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Burgan Bank - Burgan Bank
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Burgan Bank

Official Certification
Kuwait
Business
20 Year
Current Enterprise Rating
5.00
Industry Rating
a

Enterprise Introduction

Full Name Of The Enterprise
Full Name Of The Enterprise
Burgan Bank
Country
Country
Kuwait
Market Classification
Market Classification
Business
Enterprise Classification
Enterprise Classification
Bank
Registration Time
Registration Time
1975
Business Status
Business Status
Active

Burgan Bank was established on December 27, 1975 and is a Kuwaiti bank headquartered in Kuwait City. It is the second largest traditional bank in Kuwait by assets. It is a subsidiary of Kuwait Projects Company Holding and operates a network of 24 branches and more than 100 ATMs. In 2007, Burgan Bank's profit was 74.80 million Kuwaiti dinars, a 34% increase over the previous year's profit of 55.70 million Kuwaiti dinars.

In December 2023, Burgan Bank received approval from the Central Bank of Kuwait to appoint Fadel Mahmoud Abdullah as its new CEO.

On December 23, 2012, Burgan Bank acquired from Eurobank a 70% stake in Tekfenbank, a Turkish bank based in Cyprus

Founded in 1977, Burgan Bank is the youngest commercial bank in Kuwait and the second largest commercial bank in Kuwait by assets. It mainly focuses on the Corporate and Financial Institution Group sector and has a growing retail and private banking customer base. Burgan Bank, a majority-owned subsidiary in the MENAT region, is supported by one of the largest regional branch networks, including Algerian Gulf Bank - AGB (Algeria), Baghdad Bank - BOB (Iraq and Lebanon), Tunisian International Bank - TIB (Tunisia) and the wholly-owned Burgan Bank - Turkey (collectively known as the "Burgan Bank Group"). In addition, Burgan Bank operates in the UAE through its corporate office ("Burgan Financial Services Limited"), which has helped the bank participate in multiple funding opportunities in the UAE. Over the years, the bank has continuously improved its performance through an expanded revenue structure, diversified funding sources, and a strong capital base. Utilizing state-of-the-art services and technologies, making it a trendsetter in the domestic market and in the Middle East and North Africa region. Burgan Bank's brand is built on genuine values - trust, commitment, excellence and progress to remind us of the high standards we aspire to achieve. "Putting people first" is the foundation for the development of its products and services. The bank has once again received the prestigious ISO 9001:2015 certification, making it one of the few banks in the GCC and Kuwait to have received such certification for the fifth consecutive time. To its credit, the bank is the only one in Kuwait to have received the JPMorgan Quality Recognition Award for 12 consecutive years. Burgan Bank, a subsidiary of KIPCO (Kuwait Projects Corporation), is a strong regional bank in the Middle East and North Africa region.

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Risk Statement
Finance.Wiki reminds you that the data contained in this website may not be real-time or accurate. The data and prices on this website may not be provided by the market or exchange, but may be provided by market makers, so the prices may not be accurate and may differ from the actual market prices. That is, the prices are only indicative prices, reflecting market trends, and are not suitable for trading purposes. Finance.Wiki and the providers of the data contained in this website are not responsible for any losses caused by your trading behavior or reliance on the information contained in this website.
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