Thursday 30 October 2014
 
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Burgan

Burgan Bank to meet investors ahead of Tier 1 bond

Kuwait's Burgan Bank has chosen banks to arrange meetings with investors ahead of a potential issue of a capital-boosting bond, a document from lead managers said on Thursday, in what would be the first such debt sale from a Kuwaiti entity.

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Burgan, Qatar Airways unveil new credit card

Burgan Bank, a leading Kuwaiti bank, has launched a new co-branded credit card with Qatar Airways and Mastercard.   The Burgan Bank Qatar Airways card with its platinum and gold variants will be offered on the Ma

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Burgan, Qatar Airways unveil new credit card

Burgan Bank, a leading Kuwaiti bank, has launched a new co-branded credit card with Qatar Airways and Mastercard.   The Burgan Bank Qatar Airways card with its platinum and gold variants will be offered on the Ma

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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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