Investor Presentaiton
PUBLIC
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 conventional banking group in Kuwait in terms of assets, customer
deposits and customer loans and advances
More than 30% market share of assets in Kuwait
Named the most valuable banking brand in Kuwait and has featured among the
biggest Middle East brands 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 owning more than 5% of the Bank's share capital (PIFSS owns 5.74%
as of December 2022)
NBK's market capitalization at 31 December 2022 was USD 26.6 bn.
USD million
Financial snapshot
2020
2021
2022
Total Assets
97,021
108,575
118,637
Loans, advances & Islamic financing
57,148
64,389
68,555
Customer Deposits
55,841
59,683
65,877
Total Equity
13,520
14,584
15,132
Net Operating Income
2,739
2,938
3,297
Net Profit attributable
804
1,183
1,662
36.7%
39.2%
38.2%
Cost to Income (%)
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 (%)
2.21%
2.21%
2.30%
NPL Ratio (%)
1.72%
1.04%
1.42%
Credit Ratings
Loan Loss Coverage Ratio (%)
220%
300%
267%
Rating Agency
Long Term Rating
Standalone Rating
Outlook
Return on Average Equity (%)
7.0%
10.2%
14.3%
MOODY'S
A1
а3
Stable
STANDARD
Tier 1 Ratio (%)
16.0%
15.7%
15.0%
A
a-
Stable
& POOR'S
Fitch Ratings
A+
a-
Stable
Capital Adequacy Ratio (%)
18.4%
18.1%
17.4%
Notes: Throughout the investor presentation, the USD/KD exchange rate used is .30630 for year-end figures and .30705 for interim figures. The rates are based on the Central Bank of Kuwait's closing exchange rates
as of 31/12/2022 and 30/6/2023.
National Bank of Kuwait
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