Saturday 19 April 2014
 
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Burgan

Burgan Bank Q4 net profit slumps

Kuwait's Burgan Bank reported a big drop in fourth-quarter net profit on Sunday, according to Reuters calculations, with its full-year earnings also significantly lower than the previous period. The lender, 58-per cent owned b

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Burgan acquires Turkish bank for $351m

  Burgan Bank, a leading Kuwaiti bank with a regional presence in Jordan, Iraq, Algeria and Tunisia, said it has acquired 99.26 per cent stake in Turkish lender Eurobank Tekfen from Eurobank EFG, the third largest bank in Greece,

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Burgan wins approval to acquire Turkish bank

  Kuwait’s Burgan Bank said it has won approval from Turkey's Banking Regulation and Supervision Agency (BRSA) on a share purchase agreement with Eurobank EFG, the third largest bank in Greece to acquire leading Turkish

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No deal yet on Eurobank Tekfen says Burgan

Burgan Bank, which is said to be in talks to buy a 70-percent stake in Turkish group Eurobank Tekfen, said it has not reached any deal for a majority stake purchase. Sources told Reuters on Wednesday the Kuwait lender had reached a deal f

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Burgan to buy 70pc of Turkey bank

Kuwait's Burgan Bank has reached a deal to buy a 70 percent stake in Turkey's Eurobank Tekfen, a partnership of Greece's EFG Eurobank and Turkey's Tekfen Holding, sources with knowledge of the deal said. The stake sale comes as Greek bank

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Burgan to add 12bn bbls to Kuwait reserves

Kuwait's largest oil field, Greater Burgan, will add 12 billion barrels to the Opec country's oil reserves, Al-Jarida daily reported on Thursday.    The daily cited informed oil sources it did not identify by name a

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UGB sells Tunis stake to Burgan for $120m

Bahrain-based United Gulf Bank (UGB), the investment banking unit of Kuwait Projects Co (Kipco), said on Sunday it has sold its stake in Tunis International to Burgan Bank for $120 million.    UGB said in a statement to Bah

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Burgan Bank Q3 profit rises 34pc

Kuwait's Burgan Bank, a unit of investment firm Kuwait Projects Co (Kicpo), posted a 34 per cent increase in third-quarter net profit. Net profit for the three months to Sept. 30 amounted to 19.36 million dinars ($72.29 million), or 20.5 f

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Burgan buys UGB Jordanian stakes

United Gulf Bank (UGB) has transferred its ownership in Jordan Kuwait Bank (JKB) to Burgan Bank after receiving the relevant regulatory approvals. UGB and Burgan Bank are part of the Kipco Group and the transfer of JKB shares to Burgan is

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Burgan Bank to buy UGB assets for $728m

Kuwait's Burgan Bank plans to buy 194 million dinars ($727.7 million) in assets from Bahraini lender United Gulf Bank, the two companies said in a statement on Monday. The deal would involve holdings in Bank of Baghdad, Algeria Gulf Bank,

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