Investor Presentation July 2021
Consolidated financials 1H 2021 (USD million)
Income Statement (USD million)
Interest Income
Interest Expense
Net Interest Income
1H-2020 1H-2021
YoY Growth
(%)
YoY Growth
Balance sheet (USD million)
June-2020 June-2021
(%)
1,391
1,083
(22%)
Cash and short term funds
12,527
14,476
16%
558
247
(56%)
Central Bank of Kuwait bonds
2,757
2,757
0%
833
836
0%
Kuwait Government Treasury bonds
1,927
1,488
(23%)
Deposits with banks
3,698
4,282
16%
Murabaha and other Islamic financing income
379
374
(1%)
Loans, advances and Islamic financing to customers
58,366
61,461
5%
Distribution to depositors and Murabaha costs
154
102
(34%)
Investment securities
14,963
15,726
5%
Net Income from Islamic financing
225
272
21%
Investment in associates
21
14
(34%)
NII and NI from Islamic financing
1,058
1,108
5%
Land, premises and equipment
1,488
1,461
(2%)
Net fees and commissions
238
270
14%
Goodwill and other intangible assets
1,936
1,929
0%
Other assets
907
1,300
43%
Net investment income
(9)
60
NM
Total Assets
98,589
104,895
6%
Net gains from dealing in foreign currencies
85
53
(38%)
Due to banks and other financial institutions
21,049
23,144
10%
Other operating income
6
12
NM
Customer deposits
58,342
57,798
(1%)
Non-interest income
319
395
24%
Certificates of deposit issued
1,667
4,655
NM
Net Operating Income
1,377
1,503
9%
Other borrowed funds
1,977
2,724
38%
Other liabilities
2,597
2,422
(7%)
Staff expenses
282
314
11%
Total Liabilities
85,631
90,744
6%
Other administrative expenses
173
192
11%
Share capital
2,275
2,389
5%
Depreciation of premises and equipment
55
56
2%
Proposed bonus shares
NM
Amortisation of intangible assets
3
3
0%
Statutory reserve
1,084
1,138
5%
Operating Expenses
513
565
10%
Share premium account
2,667
2,667
0%
Treasury shares
(130)
NM
Pre-provision profits (and impairments)
865
938
9%
Treasury share reserve
83
116
39%
Provision charge for credit losses and impairment losses
421
323
(23%)
Other reserves
4,250
4,796
13%
Operating profit before taxation
444
615
39%
Equity attributable to shareholders
10,229
11,107
9%
Perpetual Tier 1 Capital Securities
1,456
1,458
0%
Taxation
51
55
6%
Non-controlling interests
1,272
1,586
25%
Non-controlling interest
24
27
13%
Total equity
12,958
14,151
9%
Profit attributable to shareholders of the Bank
369
534
45%
Total liabilities and equity
98,589
104,895
6%
National Bank of Kuwait 29View entire presentation