National Bank Of Kuwait K.s.c. · KSE:NBK
National Bank Of Kuwait K.s.c — National Bank of Kuwait — Investor Presentation (December 2025)
34 slides from National Bank Of Kuwait K.s.c's investor presentation, December 2025
Slide 1: National Bank of Kuwait Investor Presentation
National Bank of Kuwait Investor Presentation December 2025 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 2022 2023 2024 9M 2025 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 National Bank of Kuwait 13
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 Frameworks Upgraded to “A” from “BBB” ▪ A Board approved ESG Governance Structure and Framework that assigns ESG responsibility across members of the Executive Management. Significantly improved to 19
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* ▪ Issued debut USD 500 million green bond in June 2024, underscoring NBK’s commitment to climate action and published its first Green Bond A
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 Indicator 2023 2024e 2025f 2026f ▪ Kuwait is a constitutional monarchy, headed by H.E. the Emir, Sheikh Meshal Al- Ahmad Al-Sabah, with a population of 5.1 million (June 2025). Nominal GDP (KD billion) 1 50.8 49.1 48.1 49.1 ▪ It is a founding member of t
Slide 18: Kuwait's Economy
Kuwait’s Economy Real GDP Growth1 (% y/y) Project Awards2 (KD million) 6 6 1400 1400 Oil sector Non-oil sector Headline Construction Oil & Gas Transport 4 4 1200 1200 2 2 Power & Water Industrial 1000 1000 0 0 800 800 -2 -2 600 600 -4 -4 400 400 -6 -6 -8 -8 200 200 -10 -10 0 0 2Q23 3Q23 4Q23 1Q24 2Q
Slide 19: Kuwait's Banking Sector
Kuwait’s Banking Sector Kuwait Discount Rate1 (%) Loans and Deposits2 6 6 53 108 Credit (KD bn, LHS) Deposits (KD bn, LHS) 52 Loan-to-deposit ratio (RHS) 5 5 106 51 104 4 4 50 49 102 3 3 Discount rate 48 100 2 Fed target rate (upper limit) 2 47 98 46 1 1 96 45 0 0 44 94 Oct-22 Apr-23 Oct-23 Apr-24 O
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 44,910 National Bank of Kuwait 24,584 Kuwait Finance House 40,752 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 9M 2025
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 Line (%)
Slide 23: Operating Performance 9M 2025
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 3Q 202
Slide 24: Operating Performance 9M 2025
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 2024 2Q 20
Slide 25: Operating Performance 9M 2025
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% 9% 8% 9
Slide 26: Performance and Asset Quality Ratios 9M 2025
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 CET 1 Ratio Tier 1 Ratio Cap
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 9M 2025 (KDm)
Consolidated Financials 9M 2025 (KDm) Income Statement (KDm) 9M 2024 9M 2025 YoY Growth (%) Balance Sheet (KDm) Sep-24 Sep-25 YoY Growth (%) Interest Income 1,354 1,372 1% Cash and short term funds 4,347 6,029 39% Central Bank of Kuwait bonds 638 33 (95%) Interest Expense 774 785 1% Kuwait Governmen
Slide 29: Performance Measures 9M 2025
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 Ratio 14
Slide 30: Consolidated Statement Of Income (KDm)
Consolidated Statement Of Income (KDm) KDm 2022 2023 2024 Interest Income 948 1,633 1,799 Interest Expense 364 908 1,027 Net Interest Income 584 725 772 Murabaha and other Islamic financing income 288 402 465 Finance cost and Distribution to depositors 115 222 256 Net Income from Islamic financing 1
Slide 31: Consolidated Statement Of Financial Position (KDm)
Consolidated Statement Of Financial Position (KDm) KDm Dec-22 Dec-23 Dec-24 Cash and short term funds 5,323 4,385 5,323 Central Bank of Kuwait bonds 881 857 344 Kuwait Government treasury bonds 212 194 149 Deposits with banks 1,490 1,318 1,383 Loans, advances and Islamic financing to customers 20,99
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 December 2025 National Bank of Kuwait 34
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