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Investor Presentaiton

NBK is Kuwait's Leading Banking Group Background Ownership Snapshot Established in 1952 as the first local and home-grown GCC bank, and first shareholding company in Kuwait The leading banking group in Kuwait in terms of assets, customer deposits and customer loans and advances More than 30% market share of assets in Kuwait Ranked amongst the 50 safest banks in the world by Global Finance, named the most valuable banking brand in Kuwait, and top 10 bank in the region by Brand Finance Established by a group of leading Kuwaiti merchants, NBK has retained the same core shareholder base since its inception NBK's shares are listed on the Kuwait Stock Exchange since 1984 with only one shareholder holding owning more than 5% of the Bank's share capital (PIFSS owns 5.60% as of September 2021) NBK's market capitalisation at 30 September 2021 was USD 22.7 bn. USD million Financial snapshot 2018 2019 2020 Total Assets 90,447 96,524 97,996 Loans, advances & Islamic financing 51,124 54,584 57,722 Customer Deposits 47,449 52,533 56,403 Total Equity 12,205 14,045 13,656 Net Operating Income 2,913 2,953 2,778 Net Profit attributable 1,222 1,323 812 Cost to Income (%) 31.3% 34.0% 37.0% Operations 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 14 countries with a predominant focus on the MENA region. Net Interest Margin (%) 2.69% 2.56% 2.21% NPL Ratio (%) 1.38% 1.10% 1.72% Credit Ratings Loan Loss Coverage Ratio (%) 228% 272% 220% Rating Agency Long Term Rating Standalone Rating Outlook Return on Average Equity (%) 12.0% 12.3% 7.0% MOODY'S STANDARD & POOR'S A1 a3 Stable Tier 1 Ratio (%) 15.3% 15.9% 16.0% A a- Negative Fitch Ratings AA- a- Negative Capital Adequacy Ratio (%) 17.2% 17.8% 18.4% Notes: Through out the investor presentation, the USD/KD exchange rate used is .30325 for year-end figures and .30165 for interim figures. The rates are based on the Central Bank of Kuwait's closing exchange rates as of 31/12/2020 and 30/09/2021. National Bank of Kuwait 4
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