National Bank Of Kuwait K.s.c. · KSE:NBK
National Bank Of Kuwait K.s.c — National Bank of Kuwait — H1 2025 Earnings Presentation
23 slides from National Bank Of Kuwait K.s.c's earnings presentation, 2025
Slide 1: National Bank of Kuwait Investor Presentation 2Q/1H 2025 Earnings Call
PUBLIC National Bank of Kuwait Investor Presentation 2Q/1H 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) 2024 2025f 2026f 10 10 8 8 Bahrain 2.6 3.0 2.7 Oil sector Non-oil sector Headline 6 6 Kuwait -2.6 1.9 3.3 4 4 Oman 1.7 3.2 3.4 2 2 0 0 Qatar 2.4 2.4 5.5 -2 -2 KSA 2.0 3.6 4.3 -4 -4 -6 -6 UAE 4.0 3.9 4.9 -8 -8 GCC 2.1 3.4
Slide 5: Operating Performance & Profitability
PUBLIC Operating Performance & Profitability Net Profit (KDm) Profit Before Tax (KDm) 7.8% 17.0% 315 402 24.2% 292 343 181 146 2Q 2024 2Q 2025 1H 2024 1H 2025 1H 2024 1H 2025 Return on Average Assets Return on Average Equity Net Operating Income (KDm) 3.1% 631 15.0% 15.1% 612 1.55% 1.52% 1H 2024 1H
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: Key ESG Achievements
PUBLIC Key ESG Achievements We measure our progress against well-defined metrics and targets to achieve the greatest positive impact. Strategy Pillars Key Highlights* Issued debut USD 500 million green bond in June 2024, underscoring NBK’s commitment to climate action and published its first Green
Slide 8: Contents
PUBLIC Contents Section 1 Group CEO Opening Remarks Section 2 Financial Performance Section 3 Appendix Section 4 Questions National Bank of Kuwait 8
Slide 9: Operating Performance 1H 2025
PUBLIC Operating Performance 1H 2025 Net Profit (KDm) Profit Before Tax (KDm) Profit before Tax (KDm) Effective Tax Rate (%) 402 315 343 +17.0% 292 +7.8% 228 16.0% 181 146 171 173 134 9.2% 2Q 2024 1Q 2025 2Q 2025 1H 2024 1H 2025 2Q 2024 1Q 2025 2Q 2025 1H 2024 1H 2025 1H25 Net Profit by Business Lin
Slide 10: Operating Performance 1H 2025
PUBLIC Operating Performance 1H 2025 Net Interest Income* (KDm) Net Interest Margin* Net Interest Income (KDm) Average Interest Earning Assets (KDbn) YTD NIM Qtrly NIM 482 490 2.71% 2.73% 2.64% 2.66% +1.5% 2.45% 2.48% 2.69% 2.69% 2.64% 2.58% 2.46% 244 237 253 2.45% 40.1 36.1 2Q 2024 1Q 2025 2Q 2025
Slide 11: Operating Performance 1H 2025
PUBLIC Operating Performance 1H 2025 Operating Expenses (KDm) Provisions and Impairments (KDm) Staff expenses Other operating expenses Prov chg for credit losses Other impairment losses 43 240 227 22 +6.0% 17 47 109 25 103 21 12 9 124 115 116 (4) (3) (4) (20) 55 (44) 50 54 (10) 124 131 65 62 69 (32)
Slide 12: Operating Performance 1H 2025
PUBLIC Operating Performance 1H 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 37.7 40.3 43.6 32.7 35.2 38.4 8% 6% 5% 19% 20% 8% 9% 10% 18%
Slide 13: Performance and Asset Quality Ratios 1H 2025
PUBLIC Performance and Asset Quality Ratios 1H 2025 Return on Average Equity & Return on Average Assets Cost to Income Ratio ROAE ROAA 15.1% 15.1% 15.0% 38.0% 1.55% 1.55% 1.52% 37.4% 37.0% Jun 24 Dec 24 Jun 25 1H 2024 FY 2024 1H 2025 Capital Adequacy Ratios Asset Quality Ratios CET 1 Ratio Tier 1 Ra
Slide 14: 2025 Guidance
PUBLIC 2025 Guidance FY 2024 1H 2025 2025 Guidance v/s 2024 Loan Growth (ytd) +6.4% +7.5% High Single Digit NIM 2.66% 2.46% Contracting Cost to Income ratio 37.4% 38.0% High 30s Cost of Risk 37bps -16bps c.40bps* Earnings (yoy) +7.0% +7.8% Capital Adequacy 17.3% 16.4% *underlying Cost of Risk withou
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 1H 2024 1H 2025 YoY Growth (%) Interest Income 897 895 (0.3%) Interest Expense 514 511 (0.6%) Net Interest Income 383 383 0.2% Murabaha and other Islamic financing income 224 242 7.7% Finance cost and Distribution to depositors 125 135 8.5% Net Incom
Slide 17: Consolidated Statement Of Financial Position (KDm)
PUBLIC Consolidated Statement Of Financial Position (KDm) KDm June-2024 June-2025 YoY Growth % Cash and short term funds 3,596 5,629 56.5% Central Bank of Kuwait bonds 775 284 (63.4%) Kuwait Government treasury bonds 181 221 22.5% Deposits with banks 1,691 1,600 (5.4%) Loans, advances and Islamic fi
Slide 18: Performance Measures 1H 2025
PUBLIC Performance Measures 1H 2025 June-2024 June-2025 Return on Average Assets 1.55% 1.52% Return on Average Equity 15.0% 15.1% Net Interest Margin 2.69% 2.46% Cost to Income 37.0% 38.0% NPLs to Gross Loans 1.52% 1.33% Loan Loss Reserves to NPLs 248% 252% CET 1 Ratio 12.5% 12.4% Tier 1 Ratio 14.5%
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 2Q/1H 2025 Earnings Call
PUBLIC National Bank of Kuwait Investor Presentation 2Q/1H 2025 Earnings Call National Bank of Kuwait 23
National Bank of Kuwait — H1 2025 Earnings Presentation on 6ix