Wednesday 7 December 2016
 
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Burgan

Burgan Bank posts $56.87m Q3 profit

Kuwait-based Burgan Bank Group has reported a net income of KD17.2 million ($56.87 million) for the third quarter of this year. The net income for the first nine months of 2016 was KD48.6 million ($160.69 million). Earnings per share fo

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Burgan Bank offers customers additional travel discounts

Kuwait-based Burgan Bank today announced the launch of the “travel festival” campaign which has been tailored for all Burgan Bank card holders to enjoy an additional 10 per cent discount on 'Travel Festival' offer from Qatar

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Burgan Q1 net falls on forex income plunge

Burgan Bank, the third-largest lender by assets in Kuwait, said its net profit for the first quarter hit KD14.3 million ($47.66 million), down 18.5 per cent owing to less income from foreign exchange. A unit of Kuwait Projects Com

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Burgan Bank sponsors 'SPARK Marathon'​

Burgan Bank is set to sponsor ‘SPARK Marathon 2016,’ the largest and most anticipated charity race event of the year.    The event, which is being organised by Spark Athletic Centre, is set to ta

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Burgan Bank secures $350m loan

Kuwait's Burgan Bank has secured a $350 million syndicated loan with a life span of two years, the country's third-largest lender by assets said on Sunday. Burgan Bank said the initial funding target was $300 million and t

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Burgan Bank finalises $350m loan

Kuwait's Burgan Bank is in the process of finalising arrangements for a $350 million loan, the Gulf state's third-largest lender by assets said in a bourse statement on Sunday. Burgan will provide the necessary disclosure

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Burgan Bank's redemption threat rattles ME bond market

Investors were caught completely off-guard this week after Burgan Bank announced that it could redeem subordinated bonds ahead of time, raising concerns that bondholders have grown complacent about regulatory risk across the Middle East.

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Burgan Bank increases capital through rights issuance

Burgan Bank, a leading commercial bank by assets in Kuwait, has completed its capital increase through a rights issuance announced earlier. The bank’s shareholders have subscribed in the capital increase during the designate

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Burgan Bank to meet investors ahead of Tier 1 bond

Kuwait's Burgan Bank has chosen banks to arrange meetings with investors ahead of a potential issue of a capital-boosting bond, a document from lead managers said on Thursday, in what would be the first such debt sale from a Kuwaiti entity.

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Burgan, Qatar Airways unveil new credit card

Burgan Bank, a leading Kuwaiti bank, has launched a new co-branded credit card with Qatar Airways and Mastercard.   The Burgan Bank Qatar Airways card with its platinum and gold variants will be offered on the Ma

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