Burgan Bank hosts first internal audit conference for Kuwait banking industry
Burgan Bank recently hosted the 1st Internal Audit Conference for Banking Industry in Kuwait, which took place recently at the Sheraton Kuwait Hotel. The conference included heads of audit departments from local and foreign banks that are members of the Kuwait Banking Association.
The event provided a platform for representatives from international audit firms such as Ernst & Young, KPMG, PWC, Deloitte and Protivity to highlight the emerging internal audit trends and best practices.
Mr. Amr El Kasaby, Burgan Bank’s Group Chief Internal Auditor said: “It is important to recognise the significant role an internal audit function plays within an organization. In banks, these units are crucial for operational effectiveness and make major contributions to the working and regulatory relationship between management.”
“At Burgan Bank, we believe that a strong internal audit department is part of sound corporate governance. We continue to provide more practical training for our employees as well as our subsidiaries with an aim to constantly enhance our overall performance,” added El Kasaby.
Burgan Bank continues to demonstrate its leadership by hosting professional conferences, and applying best practice methods across its wide operations, with an aim of ensuring consistent high quality delivery of banking solutions in the region.
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.