Burgan Bank’s newly launched “BuBa Kids Account” Hails Great Success

Press release

Published November 30th, 2011 - 07:49 GMT

BuBa Kids Account

Burgan Bank announced today that its newly launched “BuBa Kids Account” has hailed great success. The bank witnessed an increased demand from customers to open their new accounts, which is a tribute to the innovative rewards scheme associated with the new product.

The BuBa account, which has been developed specifically for children up to 14 years old, gives parents the opportunity to save money for their children while benefiting from a wide range of features that are associated with it.

Two draws will also be held in February and May 2012 for BuBa Account holders to grant them a family trip to Abu Dhabi in collaboration with Ritz Travel, and experience the excitement of Ferrari World. For every KD20 deposited in their accounts, customers will receive one chance to enter the draw.

Ms. Haneen Al Rumaihi, Head Of Marketing at Burgan Bank said: “Today’s announcement marks a new successful milestone in our continued achievements to providing our clients with added value banking products. The new “BuBa Kids Account” has witnessed an increased demand, as more customers continue to open their new accounts, and enjoy the wide range of benefits associated with it.”

The minimum opening balance of the “BuBa Kids Account” is KD 10. Children will also be entitled to a free branded ATM VISA Electron card that can be used at any ATM or point of sale (POS) in Kuwait and around the world.

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.