Burgan Bank wins “Best Corporate Bank in Kuwait 2012” award

Press release

Published April 22nd, 2012 - 04:51 GMT

Al Bawaba

Burgan Bank announced that it has received the coveted “Best Corporate Bank in Kuwait 2012” award by Global Banking & Finance Review, one of the world’s leading global banking and finance online publications.

The bank’s most recent achievement comes in recognition of the Corporate Banking Group’s superior performance and expanding on its strategic objectives of maintaining growth levels.

Raed Al-Haqhaq, Chief Banking Officer - Senior General Manager at Burgan Bank said: “We are pleased to have been recognized as Kuwait’s “Best Corporate Bank” in 2012. The award demonstrates our continuous pursuit of offering innovative products and services that meet the various needs of our clients while also supporting them at every stage of their business cycles.”

In 2011, Burgan Bank’s Corporate Banking Group enjoyed new growth levels. It successfully acquired new clients and fostered further growth across its customer base, through launching a range of products and services that include Kuwait’s first online-cash management service, while also completing a range of financing deals in different industry sectors such as construction, infrastructure, oil & gas, trading and services.

“This achievement reiterates the strong level of commitment to develop and provide the best financial solutions to our clients and their businesses,” added Al-Haqhaq.

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.