Investor Presentation 2Q/ 1H2023
KIB AT A GLANCE
BACKGROUND
AWARDS
OWNERSHIP
OPERATIONS
RATINGS
SNAPSHOT
In business since 1973, KIB is a publically-traded Kuwaiti bank that in 2007 adapted all its operations
and processes to fully comply with Islamic Sharia'.
Best Social Impact Sukuk (The Asset Triple A Awards 2022)
Islamic Syndication Deal of the Year 2022 (Bonds, Loans & Sukuk Middle East)
Best Sharia' Compliant Bank MENA – 2022, 21, 20, 19, 18, 17, 16 & 15 (CFI.co)
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Best Banking Vision MENA - 2022 & 21 (CFI.co)
Best Customer Focused Islamic Banking Products and Services in Kuwait 2022 (World Finance)
Listed on the Boursa Kuwait since 1984, Bukhamseen Group Holding & its affiliates hold 37.38%
shares of KIB. Govt. of Kuwait holds around 6.43% through PIFSS as of 30th June 2023.
KIB's market capitalization at 30th June 2023 was KD 281 million.
KIB's business covers all Sharia compliant banking services including acceptance of deposits,
financing, investments, Murabaha (auto, real estate and commodities), Ijara Muntahia
Bittamleek (lease-to-own), Istisna'a, Tawarruq, credit cards, Wakala, and other products in
addition to corporate and project finance, treasury services, issuing letters of credit and letters
of guarantee.
Subsidiaries: Al Dawli Takaful Insurance Company - Kuwait, KIB Invest Company - Kuwait, KIB
Tier 1 Sukuk Limited - Cayman Islands (SPV) and KIB Sukuk Limited - Cayman Islands (SPV)
Long-Term IDR "A" with "Stable Outlook"
Fitch Ratings
2nd May 2023
KD million
Total Assets
Financing Receivables
Customer Deposits
Total Equity
Operating income
SUMMARY
1H 2023
1H 2022
3,406
3,515
2,473
2,606
1,887
2,289
409
340
35
31
Net Operating profit after provisions
6
со
3
Net Profit attributable to shareholders
Net Financing Margin (%)
6
3
1.5%
1.5%
0.4%
0.2%
3.38%
1.86%
Total Coverage Ratio*
Return on Average Equity (%)
Tier 1 Ratio (%)
CET 1 Ratio (%)
173.9%
275.1%
4.2%
2.5%
15.1%
12.1%
11.8%
9.0%
19.8%
16.6%
16
16
Net Profit Margin (%)
NPL Ratio (%)
CAR (%)
No of Branches
* Total coverage ratio includes collateral.
17-Aug-2023
INVESTOR PRESENTATION 2Q/ 1H2023
19
KIB
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