 | |
Native name | بنك برقان |
|---|---|
| Company 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.[ citation needed]
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.
