Investor Presentaiton

Boubyan Bank (58.4% owned subsidiary) Market share of Total Assets(%) 4.4% 3.9% 3.5% 3.6% 3.2% 2011 2012 2013 2014 30 Sep. 2015 Market share of Total Deposits (%) 5.9% 5.1% 4.4% 4.0% 4.1% Key Highlights ■ Islamic banking has been gaining strong grounds in the Kuwaiti market in recent years, representing close to 40% of assets and deposits at year-end 2015. After a series of gradual share acquisitions since 2009, NBK's stake in Boubyan bank reached 58.4% in 2012. Through Boubyan, NBK aims at diversifying its income stream, complementing its product offering as well as targeting a new segment of clients. ■ The size and market share development of Boubyan relative to other Islamic banks leaves significant room for repositioning the bank and acquiring market share. ■ As the largest single shareholder, NBK is committed to the future growth and transformation of Boubyan Bank and establishing strong presence in the growing Islamic banking segment. Leading international consulting firms have assisted Boubyan in developing a new strategy aiming to differentiate the bank from other players with a clear focus on HNWI, affluent and mid/large companies. The bank's transformation and strategy implementation is led by a highly proficient management team with extensive regional banking experience, with key positions filled by NBK veterans aligned with the NBK culture. 2011 2012 2013 2014 30 Sep. 2015 الوطني NBK Notes: Market share data based on the consolidated data of all banks operating in Kuwait 15

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