Burgan Bank

Burgan Bank, established 1977, 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. Burgan is one of the youngest banks in Kuwait. Burgan Bank recorded a profit of 74.8 million Kuwaiti Dinars for the year 2007, up 34% from 55.7 million in 2006.

Ahmad Al Abdullah Al Sabah is one of the former chairmen of the bank.[2]

On 23 December 2012, Burgan Bank acquires from Eurobank a 70% stake in Tekfenbank, which is a Turkish bank in Cyprus.[3]

References

Reuters staff (2 July 2019). "UPDATE 1-Kuwait's Burgan Bank sells $500 MLN in bonds to boost capital". Reuters. Retrieved 16 September 2021. {{cite news}}: |author= has generic name (help)
MacDonald, Fiona (9 February 2009). "Kuwait Appoints Sheikh Ahmed Al Sabah Oil Minister". Bloomberg News. Archived from the original on 24 November 2013. Retrieved 24 November 2013.
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

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.

[1] Reuters staff (2 July 2019). "UPDATE 1-Kuwait's Burgan Bank sells $500 MLN in bonds to boost capital". Reuters. Retrieved 16 September 2021. {{cite news}}: |author= has generic name (help)

[2] MacDonald, Fiona (9 February 2009). "Kuwait Appoints Sheikh Ahmed Al Sabah Oil Minister". Bloomberg News. Archived from the original on 24 November 2013. Retrieved 24 November 2013.

[3] 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.