Investor Presentaiton

PUBLIC Consolidated financials 1H 2023 (USD mn) Income Statement (USD mn) Interest Income Interest Expense Net Interest Income 1H 2022 1H 2023 YoY Growth (%) Balance sheet (USD mn) Jun-22 Jun-23 YoY Growth (%) 1,214 2,462 NM Cash and short term funds 16,566 12,437 Central Bank of Kuwait bonds 368 1,334 NM Kuwait Government Treasury bonds 2,762 869 2,902 (25%) 5% 639 (26%) 846 1,128 33% Deposits with banks 3,807 5,434 43% Murabaha and other Islamic financing income 419 621 48% Loans, advances and Islamic financing to customers 65,587 70,229 7% Distribution to depositors and Murabaha costs 130 342 NM Investment securities 16,723 20,015 20% Net Income from Islamic financing 289 280 (3%) Land, premises and equipment 1,511 1,592 5% NII and NI from Islamic financing 1,134 1,407 24% Goodwill and other intangible assets 1,860 1,724 (7%) Other assets 1,968 2,550 30% Net fees and commissions 301 324 8% Total Assets 111,652 117,523 5% Net investment income 35 51 46% Due to banks 12,961 12,779 (1%) Net gains from dealing in foreign currencies 79 57 (28%) Deposits from other financial institutions 12,289 12,009 (2%) Other operating income 3 4 43% Customer deposits 61,622 66,015 7% Non-interest income 417 436 4% Certificates of deposit issued 4,398 4,757 8% Net Operating Income 1,551 1,843 19% Other borrowed funds 3,911 4,070 4% Other liabilities 1,953 2,610 34% Staff expenses 351 374 7% Total Liabilities 97,134 102,239 5% Other administrative expenses 185 225 21% Share capital 2,460 2,583 5% Depreciation of premises and equipment 62 71 14% Proposed bonus shares NM Amortisation of intangible assets 3 3 0% Statutory reserve 1,171 1,230 5% Operating Expenses 601 673 12% Share premium account 2,615 2,615 0% Pre-provision profits (and impairments) 950 1,170 23% Treasury share reserve 114 114 0% Other reserves 4,889 5,451 11% Provision charge for credit losses and impairment losses 69 156 NM Equity attributable to shareholders 11,249 11,992 7% Operating profit before taxation 882 1,014 15% Perpetual Tier 1 Capital Securities 1,430 1,430 0% Taxation 71 72 1% Non-controlling interests 1,839 1,862 1% Non-controlling interest 36 44 25% Total equity 14,518 15,284 5% Profit attributable to shareholders of the Bank 775 897 16% Total liabilities and equity 111,652 117,523 5% National Bank of Kuwait 30

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