 | |
Native name | بنك برقان |
|---|---|
| Type | Public |
| KSE:BURG | |
| ISIN | KW0EQ0100077 |
| Founded | 27 December 1975 |
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.
As of 2019 Raed Al Haqhaq was the CEO of the bank.[2]
On 23 December 2012, Burgan Bank acquired, from Eurobank, a 70% stake in Tekfenbank, which is a Turkish bank in Cyprus.[3]
References
- ↑ "Kuwait's Burgan Bank sells $500 MLN in bonds to boost capital". Reuters. 2 July 2019. Retrieved 16 September 2021.
- ↑ "2019 First Half Earnings" (PDF). Burgan Bank.
- ↑ 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.
External links
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