National Bank Of Kuwait K.s.c. · KSE:NBK

National Bank Of Kuwait K.s.c — National Bank of Kuwait — Q3 2018 Earnings Presentation

19 slides from National Bank Of Kuwait K.s.c's earnings presentation, 2018

  1. Slide 1: National Bank of Kuwait Investor Presentation 3Q 2018 Earnings Call

    This image cannot currently be display ed. National Bank of Kuwait Investor Presentation 3Q 2018 Earnings Call

  2. 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

  3. Slide 3: Contents

    Contents Section 1 Opening remarks Section 2 Financial Performance 9M 2018 Section 3 Appendix Section 4 Questions 2

  4. Slide 4: Net Profits 9M 2018

    Net Profits 9M 2018 Net Profit 9M 2018 (KDm) Net Profit 3Q 2018 (KDm) 272 87 238 +14.3% +17.5% 74 9M 2017 9M 2018 3Q 2017 3Q 2018 3

  5. Slide 5: Contents

    Contents Section 1 Opening remarks Section 2 Financial Performance 9M 2018 Section 3 Appendix Section 4 Questions 4

  6. Slide 6: Operating Performance 9M 2018

    Operating Performance 9M 2018 Net Profit (KDm) Operating Surplus (KDm) 272.4 459.7 238.4 418.9 +14.3% +9.7% 92.3 86.5 158.2 152.6 73.7 145.7 3Q 2017 2Q 2018 3Q 2018 9M 2017 9M 2018 3Q 2017 2Q 2018 3Q 2018 9M 2017 9M 2018 Operating Income (KDm) Operating Income 661.8 Non-interest income 609.9 Net int

  7. Slide 7: Operating Performance 9M 2018

    Operating Performance 9M 2018 Net Interest Income (KDm) Average Interest Earning Assets (KDbn) 515.0 25.5 466.3 +10.5% 23.9 +6.5% 161.1 173.2 178.2 3Q 2017 2Q 2018 3Q 2018 9M 2017 9M 2018 9M 2017 9M 2018 Net Interest Margin Net Interest Margin drivers YTD NIM Qtrly NIM 2.74% 2.71% +0.06% -0.31% +0.3

  8. Slide 8: Operating Performance 9M 2018

    Operating Performance 9M 2018 Non-interest income (KDm) Operating Expenses (KDm) Net fees and commissions Staff expenses Net gains from dealing in FX 143.6 146.8 191.0 202.1 Other operating expenses Others 3 17 29 +2.2% +5.8% 24 82 78 50.0 55.5 41.4 65.4 70.6 67.0 4 114 6 12 102 9 10 27 29 27 113 12

  9. Slide 9: Operating Performance 9M 2018

    Operating Performance 9M 2018 Net profit (KDm) - International Net Profit (KDm) – Domestic / International 86.6 72.8 +19.0% Int'l Int'l 31% 32% Dom. Dom. 69% 68% 9M 2017 9M 2018 9M 2017 9M 2018 Net profit (KDm) - Boubyan Bank Total Assets (KD’bn) – Kuwait/ International / Boubyan Bank 40.4 34.0 BB B

  10. Slide 10: Operating Performance 9M 2018

    Operating Performance 9M 2018 Total Assets (KDbn) Loans, Advances and Islamic Financing (KDbn) 27.1 15.4 25.7 26.0 14.5 14.5 +4.2% +6.2% +5.7% +6.5% Sep 17 Dec 17 Sep 18 Sep 17 Dec 17 Sep 18 Customer Deposits (KDbn) Funding Mix Due to banks and other FIs Customer Deposits 14.1 CD's / GMTN / T2 Bonds

  11. Slide 11: Performance and Asset Quality ratios 9M 2018

    Performance and Asset Quality ratios 9M 2018 Return on Average Equity Return on Average Assets 1.36% 11.9% 1.27% 1.28% 10.8% 10.8% 9M 2017 FY 2017 9M 2018 9M 2017 FY 2017 9M 2018 Capital Adequacy Ratios Asset Quality Ratios 1.90% 17.5% 17.8% 17.2% 323.1% 1.75% 15.8% 287.5% 1.60% 15.2% 1.45% 15.4% 23

  12. Slide 12: Contents

    Contents Section 1 Opening remarks Section 2 Financial Performance 9M 2018 Section 3 Appendix Section 4 Questions 11

  13. Slide 13: Consolidated Financials 9M 2018 (KD million)

    Consolidated Financials 9M 2018 (KD million) Income Statement (KWD million) 9M 2017 9M 2018 Balance sheet (KWD million) Sep 2017 Sep 2018 Cash and short term funds 2,744 2,944 Interest Income 546 658 Central Bank of Kuwait bonds 608 798 Interest Expense 161 236 Kuwait Government Treasury bonds 1,109

  14. Slide 14: Performance Measures 9M 2018

    Performance Measures 9M 2018 % 9M 2017 9M 2018 Return on average assets 1.27% 1.36% Return on average equity 10.8% 11.9% Net interest margin 2.60% 2.70% Cost to income 31.3% 30.5% NPLs to gross loans 1.42% 1.37% Loan loss reserves to NPLs 323.1% 237.4% Common equity tier 1 capital (CET1) 13.9% 13.7%

  15. Slide 15: Consolidated Statement Of Income (KD million)

    Consolidated Statement Of Income (KD million) KWD million 2015 2016 2017 Interest Income 585 665 743 Interest Expense 139 190 224 Net Interest Income 446 476 519 Murabaha and other Islamic financing income 106 128 156 Distribution to depositors and Murabaha costs 22 34 46 Net Income from Islamic fin

  16. Slide 16: Consolidated Statement Of Financial Position (KD million)

    Consolidated Statement Of Financial Position (KD million) KWD million 2015 2016 2017 Cash and short term funds 3,481 2,687 2,744 Central Bank of Kuwait bonds 804 749 656 Kuwait Government treasury bonds 380 493 1,076 Deposits with banks 1,427 2,408 2,488 Loans, advances and Islamic financing to cust

  17. Slide 17: Contents

    Contents Section 1 Opening remarks Section 2 Financial Performance 9M 2018 Section 3 Appendix Section 4 Questions 16

  18. Slide 18: Questions

    Questions 17

  19. Slide 19: Thank you

    Thank you 18

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