Burgan Bank wins “Best Domestic Retail Bank of the Year” award from the Asian Banking & Finance Magazine

Press release

Published July 30th, 2013 - 09:48 GMT

Al Bawaba

Burgan Bank announced today that it has won the coveted “Best Domestic Retail Bank of the Year” award from the Asian Banking and Finance Magazine, one of the world’s and Asia’s most distinguished publications that reports on an extensive range of financial news across different practices.

The bank’s success was announced recently at the Asian Banking and Finance Awards 2013 in Singapore, where judges from global institutions have identified banking products, activities, technologies, services as well as strategies that continue to enhance the overall banking and finance sector.

Venkat Menon, Burgan Bank’s Chief Operations Officer and Acting Chief Retail Banking Officer said: “We are proud of to have received this important accolade, which mirrors Innovation and creativity behind our growing retail banking business. Burgan Bank originally set out to make a long-term commitment to customer service, and product innovation. This award recognizes the bank’s remarkable success and is a testament to the continuous investments in delivering top products and high quality services to our growing number of customers.”

Burgan Bank continues to execute its strategic plan and adopt best practices that are in line with its overall growth objective on different fronts. The new award follows an extensive list of recognitions that the bank continues to receive, which highlights its growth story and progress of its local, regional and international operations. Moreover, Burgan Bank has one of the largest regional branch networks with more than 216 branches across Kuwait, Turkey, Jordan, Algeria, Iraq, Tunisia, Lebanon and Palestine.

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.