Burgan Bank was established 1977 as a small local Kuwaiti bank. It has since then adapted, changed, shifted, and grown to become the story of success that it is now. The banking powerhouse is the third largest in terms of assets in Kuwait and composes of five majority owned subsidiaries strategically located across the MENA region and Turkey. The subsidiaries are Gulf Bank Algeria - AGB (Algeria); Bank of Baghdad - BOB (Iraq); Jordan Kuwait Bank - JKB (Jordan); Tunis International Bank - TIB (Tunisia) and Burgan Bank Turkey. Burgan Bank has over 240 branches distributed over MENA, Europe, the Americas, and Asia and has grown from a small local bank to young financial leader.
The Bank has continuously improved its performance over the years through an expanded revenue structure, diversified funding sources, and a strong capital base. The adoption of state-of-the-art services and technology has positioned it as a trendsetter in the domestic market and within the MENA region. The prudent execution of its leading and shrewd strategies lead to the impressive growth levels not only in geographical locations and revenues but in a tremendous increase in value to all its stakeholders; Shareholders, customers, communities, and employees. The Group is now a solid regional financial powerhouse offering complex financial services across 8 countries, through 5 subsidiaries and a network of more than 240 branches operating through a structure that is rock-solid combining innovative business strategies, prudent risk architecture, diversification across all levels, and supported by body of talented professional strategists and executers.
Burgan Bank’s brand has been created on a foundation of real values – of trust, commitment, excellence and progression; a value scheme applied across all spectrums. ‘People come first’ is the foundation on which its products and services are developed. Earlier this year, ‘Brand Finance’ – the international brand valuation company, rated Burgan Bank brand as AA with positive outlook. The rating places Burgan Bank Brand at 2nd amongst the most valuable banking brands in Kuwait.
Excellence is one of the Bank’s four key values and Burgan Bank continually strives to maintain the highest standards in the industry. Burgan Bank Group is definitely emerging internationally as a young, ambitious, and aspirational financial leader.