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NCB Investor Relations | 4Q 2020 Investor Presentation
Investor Presentation
The National Commercial Bank
3Q 2020 Results
4Q & FY 2020 Results
NCB Investor Relations | 4Q 2020 Investor Presentation
Investor Presentation Content
2
Page 4 Operating Environment
Page 7 Strategy Overview
Page 9 Financial Results Highlights
Page 17 Financial Results Details
Page 3 NCB at a glance Page 32 Segmental Review
Page 39 Appendix
Page 41 Additional Information
NCB Investor Relations | 4Q 2020 Investor Presentation
28%
51%65%
0
0
1
1
1
2018 2019 2020
Digital Sales Penetration
Wholesale branches in Bahrain & Singapore
NCB at a glance NCB is the leading bank in Saudi Arabia
3
*Includes Alahli Esnad (1,955 employees) - fully owned subsidiary engaged in outsourcing and manpower services in KSA. **Moody’s rating is unsolicited.
NCB Group Presence
Employees*
13,334Assets
SAR599 bn
Deposits
SAR416 bn
Market Cap
SAR130 bn
International: Subsidiary in TurkeyTürkiye Finans Katılım Bankası (TFKB)319 branches, 640 ATMs3,731 employees
Offices in Seoul & Shanghai
NCB GroupHeadquartered in Saudi Arabia
431 branches, 3,571 ATMs127 Remittance centers
9,334 Employees
NCB CapitalSaudi Arabia
21 Branches269 Employees
NCB's business model delivers diversified operating income(FY 2020)
Strong Credit Ratings
NCB Long term Short Term Outlook
S&P BBB+ A-2 PositiveFitch A- F1 NegativeMoody’s** A1 P-1 NegativeCapital Intelligence A+ A1 Stable
Government of Saudi Arabia
S&P A- StableFitch A StableMoody’s A1 NegativeCapital Intelligence A+ Stable
Operating Income
SAR21.5bn
Net Income
SAR11.4 bn
C/I Ratio
30.3%
ROE
16.8 %
CoR
0.60%
10.0bn47%
RETAIL
4.1bn19%
CORPORATE
4.6bn21%
TREASURY
SAR 21.5bn
NCB
1.6bn7%
International
1.1bn5%
Capital Markets
Customers & Digitization
Clients
9mnDigital Financial Transactions
> 98%
Robotics
300 bots
19%
71%87%
0
0
1
1
1
1
2018 2019 2020
Digital Account Opening
NCB Investor Relations | 4Q 2020 Investor Presentation
Operating Environment Signs of recovery in 2H 2020, though residual uncertainties remain
4
Macroeconomic Indicator Sources: Thomson Reuters, SAMA, IHS, Bloomberg, Tadawul
68
37 3542
49
0
20
40
60
80
100
120
Average Oil Price (USD)
8,389 6,505 7,224
8,299 8,689
(1,000)
1,000
3,000
5,000
7,000
9,000
11,000
13,000
Tadawul Index
57
175
10792
66
0
20
40
60
80
100
120
140
160
180
200
CDS Spread (bps)
2.24% 2.18%
1.23%0.93% 0.85%1.90% 1.75%
0.56%0.25% 0.24%
(0)
(0)
0
0
0
0
0
0
Interbank Rates (%)
3M SAR SAIBOR 3M USD LIBOR
1.3%3.7%
0.9% 1.9%0.4%
4.0% 1.9%
-1.0%0.8%
0.5%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
0
20
40
60
80
100
120
140
160
180
Bank Lending & Deposits Growth
Bank Lending Bank Deposits
57
42 48 51 57
0
10
20
30
40
50
60
70
80
90
100
KSA PMI (manufacturing)
NCB Investor Relations | 4Q 2020 Investor Presentation
Retail45%
Corporate13%
Treasury32%
Capital Markets6%
International4%
FY 20 Net Income Before Zakat & Income Tax (SARbn)
NCB Strong Track Record Resilience against the challenging environment
5
136.0%119.0%
128.0% 124.4% 122.7%
80.3% 80.7% 83.2% 79.8% 83.3%
10.0%
30.0%
50.0%
70.0%
90.0%
110.0%
130.0%
150.0%
2016 2017 2018 2019 2020
LTD and NSFR Ratios (%)
NSFR (%) Financing to customers' deposit ratio
19.2%20.0%
20.6%
18.7%
20.3%
16.9%17.7%
18.5% 17.9%19.3%
15.3% 15.7%16.6% 16.1%
16.9%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
22.0%
2016 2017 2018 2019 2020
Capital Ratios (%)
TC ratio T1 ratio CET1 ratio
172.5% 177.3% 176.0% 168.9% 172.4%
10.0%
60.0%
110.0%
160.0%
210.0%
2016 2017 2018 2019 2020
Liquidity Ratios (%)
12.9 12.9
0
2
4
6
8
10
12
14
16
18
20
FY 19 FY 20
NCB Investor Relations | 4Q 2020 Investor Presentation
Leading, diversified franchise NCB Market Position as of 3Q 2020
6
* As of 4Q 2020
577
141
160
144
179
509
2,109
836
495
453
388
1,325
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
KSA Total Market NCB Market Share in SARbn NCB Market Share in % Rank KSA
Overall banking (Assets)
SAR 2,686 bn 21.5% #1
Corporate banking (Performing Financing)
SAR 977 bn 14.5% #1
Retail banking(Performing Financing)
SAR 655 bn 24.4% #2
Treasury(Investments)
SAR 597bn 24.2% #1
Asset Management (AUMs)
SAR 567bn 31.5% #1
Brokerage*(Value Traded)
SAR 1,835bn 13.9% #2
NCB Investor Relations | 4Q 2020 Investor Presentation
Strategy Dashboard Progress update on key 2020 strategy metrics
7
CASA (SAR)
+27%
SubsidiariesGrow Value Contribution
RetailGrow Mortgages
CorporateImprove Returns
TreasurySustain Investment Returns
Asset Deployment
Funding
Mortgage Growth
+99%
Financing Growth (Corporate)
+3%
NSCI (Treasury)
+16%
TFKB NI & C/I (TRY)
+79% & 45.0%
Mortgage Balance
SAR 74bn
POS Market Share
+2.6 ppts
Investment Related Income
+27%
NCBC NI & C/I
+78% & 27.9%
Strategic Enablers
LT Diversified Funding
USD 1.05bn MurabahaSAR 4.2bn T1 Sukuk Issued
Digital Transactors
+77%
Bots
300 (+245)
LCR
172%
Digital Account Opening
88%
Self-Service Kiosks
406 (+91)
ProductivityIncrease Operational Efficiency
Current AccountsGrow Current Accounts
Wholesale FundingExpand Funding Options
DigitalAccelerate Digital Transformation
Affluent Banking
Proposition enhancements
NCB Investor Relations | 4Q 2020 Investor Presentation
Strategy Dashboard 2021 strategy - rigorous execution and focus on mortgage, digitization, non-financing revenues and merger
8
SubsidiariesGrow Value Contribution
RetailGrow Financing
CorporateManage for Value
TreasurySustain Recurring Revenues
Asset Deployment
Funding
Mortgage
Digitization
Transaction banking
V2030 opportunities
Asset returns
Portfolio quality & liquidity
Key business lines
Efficiency
Productivity
Strategic Enablers
Affluent
Customer coverage & experience
Cash management
Programs across maturity & seniority
Mix and cost optimization
Digital product journeys
Predictive analytics
Mobile First
Leverage Robotics & AI
Automate back-office processes
Lean distribution
ProductivityIncrease Operational Efficiency
Current AccountsGrow Current Accounts
Wholesale FundingExpand Funding Options
DigitalAccelerate Digital Transformation
NCB-SAMBA Merger
New Saudi Banking ChampionCreate Regional Financial Powerhouse
Best in class value proposition
Accelerated growth
Value creation for all stakeholders
One Bank Collaboration Initiative
NCB Investor Relations | 4Q 2020 Investor Presentation
FINANCIAL RESULTS HIGHLIGHTS
3Q 2020 Results
4Q 2020 Results
NCB Investor Relations | 4Q 2020 Investor Presentation
Financial Results Update FY 2020 results highlights
10
Balance Sheet
Asset Quality, Capital & Liquidity
11,401 304579
(198)(531) (139)
61
(38)
11,440
+0.3%
0.00
2,000.00
4,000.00
6,000.00
8,000.00
10,000.00
12,000.00
14,000.00
16,000.00
18,000.00
20,000.00
FY 19 NSCI Fee &Other
Income
Expenses Impair-ments*
OtherNon-
Operating
Zakat & Tax Minorities FY 20
Net Income after Zakat and Income Tax attributed to Equity Holders (SARmn)
282347
+23%
0
100
200
300
400
500
600
700
800
900
4Q 19 4Q 20
Financing (SAR bn)
353416
+18%
0
200
400
600
800
1,000
1,200
4Q 19 4Q 20
Deposits (SAR bn)
1.8% 1.7%
0.5% 0.6%
-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 4Q 20
NPL & COR (%)
NPL ratio CoR YTD
16.1% 16.9%
80% 83%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
0
0
0
0
0
0
0
0
0
1
4Q 19 4Q 20
CET1 & LTD (%)
CET1 LTD
* Impairments include impairment charges for financing and investments
NCB Investor Relations | 4Q 2020 Investor Presentation
Income Statement Stable 2020 net income after zakat and income tax despite Covid-19 impacts
11
5,148 4,830 4,312 5,212 5,501
429 475 453426 249
5,577 5,305 4,7665,638 5,749
+3%
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
4Q 19 1Q 20 2Q 20 3Q 20 4Q 20
Total Operating Income (SARmn)
International
Domestic
3,206 2,691 1,928 3,031 3,316184 144 160 128 44
3,390 2,8342,088
3,158 3,360
-1%
(200)
1,800
3,800
5,800
7,800
9,800
11,800
4Q 19 1Q 20 2Q 20 3Q 20 4Q 20
Net income for the period after Zakat and income tax attributable to equity holders (SARmn)
International
Domestic
Profitability Trends
SAR (mn) 4Q 2020 3Q 2020 4Q 2019 YoY % change FY 2020 FY 2019 YoY % change
Net special commission income 4,414 4,179 4,484 -2% 16,687 16,382 +2%Fee and other income 1,336 1,459 1,093 +22% 4,771 4,192 +14%Total operating income 5,749 5,638 5,577 +3% 21,458 20,575 +4%Operating expenses (1,636) (1,640) (1,440) +14% (6,497) (6,299) +3%Total impairment charge (348) (379) (287) +21% (1,951) (1,420) +37%Income from operations, net 3,766 3,619 3,850 -2% 13,010 12,856 +1%Net income before Zakat and income tax 3,765 3,569 3,851 -2% 12,933 12,919 +0%Zakat and Income Tax (395) (379) (414) -5% (1,373) (1,435) -4%Net income for the period after Zakat and income tax attributable to equity holders 3,360 3,158 3,390 -1% 11,440 11,401 +0%
NCB Investor Relations | 4Q 2020 Investor Presentation
Balance Sheet 18% increase in total assets from growth in financing and investments
12
128 138 139 140 133123 130 138 159 17411 17 15 15 18
20 20 23 23 22282 305 316 336 347
+23%
0
100
200
300
400
500
600
700
800
900
1,000
4Q 19 1Q 20 2Q 20 3Q 20 4Q 20
Financing & Advances, net (SARbn)
Corporate Consumer and credit card Others International
Domestic Deposits93%
International Deposits7%
Customers' Deposits Mix (SARbn)
353 416
0
100
200
300
400
500
4Q 19 4Q 20251 290 294 299 32090 72 72 96 8313 13 14 14 14353 375 380 408 416
+18%
0
200
400
600
800
1,000
4Q 19 1Q 20 2Q 20 3Q 20 4Q 20
Customers' Deposits (SARbn)
CASA Time Others
Balance Sheet
SAR (mn) 4Q 2020 3Q 2020 4Q 2019 YoY % change
Cash & due from banks 70,460 56,434 61,948 +14%Investments, net 144,853 144,200 134,077 +8%Financing and advances, net 346,708 336,415 281,843 +23%Total assets 599,446 576,638 506,819 +18%Due to banks and other financial institutions 75,028 62,975 62,186 +21%Customers' deposits 416,419 408,474 353,389 +18%Debt securities issued 1,773 1,177 1,016 +74.5%Total liabilities 519,231 500,429 437,476 +19%Common equity 69,210 65,262 61,443 +13%Total equity 80,215 76,210 69,343 +16%
NCB Investor Relations | 4Q 2020 Investor Presentation
Segmental Information (1/3) FY 2020 total net income before zakat and income tax growth in all segments except Corporate
13
12,919 367
(1,593)
701 357 183 12,933
0
2,000
4,000
6,000
8,000
10,000
12,000
FY 19 Retail Corporate Treasury Capital Markets International FY 20
FY 20 Net Income Before Zakat & Income Tax Movement (SARmn)
3,851 93
(714)
513161
(140)
3,765
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4Q 19 Retail Corporate Treasury Capital Markets International 4Q 20
4Q 20 Net Income Before Zakat & Income Tax Movement (SARmn)
Retail45%
Corporate13%
Treasury32%
Capital Markets6%
International4%
FY 20 Net Income Before Zakat & Income Tax (SARbn)
12.9 12.9
0
2
4
6
8
10
12
14
16
18
20
FY 19 FY 20
Retail44%
Corporate11%
Treasury36%
Capital Markets8%
International1%
4Q 20 Net Income Before Zakat & Income Tax (SARbn)
3.9 3.8
0
1
2
3
4
5
6
4Q 19 4Q 20
NCB Investor Relations | 4Q 2020 Investor Presentation
Segmental Information (2/3) FY 2020 total operating income growth in all segments except Corporate
14
20,575 322
(627)
701 346 142 21,458
(1,000)
1,000
3,000
5,000
7,000
9,000
11,000
13,000
15,000
FY 19 Retail Corporate Treasury Capital Markets International FY 20
FY 20 Total Operating Income Movement (SARmn)
5,577158
(492)
535153
(181)
5,749
(100)
100
300
500
700
900
1,100
1,300
1,500
1,700
4Q 19 Retail Corporate Treasury Capital Markets International 4Q 20
4Q 20 Total Operating Income Movement (SARmn)
Retail47%
Corporate19%
Treasury22%
Capital Markets5%
International7%
FY 20 Total Operating Income (SARbn)
20.6 21.5
0
5
10
15
20
25
30
35
40
FY 19 FY 20
Retail46%
Corporate18%
Treasury25%
Capital Markets7%
International4%
4Q 20 Total Operating Income (SARbn)
5.6 5.7
0
1
2
3
4
5
6
7
8
9
4Q 19 4Q 20
NCB Investor Relations | 4Q 2020 Investor Presentation
Management Commentary
2020 Total Assets increased by 18% due to higher financing (+23%) and investments (+8%).
Total Financing increased by 23%: Retail increased by 42%, Corporate by 3% and FI by 57%.
Customers’ deposits increased by 18% from Retail, Corporate and International offsetting the fall in the others segment (Treasury).
CASA balances at 77% of total deposits at 4Q 2020 compared with 71% at 4Q 2019.
Segmental Information (3/3) 2020 asset growth YOY driven by growth across all segments
15
210 228 237
107 133 14110 18 926 30 30353
408 416
+18%
0
100
200
300
400
500
600
700
800
900
4Q 19 3Q 20 4Q 20
Customers' Deposits (SARbn)
RetailCorporateOthersInternational
154 189 205132 146 139186 200 2112 3 3
33 3941
507 577 599
+18%
0
200
400
600
800
1,000
1,200
4Q 19 3Q 20 4Q 20
Total Assets (SARbn)
RetailCorporateTreasuryCapital MarketsInternational
123 159 174128 140 13320 23 22
1115 18
282336 347
+23%
0
100
200
300
400
500
600
700
800
4Q 19 3Q 20 4Q 20
Financing and Advances, net (SARbn)
Consumer and credit cardCorporateInternationalOther
NCB Investor Relations | 4Q 2020 Investor Presentation
2021 Guidance Economic recovery provides opportunities; mortgage momentum partially offset by expected corporate repayments
16
*Macroeconomic Indicator Sources: NCB Economics, US Federal Reserve, IMF, KSA MoF. **For NCB only. Guidance will be revisited upon legal completion of merger.
Macro-Economic Outlook*
2021 Outlook
Oil Price USD 50 / bbl
US Fed Rates Stable 2021
GDP Growth Real GDP 3.2%
Fiscal Balance Deficit 4.9% of GDP
Inflation 2.9%
NCB Financial Guidance**
FY 2020 Reported 2021 Guidance
Financing Growth +23% High Single Digit
NSCI Margin 3.5% 3.5% - 3.6%
Cost to Income 30.3% Below 32%
Cost of Risk 0.6% 0.6% - 0.8%
Tier 1 CAR 19.3% 17% - 19%
NCB Investor Relations | 4Q 2020 Investor Presentation
FINANCIAL RESULTS DETAILS
3Q 2020 Results
4Q 2020 Results
NCB Investor Relations | 4Q 2020 Investor Presentation
Management Commentary
FY 2020 Total operating income increased 4% YoY from a 2% improvement in net special commission income and a 14% increase in fee and other income.
International operating income increased by 10% boosted by core banking activity.
Operating Income Highlights Higher FY 2020 total operating income driven by higher NSCI and fee & other income
18
16.38 16.69
4.19 4.7720.57 21.46
+4%
0
5
10
15
20
25
30
35
40
FY 19 FY 20
4.48 4.18 4.41
1.09 1.46 1.345.58 5.64 5.75
+3%
0
2
4
6
8
10
12
14
16
18
4Q 19 3Q 20 4Q 20
Total Operating Income (SARbn)
Fee and other income
Net special commission income
20.57 0.27 0.47 0.14 21.46
19.86
1.60
19.11
1.46
(1.00)
1.00
3.00
5.00
7.00
9.00
11.00
13.00
15.00
FY 19 Domestic NSCI Domestic Fee andother income
InternationalNOR
FY 20
FY 20 Total Operating Income Movement (SARbn)
5.58 0.010.34
(0.18)
5.75
5.50
0.25
5.15
0.43
0
1
1
2
2
3
3
4
4
5
4Q 19 Domestic NSCI Domestic Fee andother income
InternationalNOR
4Q 20
4Q 20 Total Operating Income Movement (SARbn)
Domestic
Intl.
Domestic
Intl.
NCB Investor Relations | 4Q 2020 Investor Presentation
16,382
86
(281)
1,127
(1,846)
567
37
(18)
16,687
+2%
3.91% +2 bps -58 bps -1 bps -18 bps +17 bps +16 bps -0 bps -3 bps 3.46%
633
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
FY 19 Retail Corporate Other Investments Depositmix &cost
Wholesalefunding
Other International FY 20
Movement in Net Special Commission Income (SARmn) & NSCI Margin (%)
Net special commission income FY 2020 net special commission income grew by 2% YoY
19
3.89%
3.51% 3.39% 3.35% 3.45%
3.91%3.71%
3.55% 3.48% 3.46%
4.21%
4.72%
4.36%4.19%
3.80%
0
0
0
0
0
0
0
0
0
FY 19 1Q 20 1H 20 9M 20 FY 20
Net Special Commission Margin (%)
Domestic Group International
1.20%0.85% 0.76% 0.70% 0.61%
3.83% 3.65% 3.51% 3.44% 3.42%
0
0
0
0
0
0
0
0
0
0
FY 19 1Q 20 1H 20 9M 20 FY 20
Commission Yield & Funding Cost (%)
COF Commission Yield
Financing Mix & Yield-SAR 634mn
2020
Guidance
3.4%-3.6%
NCB Investor Relations | 4Q 2020 Investor Presentation
Fee and other income FY 2020 fee and other income increased from improved investment management and brokerage income, and increase in exchange income and investment-related income
20
Management Commentary
FY 2020 Fee and other income increased by 14% YoY due to 27% growth in investment-related income, 13% growth in exchange income, 18% growth in fee income from banking services.
Other operating expenses recorded a minus SAR 283 million delta YoY, partly offsetting these growth areas due to one-offs in 2019.
498 525 682253 290 285361 785 495
(18) (141) (126)
1,0931,459 1,336
+22%
(400)
100
600
1,100
1,600
2,100
2,600
3,100
3,600
4Q 19 3Q 20 4Q 20
Fee and Other Income (SARmn)
Other operating income (expenses), netInvestment-related incomeExchange Income, netFee income from banking services, net
237
3414,192
(66) (36)
392 36 15143
379
(283)
4,771
4,4303,955
+14%
0
1,000
2,000
3,000
4,000
5,000
6,000
FY 19 Finance&
lending
Tradefinance
Inv. mgt.&
brokerage
Creditcards
Others ExchangeIncome
Investment-relatedincome
Otheroperatingexpenses
FY 20
Fee and other Income Movement (SARmn)
Domestic
International
Fees from Banking Services+SAR 340mn (+18%)
NCB Investor Relations | 4Q 2020 Investor Presentation
Management Commentary
Operating expense increase mainly due to the VAT hike in July and higher IT costs to support increased demand for digital transactions.
FY 2020 Cost to income ratio was 30.6%, lower by 33bps compared to FY 2019.
Expense Highlights Modest increase in operating expenses; improved cost to income ratio back at 2019 levels
21
3,550 3,550355 341
866 9011,528 1,706
6,299 6,497
+3%
0
2,000
4,000
6,000
8,000
10,000
12,000
FY 19 FY 20
887 888 89588 88 96
225 221 241240 444 4041,440 1,640 1,636
+14%
0
500
1,000
1,500
2,000
2,500
3,000
4Q 19 3Q 20 4Q 20
Operating Expenses (SARmn)
Other G&A Depreciation & amortization
Rent & premises Employee-related
6,299
(0) (15)
35 178 6,497
5,778
719
5,572
727
(500)
500
1,500
2,500
3,500
4,500
5,500
6,500
7,500
8,500
FY 19 Employee-related
Rent & premises Depreciation &amortization
Other G&A FY 20
FY 20 Operating Expenses Movement (SARmn)
30.6%
31.9% 32.0%
30.9%30.6%
29.2%
30.9% 31.0%
30.0%
29.1%
0
0
0
0
0
0
0
0
0
0
0
FY 19 1Q 20 1H 20 9M 20 FY 20
Cost to Income Ratio (YTD %)
Group (%) Excluding International (%)
2020 Guidance
< 33%
Domestic
Intl.
NCB Investor Relations | 4Q 2020 Investor Presentation
Management Commentary
Total assets increased 18% due to increase in financing, investments, cash, bank and SAMA balances and other assets.
23% Financing increase primarily driven by increase in domestic and international financing, despite International financing being impacted by Turkish Lira depreciation.
Asset Highlights and Composition 18% growth in balance sheet as a result of increase in financing and investments
22
282 336 347134 144 14562
56 702940 37507 577 599
+18%
0
200
400
600
800
1,000
1,200
4Q 19 3Q 20 4Q 20
Total Assets (SARbn)
Financing and Advances, net Investments, net Cash, bank and SAMA balances Other assets, net
Retail34%
Corporate23%
Treasury35%
Capital Markets1%
International7%
Total Assets by Segment (SARbn)
507 599
0
100
200
300
400
500
600
700
4Q 19 4Q 20
506.8
64.9 10.8 8.5 8.5 599.4
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
4Q 19 Financing andAdvances
Invest-ments
Cash,Bank &SAMA
Other assets 4Q 20
Movement in Total Assets (SARbn)
NCB Investor Relations | 4Q 2020 Investor Presentation
281.8
36.514.6 4.4 6.5 2.8 346.7
0
20
40
60
80
100
120
140
160
4Q 19 Mortgages Other Corporate FI Inter-national
4Q 20
Movement in Financing (SARbn)
Consumer financing & credit cards50%
Commerce10%Other Services
10%
Manufacturing9%
Utilities & health6%
Building & construction4%
Others, across 5 sectors11%
Financing and Advances, net by Economic Sector (SARbn)
Management Commentary
Financing grew for Retail (+42%) on the back of mortgages (+99%), Corporate (+3%), International (+14%) and FI (+57%) portfolios.
Corporate segment increased 3%, despite elevated client repayments during 4Q 2019.
International financing increased 14% from 45% growth in local currency, partly offset by the weakened Turkish Lira -20%.
Financing and Advances Strong mortgage growth leads broad based 23% financing expansion
23
Retail
+SAR 51.2bn (+42%)
2020 Guidance
~ +20%
123 159 174
128140 13320
23 221115 18
282336 347
+23%
0
100
200
300
400
500
600
4Q 19 3Q 20 4Q 20
Financing and Advances, net (SARbn)
Consumer and credit cardCorporateInternationalOther
282 347
0
50
100
150
200
250
300
350
400
450
4Q 19 4Q 20
NCB Investor Relations | 4Q 2020 Investor Presentation
Financing and Advances Credit Quality (1/3)
2020 NPLs rose by 15% primarily on Corporate from Covid-19, while NPL ratio and coverage remained stable
24
0.5%0.5% 0.5% 0.4%
0.3%
2.3%2.3% 2.6% 2.8%
3.0%
8.2% 6.9%6.1%
5.4%5.7%
1.8%1.7% 1.8% 1.7%
1.7%
(0)
0
0
0
0
0
4Q 19 1Q 20 2Q 20 3Q 20 4Q 20
NPL Ratios (%)
Retail Corporate International Group NPL Ratio
277%
242%221%
280%
244%
152% 146% 150% 142% 145%
62% 71% 75% 84% 90%
138% 140% 141% 143% 143%
0
1
1
2
2
3
4Q 19 1Q 20 2Q 20 3Q 20 4Q 20
NPL Coverage Ratios (%)
Retail Corporate International Group NPL coverage ratio
5,329
(14)
1,154
(341)
6,128
+15%
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
4Q 19 Retail Corporate International 4Q 20
Movement in NPLs (SARmn)
5,329
595
(14)
6,128100 83 35
0
1,000
2,000
3,000
4,000
4Q 19 Commerce Consumer Building &construction
Manu-facturing
Others 4Q 20
Movement NPLs by Economic Sector (SARmn)
Domestic
+SAR 1,140mn (+31%)
NCB Investor Relations | 4Q 2020 Investor Presentation
52
(15)
0
25
(3)
1 0 60
+9 bps
-
20
40
60
80
100
120
FY 19 Impairments Recoveries& Other
Impairments Recoveries& Other
Other International FY 20
Movement in Cost of Risk (bps)
1,447
(317) (74)
893
(35)
43
(7)
1,950
+35%
-
500
1,000
1,500
2,000
2,500
3,000
3,500
FY 19 Impairments Recoveries& Other
Impairments Recoveries& Other
Other International FY 20
Movement in Impairments (SARmn)
Financing and Advances Credit Quality (2/3)
Increase in impairments and cost of risk from Covid-19 related adjustments and impacts
25
0.4% 0.4%0.7% 0.6% 0.5%
2.2%2.7%
2.3% 2.3%2.0%
0.5% 0.6%0.8% 0.7% 0.6%
(0)
(0)
0
0
0
0
FY 19 1Q 20 1H 20 9M 20 FY 20
CoR Ratios (%)
Domestic International Group CoR ratio
0.4% 0.3% 0.3%0.2%
0.0%
0.4% 0.4%
1.1%1.0% 1.1%
0.5%
0.6%0.8%
0.7%0.6%
(0)
FY 19 1Q 20 1H 20 9M 20 FY 20
CoR Ratios (%)
Retail Corporate Group CoR ratio
Corporate
+25 bps
Retail
-15 bps
Corporate
+SAR 886mnRetail
-SAR 391mn
2020
Guidance
< 0.8%
NCB Investor Relations | 4Q 2020 Investor Presentation
Financing and Advances Credit Quality (3/3)
Healthy and stable stage-wise NPL coverage
26
2,566 1,716 1,808
1,098 1,582 2,448
3,762 4,065 4,536
7,426 7,362 8,791
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
FY 18 FY 19 FY 20
Loss Allowance for Financing & Advances (SARmn)
Stage 1Stage 2Stage 3
255 267 332 12 17 18 5
5 6
272 289 355
0
100
200
300
400
500
600
FY 18 FY 19 FY 20
Financing & Advances, Gross (SARbn)
Stage 1Stage 2Stage 3
Loss Allowance for Financing & Advances by Segment (SARmn)
1.0% 0.6% 0.5%
9.2% 9.3% 13.8%
71.7% 76.3% 74.0%
(0)
(0)
0
0
1
1
1
FY 18 FY 19 FY 20
Coverage Ratios by Stage (%)
Stage 1 Stage 2 Stage 3
2019 2020
Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3
Consumer & Credit Card 1,234 166 258 856 286 286
Corporate 397 1,330 2,896 838 1,966 3,294
International 51 78 911 59 195 955
Others 34 7 - 54 0.02 -
NCB Investor Relations | 4Q 2020 Investor Presentation
Saudi Arabia67%
GCC and Middle East10%
Europe4%
Turkey5%
Other countries14%
Investments Mix by Geography (SARbn)
Investments Investment portfolio increased 8% from continued participation in SGBs; portfolio is 85% investment grade
27
85 91 94
39 43 409 10 10134 144 145
+8%
0
50
100
150
200
250
4Q 19 3Q 20 4Q 20
Investments (SARbn)
Fixed rate securities Floating rate securities Equity instruments, Mutual Funds, Hedge Funds and Others
Saudi Government securities52%
Other investment grade33%
Non-investment grade8%
Equity & others7%
Investments Mix by Credit Grade (SARbn)
134 145
0
20
40
60
80
100
120
140
160
4Q 19 4Q 20
134 145
0
20
40
60
80
100
120
140
160
4Q 19 4Q 20
134.1 6.3 0.4 4.6
(0.6)
144.9
0
20
40
60
80
100
120
140
4Q 19 SaudiGovernmentsecurities
Otherinvestment
grade
Non-investment
grade
Equity & others 4Q 20
Movement in Investments (SARbn)
NCB Investor Relations | 4Q 2020 Investor Presentation
Management Commentary
18% increase in funding mainly from growth in deposits, higher interbank balances and higher equity from retained earnings generation and Tier 1 Sukuk issuance.
Customers’ deposits increased by 18% mainly driven by CASA deposits (+27%).
Funding Balance sheet growth funded mainly by strong 18% domestic deposit growth
28
353 408 416
6263 751
1 221 28 26
6976 80507
577 599
+18%
0
200
400
600
800
1,000
4Q 19 3Q 20 4Q 20
Funding (SARbn)
Customers' deposits Due to banks and other financial institutions
Debt securities issued Other liabilities
Total equity
Due to banks and other financial institutions
13%
Customers' deposits70%
Other liabilities4%
Total equity13%
Funding Mix (SARbn)
507 599
0
100
200
300
400
500
600
700
4Q 19 4Q 20
506.863.0 12.8 0.8 5.1 10.9 599.4
0
100
200
300
400
500
600
700
800
4Q 19 Customers'deposits
Interbank Debt Other liabilities Total equity 4Q 20
Movement in Funding (SARbn)
NCB Investor Relations | 4Q 2020 Investor Presentation
Management Commentary
Customers’ deposits increased by 18%, mainly from 27% increase in CASA deposits.
Increase in CASA deposits boosted by focus on strengthening affluent proposition, digital account opening and cash management.
Strong CASA growth allowed funding mix optimization resulting in 8% in time deposits YoY.
CASA balances account for 77% of customers’ deposits compared to 71% at 4Q 2019.
Deposits Customers’ deposits increased 18%, mainly from CASA deposits
29
CASA77%
Time20%
Others3%
Customers' Deposits Mix (SARbn)
353416
0
100
200
300
400
500
4Q 19 4Q 20
241 285 3059 13 1574 80 6916 16 1413 14 14353 408 416
+18%
0
100
200
300
400
500
600
700
800
900
4Q 19 3Q 20 4Q 20
Customers' Deposits (SARbn)
CASA - DomesticCASA - InternationalTime - DomesticTime - InternationalOthers
Domestic Deposits
+SAR 58.8bn (+18%)
International Deposits
+SAR 4.2bn (+16%)
353.463.6
(5.8)
1.0 5.1
(1.3)
0.4 416.4
0
100
200
300
400
500
600
700
4Q 19 CASA Time Others CASA Time Others 4Q 20
Movement in Customers' Deposits (SARbn)
NCB Investor Relations | 4Q 2020 Investor Presentation
Management Commentary
As at 4Q 2020, the financing to customers’ deposit ratio was 83.3% and the regulatory LDR ratio was comfortably below SAMA limit.
NSFR was 122.5% at 4Q 2020 relative to 124.2% at 4Q 2019.
The average quarterly LCR was comfortable at 172.5% in 4Q 2020 compared to 168.9% in 4Q 2019.
Basel III leverage ratio was 12.5% as at 4Q 2020 relative to 12.7% at 4Q 2019.
Liquidity NCB maintained a strong and stable liquidity profile
30
99 113 112
125 123
59 64 68 68 71
168.9% 176.1%165.0%
184.9%172.5%
(5)
15
35
55
75
95
115
135
1
1
1
1
1
2
2
2
2
4Q 19 1Q 20 2Q 20 3Q 20 4Q 20
LCR Ratio (%)
HQLA (SARbn) Net cash outflows (SARbn) LCR
343 362 384 405 413
275 309 319 334 337
124.2%117.1% 120.0% 121.2% 122.5%
(15)
85
185
285
385
485
585
1
1
1
1
1
1
1
1
1
1
2
4Q 19 1Q 20 2Q 20 3Q 20 4Q 20
NSFR Ratio (%)
Available stable funding (SARbn) Required stable funding (SARbn) NSFR
* Headline ratio, which does not equate to SAMA regulatory LDR ratio
12.7% 11.4% 12.4% 12.5% 12.5%
79.8% 81.2% 83.0% 82.4% 83.3%
0
0
0
0
0
1
1
1
1
1
4Q 19 1Q 20 2Q 20 3Q 20 4Q 20
LDR* and Basel III leverage Ratios (%)
Basel III leverage ratio Financing to customers' deposit ratio
NCB Investor Relations | 4Q 2020 Investor Presentation
Management Commentary
Capitalization remained comfortably above the regulatory minima with CET1 at 16.9%
and T1 at 19.3%.
Total capital increased 19% from net additional SAR 3.2bn T1 Sukuk issuance.
RWA 9% growth is attributable to the growth in financing.
Total capital adequacy ratio at 20.3%.
Capital Capital position comfortably above regulatory minima
31
63 68 72
7 10 103
4 57383 86
+19%
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
4Q 19 3Q 20 4Q 20
Capitalisation (SARbn)
Common equity tier 1 capital (CET1) Additional tier 1 capital (AT1)Tier 2 capital (T2)
337 386 377
36 37 3817
8 10390431 425
+9%
0.00
100.00
200.00
300.00
400.00
500.00
600.00
700.00
4Q 19 3Q 20 4Q 20
Pillar I Risk Weighted Assets (SARbn)
Credit risk Operational risk Market risk
16.1%
14.4%
15.6% 15.8%16.9%
17.9%
16.0%
18.0% 18.2%
19.3%
18.7%
16.9%
19.0% 19.2%
20.3%
0
0
0
0
0
0
0
0
0
4Q 19 1Q 20 2Q 20 3Q 20 4Q 20
Capital Ratios (%)
CET1 ratio T1 ratio TC ratio
2020
T1 Guidance
> 18%
72.7 11.4
(0.4)
3.2 3.1
(3.6)
86.5
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
FY 19 Net Income Tier 1Sukuk Cost
Tier 1Sukuk Issued,
net
Dividends Other FY 20
Movement in Total Capital (SARbn)
NCB Investor Relations | 4Q 2020 Investor Presentation
SEGMENTAL REVIEW
3Q 2020 Results
4Q 2020 Results
NCB Investor Relations | 4Q 2020 Investor Presentation
NCB Bank (standalone) Modest FY 2020 net income after zakat decline resulting from higher impairments
33
Management Commentary
FY 2020 Net income after zakat declined 3% YoY as 2%
operating income growth was more than offset by a higher
impairment charge and rise in operating expenses.
NSCI improved by 2% YoY due to an increase in average
earning assets partly offset by margin pressure from lower
rates.
Financing and advances, net increased 24% from 99%
growth in Mortgage and growth across all core portfolios.
Summary Financial Performance
SAR (mn) 4Q 2020 3Q 2020 4Q 2019 YoY % change FY 2020 FY 2019 YoY %
change
Total assets 563,445 543,109 479,634 +17% 563,445 479,634 +17%
Total operating income 5,120 4,927 4,922 +4% 18,724 18,305 +2%
Net special commission income 4,443 3,749 4,519 -2% 15,402 15,140 +2%
Fee income from banking services, net 16 299 (122) -113% 1,034 1,028 +1%
Operating expenses (1,386) (1,395) (1,168) +19% (5,462) (5,244) +4%
Total impairment charge (295) (249) (214) +38% (1,510) (945) +60%
Other non-operating income (expenses), net (15) (51) (7) +111% (109) 29 -480%
Net income for the period before Zakat 3,424 3,232 3,534 -3% 11,643 12,145 -4%
Zakat (355) (335) (365) -3% (1,205) (1,329) -9%
Net income for the period after Zakat 3,069 2,898 3,169 -3% 10,438 10,815 -3%
% of total assets 94.0% 94.2% 94.6% -1% 94.0% 94.6% -1%
Cost to income (%) 27.1% 28.3% 23.7% +14% 29.2% 28.6% +2%
NCL (%) 0.3% 0.3% 0.3% -14% 0.5% 0.4% +34%
ROA (%) 2.3% 2.2% 2.7% -17% 2.0% 2.4% -16%
262312 324
+24%
0
100
200
300
400
500
600
4Q 19 3Q 20 4Q 20
Financing and Advances, net (SARbn)
328379 387
+18%
0
100
200
300
400
500
600
700
4Q 19 3Q 20 4Q 20
Customers' Deposits (SARbn)
NCB Investor Relations | 4Q 2020 Investor Presentation
Retail Banking FY 2020 net income before zakat growth of 7% YoY from higher operating income and lower impairments
34
Management Commentary
FY 2020 NSCI improved by 6% YoY on strong financing
growth, with mortgage surging 99% YoY.
Operating expenses increased 6% YoY due to higher IT
costs to support increased demand for digital transactions.
Net income before zakat increased by 7% YoY driven
principally by 3% higher operating income (despite SAMA
fee waivers), and lower impairment charge.
Summary Financial Performance
SAR (mn) 4Q 2020 3Q 2020 4Q 2019 YoY % change FY 2020 FY 2019 YoY %
change
Total assets 204,642 189,002 154,249 +33% 204,642 154,249 +33%
Total operating income 2,670 2,513 2,512 +6% 10,030 9,708 +3%
Net special commission income 2,538 2,426 2,368 +7% 9,480 8,960 +6%
Fee income from banking services, net 118 94 39 +203% 501 443 +13%
Operating expenses (1,156) (1,060) (893) +29% (4,169) (3,929) +6%
Impairment charge 147 (0) (55) -367% (58) (449) -87%
Other income (expenses) (6) (16) (3) +91% (37) 69 -154%
Net income for the period before Zakat 1,654 1,436 1,561 +6% 5,765 5,398 +7%
% of total assets 34.1% 32.8% 30.4% +12% 34.1% 30.4% +12%
Cost to income (%) 43.3% 42.2% 35.5% +22% 41.6% 40.5% +3%
CoR -0.3% 0.0% 0.2% -291% 0.0% 0.4% -90%
ROA (% before zakat & taxes) 3.4% 3.2% 4.2% -19% 3.2% 3.7% -14%210 228 237
+13%
0
50
100
150
200
250
300
350
400
450
4Q 19 3Q 20 4Q 20
Customers' Deposits (SARbn)
123159 174
+42%
0
50
100
150
200
250
300
350
4Q 19 3Q 20 4Q 20
Financing & Advances, net (SARbn)
NCB Investor Relations | 4Q 2020 Investor Presentation
Corporate Banking Net income before zakat impacted by rate cuts and higher impairment charges due to adverse operating environment
35
Management Commentary
FY 2020 Operating income declined by 13% YoY; NSCI
declined by 13% primarily due to lower market rates.
Fee income declined by 12% on slower trade finance
income.
Impairments increased by SAR 886mn YoY, largely
attributable to adverse operating environment and Covid-
19 impacts.
Summary Financial Performance
SAR (mn) 4Q 2020 3Q 2020 4Q 2019 YoY % change FY 2020 FY 2019 YoY %
change
Total assets 139,448 145,987 132,100 +6% 139,448 132,100 +6%
Total operating income 1,035 996 1,527 -32% 4,084 4,711 -13%
Net special commission income 883 892 1,337 -34% 3,646 4,210 -13%
Fee income from banking services, net 152 104 189 -20% 440 501 -12%
Operating expenses (248) (227) (189) +32% (943) (870) +8%
Impairment charge (386) (287) (225) +71% (1,438) (552) +160%
Other income (expenses) (2) (10) (1) +186% (25) (17) +46%
Net income for the period before Zakat 398 472 1,112 -64% 1,679 3,272 -49%
% of total assets 23.3% 25.3% 26.1% -11% 23.3% 26.1% -11%
Cost to income (%) 24.0% 22.7% 12.4% +94% 23.1% 18.5% +25%
CoR 1.1% 0.8% 0.7% +64% 1.1% 0.4% +157%
ROA (% before zakat & taxes) 1.1% 1.3% 3.3% -66% 1.2% 2.5% -50%
128 140 133
+3%
0
50
100
150
200
250
4Q 19 3Q 20 4Q 20
Financing & Advances, net (SARbn)
107133 141
+31%
0
50
100
150
200
250
300
4Q 19 3Q 20 4Q 20
Customers' Deposits (SARbn)
NCB Investor Relations | 4Q 2020 Investor Presentation
Treasury Growth in net income before zakat from operating income growth
36
Management Commentary
FY 2020 Net income before zakat improved by 20% YoY
driven by 18% higher operating income. Operating income driven by 16% higher NSCI and +27%
investment related income.
Summary Financial Performance
SAR (mn) 4Q 2020 3Q 2020 4Q 2019 YoY % change FY 2020 FY 2019 YoY %
change
Total assets 211,401 200,243 185,601 +14% 211,401 185,601 +14%
Total operating income 1,418 1,417 883 +61% 4,609 3,908 +18%
Net special commission income 749 508 449 +67% 2,281 1,970 +16%
Fee income from banking services, net 22 25 14 +62% 93 84 +11%
Other operating income 647 885 420 +54% 2,235 1,854 +21%
Operating expenses 18 (108) (86) -121% (349) (445) -22%
Impairment charge (55) 39 67 -183% (14) 56 -125%
Other income (expenses) (6) (24) (3) +113% (48) (23) +106%
Net income for the period before Zakat 1,374 1,323 861 +60% 4,198 3,497 +20%
% of total assets 35.3% 34.7% 36.6% -4% 35.3% 36.6% -4%
Cost to income (%) -1.3% 7.6% 9.8% -113% 7.6% 11.4% -33%
ROA (% before zakat & taxes) 2.7% 2.6% 1.9% +41% 2.1% 2.1% +1%
134 144 145
+8%
0
50
100
150
200
250
300
4Q 19 3Q 20 4Q 20
Investments, net (SARbn)
1,970 2,281
1,938 2,328
3,9084,609
+18%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
FY 19 FY 20
Total Operating Income (SARmn)
Net special commission income
Fee and other income
NCB Investor Relations | 4Q 2020 Investor Presentation
Capital Markets Higher net income growth driven by higher operating income
37
Management Commentary
FY 2020 Net income before zakat increased by 78% YoY
driven by 44% higher operating income. Operating income increased due to higher brokerage-
related fee income (+246%) and AUM-related fee income
(+7%).
Summary Financial Performance
SAR (mn) 4Q 2020 3Q 2020 4Q 2019 YoY % change FY 2020 FY 2019 YoY %
change
Client assets under management 185,589 174,358 156,009 +19% 185,589 156,009 +19%
Brokerages Volume 208,577 155,063 54,244 +285% 509,439 183,375 +178%
Total operating income 378 286 225 +68% 1,133 787 +44%
Net special commission income 5 4 5 +8% 19 18 +3%
Fee income from banking services, net 358 270 210 +70% 1,084 715 +52%
AUM Related Fee Income 144 122 127 +13% 537 500 +7%
Brokerage Related Fee Income 179 134 36 +400% 429 124 +246%
Other operating income (expenses) 15 12 10 +45% 30 53 -43%
Operating expenses (84) (76) (92) -9% (317) (328) -3%
Net income before Zakat 294 210 134 +120% 816 459 +78%
Cost to income (%) 22.2% 26.6% 40.8% -46% 27.9% 41.6% -33%
156 174 186
+19%
0
50
100
150
200
250
300
350
4Q 19 3Q 20 4Q 20
Client Assets Under Management (SARbn)
183
509
+178%
0
200
400
600
800
1,000
1,200
FY 19 FY 20
Brokerages Volume (SARbn)
NCB Investor Relations | 4Q 2020 Investor Presentation
International (in TRY) FY 2020 net income growth YoY on higher operating income
38
Management Commentary
FY 2020 Net income after tax grew 79% primarily due to strong
growth in operating income.
Operating income increased by 32% YoY boosted by 26% higher
NSCI, which in turn was a result of reduced funding costs
(special commission expense declined by 23% YoY).
NSCI improved by 26% YoY due to decreasing borrowing costs
mainly from rate cuts and 92% increase in demand deposit.
Operating expenses rose 21% YoY from inflationary pressures
(+14.6% YoY CPI) and additional expenses for Covid-19.
Impairments increased 14% as NPL coverage was improved and
additional provisions were required due to Covid-19.
Summary Financial Performance
TRY (mn) 4Q 2020 3Q 2020 4Q 2019 YoY % change FY 2020 FY 2019 YoY %
change
Total assets 80,880 79,982 52,051 +55% 80,880 52,051 +55%
Total operating income 558 815 659 -15% 2,966 2,246 +32%
Net special commission income 515 664 501 +3% 2,342 1,854 +26%
Fee income from banking services, net 67 57 70 -4% 264 267 -1%
Operating expenses (346) (327) (278) +24% (1,335) (1,101) +21%
Impairment charge (126) (249) (115) +10% (818) (719) +14%
Other income (expenses) 4 98 101 -96% 420 176 +139%
Net income for the period before tax 115 243 279 -59% 873 477 +83%
Tax (30) (56) (61) -51% (197) (99) +99%
Net income after tax 85 187 218 -61% 676 378 +79%
Cost to income (%) 61.9% 40.1% 42.2% +47% 45.0% 49.0% -8%
CAR (%) 16.8% 15.8% 17.4% -4% 16.8% 17.4% -4%
Tier 1 CAR % 11.8% 11.6% 12.9% -8% 11.8% 12.9% -8%
LTD ratio (%) 74.9% 78.8% 76.2% -2% 74.9% 76.2% -2%
31.110.5 41.6 3.4 45.0
+34%
+45%
0
10
20
30
40
50
60
70
80
90
100
4Q 19Reported
Growth atconstant FX
4Q 20Underlying
TFKB FXtranslation
impact
4Q 20Reported
Financing & Advances, net (TRYbn)
40.69.2 49.8
8.7 58.5
+23%
+44%
0
10
20
30
40
50
60
70
4Q 19Reported
Growth atconstant FX
4Q 20Underlying
TFKB FXtranslation
impact
4Q 20Reported
Customers' Deposits (TRYbn)
45% 32%% of balance in foreign currency
62% 73%% of balance in foreign currency
NCB Investor Relations | 4Q 2020 Investor Presentation
APPENDIX
3Q 2020 Results
4Q 2020 Results
NCB Investor Relations | 4Q 2020 Investor Presentation
NCB and Samba Merger Forming a New Saudi Banking Champion & Regional Powerhouse
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NCBShareholders to own 67.4%
SambaShareholders to own 32.6%
Two leading banks with complementary strengths and leading market positions across all key metrics, enabling social and economic prosperity and propelling the Kingdom towards achieving Vision 2030.
The largest bank in Saudi ArabiaA new Saudi banking
champion Significant value for all shareholders
Key milestones
Approvals – All local regulatory approvals now received – Saudi Central Bank, CMA, Tadawul, GAC. Foreign regulatory requirements completed
Timing – Merger originally expected to take up to 9 months to close but progress has been made ahead of plan. The effective date of the merger is now planned for 1st
April 2021.Key dates:
EGM Invitation: 8th February 2021 EGM date: 1st March 2021 Creditor Objection period: 1st March - 31st March 2021 Legal day 1: 1st April 2021
Name – Saudi National Bank will be the new name of the Merged Bank upon the Merger effective date
Integration – IMO established and detailed integration masterplans prepared; the integration execution is expected to commence by April 2021
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NCB Investor Relations | 4Q 2020 Investor Presentation
ADDITIONAL INFORMATION
3Q 2020 Results
4Q 2020 Results
NCB Investor Relations | 4Q 2020 Investor Presentation
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.
Disclaimer
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NCB Investor Relations | 4Q 2020 Investor Presentation
Contact Us
The National Commercial Bank
P.O. Box 3555
21481 Jeddah, Kingdom of Saudi Arabia
Mr. Abdulbadie Alyafi
Head Of Investor Relations
More Information
Visit: http://www.alahli.com/en-us/Investor_Relation
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