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Investor Presentaiton

Kuwait's Banking Sector Snapshot The Kuwaiti banking sector comprises 23 banks, including 11 domestic banks (five conventional, five Shariah-compliant and one specialized), and branches of 12 international banks (11 conventional and one Islamic). The sector is well regulated by the Central Bank of Kuwait ("CBK") with a number of regulations and supervisory norms to ensure the safety of the banking sector including through strict supervision and imposition of prudential ratios, such as lending limits and concentrations, investment limits, liquidity and capital adequacy. The banking sector has demonstrated strong resilience and elevated levels of financial soundness over the past 10 years. In fact, the sector is very well capitalized, with an average Capital Adequacy Ratio of 18.7% in 1Q21, 8.2% higher than the required minimum of 10.5%. Non-performing loans to total loans stood at 2.3% in 1Q21. Key indicators (USD bn, end year) 1 3.5 ■ Loans 110.7 114.2 110.8 109.8 ■ Deposits 113.6 113.0 116.6 116.7 129.9 122.1 122.0 126.6 121.9 119.4 3.0 108.0 102.1 2.5 2.0 1.5 Development of the Discount rate (%, end year²) 3.5 3.0 2.5 2.0 1.5 1.0 1.0 2013 2014 2015 2016 2017 2018 2019 2020 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Sources: Central Bank of Kuwait / Refinitiv 1Loans refers to total credit facilities to residents and deposits refer to private resident deposits, all as reported by the Central Bank of Kuwait. 2 Latest figure is for Oct 2021 National Bank of Kuwait 18
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