The National Commercial Bank Investor Presentation€¦ · NCB Investor Relations | 4Q 2020...

NCB Investor Relations | 4Q 2020 Investor Presentation

Investor Presentation

The National Commercial Bank

3Q 2020 Results

4Q & FY 2020 Results


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


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


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)


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


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


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


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


FINANCIAL RESULTS HIGHLIGHTS

3Q 2020 Results

4Q 2020 Results


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


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%


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%


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


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


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


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


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%


FINANCIAL RESULTS DETAILS

3Q 2020 Results

4Q 2020 Results



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.


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%


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


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%)



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.



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)


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)


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


Consumer and credit cardCorporateInternationalOther

282 347

0

50

100

150

200

250

300

350

400

450

4Q 19 4Q 20


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%)


52

(15)

0

25

(3)

1 0 60

+9 bps

-

20

40

60

80

100

120

FY 19 Impairments Recoveries& Other

Impairments Recoveries& Other


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


Movement in Impairments (SARmn)


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%



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 -


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)



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)



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


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)



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



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)


SEGMENTAL REVIEW

3Q 2020 Results

4Q 2020 Results


NCB Bank (standalone) Modest FY 2020 net income after zakat decline resulting from higher impairments

33


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


328379 387

+18%

0

100

200

300

400

500

600

700

4Q 19 3Q 20 4Q 20



Retail Banking FY 2020 net income before zakat growth of 7% YoY from higher operating income and lower impairments

34


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.



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


123159 174

+42%

0

50

100

150

200

250

300

350

4Q 19 3Q 20 4Q 20



Corporate Banking Net income before zakat impacted by rate cuts and higher impairment charges due to adverse operating environment

35


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.



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


107133 141

+31%

0

50

100

150

200

250

300

4Q 19 3Q 20 4Q 20



Treasury Growth in net income before zakat from operating income growth

36


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.



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


Capital Markets Higher net income growth driven by higher operating income

37


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%).



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)


International (in TRY) FY 2020 net income growth YoY on higher operating income

38


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.


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


APPENDIX

3Q 2020 Results

4Q 2020 Results


NCB and Samba Merger Forming a New Saudi Banking Champion & Regional Powerhouse

40

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

1

2

3

4


ADDITIONAL INFORMATION

3Q 2020 Results

4Q 2020 Results


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

42


Contact Us

The National Commercial Bank

P.O. Box 3555

21481 Jeddah, Kingdom of Saudi Arabia

Mr. Abdulbadie Alyafi

Head Of Investor Relations

[email protected]

More Information

Visit: http://www.alahli.com/en-us/Investor_Relation

to access NCB’s current and previous Investor Publications including:

Financial statements

Pillar III Disclosures

Earnings releases

Investor presentations

Financial data packs (in Excel)

NCB Contacts NCB welcomes your feedback and inquiries

43

mailto:[email protected]

http://www.alahli.com/en-us/Investor_Relation

Date post:	30-Mar-2021
Category:	Documents
Upload:	others
View:	2 times
Download:	0 times

The National Commercial Bank Investor Presentation€¦ · NCB Investor Relations | 4Q 2020...

Documents