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 725 million(2).
Has one of the largest regional networks of 128 branches and 292 ATMs (1) .
Rating(1)
A
(Outlook: Stable)
Baa1
(Outlook: Stable)
BBB+
(Outlook: Stable)
A+
(Outlook: Stable)
Ownership Structure(1),(3)
Our Presence
KIPCO
28.2%
33.5%
UGHC
7.5%
Other KIPCO Related Entities
PIFSS
15.8% 15.0%
Others
Notes: (1) As of 30th June 2023; (2) Based on share price as at 26th June 2023 (Source: Kuwait Boursa); (3) 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
Ownership(1)
N/A
99.7%
86.0%
86.7%
Domestic Market
Position(1)
One of the top three conventional Banks(2)
Niche Player
Growing Private
sector Bank
Offshore Bank
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
of Group
Assets(1),(3)
79%
9%
10%
2%
Notes: (1) As at 30th June 2023; refer to effective shareholding; (2) Based on total assets; (3) Total Assets excluding consolidation adjustments
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Disclaimer
Burgan Bank SAKP published this content on 30 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2023 19:01:09 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. 
