At a Glance, Group Overview and Operating Strategy
BURGAN AT A GLANCE
About Us
Credit Ratings
Established in 1977 as Joint Stock Company by the Government of Kuwait and privatized in 1997.
Listed on Boursa Kuwait in 1984 and grew to be one of the leading conventional banks in Kuwait (in terms of total assets)(1), with a market capitalization of KD 720 million(2).
Has one of the largest regional networks of 127 branches and 284
ATMs (1),(3)
Rating(1)
A
(Outlook: Stable)
Baa1
(Outlook: Stable)
BBB+
(Outlook: Stable)
Ownership Structure(1),(4)Our Presence
KIPCO
28.3%
35.3%
UGHC
7.5%
Other KIPCO Related Entities
PIFSS
14.0% 15.0%
Others
Notes: (1) As of 31st Dec 2022; (2) Based on share price as at 29th Dec 2022; (3) Excluding Bank of Baghdad as it has been classified as held
for sale; (4) KIPCO: Kuwait Projects Company Holding K.S.C.P., UGHC: United Gulf Holding Company B.S.C. and PIFSS: Public Institution for
Social Security
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KUWAIT FOCUSED BANK WITH REGIONAL DIVERSIFICATION
Franchises
Burgan Bank
Kuwait
Burgan Bank
Turkey
Gulf Bank
Algeria
Tunis
International Bank
Bank of
Baghdad(4)
Ownership
N/A
99.7%
86.0%
86.7%
51.8%
Domestic Market
Position(1)
One of the top three conventional Banks(2)
Niche Player
Growing Private
sector Bank
Offshore Bank
One of the first licensed private sector banks
Business Model
Corporate banking is the key
business; Retail Banking
growth is a focus area
Corporate and Commercial
clients are key segments; One
of the best digital banking platform; individual clients focus increased
Focused on Trade Finance and Financial Institutions business
Leading private sector bank in
Iraq with access to ample liquidity and a leader in FX and payments business
of Group
Assets(1),(3)
71%
13%
9%
2%
5%
Notes: (1) As at 31st Dec 2022; refer to effective shareholding; (2) Based on total assets of Burgan Bank Group; (3) Based on total assets excluding consolidation adjustments; (4) Bank of Baghdad has been classified as held for sale.
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Burgan Bank SAKP published this content on 13 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2023 12:17:03 UTC.
Burgan Bank KPSC is a Kuwait-based entity which is primarily engaged in banking and investment services to individuals and corporations. The Bank is organized into four business segments which includes corporate banking segment provides comprehensive product and services to corporate customers and financial institutions including lending, deposits, trade services, foreign exchange, advisory services; Retail and Private banking segment provides wide range of products and services to retail and private bank customers including loans, deposits, credit and debit cards, foreign exchange; Treasury and investment banking segment includes treasury activities, investment services and management. It also provides products and services to banks including money markets, lending, deposits, foreign exchange; Central office segment includes liquidity and funding management, any residual in respect of transfer pricing and other unallocated activities.
BURGAN BANK K.P.S.C. 
