ABK Strategic Overview and Financial Performance
Al Ahli Bank of Kuwait ("ABK") Overview
الأهلي
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Overview of Al Ahli Bank of Kuwait
Established on 23rd May 1967, Al Ahli Bank of Kuwait K.S.C.P. ("ABK", or "the Bank")
is a leading bank headquartered in Kuwait and regulated by the Central Bank of
Kuwait ("CBK")
► Operates through three major segments:
Commercial banking
Retail banking
▸ Treasury and Investments
► 31 branches in Kuwait, 2 branches in the United Arab Emirates as well as a wholly
owned investment banking subsidiary in Kuwait and through the acquisition of
Piraeus Bank Egypt, now renamed as "ABK - Egypt", it operates 42 full service
branches in Egypt
►DIFC Branch opened in April 2018
► Signed a Sale & Purchase Agreement in Jan 2020 with Bank & Clients PLC (B&C)
which is a licensed and registered Bank in UK, for a full acquisition. The acquisition is
subject to the approvals of the regulatory authorities in Kuwait & UK
► Ranked amongst the top 10 safest banks in the Middle East by Global Finance in 2017
and 2018
▸ Established by the Behbehani family, with approximately 37.5% ownership (direct
and indirect)
The Bank's Credit Ratings
USD million (1)
Net Loans & Advances
Total Assets
Customer Deposits
Consolidated IFRS Financials
2014 2015 2016 2017 2018
2019 CAGR
8,273 10,040 9,898 10,189 9,977 10,614 5.1%
11,950 14,363 14,000 14,452 14,995 16,116 6.2%
Total Equity
6,620 8,225 9,475 9,739 10,267
1,907 1,831 1,816 1,895 2,230
10,957 10.6%
2,281 3.6%
Total Operating Income
402
423
482
520
557
569
7.2%
Net Profit
128
100
106
118
139
95
-5.8%
Non performing loans ratio (%)
2.5
2.3
2.6
1.7
1.8
1.5
Loans to Deposits ratio (%)
84.6
82.5
83.3
83.4
79.0
80.8
Cost/income ratio
29.8
32.0
39.4
37.7
38.6
38.9
Return on average equity
6.8
5.5
5.8
6.3
7.3
3.7
22.7
16.0
16.5
16.0
17.9
17.5
Total Capital Adequacy ratio (%)
23.7
17.2
17.7
17.2
19.2
18.6
Tier 1 ratio (%)
44.8%
Rating Agency
Last affirmed
Long Term Rating
Outlook
Ownership Structure (as at 31st December 2019)
10.1%
9.5%
Kuwait Investment Co.
Behbehani Telecommunications Co.
Wafra International Investments Co.
Behbehani Investment Co.
(direct and indirect)
MOODY'S
Fitch Ratings
Dec 2019
A2
Stable
Sept 2019
A+
Stable
Note:
KD/USD Rates for 2014, 2015, 2016, 2017, 2018 and 2019 respectively - 0.2928, 0.3035, 0.3060, 0.3018, 0.3033,0.3030
9.1%
Ali Murad Yousuf Behbehani
8.8%
Heirs of Mohamed Saleh Yousuf Behbehani
Watani Investment Co
6.3%
6.4%
Others
5.0%View entire presentation