Burgan Bank Extends Banking Facilities to Support individuals, Small and Medium-Sized Enterprises (SMEs) and the Economic Entities Negatively-Affected by COVID-19 due to the exceptional work conditions that have been taken precautionary. These facilities are in accordance with the regulatory framework developed by the Central Bank of Kuwait ("CBK").

To apply for Finance, the owners of Small and Medium Enterprises, Start-up companies, and Handicraft Establishments are kindly requested to download and fill in the forms attached herewith.

Conditions to be met for Small & Medium Enterprises (SMEs) (including but not limited to):

  • All Partners must be Kuwaiti.
  • The Partners should be over 21 years old.
  • The employer should not be actively employed under a different entity.
  • The number of workers shall not exceed 150.
  • The assets shall not exceed KD 500,000.
  • The Revenues shall not exceed KD 1,500,000.

Terms and Conditions stipulated in the Economic Package (including but not limited to):

  • The activity shall maintain the existing national workforce, and achieve the National Employment Ratio by the end of 2021.
  • The activity shall generate operating profits during the previous period.
  • The company shall not be default and non-performing as of 31/12/2019 until the date of submitting the application, except for startup companies.

The below table summarizes the cost of finance of the negatively-affected client:


Occurred Interest/profit due to lending

First Year (Grace Period)

Fully covered by the state’s general budget

Second Year (Grace Period)

Fully covered by the state’s general budget

Third Year

The state’s general budget covers 90%, while the client covers 10%

Forth Year

The state’s general budget covers 80%, while the client covers 20%

Fifth to Tenth Year

Fully covered by the client

For further details on the terms and conditions of the program, Click Here.

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