Burgan Bank

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Recent Articles

• Moody's downgrades KIPCO’s outlook6 September 2009

  Ratings agency cites worsening credit trends at investment firm's Burgan Bank and United Gulf Bank units.

• Moody's affirms NBK rating, downgrades Burgan Bank26 August 2009

  Rating action reflects weakening credit conditions in Kuwait - rating agency.

• Bogus late-night calls from Al-Braikan - witness26 July 2009

  Phone calls could come at any time, but always had same message: "Hi, Hazem here. I have a major scoop for you."

• Burgan Bank introduces prize draw19 April 2009

  Prize draw incentive comes as Kuwait-based bank launches new account.

• Burgan Bank buys major stakes in Algeria, Iraq banks31 March 2009

  Kuwait bank now owns 60% of Gulf Bank and 45.3% of Bank of Baghdad.

• Burgan Bank sees annual profits halved23 February 2009

  Kuwait bank sees annual profits halved to 37.8m dinars after Q4 loss calculated at 28.4m dinars. 

• Kuwait's Burgan Bank profit misses forecasts14 July 2008

  Despite huge growth in loans and deposits, income increases only 6.3% to $84.3mn.

• Burgan Bank ups storage with HP30 June 2008

  Kuwait's Burgan Bank has signed up HP Middle East to provide the financial institution with new storage and disaster recovery systems.

• Burgan denies fresh talks over Iraqi lender29 June 2008

  But Kuwaiti investment bank reiterates plan to acquire stake in Bank of Baghdad.

• Kuwait's Burgan eyes Iraqi stake29 June 2008

  Kuwaiti bank in talks with investors to take position in Iraqi lender, also considering Algeria, Tunisia.

• Burgan Bank to snap up UGB assets for $728mn5 May 2008

  Kuwaiti investment bank agrees to buy foreign assets, part of international expansion.

• Burgan Bank closes in on $1bn United Gulf deal27 April 2008

  Kuwait investment bank to buy commercial lending activities of Bahrain bank.

• Kipco profit driven by banking unit26 April 2008

  Kuwait Projects Company sees Q1 net income double to $112.8mn on growth of Burgan Bank unit.

• Kuwait's Burgan plans first foreign buy6 April 2008

  Lender eyeing acquisitions in North Africa and the Middle East, CEO says.

• Kuwait bank looks to tap regional growth6 April 2008

  Burgan Bank sets sights on Middle East and North Africa for expansion plans, chief exec says.

• Fadi Matar Joins Burgan Bank30 September 2006