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
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
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
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
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.
Burgan Bank, the youngest commercial bank in Kuwait and the country's third largest by assets, received a major boost after Brand Finance, the international brand valuation company, re-affirmed its AA brand rating with a positive outlook.
Burgan Bank has announced that its Burgan Equity Fund has recorded a successful performance, with the fund’s net asset value (NAV) at KD1.81394 ($6.47) per unit, as of December 31, 2012, in comparison with KD1.67228 in 2011, having an annu
Kuwait’s Burgan Bank Group has extended its regional brand platform to Turkey following its recent acquisition Eurobank Tekfen, which will now operate under the name of Burgan Bank – Turkey.
Its subsidiaries EFG Istanb
Kamco, a subsidiary of United Gulf Bank (UGB) and NBK Capital have announced the successful completion of a KD100 million ($356 million) lower tier II (LT2) subordinated bond issue by Kuwait-based Burgan Bank.
Kuwait-based Burgan Bank has announced the successful completion of a KD100 million ($356 million) lower tier II subordinated bond issue.
The bond marks the first KD-denominated lower tier II (LT2) subordinated bond, largest priva