Burgan Bank
 | This article relies too much on references to primary sources. (December 2008) |
Burgan Bank, established 1977, is Kuwait's second largest conventional bank by assets.[1] It is a subsidiary of Kuwait Projects Company Holding and operates a network of 24 branches and over 100 ATMs. Burgan is one of the youngest banks in Kuwait[citation needed]. Burgan Bank recorded a profit of 74.8 million Kuwaiti Dinars for the year 2007, up 34% from 55.7 million in 2006.[citation needed]
Ahmad Al Abdullah Al Sabah is one of the former chairmen of the bank.[2]
On 23 December 2012, Burgan Bank acquires from Eurobank a 70% stake in Tekfenbank, which is a Turkish bank in Cyprus.[3]
References[]
- ^ Reuters staff (2 July 2019). "UPDATE 1-Kuwait's Burgan Bank sells $500 MLN in bonds to boost capital". Reuters. Retrieved 16 September 2021.
- ^ MacDonald, Fiona (9 February 2009). "Kuwait Appoints Sheikh Ahmed Al Sabah Oil Minister". Bloomberg News. Archived from the original on 24 November 2013. Retrieved 24 November 2013.
- ^ Kholaif, Dahlia (23 December 2012). "Burgan Bank Concludes Purchase of Eurobank Tekfen". Bloomberg News. Archived from the original on 15 July 2014. Retrieved 16 September 2021.
External links[]
Categories:
- Companies listed on the Boursa Kuwait
- 1977 establishments in Kuwait
- Banks established in 1977
- Banks of Kuwait