National Bank Of Kuwait K.s.c. · KSE:NBK
National Bank Of Kuwait K.s.c — National Bank of Kuwait — Q1 2026 Earnings Presentation
23 slides from National Bank Of Kuwait K.s.c's earnings presentation, 2026
Slide 1: National Bank of Kuwait Investor Presentation 1Q 2026 Earnings Call
PUBLIC National Bank of Kuwait Investor Presentation 1Q 2026 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) 8 8 2025e 2026f 2027f 6 Oil sector Non-oil sector Headline 6 Bahrain 2.8 -5.5 6.5 4 4 Kuwait 2.2 -3.7 12.7 2 2 Oman 2.6 2.3 3.9 0 0 Qatar 2.9 -10.0 7.2 -2 -2 -4 -4 KSA 4.5 0.7 6.1 -6 -6 UAE 5.6 1.3 5.9 -8 -8 GCC 4.4 -0.2
Slide 5: Operating Performance & Profitability
PUBLIC Operating Performance & Profitability Net Profit (KDm) Net Operating Income (KDm) 1.0% 6.6% 135 331 134 311 1Q 2025 1Q 2026 1Q 2025 1Q 2026 Operating Surplus (KDm) Return on Average Assets Return on Average Equity 4.8% 1.33% 13.1% 204 1.20% 12.2% 195 1Q 2025 1Q 2026 1Q 2025 1Q 2026 1Q 2025 1Q
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 1Q 2026
PUBLIC Operating Performance 1Q 2026 Net Profit (KDm) Operating Surplus (KDm) 204 195 195 +4.8% 134 135 +1.0% 108 1Q 2025 4Q 2025 1Q 2026 1Q 2025 4Q 2025 1Q 2026 Net Operating Income (KDm) 1Q 26 Net Profit by Business Line (%) Corporate Net interest income & Net income from Islamic Financing Non-int
Slide 10: Operating Performance 1Q 2026
PUBLIC Operating Performance 1Q 2026 Net Interest Income* (KDm) Net Interest Margin* YTD NIM Qtrly NIM 251 248 2.48% +4.8% 2.45% 2.45% 2.41% 2.28% 237 2.45% 2.46% 2.42% 2.29% 2.28% 1Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 Net Interest Margin drivers Non-interest income (KDm) N
Slide 11: Operating Performance 1Q 2026
PUBLIC Operating Performance 1Q 2026 Operating Expenses (KDm) Provisions and Impairments (KDm) Staff expenses Other operating expenses 65 Prov chg for credit losses Other impairment losses Cost of Risk (bps) 133 60 127 53 55 116 +9.6% 50 +24.4% 45 16 66 59 40 54 35 27 30 22 25 53 bps 20 15 40 bps 68
Slide 12: Operating Performance 1Q 2026
PUBLIC Operating Performance 1Q 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 41.6 45.6 46.1 36.6 40.0 40.8 6% 6% 6% 20% 20% 21% 9% 9% 10%
Slide 13: Performance and Asset Quality Ratios 1Q 2026
PUBLIC Performance and Asset Quality Ratios 1Q 2026 Return on Average Equity & Return on Average Assets Cost to Income Ratio ROAE ROAA 13.4% 13.1% 12.2% 38.4% 38.3% 37.3% 1.33% 1.33% 1.20% Mar 25 Dec 25 Mar 26 1Q 2025 2025 1Q 2026 Capital Adequacy Ratios Asset Quality Ratios CET 1 Ratio Tier 1 Ratio
Slide 14: 2026 Guidance
PUBLIC 2026 Guidance 2025 1Q 2026 2026 Guidance v/s 2025 Loan Growth (ytd) +13.1% +1.7% Mid to High Single Digit NIM 2.41% 2.28% Contracting Cost to Income Ratio 38.4% 38.3% c.40% Cost of Risk 15bps 18bps c.40bps Earnings (yoy) -4.1% +1.0% Capital Adequacy 17.0% 16.4% 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 1Q 2025 1Q 2026 YoY Growth (%) Interest Income 437 459 5% Interest Expense 252 265 5% Net Interest Income 185 194 5% Murabaha and other Islamic financing income 118 123 4% Finance cost and Distribution to depositors 67 69 3% Net Income from Islamic f
Slide 17: Consolidated Statement Of Financial Position (KDm)
PUBLIC Consolidated Statement Of Financial Position (KDm) KDm March-2025 March-2026 YoY Growth % Cash and short term funds 4,685 4,456 (5%) Central Bank of Kuwait bonds 334 14 (96%) Kuwait Government treasury bonds 150 966 # Deposits with banks 1,767 2,078 18% Loans, advances and Islamic financing t
Slide 18: Performance Measures 1Q 2026
PUBLIC Performance Measures 1Q 2026 March-2025 March-2026 Return on Average Assets 1.33% 1.20% Return on Average Equity 13.1% 12.2% Net Interest Margin 2.45% 2.28% Cost to Income 37.3% 38.3% NPLs to Gross Loans 1.38% 1.35% Loan Loss Reserves to NPLs 251% 241% CET 1 Ratio 12.6% 12.5% Tier 1 Ratio 14.
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 1Q 2026 Earnings Call
PUBLIC National Bank of Kuwait Investor Presentation 1Q 2026 Earnings Call National Bank of Kuwait 23
National Bank of Kuwait — Q1 2026 Earnings Presentation on 6ix