National Bank Of Kuwait K.s.c. · KSE:NBK
National Bank Of Kuwait K.s.c — National Bank of Kuwait — Q1 2019 Earnings Presentation
22 slides from National Bank Of Kuwait K.s.c's earnings presentation, 2019
Slide 1: National Bank of Kuwait Investor Presentation 1Q 2019 Earnings Call
National Bank of Kuwait Investor Presentation 1Q 2019 Earnings Call
Slide 2: Disclaimer
Disclaimer THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES N
Slide 3: Contents
Contents Section 1 GCEO opening remarks Section 2 Financial Performance 1Q 2019 Section 3 Appendix Section 4 Questions 2
Slide 4: Net Profits 1Q 2019
Net Profits 1Q 2019 Net Profit 2018 (KDm) Net Profit 1Q 2019 (KDm) 108 371 +15.0% +15.1% 322 94 2017 2018 1Q 2018 1Q 2019 3
Slide 5: NBK's strategy
NBK’s strategy The Group’s strategy, which is based on two main pillars, focuses on defending and growing its leadership position in Kuwait whilst also diversifying its business Corporate Banking Defend and Grow Leadership Position in Kuwait Consumer Banking Maintain excellence and market leader
Slide 6: Stable Credit Ratings
Stable Credit Ratings Long-term Standalone Rating Agency Outlook Key Rating Drivers Rating Rating • Dominant domestic position Aa3 a3 Stable • Resilient profitability and growth outlook • Robust asset quality, capitalization and liquidity • Leading position in Kuwait A+ a- Stable • More diversified
Slide 7: Contents
Contents Section 1 GCEO opening remarks Section 2 Financial Performance 1Q 2019 Section 3 Appendix Section 4 Questions 6
Slide 8: Operating Performance 1Q 2019
Operating Performance 1Q 2019 Net Profit (KDm) Operating Income (KDm) 221.4 225.6 107.7 213.4 98.3 93.6 +5.7% +15.1% 1Q 2018 4Q 2018 1Q 2019 1Q 2018 4Q 2018 1Q 2019 Operating Surplus (KDm) Operating Income (KDm) Non-interest income Net interest income & Net income from Islamic Financing 148.9 147.2
Slide 9: Operating Performance 1Q 2019
Operating Performance 1Q 2019 Net Interest Income (KDm) Average Interest Earning Assets (KDbn) 175.4 171.2 163.6 26.2 +4.7% 25.2 +4.0% 1Q 2018 4Q 2018 1Q 2019 1Q 2018 1Q 2019 Net Interest Margin Net Interest Margin drivers YTD NIM Qtrly NIM 2.74% +0.33% -0.57% 2.71% 2.69% +0.26% 2.65% 2.63% 2.65% 2.
Slide 10: Operating Performance 1Q 2019
Operating Performance 1Q 2019 Non-interest income (KDm) Operating Expenses (KDm) Net fees and commissions Net gains from dealing in FX Others Staff expenses Other operating expenses 54.3 74.3 71.2 49.9 46.0 64.5 7 6 0 7 10 10 +9.0% 34 29 +10.3% 26 37 37 38 40 42 36 1Q 2018 4Q 2018 1Q 2019 1Q 2018 4Q
Slide 11: Operating Performance 1Q 2019
Operating Performance 1Q 2019 Operating Income (KDm) - International Operating Income (KDm) 49.9 53.4 Int'l Int'l +6.9% 23% 24% Dom. Dom. 77% 76% 1Q 2018 1Q 2019 1Q 2018 1Q 2019 Net profit (KDm) - International Net Profit (KDm) 26.3 26.5 Int'l Int'l 25% +0.5% 28% Dom. Dom. 72% 75% 1Q 2018 1Q 2019 1Q
Slide 12: Operating Performance 1Q 2019
Operating Performance 1Q 2019 Total Assets (KDbn) Loans, Advances and Islamic Financing (KDbn) 26.8 27.4 27.4 16.0 14.8 15.5 +3.5% +2.4% +8.1% Mar 18 Dec 18 Mar 19 Mar 18 Dec 18 Mar 19 Customer Deposits (KDbn) Funding Mix (%) Due to banks and other FIs Customer Deposits 14.4 14.7 14.3 CD's / GMTN /
Slide 13: Performance and Asset Quality ratios 1Q 2019
Performance and Asset Quality ratios 1Q 2019 Return on Average Equity Return on Average Assets 1.59% 14.5% 1.44% 13.2% 1.38% 12.0% 1Q 2018 FY 2018 1Q 2019 1Q 2018 FY 2018 1Q 2019 Capital Adequacy Ratios Asset Quality Ratios 2.95% 2.80% 17.3% 17.2% 2.65% 16.9% 273.7% 2.50% 2.35% 15.3% 14.9% 2.20% 2.0
Slide 14: Contents
Contents Section 1 GCEO opening remarks Section 2 Financial Performance 1Q 2019 Section 3 Appendix Section 4 Questions 13
Slide 15: Consolidated Financials 1Q 2019 (KWD million)
Consolidated Financials 1Q 2019 (KWD million) YoY Growth YoY Growth Income Statement (KWD million) Mar-18 Mar-19 Balance sheet (KWD million) Mar-18 Mar-19 (%) (%) Interest Income 204 245 20% Cash and short term funds 3,216 2,773 (14%) Interest Expense 70 104 48% Central Bank of Kuwait bonds 719 817
Slide 16: Performance Measures 1Q 2019
Performance Measures 1Q 2019 % 1Q 2018 1Q 2019 Return on average assets 1.44% 1.59% Return on average equity 13.2% 14.5% Net interest margin 2.63% 2.65% Cost to income 30.2% 31.6% NPLs to gross loans 1.38% 1.51% Loan loss reserves to NPLs 273.7% 206.8% Tier 1 capital 15.3% 14.9% Tier 2 capital 2.0%
Slide 17: Consolidated Statement Of Income (KWD million)
Consolidated Statement Of Income (KWD million) KWD million 2016 2017 2018 Interest Income 665 743 897 Interest Expense 190 224 331 Net Interest Income 476 519 566 Murabaha and other Islamic financing income 128 156 186 Finance cost and Distribution to depositors 34 46 62 Net Income from Islamic fina
Slide 18: Consolidated Statement Of Financial Position (KWD million)
Consolidated Statement Of Financial Position (KWD million) KWD million 2016 2017 2018 Cash and short term funds 2,687 2,744 2,967 Central Bank of Kuwait bonds 749 656 810 Kuwait Government treasury bonds 493 1,076 872 Deposits with banks 2,408 2,488 2,364 Loans, advances and Islamic financing to cus
Slide 19: Contents
Contents Section 1 GCEO opening remarks Section 2 Financial Performance 1Q 2019 Section 3 Appendix Section 4 Questions 18
Slide 20: Questions
Questions yiibagJl NBK ee
Slide 21: Thank You
Thank You yiibagJl NEE
Slide 22: National Bank of Kuwait Investor Presentation 1Q 2019 Earnings Call
National Bank of Kuwait Investor Presentation 1Q 2019 Earnings Call
National Bank of Kuwait — Q1 2019 Earnings Presentation on 6ix