Investor Presentaiton
PUBLIC
NBK is Kuwait's Leading Banking Group
Background
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 commercial 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
Financial snapshot
USD million
2019
2020
2021
Total Assets
96,763
98,239
109,939
Loans, advances & Islamic financing
54,719
57,866
65,198
Customer Deposits
52,663
56,543
60,433
Ownership
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
5.77% as of December 2021)
NBK's market capitalisation at 31 December 2021 was USD 23.7 bn.
Total Equity
14,080
13,689
14,767
Net Operating Income
2,960
2,785
2,996
Net Profit attributable
1,327
814
1,198
Cost to Income (%)
34.0%
37.0%
39.6%
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 13 countries with a predominant focus on the MENA
region.
Net Interest Margin (%)
2.56%
2.21%
2.21%
NPL Ratio (%)
1.10%
1.72%
1.04%
Credit Ratings
Loan Loss Coverage Ratio (%)
272%
220%
300%
Rating Agency
Long Term Rating
Standalone Rating
Outlook
Return on Average Equity (%)
12.3%
7.0%
10.2%
MOODY'S
STANDARD
& POOR'S
A1
a3
Stable
Tier 1 Ratio (%)
15.9%
16.0%
15.7%
A
a-
Stable
Fitch Ratings
A+
a-
Stable
Capital Adequacy Ratio (%)
17.8%
18.4%
18.1%
Notes: Through out the investor presentation, the USD/KD exchange rate used is .30250 for year-end figures and .30670 for interim figures. The rates are based on the Central Bank of Kuwait's closing exchange
rates as of 31/12/2021 and 30/06/2022.
National Bank of Kuwait
4View entire presentation