Burgan Bank Takes Part in KBA’s 80 Years of Banking Evening Reception in Washington, DC

Burgan Bank recently took part in the Kuwait Banking Association evening reception in Washington, DC, which was held on the sidelines of the 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG). The event took place under the patronage of his Excellency the Minister of Finance, Mr. Abdulwahab Muhammad Al Rashid, and his Excellency the Governor of Central Bank of Kuwait, Mr. Basel A. Al-Haroon, in celebration of 80 years of banking in Kuwait. 

The Burgan Bank delegation was headed by a number of senior executive members of the Bank’s leadership team, including: Mohammad Al-Zanki, Head of Corporate Banking; Abdullah Marafie, Chief Treasury Officer; Dalal Al Sane, Head of Investment Banking; and Qutaibah Ahmad Al Rabe – Head of Digital and Marketing Communications. The Burgan team joined the rest of the high-level invitees to the exclusive event, including the Kuwait delegation to the Annual Meetings, Kuwait’s Ambassador to Washington, DC, Mr. Jasem Mohamed Albudaiwi and key decision makers from across Kuwait’s banking sector. The evening served first a showcase of the impressive legacy of the Kuwaiti banking sector since its founding and its achievements during that time. It was also a chance for the movers and shakers from within the sector to address the future of banking in the country in light of rapid developments and shifting paradigms. 

Speaking about the Bank’s participation in the reception, Qutaibah Ahmad Al Rabe – Head of Digital and Marketing Communications at the Bank, said: “At Burgan Bank, we have always sought to be an active and leading member of Kuwait’s banking sector. That is why we are keen to be a part of key industry events that seek to generate positive discussions and drive positive action when it comes to economic development and growth. It is absolutely critical for us as industry leaders to get together, and with top international industry shapers like the IMF and WBG, to address the key issues, challenges and opportunities facing the world of banking. Fast-paced change and ever-growing market demands mean that we need to be in constant pursuit of innovation and development in our operations, customer experience and service offerings.”

Al Rabe further added: “Our strategy as a Bank is focused on our domestic market and driving sustainable and diversified growth within it. Accordingly, we seek to focus our efforts on the three core pillars of sustainability, digitalization and human capital development – both within our own organization but also within the sector and economy at large. This reception was not only a chance for us to celebrate the resounding success of the Kuwaiti banking sector over the course of eight decades; it was also a great opportunity for us to engage our peers and global thought leaders in fruitful conversations about driving even greater success within the sector in the coming years.” 

The Annual Meetings of the Boards of Governors of the IMG and WBG bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.