About National Bank of Kuwait S.A.K.P.

National Bank of Kuwait S.A.K.P., together with its subsidiaries, provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait and internationally. The company will continue to build on its foundations to drive sustainable growth, support economic development, create maximum value for all stakeholders, and remain committed to setting the standards for responsible banking in the region. The company focuses its operations and initiatives on a wide range of customer types, across local and international markets, to build a suite of products and services that will meet and exceed their expectations. The business model strives to deliver value to all key stakeholders - from customers and employees to the local community, regulators, and shareholders. The company is embracing the changing business environment and evolving customer demands resulting from technological advances by launching a digital transformation plan. The company has established itself as Kuwait's leading financial institution, extending its franchise across the Middle East and beyond, to global markets. NBK has various branches in 13 countries across 4 continents. The company has a reputation for experienced and stable management, with a clear strategy for strengthening its core business and expanding into new segments and markets. It has consistently achieved a highly competitive level of profitability, leading to robust shareholder returns, supported by high quality assets and a strong level of capitalization. The company offers customers a comprehensive range of financial products and investment services, with solutions for individuals, corporates, and financial institutions. The company is Kuwait's leading conventional banking Group in terms of assets, customer deposits, and customer loans and advance. The company's core business of retail and wholesale banking in Kuwait makes up about two thirds of the Group's bottom line. As the conventional market leader, the company pursues a defensive strategy in Kuwait across its business lines, while continuing with its digital transformation to deliver the best experience on a protracted basis to customers, with a focus on customer facing initiatives to enhance all touchpoints; internal initiatives to transform processes at the backend, so that it can deliver against the customer promise; and building digital culture and execution capacity. The company pursues diversification beyond the core, through growth in Islamic banking within and outside of Kuwait, through its subsidiary Boubyan Bank; continuous expansion of its presence and customer base in MENA; and building a global network facilitating its customers' trade, investment and wider banking needs. The company's Business Diversification Program leverages digital disruption outside the core by scaling up its Islamic franchise with a digital-enabled approach; building a disruptive digital proposition in regional markets; transforming its retail franchise in Egypt with enhanced digital capabilities; and 4. building a regional powerhouse for wealth management. With an international footprint, the company's operational focus is on the Middle East and North Africa ('MENA') region. The company also has presence in China, France, Singapore, Switzerland, the United Kingdom, and the United States. Segments The company operates through Consumer and Private Banking, Corporate Banking, Investment Banking and Asset Management, Islamic Banking, Group Centre, and International segments. Consumer and Private Banking Consumer Banking provides a diversified range of products and services to individuals. The range includes consumer loans, credit cards, deposits, foreign exchange and other branch related services. Private Banking provides a comprehensive range of customized and innovative banking services to high net worth individuals and to institutional clients. Corporate Banking Corporate Banking provides a comprehensive product and service offering to business and corporate customers, including lending, deposits, trade finance, foreign exchange and advisory services. Investment Banking and Asset Management Investment Banking provides a full range of capital market advisory and execution services. The activities of Asset Management include wealth management, asset management, custody, brokerage and research. Islamic Banking Islamic banking represents the financial results of Boubyan Bank K.S.C.P., and its subsidiaries. Group Centre Group Centre includes treasury, investments, and other defined Group activities. Treasury provides a comprehensive range of treasury services and products to its clients, and is also responsible for the company's liquidity and market risk management. Group Centre includes any residual in respect of transfer pricing and inter segment allocations. International International includes all branches, subsidiaries and associates outside the state of Kuwait. History National Bank of Kuwait S.A.K.P. was founded in 1952. The company was incorporated in 1952.