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NCB Investor Relations | 2Q 2020 Investor Presentation
Investor Presentation
The National Commercial Bank
2Q 2020 Results
NCB Investor Relations | 2Q 2020 Investor Presentation
Investor Presentation Content
2
Page 4 Operating Environment
Page 7 Strategy Overview
Page 8 Financial Results Highlights
Page 16 Financial Results Details
Page 3 NCB at a glance Page 30 Segmental Review
Page 37 Additional Information
NCB Investor Relations | 2Q 2020 Investor Presentation
28%
51%66%
0
0
1
1
1
2018 2019 1H 20
Digital Sales Penetration
NCB at a glance NCB is the leading bank in Saudi Arabia
3
*Includes Alahli Esnad (1,891 employees) - fully owned subsidiary engaged in outsourcing and manpower services in KSA
Employees*
13,283Assets
SAR557 bn
Deposits
SAR380 bn
Market Cap
SAR112 bn
NCB Group Presence NCB's business model delivers diversified operating income(FY 2019)
Customers & Digitization Strong Credit Ratings
Operating Income
SAR20.6bn
Net Income
SAR11.4 bn
C/I Ratio
30.7%
ROE
18.4 %
CoR
0.51%
10.1bn49%
RETAIL
4.4bn21%
CORPORATE
3.9bn19%
TREASURY
SAR 20.6bn89%
NCB
1.5bn7%
International
0.8bn4%
Capital Markets
Clients
8mn
Digital Financial Transactions
>98%
Robotics
+75 bots
NCB Long term Short Term Outlook
S&P BBB+ A-2 StableFitch A- F1 NegativeMoody’s* A1 P-1 NegativeCapital Intelligence A+ A1 Stable
Government of Saudi Arabia
S&P A- StableFitch A NegativeMoody’s A1 NegativeCapital Intelligence A+ Stable
International: Subsidiary in TurkeyTürkiye Finans Katılım Bankası (TFKB)310 branches, 624 ATMs3,581 employees
Offices in Seoul & Shanghai
Wholesale branches in Bahrain & Singapore
NCB GroupHeadquartered in Saudi Arabia
458 branches, 3,611 ATMs138 Remittance centers
9,453 Employees
NCB CapitalSaudi Arabia
22 Branches249 Employees
19%
71%87%
0
0
1
1
1
1
2018 2019 1H 20
Digital Account Opening
NCB Investor Relations | 2Q 2020 Investor Presentation
Key Government Support
Operating Environment Banking sector impacted by Covid-19 measures, oil market, interest rates and contraction in GDP
4
Source: IMF, Opec, Ministry of Finance, SAMA and Social Development Bank (IMF projections based on June 2020 WEO)
1.7%
-0.7%
2.4%
0.3%
-6.8%
3.4% 3.9% 3.6% 2.9%
-4.9%
1.7%2.5%
2.2%1.7%
-8.0%-9.0%
-7.0%
-5.0%
-3.0%
-1.0%
1.0%
3.0%
5.0%
0
0
0
0
0
0
0
0
0
2016 2017 2018 2019 2020F
Real GDP Growth
KSA World Advanced Economies
9.210.5 10.0 10.3 9.8
40.952.4
70.1 64.5
40.00.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
0
5
10
15
20
25
2016 2017 2018 2019 2020F
Oil Production
Oil Production (Mb/d) Average Oil Price (USD)
1.89%
0.99%1.78%
0.30%
(0)
(0)
0
0
0
0
0
0
0
0
Interbank Rates (%)
3M SAR SAIBOR 3M USD LIBOR
> SAR 224bn
NCB Response Compliant with SAMA Measures
Government Response Key Government Measures
Healthcare
Containment & Treatment
Government Debt to GDP Ceiling
Up to 50%
Expenditure Rationalization
Opex & Capex
VAT increases to
15%
POS & e-commerce Fees
SAR0.8 bn
Loan Guarantee Program
SAR6 bn
Funding for Lending Program
SAR13.2 bn
Deferred Payment Program
SAR50.3 bn
SAMA - PSFP SAR 70.3bn
Deferrals and Exemptions
SAR43 bn
SDB: SMEs & Families
SAR12 bn
Healthcare sector support
SAR47 bn
Private Sector Support
SAR70 bn
Serving our Customers
Cash availability acrossATMs, branches & remittance centers
100%
Digital channel availability
99.7%
Digital account opening
87%
BranchesOperational
100%
NCB Investor Relations | 2Q 2020 Investor Presentation
Retail42%
Corporate25%
Treasury27%
Capital Markets4%
International2%
FY 19 Net Income Before Zakat & Income Tax (SARbn)
17.2%
19.2%20.0%
20.6%
18.7%
15.1%
16.9%17.7%
18.5%18.0%
13.5%
15.3% 15.7%16.6% 16.2%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
22.0%
2015 2016 2017 2018 2019
Capital Ratios (%)
TC ratio T1 ratio CET1 ratio
152.3%172.5% 177.3% 176.0% 168.9%
10.0%
60.0%
110.0%
160.0%
210.0%
2015 2016 2017 2018 2019
LCR Ratio (%)
NCB Strong Track Record Resilience against the challenging environment
5
136.0%119.0%
128.0% 124.4%
78.1% 80.3% 80.7% 83.2% 79.9%
10.0%
30.0%
50.0%
70.0%
90.0%
110.0%
130.0%
150.0%
2015 2016 2017 2018 2019
LTD and NSFR Ratios (%)
NSFR (%) Financing to customers' deposit ratio
10.8 12.9
0
2
4
6
8
10
12
14
16
18
FY 18 FY 19
NCB Investor Relations | 2Q 2020 Investor Presentation
KSA Total Market NCB Market Share in SARbn NCB Market Share in % Rank KSA
Overall banking (Assets)
SAR 2,633 bn 21.2% #1
Corporate banking (Performing Financing)
SAR 975 bn 14.4% #1
Retail banking(Performing Financing)
SAR 607 bn 23.0% #2
Treasury(Investments)
SAR 590bn 24.8% #1
Asset Management (AUMs)
SAR 516bn 31.3% #1
Brokerage(Value Traded)
SAR 569bn 12.8% #2
Leading, diversified franchise NCB Market Position as of 2Q 2020
6
557
140
140
146
161
146
2,076
835
467
444
355
423
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
NCB Investor Relations | 2Q 2020 Investor Presentation
2020 Strategy Progress Accelerated focus on Retail & Digital
7
Stra
tegi
cEn
able
rs
Digital Productivity
Accelerate digital transformation Increase Operational Efficiency
Digital sales Advanced analytics
Lean distribution Robotics & AI
1H 2020 Update
Digital Transactors (% of total base): 72.8% Digital Account Opening: 87.2%
NCB 1H20 C/I 31% (NCB Group 32%) 130 bots (+75 YTD) 333 self-service kiosks (+22 YTD)
Funding
Current Accounts Wholesale Funding
Grow Current Accounts
Expand Funding Options
Digital & physical distribution
Cash management Customer coverage
models
Programs across maturity and seniority spectrums
Mix and cost optimization
1H 2020 Update CASA +17% YTD Affluent Banking
proposition enhancements
SAR 5bn long-term diversified funding YTD
SAR 4.2bn T1 Sukuk issued & SAR 1bn Sukuk redemption
Asset Deployment
Retail Corporate Treasury Subsidiaries
Grow Mortgages Improve Returns Sustain Investment Returns
Grow Value Contribution
Sales channels Digitization
Mega financing SME Transaction banking
Recurring revenues Portfolio liquidity &
quality
Key business lines Efficiency &
productivity
1H 2020 Update +42% Mortgage
growth SAR 52bn Mortgage
balance
1Q 2020 Update +9% Financing
growth Cash Mgmt Coverage
up. POS M.S. +1.6ppts
1Q 2020 Update +16% 2Q 2020 NSCI Stable 172% LCR,
>85% IG portfolio
1Q 2020 Update TFKB 1H NI +97%
(TRY), C/I 40.5% YTD NCBC 1H NI +31% YoY,
CI 33% YTD
NCB Investor Relations | 2Q 2020 Investor Presentation
FINANCIAL RESULTS HIGHLIGHTS
2Q 2020 Results
NCB Investor Relations | 2Q 2020 Investor Presentation
5,461233
(164)
61
(754) (16)
133
(32)
4,922
-10%
0.00
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
7,000.00
8,000.00
1H 19 NSCI Fee &Other
Income
Expenses Impair-ments*
OtherNon-
Operating
Zakat &Tax
Minorities 1H 20
Net Income after Zakat and Income Tax attributed to Equity Holders (SARmn)
Balance Sheet
Asset Quality, Capital & Liquidity
Financial Results Update 1H 2020 Results highlights
9
Financing (SARbn) Deposits (SARbn)
353 380
+8%
0
100
200
300
400
500
600
700
800
4Q 19 2Q 20
282316
+12%
0
100
200
300
400
500
600
4Q 19 2Q 20
* Impairments include impairment charges for financing and investments
NPL & COR (%) CET1 and LTD (%)
1.8% 1.8%
0.5%
0.8%
-0.1%
0.1%
0.3%
0.5%
0.7%
0.9%
1.1%
1.3%
1.5%
0
0
0
0
0
0
4Q 19 2Q 20
NPL ratio CoR YTD
16.2% 15.6%
80% 83%
20%
30%
40%
50%
60%
70%
80%
90%
0
0
0
0
0
0
0
0
4Q 19 2Q 20
CET1 LTD
NCB Investor Relations | 2Q 2020 Investor Presentation
Income Statement 1H 2020 SAR 4.9bn NI down 10%YoY impacted by fee and other income and higher credit costs due to challenging operating environment and Covid-19
10
Profitability Trends
SAR (mn) 2Q 2020 1Q 2020 2Q 2019 YoY % change 1H 2020 1H 2019 YoY % change
Net special commission income 3,882 4,013 3,907 -1% 7,895 7,662 +3%Fee and other income 884 1,292 1,143 -23% 2,176 2,340 -7%Total operating income 4,766 5,305 5,050 -6% 10,071 10,001 +1%Operating expenses (1,530) (1,692) (1,666) -8% (3,221) (3,282) -2%Total impairment charge (828) (396) (325) +155% (1,224) (470) +160%Income from operations, net 2,408 3,218 3,060 -21% 5,626 6,249 -10%Net income before Zakat and income tax 2,388 3,211 3,047 -22% 5,599 6,239 -10%Zakat and Income Tax (260) (340) (338) -23% (600) (732) -18%Net income for the period after Zakat and income tax attributable to equity holders* 2,088 2,834 2,686 -22% 4,922 5,461 -10%
4,697 4,635 5,161 4,830 4,312
354 381 429 475 4535,050 5,016 5,590 5,305 4,766
-6%
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Total Operating Income (SARmn)
International
Domestic
2,600 2,600 3,206 2,691 1,92886
(49)
184144 160
2,686 2,5513,390 2,834
2,088
-22%
(200)
1,800
3,800
5,800
7,800
9,800
11,800
2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Net income for the period after Zakat and income tax attributable to equity holders (SARmn)
International
Domestic
* 1H 2020 Dividend deferred; retaining capital in an uncertain environment and preserving capacity to support lending activities
NCB Investor Relations | 2Q 2020 Investor Presentation
Balance Sheet 10% YTD increase in total assets from growth in financing and investments
Domestic Deposits93%
International Deposits7%
Customers' Deposits Mix (SARbn)
353 380
0
100
200
300
400
500
4Q 19 2Q 20
11
Balance Sheet
SAR (mn) 2Q 2020 1Q 2020 2Q 2019 YoY % change FY 2019 YTD % change
Cash & banks 52,510 53,850 45,621 +15% 61,948 -15%Investments, net 146,306 133,000 126,630 +16% 134,077 +9%Financing and advances, net 316,299 305,214 274,830 +15% 282,289 +12%Total assets 557,310 535,007 476,588 +17% 507,264 +10%Due to banks and other financial institutions 74,083 63,323 61,594 +20% 62,186 +19%Customers' deposits 380,398 375,241 327,438 +16% 353,389 +8%Debt securities issued 696 565 1,865 -63% 1,016 -31%Total liabilities 483,375 470,027 409,476 +18% 437,476 +10%Common equity 62,888 57,159 59,248 +6% 61,888 +2%Total equity 73,935 64,979 67,112 +10% 69,788 +6%
133 137 127 138 139
111 112 124 131 13912 12 11 17 1520 19 20 20 23275 281 282 305 316
+12%
0
100
200
300
400
500
600
700
800
2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Financing & Advances, net (SARbn)
Corporate Consumer and credit card Others International
240 255 251 290 294
73 73 90 72 7214 12 13 13 14327 340 353 375 380
+8%
0
100
200
300
400
500
600
700
800
900
2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Customers' Deposits (SARbn)
CASA Time Others
NCB Investor Relations | 2Q 2020 Investor Presentation
Retail48%
Corporate14%
Treasury27%
Capital Markets6%
International5%
1H 20 Net Income Before Zakat & Income Tax (SARbn)
Retail62%
Corporate4%
Treasury21%
Capital Markets6%
International7%
2Q 20 Net Income Before Zakat & Income Tax (SARbn)
Segmental Information (1/3) 1H 2020 total net income before zakat and income tax impacted by decline in Corporate and Treasury
12
6,239382
(805)(430)
68 145 5,599
0
1,000
2,000
3,000
4,000
5,000
6,000
1H 19 Retail Corporate Treasury CapitalMarkets
International 1H 20
1H 20 Net Income Before Zakat & Income Tax Movement (SARmn)
3,047337
(597)
(473)
1 74 2,388
0
500
1,000
1,500
2,000
2,500
3,000
3,500
2Q 19 Retail Corporate Treasury CapitalMarkets
International 2Q 20
2Q 20 Net Income Before Zakat & Income Tax Movement (SARmn)
6.2 5.6
0
1
2
3
4
5
6
7
8
9
10
1H 19 1H 20
3.02.4
0
1
1
2
2
3
3
4
4
5
2Q 19 2Q 20
NCB Investor Relations | 2Q 2020 Investor Presentation
Retail53%
Corporate20%
Treasury13%
Capital Markets5%
International9%
2Q 20 Total Operating Income (SARbn)
Retail48%
Corporate20%
Treasury18%
Capital Markets5%
International9%
1H 20 Total Operating Income (SARbn)
Segmental Information (2/3) 1H 2020 total operating income impacted by decline in Corporate and Treasury
13
10,001 220
(70) (429)
71 277 10,071
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
1H 19 Retail Corporate Treasury CapitalMarkets
International 1H 20
1H 20 Total Operating Income Movement (SARmn)
5,050140
(25)
(503)
3100 4,766
0
200
400
600
800
1,000
1,200
1,400
2Q 19 Retail Corporate Treasury CapitalMarkets
International 2Q 20
2Q 20 Total Operating Income Movement (SARmn)
10.0 10.1
0
2
4
6
8
10
12
14
1H 19 1H 20
5.1 4.8
0
1
2
3
4
5
6
7
2Q 19 2Q 20
NCB Investor Relations | 2Q 2020 Investor Presentation
Segmental Information (3/3) 2Q 2020 Asset growth across all segments
Management Commentary
YTD 2020 Total Assets increased by 10% due to higher financing (+12%) and investments (+9%).
Total Financing increased by 12%: Retail increased by 12%, Corporate by 9% and FI by 19%.
Customers’ deposits increased by 8% from Corporate and International segments offsetting the modest decline in Retail and others (Treasury) segments.
CASA balances at 77% of total deposits at 2Q 2020 compared with 71% at 4Q 2019.
154 163 170133 142 146185 194 2022 2 2
33 3437507 535 557
+10%
0
100
200
300
400
500
600
700
800
900
1,000
4Q 19 1Q 20 2Q 20
Total Assets (SARbn)
RetailCorporateTreasuryCapital MarketsInternational
14
231 226 224
84 113 12613 9 226 27 28353 375 380
+8%
0
100
200
300
400
500
600
700
4Q 19 1Q 20 2Q 20
Customers' Deposits (SARbn)
RetailCorporateOthersInternational
124 131 139127 138 13920 20 23
11 17 15282 305 316
+12%
0
100
200
300
400
500
600
700
4Q 19 1Q 20 2Q 20
Financing and Advances, net (SARbn)
Consumer and credit cardCorporateInternationalOther
NCB Investor Relations | 2Q 2020 Investor Presentation
2020 Guidance Financing guidance revised upwards; Possibility of varied outcomes persists
15
Macroeconomic Indicator Sources: IMF, Opec (June 2020)
Macro-Economic Outlook
2020 Original Outlook 2020 Expected Outlook
Oil Price USD 60 / bbl USD 40 / bbl
US Fed Rates Stable Stable rest of 2020
GDP Growth Real GDP 2.3% Real GDP -6.8%
Fiscal Balance Deficit 6.4% of GDP Deficit 11.4% of GDP
Inflation 2.0% 0.9%
NCB Financial Guidance
FY 2019 Reported
2Q 2020 Reported
FY 2020 Guidance
FY 2020 Outlook
Financing Growth +6.5% +12% +8% - 10% Revised+12%-14%
NSCI Margin 3.77% 3.46% 3.40% - 3.60% Within Guidance
Cost to Income 30.7% 32.0% Below 33% Within Guidance
Cost of Risk 0.51% 0.82% 0.8% - 1.0% Within Guidance
Tier 1 CAR 18.0% 18.0% 16% - 18% Within Guidance
NCB Investor Relations | 2Q 2020 Investor Presentation
FINANCIAL RESULTS DETAILS
2Q 2020 Results
NCB Investor Relations | 2Q 2020 Investor Presentation
10.00 0.13
(0.34)
0.28 10.07
9.14
0.93
9.35
0.65
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
1H 19 NSCI Fee and otherincome
InternationalNOR
1H 20
1H 20 Total Operating Income Movement (SARbn)
Management Commentary
1H 2020 Total operating income increased 1% YoY from a 2% improvement in net special commission income offset by 15% lower fee and other income.
International operating income increased by 43% boosted by core banking activity.
Operating Income Highlights 1H 2020 total operating income increased from improved NSCI offset by lower fee and other income
17
3.91 4.01 3.88
1.14 1.29 0.885.05 5.31 4.77
-6%
0
2
4
6
8
10
12
14
16
18
2Q 19 1Q 20 2Q 20
Total Operating Income (SARbn)
Fee and other income
Net special commission income
7.66 7.89
2.34 2.1810.00 10.07
+1%
0
5
10
15
20
25
1H 19 1H 20
5.05
(0.03)(0.35)
0.10 4.77
4.31
0.45
4.70
0.35
0
1
1
2
2
3
3
4
4
5
2Q 19 NSCI Fee and otherincome
InternationalNOR
2Q 20
2Q 20 Total Operating Income Movement (SARbn)
Domestic
Intl.
Domestic
Intl.
NCB Investor Relations | 2Q 2020 Investor Presentation
Net special commission income 1H 2020 net special commission income grew by 3% YoY; Margin impacted by lower rate environment
18
1.28% 1.26% 1.20%0.85% 0.76%
3.68% 3.68% 3.69% 3.53% 3.42%
0
0
0
0
0
0
0
0
0
0
1H 19 9M 19 FY 19 1Q 20 1H 20
Commission Yield & Funding Cost (%)
COF Commission Yield
7,662 104
(38)
452
(524)
144 104
(11)
7,895
+3%
3.77% +4 bps -40 bps +3 bps -12 bps +11 bps +2 bps -0 bps +1 bps 3.46%
2
-
1,000
2,000
3,000
4,000
5,000
6,000
1H 19 Retail Corporate Other Investments Depositmix &cost
Wholesalefunding
Other International 1H 20
Movement in Net Special Commission Income (SARmn) & NSCI Margin (%)
Financing Mix & Yield+SAR 31mn
Guidance
3.40%-3.60%
3.75% 3.73% 3.74%
3.51% 3.39%
3.77%3.75% 3.77%
3.59%3.46%
3.97%
4.15% 4.22%
4.72%
4.36%
0
0
0
0
0
0
0
0
0
1H 19 9M 19 FY 19 1Q 20 1H 20
Net Special Commission Margin (%)
Domestic Group International
NCB Investor Relations | 2Q 2020 Investor Presentation
81
254
2,340
(46) (26)
106
(16)
26101
(273) (35)
2,176
1,9222,259
-7%
0
500
1,000
1,500
2,000
2,500
3,000
1H 19 Finance&
lending
Tradefinance
Inv. mgt.&
brokerage
Creditcards
Others ExchangeIncome
Investment-relatedincome
Otheroperatingexpenses
1H 20
1H 20 Fee and other Income Movement (SARmn)
Fee and other income 1H 2020 fee and other income decline due to lower investment related income and fee waivers; partly offset from FX and investment management fees
19
615 624 628290 314 316
332 49020
(94) (136) (80)
1,143 1,292884
-23%
(400)
100
600
1,100
1,600
2,100
2,600
2Q 19 1Q 20 2Q 20
Fee and Other Income (SARmn)
Other operating income (expenses), netInvestment-related incomeExchange Income, netFee income from banking services, net
Management Commentary
1H 2020 Fee and other income declined by 7% YoY due to 35% lower investment-related income, partly offset by 19% growth in exchange income and 4% growth in fee income from banking services.
Fees from Banking Services+SAR 44mn (+4%) Domestic
International
NCB Investor Relations | 2Q 2020 Investor Presentation
3,282
(32) (19)
11
(21)
3,221
2,837
384
2,915
367
-2%
(500)
500
1,500
2,500
3,500
4,500
5,500
1H 19 Employee-related
Rent &premises
Depreciation &amortization
Other G&A 1H 20
1H 20 Operating Expenses Movement (SARmn)
Management Commentary
1H 2020 Expenses declined by 2% YoY,
1H 2020 Cost to income ratio was 32.0%, lower by 83bps compared to 1H 2019.
The cost base decrease was driven by lower operational, marketing and travel expenses due to lockdown.
Expense Highlights Lower operating expenses due to lockdown
20
892 908 85986 83 75
215 226 213473 475 383
1,666 1,692 1,530
-8%
0
500
1,000
1,500
2,000
2,500
3,000
2Q 19 1Q 20 2Q 20
Operating Expenses (SARmn)
Employee-relatedRent & premisesDepreciation & amortizationOther G&A
32.8% 32.5%
30.7%
31.9% 32.0%
31.2% 31.0%
29.3%
30.9% 31.0%
0
0
0
0
0
0
0
0
1H 19 9M 19 FY 19 1Q 20 1H 20
Cost to Income Ratio (YTD %)
Group (%) Excluding International (%)
Domestic
Intl.
Guidance
< 33%
NCB Investor Relations | 2Q 2020 Investor Presentation
Retail31%
Corporate26%
Treasury36%
Capital Markets1%
International7%
Total Assets by Segment (SARbn)
Management Commentary
Total assets increased 10% due to increase in financing, investments and other assets, partly offset by decline in cash, bank and SAMA balances due to redeployment of reverse repo balances held with SAMA for liquidity management in 4Q 2019.
12% Financing increase primarily driven by increase in domestic and international financing, despite International financing being impacted by Turkish Lira depreciation.
Other assets increased 46% primarily from an increase in positive fair value of derivatives.
Asset Highlights and Composition
10% growth in balance sheet as a result of increase in financing and investments
21
282 305 316
134 133 14662 54 5329 43 42507 535 557
+10%
0
100
200
300
400
500
600
700
800
900
1,000
4Q 19 1Q 20 2Q 20
Total Assets (SARbn)
Financing and Advances, netInvestments, netCash, bank and SAMA balancesOther assets, net
507 557
0
100
200
300
400
500
600
4Q 19 2Q 20
507.334.0 12.2
(9.4)
13.2 557.3
+10%
(30.00)
20.00
70.00
120.00
170.00
220.00
270.00
320.00
370.00
4Q 19 Financing andAdvances
Invest-ments
Cash,Bank &SAMA
Other assets 2Q 20
Movement in Total Assets (SARbn)
NCB Investor Relations | 2Q 2020 Investor Presentation
Consumer financing & credit cards
45%
Commerce13%
Manufacturing10%
Services10%
Utilities & health6%
Building & construction4%
Others, across 6 sectors12%
Financing and Advances, net by Economic Sector (SARbn)
124 131 139
127 138 13920 20 231117 15282 305 316
+12%
0
100
200
300
400
500
600
4Q 19 1Q 20 2Q 20
Financing and Advances, net (SARbn)
Consumer and credit cardCorporateInternationalOther
Management Commentary
Financing grew for Retail (+12%) on the back of mortgages (+42%), Corporate (+9%), International (+19%) and FI (+36%) portfolios from 4Q 2019.
Corporate segment increased 9% mainly during 1Q 2020 from underwriting a few large high-quality transactions that were in pipeline from previous quarters.
International financing increased 19% from 37% growth in local currency, partly offset by the weakened Turkish Lira -18%.
Financing and Advances 12% financing growth driven by strong Retail mortgages, Corporate, FI and International
22
Retail
+SAR 15bn (+12%)
282 316
0
50
100
150
200
250
300
350
400
4Q 19 2Q 20
282.3
15.4
(0.4)
11.3 4.1 3.8 316.3
+12%
0
20
40
60
80
100
120
4Q 19 Mortgages Other Corporate FI Inter-national
2Q 20
Movement in Financing (SARbn)
Guidance
+12%-14%
NCB Investor Relations | 2Q 2020 Investor Presentation
5.33 0.13 0.63
(0.18)
5.91
+11%
-
2
4
6
8
10
12
4Q 19 Retail Corporate International 2Q 20
Movement in NPLs (SARbn)
Financing and Advances Credit Quality (1/2)
YTD NPLs rose by 11% primarily on Corporate from Covid-19, while NPL coverage remained stable
23
Domestic
+SAR 77mn (+21%)
5.330.36
0.20 5.910.03
(0.07)
0.05
0
1
1
2
2
3
3
4
4Q 19 Commerce Consumer Building &construction
Manu-facturing
Others 2Q 20
Movement NPLs by Economic Sector (SARbn)
278%258%
277%
242%
221%
141%
151% 152% 146% 150%
81%
56% 62%71%
75%
145%
133% 138% 140%
141%
0
1
1
2
2
3
2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
NPL Coverage Ratios (%)
Retail Corporate International Group NPL coverage ratio
0.5%0.6% 0.5% 0.5%
0.5%
2.4% 2.1% 2.3% 2.3%2.6%
5.5%
9.2%8.2%
6.9%
6.1%
1.8% 1.9% 1.8% 1.7%1.8%
(0)
0
0
0
0
0
2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
NPL Ratios (%)
Retail Corporate International Group NPL Ratio
NCB Investor Relations | 2Q 2020 Investor Presentation
34
(10)
5
49 6 1
(2)
82
+48 bps
(10)
10
30
50
70
90
110
130
1H 19 Impairments Recoveries& Other
Impairments Recoveries& Other
Other International 1H 20
Movement in Cost of Risk (bps)
Corporate
+47 bps
472
(102)
42
768 107 13
(41)
1,258
+166%
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
1H 19 Impairments Recoveries& Other
Impairments Recoveries& Other
Other International 1H 20
Movement in Impairments (SARmn)
Financing and Advances Credit Quality (2/2)
Increase in impairments and cost of risk from Covid-19 related adjustments and impacts
24
Retail
-5 bps
Corporate
+SAR 727mn
Retail
-SAR 60mn
0.3% 0.4% 0.4% 0.4%
0.7%
1.4%
2.5%2.2%
2.7%
2.3%
0.3%
0.5% 0.5% 0.6% 0.8%
(0)
(0)
0
0
0
0
1H 19 9M 19 FY 19 1Q 20 1H 20
CoR Ratios (%)
Domestic International Group CoR ratio
0.5%0.5%
0.4%0.3%
0.3%
0.1%
0.3%0.4% 0.4%
1.1%
0.3%
0.5% 0.5% 0.6%0.8%
(0)
1H 19 9M 19 FY 19 1Q 20 1H 20
CoR Ratios (%)
Retail Corporate Group CoR ratio
Guidance
80-100
NCB Investor Relations | 2Q 2020 Investor Presentation
Investments Investments portfolio increased 9% from growth in SGBs and high-quality securities
25
Saudi Government securities50%
Other investment grade35%
Non-investment grade8%
Equity & others7%
Investments by Credit Grade (SARbn)
134 146
0
20
40
60
80
100
120
140
160
4Q 19 2Q 20
Saudi Arabia65%
GCC and Middle East11%
Europe1%
Turkey5%
Other countries18%
Investments by Geography (SARbn)
134 146
0
20
40
60
80
100
120
140
160
4Q 19 2Q 20
85 83 74
39 41 519 9 12
134 133 146
+9%
0
50
100
150
200
250
4Q 19 1Q 20 2Q 20
Investments (SARbn)
Equity instruments, Mutual Funds, Hedge Funds and OthersFloating rate securitiesFixed rate securities
134.1 4.6 4.0 3.7
(0.1)
146.3
+9%
0
20
40
60
80
100
120
140
4Q 19 SaudiGovernmentsecurities
Otherinvestment
grade
Non-investment
grade
Equity & others 2Q 20
Movement in Investments (SARbn)
NCB Investor Relations | 2Q 2020 Investor Presentation
Due to banks and other financial institutions
14%
Customers' deposits68%
Other liabilities5%
Total equity13%
Funding Mix (SARbn)
Management Commentary
10% increase in funding mainly from growth in deposits and increase other liabilities.
Customers’ deposits increased by 8% mainly driven by CASA deposits (+17%).
Other liabilities increase attributable to negative fair value of derivatives by SAR 6.1 bn resulting from change in the interest rate environment.
Funding Balance sheet growth funded by growth in CASA deposits, interbank balances and other liabilities
26
353 375 380
62 63 741 1 121 31 28
70 65 74507 535 557
+10%
0
100
200
300
400
500
600
700
800
900
1,000
4Q 19 1Q 20 2Q 20
Funding (SARbn)
Total equity Other liabilities
Debt securities issued Due to banks and other financial institutions
Customers' deposits
507 557
0
100
200
300
400
500
600
4Q 19 2Q 20
507.3 27.0 11.9
(0.3)
7.3 4.1 557.3
+10%
0
100
200
300
400
500
600
700
4Q 19 Customers'deposits
Interbank Debt Otherliabilities
Total equity 2Q 20
Movement in Funding (SARbn)
NCB Investor Relations | 2Q 2020 Investor Presentation
353.439.3
(16.1)
1.1 3.7
(1.5)
0.5
+8%
380.4
0
100
200
300
400
500
600
4Q 19 CASA Time Others CASA Time Others 2Q 20
Movement in Customers' Deposits (SARbn)
CASA77%
Time19%
Others4%
Customers' Deposits Mix (SARbn)
Management Commentary
Customers’ deposits increased by 8%, mainly from 17% increase in CASA deposits.
Increase in CASA deposits boosted by focus on strengthening affluent proposition, digital account opening and cash management; as well as lower time deposits from lower rates.
CASA balances account for 77% of customers’ deposits compared to 71% at 4Q 2019.
Deposits Customers’ deposits increased 8%, mainly from CASA deposits
27
353 380
0
50
100
150
200
250
300
350
400
450
500
4Q 19 2Q 20
Domestic Deposits
+SAR 24.2bn (+7%)
International Deposits
+SAR 2.8bn (+11%)
241 278 2819
12 1374 58 5816 14 1413 13 14353 375 380
+8%
0
100
200
300
400
500
600
700
4Q 19 1Q 20 2Q 20
Customers' Deposits (SARbn)
CASA - DomesticCASA - InternationalTime - DomesticTime - InternationalOthers
NCB Investor Relations | 2Q 2020 Investor Presentation
Liquidity NCB maintained a strong and stable liquidity profile
28
Management Commentary
As at 2Q 2020, the financing to customers’ deposit ratio was 83.1% and the regulatory LDR ratio was comfortably below SAMA limit.
NSFR was 120.0% at 2Q 2020 relative to 124.4% at 4Q 2019.
The average quarterly LCR was comfortable at 165.0% in 2Q 2020 compared to 168.9% in 4Q 2019.
Basel III leverage ratio was 12.4% as at 2Q 2020 relative to 12.8% at 4Q 2019.
* Headline ratio, which does not equate to SAMA regulatory LDR ratio
92 92 99 113 112
50 53 59 64 68
185.5%173.2% 168.9% 176.1%
165.0%
(5)
15
35
55
75
95
115
135
1
1
1
1
1
2
2
2
2
2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
LCR Ratio (%)
HQLA (SARbn)Net cash outflows (SARbn)LCR
330 334 343 362 384
263 271 275 309 319
125.5% 123.2% 124.4%117.1% 120.0%
(20)
80
180
280
380
480
580
1
1
1
1
1
1
1
1
1
1
2
2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
NSFR Ratio (%)
Available stable funding (SARbn)Required stable funding (SARbn)NSFR
13.0% 12.6% 12.8% 11.4% 12.4%
83.9% 82.4% 79.9% 81.3% 83.1%
0
0
0
0
0
1
1
1
1
1
2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
LDR* and Basel III leverage Ratios (%)
Basel III leverage ratio Financing to customers' deposit ratio
NCB Investor Relations | 2Q 2020 Investor Presentation
T1 Guidance
16% - 18%
15.8% 15.4%16.2%
14.4%15.6%
17.6% 17.2%18.0%
16.0%18.0%
18.4% 18.0%18.7%
16.9%
19.0%
0
0
0
0
0
0
2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Capital Ratios (%)
CET1 ratio T1 ratio TC ratio
Management Commentary
Capitalization remained comfortably above the regulatory minima
with CET1 at 15.6% and T1 at 18.0%.
Total capital increased 9% from net additional SAR 3.2bn T1 Sukuk
issuance.
RWA 8% growth is attributable to the growth in financing.
Total capital adequacy ratio at 19.0%.
Capital Capital position comfortably above regulatory minima
29
63 60 65
77
103 4
473 7080
+9%
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
4Q 19 1Q 20 2Q 20
Capitalisation (SARbn)
Tier 2 capital (T2)Additional tier 1 capital (AT1)Common equity tier 1 capital (CET1)
337 365 372
36 36 3617 15 12390 416 421
+8%
0.00
100.00
200.00
300.00
400.00
500.00
600.00
700.00
4Q 19 1Q 20 2Q 20
Pillar I Risk Weighted Assets (SARbn)
Credit riskOperational riskMarket risk
73.2 4.9 3.2
(3.6)
79.9 2.2
+9%
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
4Q 19 Net Income Net SukukIssuance
2019 FinalDividend
Other 2Q 20
Movement in Total Capital (SARbn)
NCB Investor Relations | 2Q 2020 Investor Presentation
SEGMENTAL REVIEW
2Q 2020 Results
NCB Investor Relations | 2Q 2020 Investor Presentation
NCB Bank (standalone) 2Q 2020 SAR 2.1bn net income after zakat down 16% YoY from higher impairments
31
Management Commentary
1H 2020 Net income after zakat declined 3% YoY due to higher impairment charges from lower recoveries and Covid-19 provisioning impact.
NSCI improved by 2% YoY due to an increase in average earning assets.
Financing and advances, net increased 11% YTD from 42% growth in Mortgage and 9% growth in Corporate.
262 285 292
+11%
0
100
200
300
400
500
4Q 19 1Q 20 2Q 20
Financing and Advances, net (SARbn)
328 348 352
+7%
0
100
200
300
400
500
600
4Q 19 1Q 20 2Q 20
Customers' Deposits (SARbn)
Summary Financial Performance
SAR (mn) 2Q 2020 1Q 2020 2Q 2019 YoY % change 1H 2020 1H 2019 YoY %
changeTotal assets 525,723 506,689 450,347 +17% 525,723 450,347 +17%Total operating income 4,095 4,582 4,467 -8% 8,677 8,939 -3%
Net special commission income 3,552 3,658 3,583 -1% 7,210 7,083 +2%Fee income from banking services, net 387 332 373 +4% 718 753 -5%
Operating expenses (1,268) (1,412) (1,417) -10% (2,681) (2,761) -3%Total impairment charge (711) (256) (225) +216% (967) (319) +203%Other non-operating income (expenses), net (27) (16) (17) +54% (43) (36) +21%Net income for the period before Zakat 2,089 2,898 2,807 -26% 4,986 5,823 -14%Zakat 0 (299) (308) -100% (515) (678) -24%
Net income for the period after Zakat 2,089 2,598 2,499 -16% 4,986 5,146 -3%
% of total assets 94.3% 94.7% 94.5% -0% 94.3% 94.5% -0%Cost to income (%) 31.0% 30.8% 31.7% -2% 30.9% 30.9% +0%NCL (%) 1.1% 0.4% 0.4% +202% 1.4% 0.3% +458%ROA (%) 1.6% 2.1% 2.3% -28% 1.8% 2.4% -25%
NCB Investor Relations | 2Q 2020 Investor Presentation
Retail Banking Higher 2Q 2020 net income before zakat YoY from higher operating income
32
Management Commentary
1H 2020 NSCI improved by 6% YoY on strong financing growth, with mortgage surging 42% YTD.
Net income before zakat increased by 17% YoY driven principally by 5% higher operating income.
Operating expenses decreased 5% YoY and the cost to income ratio improved from 44.5% in 1H 2019 to 40.3% in 1H 2020, supported by digitization, and productivity enhancements.
231 226 224
-3%
0
50
100
150
200
250
300
350
400
450
4Q 19 1Q 20 2Q 20
Customers' Deposits (SARbn)
124 131 139
+12%
0
50
100
150
200
250
4Q 19 1Q 20 2Q 20
Financing & Advances, net (SARbn) Summary Financial Performance
SAR (mn) 2Q 2020 1Q 2020 2Q 2019 YoY % change 1H 2020 1H 2019 YoY %
change
Total assets 169,982 162,520 142,614 +19% 169,982 142,614 +19%
Total operating income 2,526 2,321 2,386 +6% 4,847 4,627 +5%
Net special commission income 2,242 2,075 2,108 +6% 4,316 4,073 +6%
Fee income from banking services, net 260 229 240 +8% 489 493 -1%
Operating expenses (927) (1,027) (1,058) -12% (1,953) (2,058) -5%
Impairment charge (99) (106) (168) -41% (205) (264) -23%
Other income (expenses) (9) (5) (5) +75% (14) (12) +18%
Net income for the period before Zakat 1,491 1,183 1,155 +29% 2,674 2,292 +17%
% of total assets 30.5% 30.4% 29.9% +2% 30.5% 29.9% +2%
Cost to income (%) 36.7% 44.2% 44.3% -17% 40.3% 44.5% -9%
CoR 0.3% 0.3% 0.6% -52% 0.3% 0.5% -37%
ROA (% before zakat & taxes) 3.6% 3.0% 3.3% +9% 3.3% 3.3% -0%
NCB Investor Relations | 2Q 2020 Investor Presentation
Corporate Banking 2Q 2020 Business volume growth; net income before zakat impacted by operating environment and higher impairment charges
33
Management Commentary
9% YTD net financing growth, focusing on high-quality financing business, and 49% growth in customers’ deposits.
1H 2020 Operating income declined by 3% YoY; NSCI declined by 2% primarily due to lower market rates.
Fee income declined by 10% on slower trade finance environment.
Impairments increased by SAR 727mn YoY, largely attributable to base effect, adverse operating environment and Covid-19 impacts.
127 138 139
+9%
0
50
100
150
200
250
4Q 19 1Q 20 2Q 20
Financing & Advances, net (SARbn) Summary Financial Performance
SAR (mn) 2Q 2020 1Q 2020 2Q 2019 YoY % change 1H 2020 1H 2019 YoY %
change
Total assets 145,500 142,029 134,980 +8% 145,500 134,980 +8%
Total operating income 941 1,113 966 -3% 2,053 2,123 -3%
Net special commission income 842 1,029 860 -2% 1,871 1,918 -2%
Fee income from banking services, net 99 85 105 -6% 184 205 -10%
Operating expenses (217) (251) (232) -6% (468) (461) +2%
Impairment charge (620) (145) (35) +1676% (765) (38) +1909%
Other income (expenses) (7) (5) (6) +33% (12) (11) +12%
Net income for the period before Zakat 96 712 693 -86% 808 1,614 -50%
% of total assets 26.1% 26.5% 28.3% -8% 26.1% 28.3% -8%
Cost to income (%) 23.1% 22.5% 24.0% -4% 22.8% 21.7% +5%
CoR 1.8% 0.4% 0.1% +1650% 1.1% 0.1% +1951%
ROA (% before zakat & taxes) 0.3% 2.1% 2.1% -87% 1.2% 2.4% -52%
84113 126
+49%
0
50
100
150
200
250
300
4Q 19 1Q 20 2Q 20
Customers' Deposits (SARbn)
NCB Investor Relations | 2Q 2020 Investor Presentation
Treasury 2Q 2020 net income before zakat decline driven by lower gains from non- FVIS investments
34
Management Commentary
1H 2020 Net income before zakat declined YoY due to lower investment-related income..
Maintained strong portfolio quality with >85% being SGBs and investment grade securities.
Summary Financial Performance
SAR (mn) 2Q 2020 1Q 2020 2Q 2019 YoY % change 1H 2020 1H 2019 YoY %
change
Total assets 202,227 194,327 164,661 +23% 202,227 164,661 +23%
Total operating income 626 1,148 1,129 -45% 1,774 2,203 -19%
Net special commission income 469 555 615 -24% 1,024 1,092 -6%
Fee income from banking services, net 28 18 28 -0% 46 54 -15%
Other operating income 129 575 485 -73% 704 1,057 -33%
Operating expenses (124) (135) (127) -2% (259) (242) +7%
Impairment charge 8 (5) (22) -135% 2 (17) -113%
Other income (expenses) (11) (6) (7) +55% (17) (13) +33%
Net income for the period before Zakat 499 1,001 972 -49% 1,500 1,931 -22%
% of total assets 36.3% 36.3% 34.5% +5% 36.3% 34.5% +5%
Cost to income (%) 19.8% 11.8% 11.3% +76% 14.6% 11.0% +33%
ROA (% before zakat & taxes) 1.0% 2.1% 2.4% -58% 1.5% 2.5% -37%
134 133 146
+9%
0
50
100
150
200
250
300
4Q 19 1Q 20 2Q 20
Investments, net (SARbn)
1,092 1,024
1,111 750
2,2031,774
-19%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
1H 19 1H 20
Total Operating Income (SARmn)
Net special commission income
Fee and other income
NCB Investor Relations | 2Q 2020 Investor Presentation
Capital Markets Higher 2Q 2020 net income growth YoY driven by higher operating income
35
Management Commentary
1H 2020 Net income before zakat increased by 28% YoY due to increased operating income (+18%).
Operating income increased by 18% YoY due to higher brokerage-related fee income (+78%) and AUM-related fee income (+5%).
Summary Financial Performance
SAR (mn) 2Q 2020 1Q 2020 2Q 2019 YoY % change 1H 2020 1H 2019 YoY %
change
Client assets under management 157,572 146,180 152,297 +3% 157,572 152,297 +3%
Brokerages Volume 76,186 69,613 46,855 +63% 145,799 92,414 +58%
Total operating income 220 249 217 +1% 469 398 +18%
Net special commission income 4 5 5 -8% 9 8 +11%
Fee income from banking services, net 206 250 198 +4% 456 361 +26%
AUM Related Fee Income 128 143 138 -7% 270 258 +5%
Brokerage Related Fee Income 63 54 33 +92% 116 65 +78%
Other operating income (expenses) 9 (6) 14 -35% 4 28 -87%
Operating expenses (78) (79) (76) +3% (157) (153) +2%
Net income before Zakat 142 171 141 +1% 312 244 +28%
Cost to income (%) 35.5% 31.5% 35.0% +2% 33.4% 38.6% -13%
156 146 158
+1%
0
50
100
150
200
250
4Q 19 1Q 20 2Q 20
Client Assets Under Management (SARbn)
92
146
+58%
0
50
100
150
200
250
300
1H 19 1H 20
Brokerages Volume (SARbn)
NCB Investor Relations | 2Q 2020 Investor Presentation
International (in TRY) 2Q 2020 net income growth YoY on higher operating income
36
Management Commentary
1H 2020 Net income after tax grew 97% primarily due to strong growth in operating income and FX/Trading gains.
Operating income increased by 60% YoY boosted by core banking activity and reduced funding costs.
NSCI improved by 36% YoY due to improved margins and decreasing borrowing costs.
Operating expenses rose 20% YoY from inflationary pressures and additional expenses for Covid-19.
Impairments increased 96% as TFKB intends to increase NPL coverage and additional provisions were required due to Covid-19.
45% 35%% of balance in foreign currency
62% 63%% of balance in foreign currency
Summary Financial Performance
TRY (mn) 2Q 2020 1Q 2020 2Q 2019 YoY % change 1H 2020 1H 2019 YoY %
changeTotal assets 67,904 59,311 50,309 +35% 67,904 50,309 +35%Total operating income 821 771 570 +44% 1,593 997 +60%
Net special commission income 593 570 496 +20% 1,162 855 +36%Fee income from banking services, net 71 70 69 +2% 140 142 -1%
Operating expenses (336) (327) (272) +23% (663) (551) +20%Impairment charge (215) (228) (152) +41% (443) (226) +96%Other income (expenses) 171 148 12 +1323% 319 37 +761%Net income for the period before tax 284 232 153 +85% 516 257 +101%Tax (62) (50) (31) +98% (112) (52) +114%
Net income after tax 222 182 122 +82% 404 205 +97%
Cost to income (%) 39.8% 41.2% 41.4% -4% 40.5% 47.7% -15%CAR (%) 16.9% 16.1% 16.8% +1% 16.9% 16.8% +1%Tier 1 CAR % 12.4% 11.6% 12.1% +2% 12.4% 12.1% +2%LTD ratio (%) 82.1% 73.6% 87.0% -6% 82.1% 87.0% -6%
40.76.9 47.6
4.3 51.9
+17%
+28%
0
10
20
30
40
50
60
70
4Q 19Reported
Growth atconstant FX
2Q 20Underlying
TFKB FXtranslation
impact
2Q 20Reported
Customers' Deposits (TRYbn)
31.09.6 40.6 2.0 42.6
+31%
+37%
0
10
20
30
40
50
60
70
80
90
100
4Q 19Reported
Growth atconstant FX
2Q 20Underlying
TFKB FXtranslation
impact
2Q 20Reported
Financing & Advances, net (TRYbn)
NCB Investor Relations | 2Q 2020 Investor Presentation
ADDITIONAL INFORMATION
2Q 2020 Results
NCB Investor Relations | 2Q 2020 Investor Presentation
Disclaimer
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The National Commercial Bank (NCB) prepared this presentation on a proprietary basis as general background information about the activities of NCB. The information contained herein is given in summary form and for discussion purposes only. Some of the information that is relied upon by NCB is obtained from sources believed to be reliable, but NCB (nor any of its directors, officers, employees, agents, affiliates or subsidiaries) does not guarantee the accuracy or completeness of such information, and disclaims all liability or responsibility for any loss or damage caused by any act taken as a result of the information. This presentation including the information covered therein is not intended either to be relied upon or construed as an advertisement for, or an offer, solicitation or invitation to sell or issue, or to subscribe, underwrite or otherwise acquire any securities in any jurisdiction. It should and must not be treated as giving tax, legal, investment or other specialist advice or a recommendation to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Neither shall any part of this information nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision or commitment relating thereto, nor does it constitute a recommendation regarding the subject of this presentation.
All statements included in this presentation other than statements of historical facts, including, without limitation, those regarding financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives) are forward-looking statements and may thus include words like "anticipate", "believe", "intend", "estimate", "expect", "will", "may", "project", "plan" and such other words of similar meaning. Such forward-looking statements are based on numerous assumptions regarding present and future business strategies and the relevant future business environment. Any forward-looking statements speak only as of the date of this presentation and NCB expressly disclaims to the fullest extent permitted by law any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in the foregoing is intended to or shall exclude any liability for, or remedy in respect of, fraudulent misrepresentation. Due to rounding, numbers and percentages presented throughout this presentation may not add up precisely to the totals provided.
NCB is not under any obligation to update, complete, amend, revise or keep current the information contained herein, and any opinions expressed herein are subject to change materially without notice. Accordingly, no representation or warranty, express or implied, is or will be made by NCB, their respective advisors or any such persons’ directors, officers or employees, or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation, and any reliance you place on them will be at your sole risk. Investors must rely solely on their own examinations of the Offering and relevant documentation in making a determination as to whether to invest in the securities described. An investor should seek independent professional advice when deciding if an investment is appropriate. Securities that may be discussed herein may not be suitable for all investors. Investors are required to make their own independent investigation and appraisal of the business and financial condition of NCB and its subsidiaries, the nature of the securities and the merits or suitability of the securities or any transaction to any investor’s particular situation and objectives, including the possible risks and benefits of purchasing any securities. Any such determination should involve an assessment of the legal, tax, accounting, regulatory, financial, credit or other related aspects of the offering or the securities. Without prejudice to the foregoing, NCB, their advisors and any such persons’ directors, officers or employees expressly disclaim any liability whatsoever, in negligence or otherwise, for any loss howsoever arising, directly or indirectly, from use of, or reliance on, this presentation or its contents or otherwise arising in connection therewith.
NCB Investor Relations | 2Q 2020 Investor Presentation
Contact UsThe National Commercial Bank
P.O. Box 3555
21481 Jeddah, Kingdom of Saudi Arabia
Mr. Abdulbadie Alyafi
Head Of Investor Relations
More InformationVisit: http://www.alahli.com/en-us/Investor_Relation
to access NCB’s current and previous Investor Publications including:
Financial statements
Earnings releases
Investor presentations
Financial data packs (in Excel)
NCB Contacts NCB welcomes your feedback and inquiries
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