National Bank Of Kuwait K.s.c. · KSE:NBK
National Bank Of Kuwait K.s.c — National Bank of Kuwait — 9M 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 3Q/9M 2025 Earnings Call
PUBLIC National Bank of Kuwait Investor Presentation 3Q/9M 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 CEO-Kuwait 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) 10 10 2024 2025f 2026f 8 8 Bahrain 2.6 3.0 2.7 Oil sector Non-oil sector Headline 6 6 Kuwait -2.6 2.4 4.1 4 4 2 2 Oman 1.7 3.1 3.4 0 0 Qatar 2.4 2.4 5.5 -2 -2 KSA 2.0 3.7 4.1 -4 -4 -6 -6 UAE 4.0 3.8 4.6 -8 -8 GCC 2.1 3.5
Slide 5: Operating Performance & Profitability
PUBLIC Operating Performance & Profitability Net Profit (KDm) Profit Before Tax (KDm) 11.3% 2.3% 593 532 467 457 9M 2024 9M 2025 9M 2024 9M 2025 Return on Average Assets Return on Average Equity Net Operating Income (KDm) 4.1% 15.4% 969 1.60% 931 1.47% 14.5% 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9
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* ▪ 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 CEO-Kuwait Opening Remarks Section 2 Financial Performance Section 3 Appendix Section 4 Questions National Bank of Kuwait 8
Slide 9: Operating Performance 9M 2025
PUBLIC Operating Performance 9M 2025 Net Profit (KDm) Profit Before Tax (KDm) Profit before Tax (KDm) Effective Tax Rate (%) 593 532 +11.3% 457 467 +2.3% 15.9% 228 181 189 191 165 152 8.7% 3Q 2024 2Q 2025 3Q 2025 9M 2024 9M 2025 3Q 2024 2Q 2025 3Q 2025 9M 2024 9M 2025 9M 25 Net Profit by Business Li
Slide 10: Operating Performance 9M 2025
PUBLIC Operating Performance 9M 2025 Net Interest Income* (KDm) Net Interest Margin* YTD NIM Qtrly NIM 734 749 2.71% 2.73% 2.64% 2.66% +2.1% 2.48% 2.69% 2.45% 2.45% 2.69% 2.64% 2.58% 2.46% 2.42% 2.45% 251 253 259 3Q 2024 2Q 2025 3Q 2025 9M 2024 9M 2025 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025
Slide 11: Operating Performance 9M 2025
PUBLIC Operating Performance 9M 2025 Operating Expenses (KDm) Provisions and Impairments (KDm) Staff expenses Other operating expenses Prov chg for credit losses Other impairment losses 365 342 56 166 +6.5% 155 14 22 60 0 12 14 12 22 9 (0) 3 116 124 124 (4) (44) 53 55 57 187 199 63 69 68 (32) 3Q 202
Slide 12: Operating Performance 9M 2025
PUBLIC Operating Performance 9M 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 39.2 40.3 44.9 34.1 35.2 39.4 7% 6% 5% 19% 20% 9% 9% 10% 19%
Slide 13: Performance and Asset Quality Ratios 9M 2025
PUBLIC Performance and Asset Quality Ratios 9M 2025 Return on Average Equity & Return on Average Assets Cost to Income Ratio ROAE ROAA 37.6% 15.4% 15.1% 37.4% 14.5% 36.8% 1.60% 1.55% 1.47% Sep 24 Dec 24 Sep 25 9M 2024 FY 2024 9M 2025 Capital Adequacy Ratios Asset Quality Ratios Loan Loss Coverage Ra
Slide 14: 2025 Guidance
PUBLIC 2025 Guidance FY 2024 9M 2025 2025 Guidance v/s 2024 Loan Growth (ytd) +6.4% +9.9% Low Double Digit NIM 2.66% 2.45% Contracting Cost to Income ratio 37.4% 37.6% High 30s Cost of Risk 37bps 1bps c.40bps* Earnings (yoy) +7.0% +2.3% Capital Adequacy 17.3% 16.4% *underlying Cost of risk without t
Slide 15: Contents
PUBLIC Contents Section 1 CEO-Kuwait 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 9M 2024 9M 2025 YoY Growth (%) Interest Income 1,354 1,372 1% Interest Expense 774 785 1% Net Interest Income 580 587 1% Murabaha and other Islamic financing income 344 370 7% Finance cost and Distribution to depositors 190 208 9% Net Income from Isl
Slide 17: Consolidated Statement Of Financial Position (KDm)
PUBLIC Consolidated Statement Of Financial Position (KDm) KDm September-2024 September-2025 YoY Growth % Cash and short term funds 4,347 6,029 39% Central Bank of Kuwait bonds 638 33 (95%) Kuwait Government treasury bonds 149 385 NM Deposits with banks 1,705 1,670 (2%) Loans, advances and Islamic fi
Slide 18: Performance Measures 9M 2025
PUBLIC Performance Measures 9M 2025 September-2024 September-2025 Return on Average Assets 1.60% 1.47% Return on Average Equity 15.4% 14.5% Net Interest Margin 2.69% 2.45% Cost to Income 36.8% 37.6% NPLs to Gross Loans 1.39% 1.37% Loan Loss Reserves to NPLs 263% 241% CET 1 Ratio 12.2% 12.4% Tier 1 R
Slide 19: Contents
PUBLIC Contents Section 1 CEO-Kuwait 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 3Q/9M 2025 Earnings Call
PUBLIC National Bank of Kuwait Investor Presentation 3Q/9M 2025 Earnings Call National Bank of Kuwait 23
National Bank of Kuwait — 9M 2025 Earnings Presentation on 6ix