ABK Strategic Overview and Financial Performance
ABK Key Highlights
Stable macro environment & solid banking system
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Kuwait represents one of the strongest macro profiles
with solid fundamentals in the GCC, stable Aa2/AA rating
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Stable banking sector with prudent regulatory
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environment
Highly liquid banking system supported by government
spending, enabling healthy operating conditions
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Stable funding base & good liquidity buffers
79% of the total liabilities consist of customer deposits
Liquidity coverage ratio 315% & Net Stable Funding Ratio
of 108%
Leverage of 12%, above the 3% required by the CBK Basel
III leverage ratio
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الأهلي
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Strong Profitability & sound asset quality
2% Growth in Operating Income
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Total Assets reached KD 4.9 billion, up 7% from Dec
2018
Customer Deposits at KD 3.3 billon, up 7% from Dec
2018
NPL ratio at 1.46% and provision coverage at 365%
Excess credit provisions of KD 77.2 million over and
above CBK prescribed IFRS 9 requirements
Pre-provision income to average asset ratio at 2.24%
One of the highest NIM's among all conventional banks
in Kuwait
Second best rated conventional bank in Kuwait
Robust capitalization & strong balance sheet
Committed shareholder base and a
well-experienced management team
Tier 1 ratio of 17.5% & CAR of 18.6%
In September 2018 the Bank issued a US$ 300 Million
Perpetual Tier 1 capital bond on the International Capital
Markets, which was oversubscribed with very strong
interest from investors outside the MENA region
Established in 1967 by the Behbehani family, ABK has
retained the same core shareholder base since then
Has a strong and stable Board and a long-serving executive
team with a proven track record in Kuwait
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