ABK Financial and Strategic Overview
الأهلي
Al Ahli Bank of Kuwait ("ABK") Overview V
авк 2
Overview of Al Ahli Bank of Kuwait
Established on 23rd May 1967, Al Ahli Bank of Kuwait K.S.C.P. ("ABK",
the "Issuer" or "the Bank") is a leading bank headquartered in Kuwait
and regulated by the Central Bank of Kuwait ("CBK")
Operates through three major segments:
► Commercial banking
►Retail banking
Treasury and Investments
31 branches in Kuwait, 2 branches in the United Arab Emirates as well
as a wholly owned investment banking subsidiary in Kuwait and through
the acquisition of Piraeus Bank Egypt, now renamed as "ABK - Egypt",
operates 42 full service branches in Egypt
▸ DIFC Branch opened in April 2018
Ranked amongst the top 10 safest banks in the Middle East by Global
Finance in 2017 and 2018
Established by the Behbehani family, with approximately 37.5%
ownership (direct and indirect)
USD million (1)
Net Loans & Advances
Total Assets
Customer Deposits
Total Equity
Total Operating Income
Net Profit
Consolidated IFRS Financials
2014 2015 2016 2017 2018 CAGR
9M
9M
2019 2018
10,518 10,302
8,273 10,040 9,898 10,189 9,977 4.8%
11,950 14,363 14,000 14,452 14,995 5.8%
6,620 8,225 9,475 9,739 10,267 11.6%
1,907
15,870 15,265
10,651 10,362
402
423 482
1,831 1,816 1,895 2,230 4.0%
520 557 8.5% '
2,218 2,201
427
418
128
100 106
118
139
2.0% i
51
89
2.5
2.3
2.6
1.7
1.8
2.1
2.0
84.6
82.5
83.3
83.4
79.0
82.7
82.1
29.8 32.0 39.4
6.8 5.5 5.8
22.7 16.0 16.5
37.7 38.6
38.9
37.9
6.3
7.3
2.4
6.3
16.0 17.9
17.1
17.7
Total Capital Adequacy ratio (%)
23.7 17.2 17.7 17.2 19.2
18.3
18.9
Non performing loans ratio (%)
Loans to Deposits ratio (%)
Cost income ratio
Return on average equity
Tier 1 ratio (%)
Ownership Structure (as at 31st December 2018)
Kuwait Investment Co.
The Bank's Credit Ratings
Rating Agency
Last affirmed
Long Term Rating
Outlook
49.8%
MOODY'S
Fitch Ratings
July 2019
A2
Stable
Sept 2019
A+
Stable
10.1%
9.5%
Behbehani Telecommunications Co.
Wafra International Investments Co.
Behbehani Investment Co.
9.1%
(direct and indirect)
Ali Murad Yousuf Behbehani
8.8%
Heirs of Mohamed Saleh Yousuf Behbehani
6.3%
6.4%
Others
Note:
KD/USD Rates for 2014, 2015, 2016, 2017, 2018, Q3 2019 and Q3 2018 respectively - 0.2928, 0.3035, 0.3060, 0.3018, 0.3033, 0.3040 & 0.3031View entire presentation