Burgan Bank receives the Commerz Bank Quality Recognition Award 2012 for the second time

Press release

Published December 18th, 2012 - 08:26 GMT

During the ceremony

Burgan Bank today announced that it had been awarded the Commerz Bank Quality Recognition Award for the second time. The award is in acknowledgement of the consistent, high quality performance and standards that Burgan Bank’s complete range of Euro funds transfer operations management and staff has maintained during the year.

Commerz Bank said that Burgan Bank achieved the highest level of the award and was amongst few banks across the MENA region to receive this recognition for both its treasury and commercial activities.

Adrian Gostuski, Burgan Bank Group’s Chief operating Officer said: “This is not the first time that Burgan Bank’s operations excellence has been recognized by Commerz Bank, a step that further illustrates the bank’s leading presence in the global financial services market.

“Over the course of the year 2011 and throughout this year the financial industry faced a number of challenges, and we are extremely proud that despite this, Burgan Bank has continued to maintain high quality performance and standards for funds transfer operations” added Gostuski.

Commerz Bank has presented awards in the past to select Euro clearing clients that achieved a best in-class level of operational excellence. These awards are given to clients who achieve outstanding straight-through results by properly formatting their SWIFT payments.

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.