Burgan Bank, established 27 December 1975, is a Kuwaiti bank headquartered in Kuwait City. It is Kuwait's second-largest conventional bank by assets.[1] It is a subsidiary of Kuwait Projects Company Holding and operates a network of 24 branches and over 100 ATMs. In 2007, Burgan Bank recorded a profit of 74.8 million Kuwaiti Dinars, up 34% since the previous year, where they had a profit of 55.7 million Kuwaiti dinar.[citation needed]
 | |
Native name | بنك برقان |
|---|---|
| Company type | Public |
| KSE:BURG | |
| ISIN | KW0EQ0100077 |
| Founded | 27 December 1975 |
| Headquarters | Kuwait City, Kuwait |
Key people | Sheikh Abdullah Nasser Al-Sabah (Chairman) Antoine Jean Daher (Group CEO) Fadel Mahmoud Abdullah (CEO) |
| Revenue |  KWD 543.46 million (2023) |
| KWD 34.49 million (2023) | |
In December 2023, Burgan Bank obtained the approval of the Central Bank of Kuwait and appointed Fadel Mahmoud Abdullah as the new CEO.[2]
On 23 December 2012, Burgan Bank acquired, from Eurobank, a 70% stake in Tekfenbank, which is a Turkish bank in Cyprus.[3]
References
edit- ^ "Kuwait's Burgan Bank sells $500 MLN in bonds to boost capital". Reuters. 2 July 2019. Retrieved 16 September 2021.
- ^ "Fadel Abdullah appointed as Burgan Bank's CEO - Kuwait". kuwaittimes. 10 December 2023. Retrieved 29 May 2024.
- ^ Kholaif, Dahlia (23 December 2012). "Burgan Bank Concludes Purchase of Eurobank Tekfen". Bloomberg News. Archived from the original on 15 July 2014. Retrieved 16 September 2021.
