Burgan Bank wins Best Private Bank in Kuwait Award by World Finance

Press release

Published August 14th, 2011 - 06:23 GMT

The award comes in recognition of Burgan Bank’s continuous commitment towards providing excellent services to its private banking clientele

Burgan Bank today announced that it has been awarded the prestigious “2011 Best Private Bank in Kuwait” award by World Finance, one of the world’s most influential and leading financial magazine.

The award comes in recognition of Burgan Bank’s continuous commitment towards providing excellent services to its private banking clientele, and its vision to implement international best practices to ensure the delivery of a trusted premium private banking service.

Burgan Bank’s success was announced at the World Finance Banking Awards 2011 in London. Winners were chosen by a judging panel of international industry experts from companies such as rating agencies as well as from some of the region’s leading financial centers in addition to subscribers-based voting.

Eduardo Eguren, Burgan Bank’s CEO said: “We are very pleased with our recent achievement of being recognized as the “Best Private Bank” in Kuwait 2011. I would like to thank our customers for this trust and our colleagues in the private banking for this achievement.”

May Al-Mudhaf, Burgan Bank’s Chief Investment Banking and Treasury Officer said, “We are extremely delighted to have won the “2011 Best Private Banking” award from a global publication. This recognition motivates us to enhancing our premium banking services to our clients. This recognition brings more responsibility on myself and my colleagues at Burgan Private Banking and we are committed to further excel in our offerings to maintain our customers’ valuable trust”

“Earlier in 2007, Burgan Bank was recognized by Euromoney as the Best Local Private Bank in Kuwait, This year’s award by World Finance is again, an additional recognition of our commitment to attain trust through excellence.” Added Ms. Al-Mudhaf.

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.