Boubyan Bank K.s.c. · KSE:BOUBYAN
Boubyan Bank K.s.c — Boubyan Bank K.S.C.P. — Q1 2026 Earnings Presentation
30 slides from Boubyan Bank K.s.c's earnings presentation, Apr 30, 2026
Slide 1: Minutes of Analysts' Conference Call Q1 2026 cover letter
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Slide 2: Q1 2026 Boubyan Bank K.S.C.P – Earnings Call
Classification: Public Q1 2026 Boubyan Bank K.S.C.P – Earnings Call Edited transcript of the Boubyan Bank earnings conference call that took place on Tuesday, 28th April 2026 at 13:30 Kuwait Time Corporate Participants: Mr. Abdulsalam Al Saleh – Chief Executive Officer Mr. Mohamed Ibrahim – Group Ch
Slide 3: Call introduction and disclaimer
Classification: Public Fawaz Tawfiqi: Good afternoon everyone, and welcome. Thank you for joining Boubyan Bank’s earnings webcast covering the results of the first quarter of 2026. My name is Fawaz Tawfiqi from Investor Relations. Joining me today is Mr. Abdulsalam Al Saleh – Chief Executive Officer
Slide 4: Operating environment and performance highlights
Classification: Public Abdulsalam Al Thank you, Fawaz. Saleh: Good afternoon everyone and thank you for joining us. I will give a quick update on the global and local operating environments before my highlights on the overall financial performance and strategic initiatives for the bank. During the f
Slide 5: Boubyan 2028 strategy
Classification: Public Moving on now to discuss our “Boubyan 2028” strategy. Even with the ongoing geopolitical situation, Boubyan remains committed to its 2028 strategy with a strong focus on business continuity and maintaining smooth operations. The Group has navigated these challenges and is pois
Slide 6: Financial performance discussion
Classification: Public Mohamed Ibrahim: Good afternoon everyone, and thank you for joining us. I will walk you through our financial performance for the period ended 31 March 2026, with a focus on our earnings drivers, balance sheet profile, asset quality, capital position, and outlook. Against the
Slide 7: Asset quality and balance sheet discussion
Classification: Public 3.3%, well below the industry average. In addition, total provisions available under current CBK regulations exceed IFRS 9 provision requirements by more than KD 108 million. Total impairment provisions charged during the period were KD 3.8 million. As shown on the slide, the
Slide 8: Outlook and guidance
Classification: Public We now move on to our last section on outlook and guidance. Our guidance assumes that recovery activity from the current geopolitical situation begins to take hold during the second quarter, although the pace and timing remain subject to uncertainty. In light of the current in
Slide 9: Q&A: loan loss ratio and loan growth
Classification: Public Mohamed Ibrahim Yes, during the first quarter, we had major recoveries which reduces our loss ratio. However, in our guidance, we normalized the loan loss ratio for the year to be around 20-30bps after considering the recoveries during the first quarter. Fawaz Tawfiqi Next que
Slide 10: Q&A: projects and income components
Classification: Public Abdulsalam Al Saleh So far, we don’t have any strong reasons to believe so. As I mentioned earlier, we are still seeing the tenders of projects in the government continuing and our clients are still participating (some have been awarded). The main projects are still in the ten
Slide 11: Boubyan Bank 3M 2026 Results
Boubyan Bank Investor Presentation 3M 2026 Results 28th April 2026 Towards Perfection
Slide 12: 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 13: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 14: Financial Highlights
Boubyan’s Performance & Strategy - At a Glance Financial Highlights Financial Snapshot Market Share (%) KD million 3M 2026 3M 2025 Growth % Net Profit Before Tax 32.6 31.4 4% 12.4 12.3 Net Profit to shareholders 26.4 26.5 - 10.2 Operating Income 70.1 65.4 7% 12.7 12.7 Operating Profit 36.4 34.8 4% 9
Slide 15: Strategy Builds on Robust Domestic Foundations and International Presence
The Bank’s Strategy Builds on Robust Domestic Foundations And Builds Its International Presence Strategic Objectives ▪ Maintaining Group’s position as a leader in customer service and enhancing the customer experience. ▪ Growing its market share as the bank of choice for affluent and youth customers
Slide 16: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 17: Profitability & Performance Ratios
Income Statement Analysis Profitability & Performance Ratios Net Profit Before Tax (KD Million) Net Profit (KD Million) 4% - 31.4 32.6 26.5 26.4 3M 2025 3M 2026 3M 2025 3M 2026 Return on Average Equity (%)* Return on Average Assets (%) 11.2% 10.6% 1.1% 1.0% 3M 2025 3M 2026 3M 2025 3M 2026 7 * RoAE i
Slide 18: Operating Income Components & Net Profit Margins
Income Statement Analysis Operating Income Components & Net Profit Margins Operating Income (KD Million) Net Financing Income (KD Million) Operating income Net Financing Income 7% 6% 65.4 70.1 52.5 49.5 3M 2025 3M 2026 3M 2025 3M 2026 Non-Financing Income (KD Million) Net Profit Margin % Investment
Slide 19: Operating Costs & Efficiency
Income Statement Analysis Operating Costs & Efficiency Operating Costs (KD Million) Composition of Operating Costs % Staff costs General & Admin Depreciation 10% 15% 15% 32% 31% 30.6 33.7 53% 54% 3M 2025 3M 2026 3M 2025 3M 2026 Operating Efficiency (%) Operating Costs to Average Assets (%) 1.2% 1.3%
Slide 20: Asset Quality, Provisions & Related Ratios
Income Statement Analysis Asset Quality, Provisions & Related Ratios IFRS 9 Staging Provisions* (KD Million) Specific* General** Stage 1 Stage 2 Stage 3 1.0% 1.1% 1.0% 11% 3.8 3.6% 3.2% 3.3% 3.4 1.4 2.4 95.4% 95.7% 95.7% 1.0 2.4 Mar-25 Dec-25 Mar-26 3M 2025 3M 2026 Provisions to Op. Profit & Loss Ra
Slide 21: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 22: Assets & Financing Portfolio
Balance Sheet Analysis Assets & Financing Portfolio Total Assets (KD Million) Composition of Assets % Financing Portfolio Liquid assets* 7% Investments PPE & Other assets 2% 3% 3% 3% 3% 3% 3% 19% 19% 19% 9,721 10,201 10,358 75% 75% 75% Mar-25 Dec-25 Mar-26 Mar-25 Dec-25 Mar-26 Financing Portfolio –
Slide 23: Liquidity & Funding
Balance Sheet Analysis Liquidity & Funding Sources of Funding (KD Million & %) Customer Deposits (KD Million) Equity MTN & Sukuk T1 Interbank, CDs, & Others Customer Deposits Financing Portfolio to Deposit 9,377 87.3% 86.2% 87.3% 10,201 10,358 9% 9% 9% 5% 6% 7% 7% 3% 4% 6% 5% 81% 78% 79% 7,881 7,997
Slide 24: Outline
Outline 1 Boubyan’s Performance & Strategy – At a Glance 2 Income Statement Analysis 3 Balance Sheet Analysis 4 Capitalization & Leverage Towards Perfection
Slide 25: Capitalization & Leverage
Capitalization & Leverage Capitalization & Leverage Capital Adequacy Ratio Leverage Ratio RWA - KD Million Total CAR CET1 17.2% 17.2% 17.0% 13.7% 13.8% 13.7% 9.6% 9.7% 9.5% 6,127 6,565 6,549 Mar-25 Dec-25 Mar-26 Mar-25 Dec-25 Mar-26 Composition of Regulatory Capital CET1 Additional Tier 1 Tier 2 7%
Slide 26: Guidance & Q&A
Guidance & Q&A Towards Perfection
Slide 27: Appendix
Appendix Towards Perfection
Slide 28: Consolidated Financial Statements – Q1 2026
Consolidated Financial Statements – Q1 2026 CONSOLIDATED STATEMENT OF INCOME 31-Mar 31-Mar CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31-Mar 31-Mar KD Million 2026 2025 KD Million 2026 2025 Income Assets Islamic financing income 121.9 116.6 Cash and balances with banks 407 641 Financing cost (69.4
Slide 29: Consolidated Income Statement
Consolidated Income Statement CONSOLIDATED STATEMENT OF INCOME 31-Dec 31-Dec 31-Dec KD Million 2025 2024 2023 Income Islamic financing income 491.4 458.5 396.8 Financing cost (281.8) (258.1) (224.3) Net finance income 209.6 200.4 172.5 Net investment income 21.3 11.2 15.2 Net fees and commission inc
Slide 30: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position KD Million 31-Dec 31-Dec 31-Dec 2025 2024 2023 Assets Cash and balances with banks 353.7 495.5 399.0 Deposits with Central Bank of Kuwait 363.4 125.1 219.0 Deposits with other banks 136.5 244.7 96.2 Islamic financing to customers 7,679.7 6,923.9 6,321.0 I
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