Investor Presentation July 2021
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 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 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
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
5.60% as of December 2020)
NBK's market capitalisation at 31 December 2020 was USD 19.0 bn.
USD million
Financial snapshot
2018
2019
2020
Total Assets
90,447
96,524
97,996
Loans, advances & Islamic financing
51,124
54,584
57,722
Customer Deposits
47,449
52,533
56,403
Total Equity
12,205
14,045
13,656
Net Operating Income
2,913
2,953
2,778
Net Profit attributable
1,222
1,323
812
Cost to Income (%)
31.3%
34.0%
37.0%
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 14 countries with a predominant focus on the MENA
region.
Net Interest Margin (%)
2.69%
2.56%
2.21%
NPL Ratio (%)
1.38%
1.10%
1.72%
Credit Ratings
Loan Loss Coverage Ratio (%)
228%
272%
220%
Rating Agency
Long Term Rating
Standalone Rating
Outlook
Return on Average Equity (%)
12.0%
12.3%
7.0%
MOODY'S
A1
a3
Stable
STANDARD
Tier 1 Ratio (%)
15.3%
15.9%
16.0%
A
a-
Stable
& POOR'S
Fitch Ratings
AA-
a-
Negative
Capital Adequacy Ratio (%)
17.2%
17.8%
18.4%
Notes: Through out the investor presentation, the USD/KD exchange rate used is .30325 for year-end figures and .30105 for interim figures. The rates are based on the Central Bank of Kuwait's closing exchange rates
as of 31/12/2020 and 30/06/2021.
National Bank of Kuwait
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