 53031 195, Pach capt on 2904326 2200 000 Rease ameunt a: sap tense oo 69 674 0 326 Resowe wa arr97s nan 426 Dilerence beeen PY and ave valve fr subercitate eons ss 19029 928 Retanee eanngs 4) 858 169 1195 089 Total equity 850164 7200 124 otal abilities 2nd equity CICr roe Ine aac ates om page 1 page (41 af an Hera pra ese Foe! stems ho be ead ave {Limes revo pat toc) ae fel. 2 the Tamu Abdetwaige Hussein Aimed Rofaie Chief Fianciat Oftene Caieman ana Managing Director‘yunor0Un peas 99 01 pur swuawaies jepuEUy esaxg Jo Led xB! UE bed 04 (@) a6ed woy saiou poyoene out 3£0 oro iso z0 ov (eveus/aa) aieys 1 s6ui03 288 re au see 28 192 55 LAL ayord on, (oszzve) (areas) (oi e0z) (681) au) {esuadie) xe ow00u) aca cer S98 192 266 019 9s 062 2x8) owoous a1ojoq ayo ez) (eaes0r) (eee 1b) ww ‘nuoae (sesuedee) 6unes0d0 10440 (eizoxz) (eer 609) (cst ous) (o.) esuodeo onenstuuipy (ocrznt) (0005) 2019) (ese as) (oo 0980) yon jweuweday oze sz vs ee . ua) soie03se jo sys jo aus 2.99 poet 69 61 togezi (02) swuousenu jeoueuy uo we) reese rec 69 weece sree @ ucou Bupea ION eave ose oxo ve ez @ ‘2u0ou! spuepin so, e18 zor cr £20.66 S61 bes ‘woot suorsstuute> pu $095 1S9:0001 308 “609 #15 S68 192 191 ure wo ‘ucouy suoissunuen pue 6804 967 694 13s 68¢ mse seep juoouy youn 108 (02 696 1) ‘ee 702) (698 266 1) (zi 192) @ esuadeo sqs pu sysoden 1 80 souzetz ee 980 4 sec oie, ese iz @ oo reqs ue 9v80| way 20H, 00 oa 000 402 00 403 000 403 soe unr oc 202 2unr 0 01 aoe 2une 06 01 zeocounroeeL ston eur hvenwer juss zoe mdy wor eae hienuer Luosa zac E woos sate Gumarota pes 3G 0 pue swOWOIES oUeWY assin jo Wed eB}! Ue a! (y} fed 0 (G) 84 woy soqoU payseRE aU 7250 60% eae ‘woouy oaysuoyoidu> e101 “Weis) ftom) ‘suoou) aalevayoiduion 20 OL (roo) “Gos0e) stone zz) ess ess eo 90) p19 paroadx3 995 01 aoe ee) (ion) ‘eo xe; wou, (ave) (es) (cover) (vente) wows aud 01 sy5ue ON (19%) (oven) coe (uz) eu afer 28 1 S06 UeU ION re oy Ea ‘@or2) z Bir ae ware wz) o 268 OF ens eR se cn olden 0-303 99 498 00 403 202 2unr o¢ 01 eax Her 0604, wacemegcoL BION ror denver twoiy az ndy E woss zeozwity Fwo1g Ss“yup spa done ROI 8 Yo UN er wm wastes Css ~~ ~=CIS~S*C ESC OE oss ova we9) xe res 9556) 60 7 sete seca ono ore and oe as em src ocm oo vec sO ”SCGASO) somes Season cots) us x00 : e962 sis wass Gmeew He sete 000 an atte, come emir edema Tara{Cas los rom operating activites Froftbefaetx Adjustments to recone et pri net es lows from opera Depecatin of prope and equipment eo Amoniztion oF ingle sets a Inpro rei ses wa evasion of nvestmnt st EVI. ww Shan eats fase an Reverse inpainne frsaites en et famed provision 9 (ain on sof propery adept. up (ain om sling Finan nessa ote han Hi nvestment at FVTPL 2) “Trnsaondifesenes of ter provisions in frig eunencies ey ‘Thuslatondisences of financial investnen other han Arana nest a FVTPL (20) ‘Transiaviondierenes of mpainran oss in erin curncies Divan! noone o !upotizton of pentunvatscon of Final avestnen ota Han FTP 0 Reverse srartztion of he dfernce henge the Pad ee oe of tuhosneted dep (33 Operatiog profit belore changes ass ies from operating activites ‘er increase) evens i astts al nero (eres a ais ‘Deen Cental Bank of Egypt within he mandy sexerve 45) reas ais a ‘Lae faites to banks as) Loans alert files to esters «9 inal anata VTP 2 Other ats es Ductobanks es, ‘Conoons! vests es) rhe: Haies 5) ‘er eash ows ose in operating wets ‘T30Jaae202 EGP.o0 470988 36917 ase oro seo (ssn 1680 (589) 97639 516 (07 211168 (246020) 668 3384 e601 @2men, (4483926 (336 asin (29261 (356 009 (rss) st004s3 261409 (188900) eo) (70887 ‘To20Jane 2021 EGR. a3 26 30881 4298 a0 «9 20) sn cos» 3786 (38525) 438) iw (5%) (805) 290 2151 sii (355389), 1768 570 eseo075) wo7 sia (154352) (2.653 008) 1 560738 seis (a8) ) (1 500587)Saw Fo sane 202 eGro00 Cas Nos rm neti ates Pyro fo putas roprty and equipment ey 773) aymans fo prchase intangible assets 2) (23508) see fom sal of property and espe 80 Poca rom sling of fnaeil invests oer ha ssa inssinet a FV 6431085 Papent for purchase nancial investments other thn inca invest ot FVTPL eo) (6718083) Dividends incore fom finns neste! 6 24620 ‘et cash ws ase in) vesting atts ‘Gt0a18) Cash ws fom vane ath Payment fro ans ra ano) osc amt tay bs 50.000 Drvaends on (71385) ‘Netcast lows provided by (se) financing ntiitos 513877 Net changes in cash andes guest Mi 978) ‘Cash and cas qua a the bagng ofthe pod ai 62 ‘Casha ensh gullet tthe end of the pero 09) 4.645 654 ‘Cosham ash cui alent are represented in (Cohan due fo Cena Banks us) 7795098 ue barks 46) 321987 Tres bi “ 8381 765 Due rae Conta ak iin the mana ese as (6989920) Trey lls mtr mr than hea un (sa 36) ri ofthe perio 5) 4685 654 For the purpose of statenent of cash low preparation the following non cash teansations were exeded: Amo oF EGP 315 thowsands epresents ansers from ther asset (ase under consti) to property ad equpmen * Amo oF EGP 3264 thousands cepresets net change indifference betes the present value and fice valu of subordinate deposit * Amo oF GP 6S 7 thousands repre resined snout Fo capital nce ‘The ached wots fom: paz (8) 9 pgs 41} imegrlpat of hee Fnac slates a tobe ra dere Fo. done 201 cR.e0 (24316, (5108) soiz018 (720375) sos ams nn) (29768) 436197) (88961) 6316295) oom 3s 7654800 1748 400 7398 070 412038 1354989) (4729 597) 7684860Sct iw Canal Banh (SATs sable Bank patsumee ofthe nua are to. $5 197 othe oi Gave on 4 Morel 1978 and in aeurdance wh provisions ois fn, OF 1974 and ile wmendets, which wis supers sdodby law no, (8) OF inves pusramtes a incutives the head office locate Ia Esa Sto. 127, emai -eonnereal register no 9709, Gane managed Ieeated in 7&9 Abd El Kader Hamza St, Ganden Cir, Caso and he bunk i iste in the Eayplian sock exchange. Sue Canal Bank (A.B) provides rel, corporate and invest banking services in Arc Republic of Epyp though 49 branches end served by 1416 salFmemier atthe date of the fnascal statements “These rca statements have been approved fr publishing by the bostd of dvetor in Agu 14, 2022. 2.Summary of accounting po Tie prnepal accounting policies applied inthe preparation ofthese nancial statment are sta belo, These policies bave beet applied for a ptesented years unkssothensise stated ‘$= Basis of preparation of finan statements ‘De naneel statements ae prepared in acordance wth Cental Bonk of fgy insnictons approved by as Hoon of Dtestrs on 16 December 2008. an according to IFRS 9 "Fanci! Instruments measurement and essifieation in sesoedance wth the insirutions ofthe Ctal But ‘oF Egypt (CBE) dated on 26 Febery 2019 References mae 0 wist was nt rentane in the ststons af the Bank of Faypt othe Fayptisn Accounting Sandan, Tse inal sak ie Boe prep asa Yee sl ana lavies and Asocites Bet Subsitaey ems Subsiiaie vill companies including (special purpose entities SPE) over whic the tank tas owacd drctly or indiretly the power to antl se Manca al operring pois, generally the bank owns more than one lof he voting rights. The eistence and eect of potential ‘ong ight ha are euenty exercisable or conveibe ae sonsidened when asesing whee he bank hs he ability o contra he ey 1.2 associate tems Asawa af ones ove whi he bank bas owned dest or ndtecty 8 major inenee, bri Goes cone ther joint snr ‘hemgoneraly dhe bank owns beneeen 20% and 50% ofthe potential voting rights The parcnse metho is used to account forthe acquisition of subsidies by tho bank, The gst of an acquisition is messired asthe fair value of The assets anor ase given anor equly instrument issued and libs os the bank ce abies for acquisition company lsns assumed m te die of exchange, pus costs dieclyateibutable tothe acquisition. Net assets including coningnt abies assumed in » busines ‘combination ate measure iily at their ui values at de aoguision date, iespecive ofthe nino ners. The excess of eqasiton cost ‘ver the bank's sh ui value inthe wet asses acquired is recoded as gol [the agus cos sss da the ai val ofthe nt eset the difference i tecogazad coe nthe ince statement usr the iter “Ose operating ingame expense" Acsonting fr associate ithe fnancisl stores is rend by asing yay nse Day ate revo kn dled amd deducted Thomas proven val ‘business seg sa oup of assis and opcatons engaged in providing products services thal ate subj o sks ts tat as sift tom hose oF other business segments. A yeographicl cymes» segment by wih, provide products or eaves within pristlar sconomic environment shat ore subject to sks and eur diferen: fom thse of segnens epeatingin ober economic environs. ‘Fonsi currency trash 1D Faction ad presentation currency ‘The nancial statements are presented by Thousand Egyptian Pound, which I the bans fonetional and presentation currency. 2 Foreign currencies transitions aad balances The bank cusntsins its sesounting records in Egyptian pound, Foreign cureicy tsstons axe tessa ito Egyptian pound using the cxchimge res prevailing athe date ofthe transaction. Monetary assets and lies i Foreign eurrncis ae retransied atthe end ofeach year atthe exchange rates thea prevailing. Foreign exchange gins and loses suing fromm eatlemeat of such tnstons and vaaton Uierenes ae recognized i te income statment under the falwing tens: