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Burgan Bank
Website: www.burgan.com

Established in 1977, Burgan Bank is the youngest commercial Bank and third largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail and private bank customer base.

The turning point for Burgan Bank came in the year 1997. The privatisation process of the Kuwaiti government, which began in the same year, reduced government ownership in the bank from 61% to less than 10%. KIPCO now has the single largest stake in the bank. The change in ownership paved the way for a rigorous change in the strategic focus and management style.

Burgan Bank has five majority owned subsidiaries, which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon), Jordan Kuwait Bank - JKB (Jordan) Tunis International Bank – TIB (Tunisia), and fully owned Burgan Bank – Turkey, (collectively known as the “Burgan Bank Group”).

The Bank has continuously improved its performance over the years through an expanded revenue structure, diversified funding sources, and a strong capital base. The adoption of state-of-the-art services and technology has positioned it as a trendsetter in the domestic market and within the MENA region.

Burgan Bank’s brand has been created on a foundation of real values – of trust, commitment, excellence and progression, to remind us of the high standards to which we aspire. ‘People come first’ is the foundation on which its products and services are developed. Earlier this year, ‘Brand Finance’ – the international brand valuation company- rated Burgan Bank brand as AA with positive outlook. The rating places Burgan Bank Brand at 2nd amongst the most valuable banking brands in Kuwait.

Executive Officers
Mr. Majed Essa Al-Ajeel

Mr. Mohammed Abdulrahman AL Bisher
Vice Chairman

Board Members
Mr. Abdul Salam Mohammed Al Bahar
Mr. Sadoun Ali
H.E. Abdul Kareem Al Kabarity
Mr. Samer Khanchat
Mr. Masoud Hayat
Mr. Pinak Maitra
Mr. Faisal Al Radhwan

The Management
Mr. Eduardo Eguren
Chief Executive Officer

Mr. Khalid Fahed Al Zouman
Chief Financial Officer & Senior General Manager

Mr. Venkatakrishnan Menon
Chief Operations Officer, Senior General Manager

Mr. Raed Abdullah Al Haqhaq
Chief Banking Officer & Senior General Manager – Banking

Mr. Amr El Kasabi
Group Chief Internal Auditor Senior General Manager

Mr. Mahmoud Mohamed
Chief Legal Counsel, General Manager

Mr. Adrian Gostuski
Group Chief Operating Officer (GCOO)

Ms. Halah El Sherbini
Chief Human Resources & Development Officer, General manager

Mr. Bashir Jaber
Assistant General Manager – Corporate Communications

Steven L. Reece
Group Chief Risk Officer

Company Address
Sharq - Abdullah Al Ahmed Street
P.O. Box 5389 Al Safat -12170
State Of Kuwait
Telephone: (+965-) 2298 8000 (20 Lines)
Tele-Banking Service:1 80 40 80
Fax: (+965-) 2298 8419

Website: www.burgan.com

KIPCO - Work And Beyond

Burgan Bank Group has received the prestigious ‘Best Banking Group in MENA 2012’ award by Global Banking & Finance Review, one of the world’s leading global banking and finance online publications. The award comes in recognition of the group’s turnaround performance and delivery of sound results across its operations in Kuwait, Jordan, Algeria, Iraq and Tunisia.

Mr Eduardo Eguren, Burgan Bank Group’s CEO said, “We are very pleased with our recent achievement of being recognized as the ‘Best Banking Group in MENA 2012’. This accolade is a testament to our turnaround process that delivered a solid financial performance across the group.”

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