National Bank Of Kuwait K.s.c. · KSE:NBK
National Bank Of Kuwait K.s.c — National Bank of Kuwait — 1H 2026 Earnings Presentation
34 slides from National Bank Of Kuwait K.s.c's earnings presentation, July 2026
Slide 1: National Bank of Kuwait Investor Presentation
National Bank of Kuwait Investor Presentation July 2026 National Bank of Kuwait 1
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 Overview of NBK Section 2 Strategy and Business Overview Section 3 Operating Environment Section 4 Financial Performance Highlights Section 5 Appendix National Bank of Kuwait 3
Slide 4: NBK is Kuwait's Leading Banking Group
NBK is Kuwait’s Leading Banking Group Snapshot Financial snapshot ▪ Established in 1952 as the first local and home-grown GCC bank, and first shareholding KD million 2023 2024 2025 1H 2026 company in Kuwait ▪ The leading conventional banking group in Kuwait in terms of assets, customer deposits and
Slide 5: Regional and International Geographic Presence
Regional and International Geographic Presence London – 1 branch Paris – 1 branch Geneva – 1 branch New York – 1 Branch Shanghai – 1 branch Kuwait – 70 branches Iraq – 3 branches Lebanon – 2 branches Egypt – 53 branches Bahrain – 2 branches Singapore – 1 branch UAE – 3 branches KSA – 3 branches Nati
Slide 6: Key Strengths
Key Strengths High credit ratings and among the top brand values regionally A Leading market position in Kuwait ▪ NBK enjoys a dominant market share across various business segments in ▪ NBK has one of the highest credit ratings in the MENA region Kuwait ▪ Named the most valuable banking brand in Ku
Slide 7: Contents
Contents Section 1 Overview of NBK Section 2 Strategy and Business Overview Section 3 Operating Environment Section 4 Financial Performance Highlights Section 5 Appendix National Bank of Kuwait 7
Slide 8: NBK's Strategy
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 its curr
Slide 9: Kuwait Operations
Kuwait Operations NBK Islamic Banking (Boubyan Bank 60.4% owned subsidiary) ▪ After a series of gradual share acquisitions since 2009, NBK’s stake in Boubyan bank reached 58.4% in 2012. Corporate Banking Consumer Banking Through Boubyan, NBK aims at diversifying its income stream, complementing its
Slide 10: International Banking Operations
International Banking Operations ▪ NBK’s international banking operations have been traditionally contributing circa 25% of the Group’s bottom line. London – 1 branch ▪ NBK’s international presence is a differentiating factor for the Group, enabling better service and Paris – 1 branch strengthening
Slide 11: NBK Wealth
NBK Wealth NBK Wealth emerged as the outcome of the transformation plan of merging NBK’s private banking and asset management businesses under one leadership and one identity. The transformation plan was focused on client-centricity, and NBK Wealth now offer SHNWI/UHNWI/HNWI and institutional accoun
Slide 12: Digital Banking Anchoring the Group Future Growth
Digital Banking Anchoring the Group Future Growth We are advancing our digital banking strategy with bold aspirations: Being a digital leader In response to evolving customer expectations, emerging Delivering next- Fostering a digitally and innovation generation digital enabled culture and technolog
Slide 13: NBK ESG Strategy Framework
NBK ESG Strategy Framework In 2026, the Group ESG Strategy was enhanced to reflect evolving regulatory expectations and global leading practices. The updated Strategy reinforces NBK’s focus on scaling sustainable finance, advancing decarbonization, strengthening climate risk management, and deliveri
Slide 14: The Fundamental Guiding Forces of NBK's ESG Journey
The Fundamental Guiding Forces of NBK’s ESG Journey ESG Ratings* ESG Governance National and Global ▪ Board Sustainability Committee established with Frameworks Rated ‘A’ per the MSCI Audit independent and female Board representation ▪ ESG oversight embedded within Board and management governance st
Slide 15: NBK ESG Achievements
NBK ESG Achievements We measure our progress against well-defined metrics and targets to achieve the greatest positive impact. Strategy Pillars Key Highlights* ▪ Enhanced Sustainable Financing Framework recognized with an Excellent Sustainable Fitch SPO rating. ▪ Reached 59% of the USD 10 billion su
Slide 16: Contents
Contents Section 1 Overview of NBK Section 2 Strategy and Business Overview Section 3 Operating Environment Section 4 Financial Performance Highlights Section 5 Appendix National Bank of Kuwait 16
Slide 17: Kuwait Overview
Kuwait Overview Key Highlights Key Indicators ▪ Kuwait is a constitutional monarchy, headed by H.E. the Emir, Sheikh Meshal Al- Indicator 2023 2024e 2025f 2026f Ahmad Al-Sabah, with a population of 5.2 million (December 2025). Nominal GDP (KD billion) 1 50.3 49.1 47.9 49.1 ▪ It is a founding member
Slide 18: Kuwait's Economy
Kuwait’s Economy Real GDP Growth1 (% y/y) Project Awards2 (KD million) 8 8 2250 2250 Oil sector Non-oil sector Headline Construction Oil & Gas Transport 6 6 2000 2000 4 4 1750 Power & Water Industrial 1750 2 2 1500 1500 0 0 1250 1250 -2 -2 1000 1000 -4 -4 750 750 -6 -6 500 500 -8 -8 250 250 -10 -10
Slide 19: Kuwait's Banking Sector
Kuwait’s Banking Sector Kuwait Discount Rate1 (%) Loans and Deposits2 6 6 56 108 Credit (KD bn, LHS) Deposits (KD bn, LHS) Loan-to-deposit ratio (RHS) 106 5 5 54 104 4 4 52 102 3 3 50 Discount rate 100 2 Fed target rate (upper limit) 2 48 98 1 1 46 96 0 0 44 94 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec
Slide 20: Dominant Kuwaiti Franchise
Dominant Kuwaiti Franchise NBK is the leading conventional banking group in Kuwait with a market leading position across its business segments Total Assets (KDm) 1 Customer Deposits (KDm) 1 National Bank of Kuwait 46,101 National Bank of Kuwait 25,867 Kuwait Finance House 43,555 Kuwait Finance House
Slide 21: Contents
Contents Section 1 Overview of NBK Section 2 Strategy and Business Overview Section 3 Operating Environment Section 4 Financial Performance Highlights Section 5 Appendix National Bank of Kuwait 21
Slide 22: Operating Performance 1H 2026
Operating Performance 1H 2026 Net Profit (KDm) Operating Surplus (KDm) 409 391 325 +4.6% 315 +3.0% 181 189 196 204 205 135 2Q 2025 1Q 2026 2Q 2026 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 1H 2025 1H 2026 Net Operating Income (KDm) 1H26 Net Profit by Business Line (%) Corporate 20% NBK Wealth 662 11%
Slide 23: Operating Performance 1H 2026
Operating Performance 1H 2026 Net Interest Income* (KDm) Net Interest Margin* Net Interest Income (KDm) Average Interest Earning Assets (KDbn) YTD NIM Qtrly NIM 490 501 +2.2% 2.48% 2.45% 2.45% 2.41% 2.28% 2.29% 253 252 2.45% 2.46% 2.42% 248 44.2 2.28% 40.1 2.29% 2.28% 2Q 2025 1Q 2026 2Q 2026 1H 2025
Slide 24: Operating Performance 1H 2026
Operating Performance 1H 2026 Operating Expenses (KDm) Provisions and Impairments (KDm) Staff expenses Other operating expenses Prov chg for credit losses Other impairment losses 253 240 27 +5.3% 15 6 116 109 17 12 12 5 9 124 127 126 (11) (25) (20) (44) 55 59 58 (10) 131 137 (20) 69 68 68 (32) 2Q 20
Slide 25: Operating Performance 1H 2026
Operating Performance 1H 2026 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 43.6 45.6 46.2 38.4 40.0 40.6 5% 6% 7% 20% 20% 10% 9% 8% 20% 10% 8%
Slide 26: Performance and Asset Quality Ratios 1H 2026
Performance and Asset Quality Ratios 1H 2026 Return on Average Equity & Return on Average Assets Cost to Income Ratio ROAE ROAA 15.1% 14.4% 38.4% 38.2% 38.0% 13.4% 1.52% 1.42% 1.33% Jun 25 Dec 25 Jun 26 1H 2025 FY 2025 1H 2026 Capital Adequacy Ratios Asset Quality Ratios Loan Loss Coverage Ratio NPL
Slide 27: Contents
Contents Section 1 Overview of NBK Section 2 Strategy and Business Overview Section 3 Operating Environment Section 4 Financial Performance Highlights Section 5 Appendix National Bank of Kuwait 27
Slide 28: Consolidated Financials 1H 2026 (KDm)
Consolidated Financials 1H 2026 (KDm) Income Statement (KDm) 1H 2025 1H 2026 YoY Growth (%) Balance Sheet (KDm) June-25 June-26 YoY Growth (%) Interest Income 895 916 2% Cash and short term funds 5,629 4,905 (13%) Central Bank of Kuwait bonds 284 - # Interest Expense 511 526 3% Kuwait Government Tre
Slide 29: Performance Measures 1H 2026
Performance Measures 1H 2026 June-2025 June-2026 Return on Average Assets 1.52% 1.42% Return on Average Equity 15.1% 14.4% Net Interest Margin 2.46% 2.29% Cost to Income 38.0% 38.2% NPLs to Gross Loans 1.33% 1.22% Loan Loss Reserves to NPLs 252% 256% CET 1 Ratio 12.4% 13.0% Tier 1 Ratio 14.3% 14.9%
Slide 30: Consolidated Statement of Income (KDm)
Consolidated Statement of Income (KDm) KDm 2023 2024 2025 Interest Income 1,633 1,799 1,842 Interest Expense 908 1,027 1,059 Net Interest Income 725 772 783 Murabaha and other Islamic financing income 402 465 496 Finance cost and Distribution to depositors 222 256 279 Net Income from Islamic financi
Slide 31: Consolidated Statement of Financial Position (KDm)
Consolidated Statement of Financial Position (KDm) KDm Dec-23 Dec-24 Dec-25 Cash and short term funds 4,385 5,323 4,878 Central Bank of Kuwait bonds 857 344 31 Kuwait Government treasury bonds 194 149 847 Deposits with banks 1,318 1,383 2,107 Loans, advances and Islamic financing to customers 22,281
Slide 32: Kuwait Selected Mega Projects
Kuwait Selected Mega Projects Project Sector Budget (KD bn) Scope Status South Al Mutlaa City Construction 6.0 30,000 residential units, schools and other facilities Execution: Construction works are still ongoing on the project. South Saad Al-Abdullah Residential 24,500 residential units and relate
Slide 33: Contact
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 of Kuwai
Slide 34: National Bank of Kuwait Investor Presentation
National Bank of Kuwait Investor Presentation July 2026 National Bank of Kuwait 34
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