Investor Presentaiton
Consolidated financials 1Q 2020 (USD million)
YoY Growth
YoY Growth
Income Statement (USD million)
1Q-2019
1Q-2020
Balance sheet (USD million)
Mar-2019
Mar-2020
(%)
(%)
Interest Income
795
739
Cash and short term funds
8,988
(7%)
12,227
36%
Central Bank of Kuwait bonds
2,649
2,678
1%
Interest Expense
Net Interest Income
336
300
(11%)
Kuwait Government Treasury bonds
2,740
1,984
(28%)
459
439
(4%)
Deposits with banks
5,702
6,043
6%
Murabaha and other Islamic financing income
161
189
18%
Loans, advances and Islamic financing to customers
52,005
57,423
10%
Distribution to depositors and Murabaha costs
65
80
24%
Investment securities
12,706
14,323
13%
Investment in associates
111
21
(81%)
Net Income from Islamic financing
96
109
14%
Land, premises and equipment
1,328
1,459
10%
NII and NI from Islamic financing
555
548
(1%)
Goodwill and other intangible assets
1,882
1,896
1%
Net fees and commissions
121
124
2%
Other assets
740
929
25%
Net investment income
21
(11)
(151%)
Total Assets
88,851
98,983
11%
Due to banks and other financial institutions
23,777
23,797
0%
Net gains from dealing in foreign currencies
32
63
95%
Customer deposits
47,568
55,812
17%
Other operating income
1
4
204%
Certificates of deposit issued
2,186
1,967
(10%)
Non-interest income
176
180
2%
Global Medium Term Notes (GMTN)
727
768
6%
Subordinated Tier 2 bonds
404
405
0%
Net Operating Income
731
729
0%
Sukuk issued
-
752
NM
Staff expenses
136
148
9%
Other liabilities
2,443
2,787
14%
Other administrative expenses
72
92
28%
Total Liabilities
77,105
86,287
12%
Depreciation of premises and equipment
20
26
30%
Share capital
2,114
2,220
5%
Proposed bonus shares
NM
Amortisation of intangible assets
3
1
(47%)
Statutory reserve
1,007
1,057
5%
Operating Expenses
231
267
16%
Share premium account
2,603
2,603
0%
Pre-provision profits (and impairments)
500
461
(8%)
Treasury shares
(212)
(127)
(40%)
Provision charge for credit losses and impairment
losses
Treasury share reserve
45
81
79%
102
167
64%
Other reserves
4,420
4,126
(7%)
Operating profit before taxation
399
294
(26%)
Equity attributable to shareholders
9,977
9,961
0%
Taxation
30
29
(4%)
Perpetual Tier 1 Capital Securities
683
1,421
108%
Non-controlling interests
1,085
1,314
21%
Non-controlling interest
19
13
(29%)
Total equity
11,746
12,695
8%
Profit attributable to shareholders of the Bank
349
252
(28%)
Total liabilities and equity
88,851
98,983
11%
الوطني
NBK
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