National Bank Of Kuwait K.s.c. · KSE:NBK
National Bank Of Kuwait K.s.c — National Bank of Kuwait — FY2025 Earnings Presentation
23 slides from National Bank Of Kuwait K.s.c's earnings presentation, 2026
Slide 1: National Bank of Kuwait Investor Presentation 4Q/FY 2025 Earnings Call
PUBLIC National Bank of Kuwait Investor Presentation 4Q/FY 2025 Earnings Call National Bank of Kuwait 1
Slide 2: Disclaimer
PUBLIC 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
Slide 3: Contents
PUBLIC Contents Section 1 Vice Chairman and Group CEO Opening Remarks Section 2 Financial Performance Section 3 Appendix Section 4 Questions National Bank of Kuwait 3
Slide 4: Key Economic Highlights
PUBLIC Key Economic Highlights GCC Headline Growth (%) Real GDP Growth1 (% y/y) 6 6 2024 2025f 2026f Oil sector Non-oil sector Headline Bahrain 4 4 2.6 2.8 2.7 2 2 Kuwait -2.6 2.3 4.5 0 0 Oman 1.6 3.2 4.0 -2 -2 Qatar 2.4 2.7 3.2 -4 -4 KSA 2.0 4.5 5.0 -6 -6 UAE 4.0 4.9 5.2 -8 -8 GCC 2.2 4.2 4.8 -10 -
Slide 5: Operating Performance & Profitability
PUBLIC Operating Performance & Profitability Net Profit (KDm) Profit Before Tax (KDm) (4.1%) 5.4% 600.1 735 575.6 697 (24.3%) 143.1 108.3 2024 2025 4Q2024 4Q2025 2024 2025 Return on Average Assets Return on Average Equity Net Operating Income (KDm) 3.6% 15.1% 1,297 1.55% 1,251 1.33% 13.4% 2024 2025
Slide 6: NBK's Strategy
PUBLIC NBK’s Strategy ▪ The Bank aims to (i) remain the primary banker for the leading local companies whilst continuing to be active in the mid-market sector;(ii) ✓ Corporate remain the bank of choice for foreign companies and continuing to serve at least 75% of those companies and (iii) maintain i
Slide 7: NBK ESG Achievements
PUBLIC NBK ESG Achievements We measure our progress against well-defined metrics and targets to achieve the greatest positive impact. Strategy Pillars Key Highlights* ▪ Published its first Green Bond Allocation and Impact Report in May 2025 following the inaugural USD 500 million green bond issuance
Slide 8: Contents
PUBLIC Contents Section 1 Vice Chairman and Group CEO Opening Remarks Section 2 Financial Performance Section 3 Appendix Section 4 Questions National Bank of Kuwait 8
Slide 9: Operating Performance 2025
PUBLIC Operating Performance 2025 Net Profit (KDm) Profit Before Tax (KDm) Profit before Tax (KDm) Effective Tax Rate (%) 600 576 735 697 -4.1% +5.4% 16.0% 143 152 191 8.2% 165 108 142 4Q 2024 3Q 2025 4Q 2025 2024 2025 4Q 2024 3Q 2025 4Q 2025 2024 2025 2025 Net Profit by Business Line (%) Net Operat
Slide 10: Operating Performance 2025
PUBLIC Operating Performance 2025 Net Interest Income* (KDm) Net Interest Margin* YTD NIM Qtrly NIM 980 1,000 2.66% +2.0% 2.48% 2.45% 2.45% 2.41% 2.58% 2.46% 2.42% 2.45% 2.29% 246 259 251 4Q 2024 3Q 2025 4Q 2025 2024 2025 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Net Interest Margin drivers Non-intere
Slide 11: Operating Performance 2025
PUBLIC Operating Performance 2025 Operating Expenses (KDm) Provisions and Impairments (KDm) Staff expenses Other operating expenses Prov chg for credit losses Other impairment losses Cost of Risk 498 86 468 87 +6.4% 65 232 215 53 26 16 30 3 39 125 124 133 22 36 266 37 bps 253 27 60 57 66 22 15 bps 6
Slide 12: Operating Performance 2025
PUBLIC Operating Performance 2025 Total Assets (KDbn) Total Liabilities (KDbn) Cash & Deposits with banks Loans Investment sec. Others Customer Deposits Due to banks Deposits from other FIs CD's / Other borrowed funds Other Liabilities 35.2 40.0 40.3 45.6 6% 6% 9% 9% 19% 8% 9% 20% 15% 14% 59% 59% 65
Slide 13: Performance and Asset Quality Ratios 2025
PUBLIC Performance and Asset Quality Ratios 2025 Return on Average Equity & Return on Average Assets Cost to Income Ratio ROAE ROAA 38.4% 15.1% 13.4% 37.4% 1.55% 1.33% Dec 24 Dec 25 FY 24 FY 25 Capital Adequacy Ratios Asset Quality Ratios CET 1 Ratio Tier 1 Ratio Capital Adequacy Ratio Loan Loss Cov
Slide 14: 2026 Guidance
PUBLIC 2026 Guidance FY 2025 2026 Guidance v/s 2025 Loan Growth (ytd) +13.1% Low Double Digit NIM 2.41% Contracting Cost to Income ratio 38.4% High 30s Cost of Risk 15bps c.40bps Earnings (yoy) -4.1% Capital Adequacy 17.0% National Bank of Kuwait 14
Slide 15: Contents
PUBLIC Contents Section 1 Vice Chairman and Group CEO Opening Remarks Section 2 Financial Performance Section 3 Appendix Section 4 Questions National Bank of Kuwait 15
Slide 16: Consolidated Statement Of Income (KDm)
PUBLIC Consolidated Statement Of Income (KDm) KDm 2024 2025 YoY Growth (%) Interest Income 1,799 1,842 2% Interest Expense 1,027 1,059 3% Net Interest Income 772 783 1% Murabaha and other Islamic financing income 465 496 7% Finance cost and Distribution to depositors 256 279 9% Net Income from Islam
Slide 17: Consolidated Statement Of Financial Position (KDm)
PUBLIC Consolidated Statement Of Financial Position (KDm) KDm December-2024 December-2025 YoY Growth % Cash and short term funds 5,323 4,878 (8%) Central Bank of Kuwait bonds 344 31 (91%) Kuwait Government treasury bonds 149 847 NM Deposits with banks 1,383 2,107 52% Loans, advances and Islamic fina
Slide 18: Performance Measures 2025
PUBLIC Performance Measures 2025 December-2024 December-2025 Return on Average Assets 1.55% 1.33% Return on Average Equity 15.1% 13.4% Net Interest Margin 2.66% 2.41% Cost to Income 37.4% 38.4% NPLs to Gross Loans 1.34% 1.36% Loan Loss Reserves to NPLs 263% 240% CET 1 Ratio 13.2% 13.1% Tier 1 Ratio
Slide 19: Contents
PUBLIC Contents Section 1 Vice Chairman and Group CEO Opening Remarks Section 2 Financial Performance Section 3 Appendix Section 4 Questions National Bank of Kuwait 19
Slide 20: Questions?
PUBLIC Questions? National Bank of Kuwait 20
Slide 21: Thank You
PUBLIC Thank You National Bank of Kuwait 21
Slide 22: Contact
PUBLIC Contact Contact Investor Relations Useful information E: Investor-Relations@nbk.com Download copies of NBK’s: National Bank of Kuwait (NBK) PO Box 95, 13001 Safat Kuwait • Financial statements Al Shuhada Street, Block 7, Sharq • Earnings release State of Kuwait • Annual report National Bank o
Slide 23: National Bank of Kuwait Investor Presentation 4Q/FY 2025 Earnings Call
PUBLIC National Bank of Kuwait Investor Presentation 4Q/FY 2025 Earnings Call National Bank of Kuwait 23
National Bank of Kuwait — FY2025 Earnings Presentation on 6ix