Burgan Bank Group’s Subsidiary Bank of Baghdad Participates in Invest in Iraq Conference

Press release
Published February 13th, 2018 - 11:08 GMT
Bank of Baghdad, a subsidiary of Burgan Bank Group is currently the largest private bank in Iraq.
Bank of Baghdad, a subsidiary of Burgan Bank Group is currently the largest private bank in Iraq.

Burgan Bank, a diversified growing financial powerhouse, welcomed one of its majority-owned subsidiaries, the Bank of Baghdad (BoB) delegation to Kuwait who attended the “Invest in Iraq Conference” held in Kuwait City. The high-level international conference aimed at raising capital to rebuild Iraq’s infrastructure and  businesses, a vision shared by Burgan Bank and Kuwait Projects Company (KIPCO), its parent company, who are firmly committed to helping the reconstruction of Iraq’s economy and local communities.

Bank of Baghdad, a subsidiary of Burgan Bank Group is currently the largest private bank in Iraq with presence in 18 governorates through a branch network of 41 branches and is uniquely positioned to contribute to Iraq’s financial reconstruction.

Under the patronage of His Highness, The Amir of Kuwait Sheikh Sabah Al Ahmad Al Jaber Al Sabah along with several Kuwaiti, Iraqi and global delegates from the World Bank, United Nations and the European Union and private entities, the conference was dedicated to rebuilding war-torn Iraq through their combined efforts.  Sharing in a similar vision, in unison with other Arab countries, the officials discussed gathering sufficient financial aid that would lead to the successful development of the Iraq based sectors and its people and attract foreign investment as Iraq opens for business.

Held between February 12 – 13, 2018 the conference was attended by Burgan Bank, KIPCO and Bank of Baghdad officials namely Mr.Masaud Hayat, CEO Banking of KIPCO and / Burgan Bank and Bank of Baghdad Board member, Mr.Saadoun Ali, Burgan Bank and Bank of Baghdad Board member, Mr.Basil AlDhahi, CEO Bank Of Baghdad and Mrs.Huda Al Shammari, Head of International Operations Office - GM of Burgan Bank Group and

For more information on Burgan Bank Group & Bank of Baghdad please visit Burgan Bank’s website www.burgan.com & www.bankofbaghdad.com.

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.

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