Burgan Bank wins the ‘Best Domestic Cash Management Bank of the Year’ award from Asian Banking and Finance’s Wholesale Banking Awards 2014

Press release

Published August 5th, 2014 - 07:54 GMT

Al Bawaba

Burgan Bank announced today that it has won the coveted ‘Best Domestic Cash Management Bank of the Year” award from the Asian Banking and Finance Magazine’s Wholesale Banking Awards 2014 in Singapore. Mr. Swapnil D. J. Desai, Unit Head – Cash Management at Burgan Bank Corporate Banking Group, received the award on behalf of the bank.

This recognition comes to demonstrate Burgan Bank’s strength and the leading position of its Corporate Banking - Cash Management Services.

The ‘Best Cash Management Bank’ award underlines the bank’s product diversity and exceptional cash management services offered to corporate clients.

Mr. Raed Al Haqhaq, Burgan Bank Chief Banking Officer - SGM said: “Burgan Bank’s Cash Management offering presents itself as a platform that offers a number of key services specialized in cost effective and end to end solutions that optimize cash flows for corporates. Burgan Bank’s Corporate Banking Group have been long dedicated to delivering the best cash management solutions to our clients while remaining firmly committed to maintaining high standards in Kuwait and across the region.”

Burgan Bank’s Cash Management team is committed to providing a comprehensive range of integrated products and services to corporate clients, including payments, collections and electronic banking solutions. The new award follows an extensive list of recognitions that the bank continues to receive, while emphasizing on its success story and progress of its local, regional and international operations.

Background Information

Burgan Bank

Established in 1977, Burgan Bank is the youngest conventional Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region supported by one of the largest regional branch networks. which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon),Tunis International Bank – TIB (Tunisia), and fully owned Burgan Bank – Turkey, (collectively known as the “Burgan Bank Group”). Furthermore, Burgan Bank has a present in the UAE through its corporate office (“Burgan Financial Services Limited) which had helped the bank to participate in multiple financing opportunities in the UAE.