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Burgan Bank, established , is a Kuwaiti bank headquartered in
Kuwait City Kuwait City (; ) is the capital and largest city of Kuwait. Located at the heart of the country on the south shore of Kuwait Bay on the Persian Gulf, it is the political, cultural and economic center of the emirate, containing Kuwait's Seif Pal ...
. It is Kuwait's second-largest conventional bank by assets. A subsidiary of Kuwait Projects Company Holding, it operates a network of 24 branches and over 100 ATMs. In 2007, Burgan Bank recorded a profit of 74.8 million
Kuwaiti Dinar The Kuwaiti dinar (, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fulūs. As of 2023, the Kuwaiti dinar is the currency with the highest value per base unit, with KD 1 equalling US$3.26, ahead of the Bahraini dina ...
s, up 34% since the previous year, where they had a profit of 55.7 million
Kuwaiti dinar The Kuwaiti dinar (, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fulūs. As of 2023, the Kuwaiti dinar is the currency with the highest value per base unit, with KD 1 equalling US$3.26, ahead of the Bahraini dina ...
. In December 2023, Burgan Bank obtained the approval of the Central Bank of Kuwait and appointed Fadel Mahmoud Abdullah as the new CEO. On 23 December 2012, Burgan Bank acquired, from Eurobank, a 70% stake in Tekfenbank, which is a Turkish bank in
Cyprus Cyprus (), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea. Situated in West Asia, its cultural identity and geopolitical orientation are overwhelmingly Southeast European. Cyprus is the List of isl ...
. The deal was reached amid increasing interest by banks in Arabian Gulf nations to expand operations in Turkey.


References


External links


Official websiteKipco page
{{DEFAULTSORT:Burgan Bank Companies listed on the Boursa Kuwait 1977 establishments in Kuwait Banks established in 1977 Banks of Kuwait