Burgan Bank
Template:Use dmy dates Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". Burgan Bank, established 27 December 1975, is a Kuwaiti bank headquartered in Kuwait City. It is Kuwait's second-largest conventional bank by assets.[1] 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 Dinars, up 34% since the previous year, where they had a profit of 55.7 million Kuwaiti dinar.Script error: No such module "Unsubst".
In December 2023, Burgan Bank obtained the approval of the Central Bank of Kuwait and appointed Fadel Mahmoud Abdullah as the new CEO.[2]
On 23 December 2012, Burgan Bank acquired, from Eurobank, a 70% stake in Tekfenbank, which is a Turkish bank in Cyprus. The deal was reached amid increasing interest by banks in Persian Gulf nations to expand operations in Turkey.[3]
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