Investor Presentaiton
NBK at a Glance
Background
Ownership
Operations
"
Snapshot
National Bank of Kuwait S.A.K.P. ("NBK" or the "Bank”) was
established in 1952 as the first local bank and the first shareholding
company in Kuwait and as the first indigenous bank in the GCC.
The Bank is the leading banking group in Kuwait in terms of assets,
customer deposits and customer loans and advances.
NBK is the dominant bank in Kuwait with more than 30% market
share of assets as of 31 December 2015.
The Bank was ranked amongst the 50 safest banks in the world by
Global Finance and was named the most valuable banking brand in
Kuwait and among the top 10 in the region by Brand Finance.
The Bank was established by a group of leading Kuwaiti merchants
and it has retained the same core shareholder base since that time.
NBK's shares are listed on the Kuwait Stock Exchange since 1984
with only one shareholder holding owning more then 5% of the
Bank's share capital (PIFSS owns 5.04% as of April 2015).
NBK's market capitalisation as at 31 December 2015 was
USD 13.0 bn.
The Bank's core businesses are (i) consumer and private banking,
(ii) corporate banking, (iii) Islamic banking and (iv) investment
banking and asset management.
The Bank operates across 15 countries with a predominant focus on
the MENA region.
USD million
Net Operating Income
Financial Snapshot
2013
2014
2015
Total Assets
61,285
71,776
77,752
Loans, advances & Islamic financing
35,240
39,238
44,649
Customer Deposits
34,524
37,100
39,734
Total Equity
8,935
9,458
10,514
2,063
2,178
2,401
785
863
930
33.1%
32.5%
32.2%
2.70%
2.45%
2.42%
1.96%
1.50%
1.34%
Loan Loss Coverage Ratio (%)
199.8%
276.1%
322.4%
Return on Average Equity (%)
10.0%
10.5%
10.5%
Tier 1 Ratio (%)²
16.8%
13.3%
14.7%
Capital Adequacy Ratio (%) 2
17.3%
14.5%
16.8%
Net Profit attributable
Cost to Income (%)
Net Interest Margin (%)
NPL Ratio (%)
Overview of Regional and International Geographic Presence
Credit Ratings
Long Term Rating
Standalone Rating
Outlook
Aa3
a3
Stable
A+
a-
Stable
US
AA-
a
Stable
Location
New York
Branches
1
Europe
Location Branches
London
2
Geneva
Paris
1
Middle East
Location
Branches
Kuwait
66
Egypt
38
Turkey
19
Iraq
10
Lebanon
6
Jordan
3
Bahrain
2
UAE
2
Saudi Arabia
1
Rating Agency
MOODY'S
STANDARD
& POOR'S
Fitch Ratings
الوطني
Notes: Through out the investor presentation, the USD/KD exchange rate used is 0.3035. The rates are based on the Central Bank of Kuwait's closing exchange rates as of 31/12/2015.
Shanghai is currently a representative office.
Asia
Location
Shanghai
Branches
1
1
1
Singapore
NBK
2 All Capital Adequacy Ratios for the periods prior to 2014 are computed on Basel II basis
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