Awards and recognitions:
Excellence is one of our 4 key values and we continually strive to maintain the highest standards in the industry. Listed below are some of our recognitions that we have received;
a) Banking
Burgan Bank was acknowledged as the ' Best Local Private Bank in Kuwait in the Forth Annual Euromoney Private Banking Survey 2007.
The Bank Received the 'Best Corporate Finance Bank Award' from al Mazaya Holding at the latter's Third Finance Transparency Conference in 2008
Burgan Bank was also declared the region's Most innovative Retail Bank' by the Middle East Retail Banking Awards 2008
b) Corporate Governance
Burgan Bank was recognized as one of the leading banks in the region that upholds sound corporate governance policies and best practices at the 'Regional 2008 Bank Corporate Governance Award' held by the Hawkamah Institute in association with the Union of Arab Banks (UAB) and MasterCard Worldwide. This is the second consecutive year that the bank has been conferred this Award; in 2007, it emerged as the winner of the region's first ever 'Hawkamah UAB Bank Corporate Governance Award 2007', having contended with over 40 banking institutions across the region for the coveted title.
c) Corporate Social Responsibilities
The Bank was nominated and shortlisted for the 'Corporate Social Responsibility Leader of the Year' award category at the MEBA 2008 event.
d) Marketing
Declared a winner at the 2008 Middle East Business Achievement Awards (MEBA) for 'Marketing Strategy of the Year'. Having contended with key players across numerous industries across the region in this category, the bank was recognized for its innovation in marketing strategy, sustenance of the brand promise, customer insight and the overall impact of campaigns on market share and position. Incidentally, Burgan Bank was also the only banking and financial institution to have made it to the final shortlist of the marketing strategy category of the first annual MEBA awards held in 2007.
The awards uniquely celebrate Middle East industry leaders through the appreciation of innovative business practices, business excellence and overall business success
Its marketing excellence was recognized as amongst the best in the region by the Middle East Business achievement Awards 2008
Burgan Bank won the prestigious 2009 Banking Web Awards Prize in the Commercial and Corporate Category for Kuwait which was presented by the Pan Web Awards Academy. The Awards were created with the objective of recognizing excellence and creativity in creating a Banking service online that would cater to the banking needs of all public and private sectors clients.
e) Quality
Burgan Bank was recertified and still the only bank in the GCC with ISO 9001:2000 certification in all its banking business.
The Bank was credited with the distinction of being the only bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award, 10th year in succession.
For two consecutive years, it was conferred the COMMERZBANK Recognition Award, for maintaining high standards of quality, efficiency and reliability while processing Euro currency transactions as well.
Burgan Bank received the World Quality Commitment Gold Award from Business Initiation Directives at the 22nd World Quality Commitment Convention.
Ratings:
Our financial performance was acknowledged by Standards and Poor's Ratings Services which has affirmed its 'BBB+' long-term and 'A-2' short-term counterparty credit ratings.
Further, Moody's Investor Services also rated the Bank's Financial Strength Rating as D+. Consequently, Burgan's long term global local currency (GLC) and long term foreign currency deposit ratings were set at A2.
Capital Intelligence too acknowledged the financial profile and continued the Bank's Financial Strength Ratings of A-, the foreign Currency short term rating as A2 and the foreign Currency Long term Rating of A-.