Investor Presentaiton
PUBLIC
526
124
402
Consolidated financials 1Q 2022 (USD million)
Income Statement (USD million)
Interest Income
Interest Expense
Net Interest Income
1Q 2021 1Q 2022 YoY Growth (%) Balance sheet (USD million)
Mar-21
Mar-22 YoY Growth (%)
566
8%
Cash and short term funds
15,481
16,184
5%
154
24%
Central Bank of Kuwait bonds
2,734
2,733
0%
Kuwait Government Treasury bonds
1,500
887
-41%
412
3%
Deposits with banks
3,852
3,496
-9%
Murabaha and other Islamic financing income
184
200
9%
Loans, advances and Islamic financing to customers
58,739
65,983
12%
Distribution to depositors and Murabaha costs
52
58
11%
Investment securities
15,565
16,549
6%
Net Income from Islamic financing
132
143
8%
Investment in associates
16
12
-25%
NII and NI from Islamic financing
534
555
4%
Land, premises and equipment
1,412
1,512
7%
Net fees and commissions
130
139
7%
Goodwill and other intangible assets
1,913
1,882
-2%
Net investment income
27
40
47%
Other assets (incl. assets held for sale)
798
1,645
NM
Total Assets
102,010 110,883
9%
Net gains from dealing in foreign currencies
27
43
60%
Due to banks
12,730
13,436
6%
Other operating income
11
2
-85%
Deposits from other financial institutions
9,668
11,588
20%
Non-interest income
195
223
15%
Customer deposits
56,082
60,252
7%
Net Operating Income
729
778
7%
Certificates of deposit issued
4,536
3,924
-13%
Other borrowed funds
2,607
4,680
80%
Staff expenses
152
170
12%
Other liabilities (incl. liabilities directly associated with
2,347
2,795
19%
Other administrative expenses
90
101
12%
assets held for sale)
Total Liabilities
87,972
96,676
10%
Depreciation of premises and equipment
28
31
12%
Share capital
2,367
2,485
5%
Amortisation of intangible assets
1
1
0%
Proposed bonus shares
NM
Operating Expenses
270
303
12%
Statutory reserve
1,127
1,183
5%
Pre-provision profits (and impairments)
459
476
4%
Share premium account
2,642
2,642
0%
Treasury share reserve
115
115
0%
Provision charge for credit losses and impairment losses
140
41
-71%
Other reserves
4,526
4,731
5%
Operating profit before taxation
319
434
36%
Equity attributable to shareholders
10,777 11,157
4%
Taxation
26
29
11%
Perpetual Tier 1 Capital Securities
1,947
1,445
-26%
Non-controlling interests
1,313
1,606
22%
Non-controlling interest
15
22
45%
Total equity
14,038
14,208
1%
Profit attributable to shareholders of the Bank
277
384
38%
Total liabilities and equity
102,010
110,883
9%
National Bank of Kuwait 32View entire presentation