 | |
| Native name | بنك برقان |
|---|---|
| Company type | Public |
| Traded as | 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) |
| Net income | KWD 34.49 million (2023) |
Burgan Bank, established 27 December 1975, is a Kuwaiti bank headquartered in Kuwait City. It is Kuwait's second-largest conventional bank by assets. 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.
In December 2023, Burgan Bank obtained the approval of the Central Bank of Kuwait and appointed Fadel Mahmoud Abdullah as the new CEO.
On 23 December 2012, Burgan Bank acquired, from Eurobank, a 70% stake in Tekfenbank, which is a Turkish bank in Cyprus.
References
- "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.
