Thursday 24 July 2014
 
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Burgan Bank

Burgan rolls out new leadership program

Kuwait-based Burgan Bank has announced the launch of the ‘Driven from Within’ – the certified Leadership program for the bank’s middle-managers and supervisors in collaboration with the American University of Kuwait.

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Burgan Bank Q1 profit up 10pc to $60m

Burgan Bank Group has reported a net profit of KD17.1 million ($60.76 million) for the first quarter of 2014 as against KD15.6 million reported for the first quarter in 2013, reflecting a growth of 10 per cent. Operating income su

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Burgan seeks bond deal to raise capital

Kuwait's Burgan Bank is said to have hired HSBC, Kamco and NBK Capital for a potential bond deal, according to bankers. It is not clear at this stage if the planned deal will be in US dollars or Kuwaiti dinars, nor whether it

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Kuwait's Burgan mulls 30pc capital hike this year

Kuwait's Burgan Bank wants to raise capital this year in order to comply with Basel III regulations and fuel growth, the lender's chief executive said on Monday. "We are discussing this with the central bank," CE

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Burgan Bank to hold AGM on March 31

Burgan Bank, is the youngest commercial Bank and third largest by assets in Kuwait, will hold its Annual General Assembly meeting for shareholders tomorrow (March 31) at the Chairman’s Club – Burgan Bank Tower. The ban

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Burgan Bank plans $530m bond

Kuwait's Burgan Bank plans to raise up to 150 million Kuwaiti dinars ($531 million) through a conventional bond early next year to fund its expansion in the Mena region, its chairman said on Monday. "We will appoint banks

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Burgan Bank wins top award

Kuwait-based Burgan Bank won the “Best Domestic Retail Bank of the Year” award from the Asian Banking and Finance Magazine, a financial news publication. Asian Banking and Finance Awards 2013 was held in Singapore rece

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Burgan gets nod for stake buy in Maltese bank

Burgan Bank said on Thursday it received regulatory approval to buy a 25 percent stake in Malta's Fimbank. Burgan, the commercial banking arm of Kuwait Projects Co (KIPCO), said in October it was planning to buy the stake in t

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Burgan Bank eyes Egypt for potential assets

Kuwait-based Burgan Bank is looking at potential acquisitions in Egypt to step up international expansion and is not put off by the country's uncertain political situation. "We are looking at Egypt and other countries,&qu

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Burgan Bank net profit up 10pc

Burgan Bank Group, the youngest commercial Bank and third largest by assets in Kuwait, has registered a 10 per cent growth in its net profit for 2012 which hit KD55.6 million ($196.4 million) compared to KD50.6 million the previous year.

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