Burgan Bank Group’s Subsidiary Bank of Baghdad Participates in Invest in Iraq Conference
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
Burgan Bank, a subsidairy of KIPCO (Kuwait Investment Projects Company), is a regional bank with majority owned subsidairies in the MENA region. The youngest and most dynamic regional commercial bank, established in 1977, the Bank has acquired a leading role in the retail, corporate and investment banking sector through innovative product offers and technologically advanced delivery channels. Its subsidairies include Gulf Bank Algeria (Algeria), Bank of Baghdad (Iraq) , Jordan Kuwait Bank (Jordan) and Tunis International (Tunis). It has continuously improved its performance over the years by applying an extended revenue structure, good asset quality, diversified funding sources and a strong capital base. The adoption of state-of-the-art services and ground-breaking technology has positioned it as a trendsetter in the domestic market and within the MENA region. At present Burgan Bank has branches and ATMS's located across strategic locations all over kuwait.
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