Investor Presentaiton
PUBLIC
1,063
243
820
Consolidated financials 1H 2022 (USD million)
Income Statement (USD million)
Interest Income
Interest Expense
Net Interest Income
1H 2021 1H 2022 YoY Growth (%) Balance sheet (USD million)
June-21
June-22 YoY Growth (%)
1,215
14%
Cash and short term funds
14,209
16,585
17%
369
52%
Central Bank of Kuwait bonds
2,706
2,765
2%
Kuwait Government Treasury bonds
1,461
870
(40%)
846
3%
Deposits with banks
4,203
3,812
(9%)
Murabaha and other Islamic financing income
367
419
14%
Loans, advances and Islamic financing to customers
60,329
65,661
9%
Distribution to depositors and Murabaha costs
100
130
30%
Investment securities
15,437
16,742
8%
Net Income from Islamic financing
267
289
8%
Investment in associates
14
12
(13%)
NII and NI from Islamic financing
1,088
1,136
4%
Land, premises and equipment
1,434
1,513
5%
Net fees and commissions
265
294
11%
Goodwill and other intangible assets
1,893
1,862
(2%)
Net investment income
59
35
(41%)
Other assets (incl. assets held for sale)
1,276
1,958
53%
Total Assets
Net gains from dealing in foreign currencies
52
98
90%
Due to banks
10,572
102,963 111,779
12,976
9%
23%
Other operating income
11
3
(75%)
Non-interest income
388
430
11%
Deposits from other financial institutions
Customer deposits
12,146 12,303
1%
56,734 61,692
9%
Net Operating Income
1,475
1,566
6%
Certificates of deposit issued
4,569
4,404
(4%)
Other borrowed funds
2,674
3,916
46%
Staff expenses
308
351
14%
Other administrative expenses
188
198
5%
Other liabilities (incl. liabilities directly associated with
assets held for sale)
2,378
1,955
(18%)
Total Liabilities
89,072 97,245
9%
Depreciation of premises and equipment
55
62
13%
Share capital
2,345
2,462
5%
Amortisation of intangible assets
3
3
0%
Proposed bonus shares
NA
Operating Expenses
555
614
11%
Statutory reserve
1,117
1,173
5%
Pre-provision profits (and impairments)
921
951
3%
Share premium account
2,618
2,618
0%
Treasury share reserve
114
114
0%
Provision charge for credit losses and impairment losses
317
69
(78%)
Other reserves
4,708
4,894
4%
Operating profit before taxation
604
883
46%
Equity attributable to shareholders
10,902 11,262
3%
Taxation
54
72
34%
Perpetual Tier 1 Capital Securities
1,431
1,431
0%
Non-controlling interests
1,556
1,841
18%
Non-controlling interest
26
36
37%
Total equity
13,890
14,534
5%
Profit attributable to shareholders of the Bank
524
775
48%
Total liabilities and equity
102,963
111,779
9%
National Bank of Kuwait 29View entire presentation