National Bank of Kuwait K.S.C. · KSE:NBK
National Bank of Kuwait K.S.C — National Bank of Kuwait — Q3 2026 Earnings Presentation
23 slides from National Bank of Kuwait K.S.C's earnings presentation, October 2026
Slide 1: National Bank of Kuwait Investor Presentation 3Q/9M 2026 Earnings Call
PUBLIC National Bank of Kuwait Investor Presentation 3Q/9M 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) 2025e 2026f 2027f 9 9 Oil sector Non-oil sector Headline Bahrain 2.8 -5.5 6.5 6 6 3 3 Kuwait 2.9 -16.2 18.5 0 0 Oman 2.6 2.3 3.9 -3 -3 Qatar 2.9 -10.0 7.2 -6 -6 KSA 4.5 0.7 6.1 -9 -9 UAE 5.6 1.3 5.8 -12 -12 GCC 4.6 -1.1
Slide 5: Operating Performance & Profitability
PUBLIC Operating Performance & Profitability Net Profit (KDm) Net Operating Income (KDm) 3.1% 3.8% 482 467 1,006 969 3.1% 152 157 3Q 2025 3Q 2026 9M 2025 9M 2026 9M 2025 9M 2026 Operating Surplus (KDm) Return on Average Assets Return on Average Equity 3.5% 1.47% 625 1.39% 604 14.5% 13.9% 9M 2025 9M
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
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 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 9M 2026
PUBLIC Operating Performance 9M 2026 Net Profit (KDm) Operating Surplus (KDm) 625 604 +3.5% 467 482 +3.1% 213 205 216 189 152 157 3Q 2025 2Q 2026 3Q 2026 9M 2025 9M 2026 3Q 2025 2Q 2026 3Q 2026 9M 2025 9M 2026 Net Operating Income (KDm) 9M26 Net Profit by Business Line (%) Corporate 19% NBK Wealth 1
Slide 10: Operating Performance 9M 2026
PUBLIC Operating Performance 9M 2026 Net Interest Income* (KDm) Net Interest Margin* Net Interest Income (KDm) Average Interest Earning Assets (KDbn) YTD NIM Qtrly NIM 749 754 +0.7% 2.48% 2.45% 2.45% 2.41% 2.28% 2.29% 2.28% 2.45% 2.46% 2.42% 44.3 2.28% 40.8 2.29% 2.28% 2.26% 259 252 254 3Q 2025 2Q 2
Slide 11: Operating Performance 9M 2026
PUBLIC Operating Performance 9M 2026 Operating Expenses (KDm) Provisions and Impairments (KDm) Staff expenses Other operating expenses Prov chg for credit losses Other impairment losses 380 365 24 176 +4.3% 22 166 18 12 2 32 22 15 5 9 (0) 3 (8) 124 126 127 (25) 57 58 60 199 204 20 68 68 67 3Q 2025 2
Slide 12: Operating Performance 9M 2026
PUBLIC Operating Performance 9M 2026 Total Assets (KDbn) Total Liabilities (KDbn) Cash & Deposits with banks Loans Financial Investments* Others Customer Deposits Due to banks Deposits from other FIs CD's / Other borrowed funds Other Liabilities 44.9 45.6 46.9 39.4 40.0 41.4 4% 4% 5% 21% 22% 23% 10%
Slide 13: Performance and Asset Quality Ratios 9M 2026
PUBLIC Performance and Asset Quality Ratios 9M 2026 Return on Average Equity & Return on Average Assets Cost to Income Ratio ROAE ROAA 14.5% 38.4% 13.9% 37.8% 13.4% 37.6% 1.47% 1.39% 1.33% Sep 25 Dec 25 Sep 26 9M 2025 FY 2025 9M 2026 Capital Adequacy Ratios Asset Quality Ratios CET 1 Ratio Tier 1 Ra
Slide 14: 2026 Guidance
PUBLIC 2026 Guidance FY 2025 9M 2026 2026 Guidance v/s 2025 Loan Growth (ytd) +13.1% +5.1% Mid to High Single Digit NIM 2.41% 2.28% Contracting Cost to Income ratio 38.4% 37.8% Below 40% Cost of Risk 15bps 15bps Normalised c.40bps Earnings (yoy) -4.1% +3.1% Capital Adequacy 17.0% 15.9% National Bank
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 9M 2025 9M 2026 YoY Growth (%) Interest Income 1,372 1,379 1% Interest Expense 785 792 1% Net Interest Income 587 587 0% Murabaha and other Islamic financing income 370 381 3% Finance cost and distribution to depositors 208 214 3% Net Income from Isl
Slide 17: Consolidated Statement Of Financial Position (KDm)
PUBLIC Consolidated Statement Of Financial Position (KDm) KDm Sep-2025 Sep-2026 YoY Growth % Cash and short term funds 6,029 5,031 (17%) Central Bank of Kuwait bonds 33 - # Kuwait Government treasury bonds 385 1,868 # Deposits with banks 1,670 721 (57%) Loans, advances and Islamic financing to custo
Slide 18: Performance Measures 9M 2026
Performance Measures 9M 2026 September-2025 September-2026 Return on Average Assets 1.47% 1.39% Return on Average Equity 14.5% 13.9% Net Interest Margin 2.45% 2.28% Cost to Income 37.6% 37.8% NPLs to Gross Loans 1.37% 1.29% Loan Loss Reserves to NPLs 241% 236% CET 1 Ratio 12.4% 12.8% 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: [email protected] 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 2026 Earnings Call
PUBLIC National Bank of Kuwait Investor Presentation 3Q/9M 2026 Earnings Call National Bank of Kuwait 23
National Bank of Kuwait — Q3 2026 Earnings Presentation on 6ix