Saturday 27 August 2016
 
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Burgan Bank

Burgan Bank Q2 profit slips 14pc

Burgan Bank, Kuwait's third-largest lender by assets, reported a 14 per cent fall in second-quarter net profit on Tuesday. A unit of Kuwait Projects Co (Kipco), Burgan made a net profit of KD17.1 million ($56.7 million) in the

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Burgan Bank closes $334m bond issue

 Kuwait's youngest lender Burgan Bank said it has successfully closed its KD100 million ($334 million) Tier 2 capital issuance. The issuance has both a fixed rate and a floating rate tranche with the fixed rate coupon at

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Burgan Bank picks arrangers for $325m bond

Burgan Bank, Kuwait's third-largest lender by assets, has picked two arrangers for a potential KD100 million ($329.4 million) bond, for which marketing to investors could start as soon as this week, sources aware of the matter said.

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Kipco Group purchases JKB stake from Burgan Bank

The Kuwait Projects Company (Kipco) has purchased a 51 per cent stake in Jordan Kuwait Bank (JKB) from Burgan Bank, the bank announced earlier today.   The purchase is part of a series of transactions by Burgan B

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Kuwait's Burgan Bank wins approval for $329m bond

Kuwait's Burgan Bank has obtained approval to issue a bond of no more than 100 million dinars ($329.61 million), the lender said on Wednesday. The bank said in a bourse statement that the bond would be offered to the public fo

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Burgan Bank H1 income up 12.3pc to $122m

Kuwait’s Burgan Bank Group has reported net income of KD37.4 million ($122.6 million)for the first half (H1) of the year reflecting a 12.3 per cent growth from the same period in 2014. Operating income climbed to reach KD144

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Burgan Bank wins 2014 Quality Recognition Award

Burgan Bank, a leading commercial bank by assets in Kuwait, said it has received the ‘Quality Recognition Award’ for the year 2014 from JP Morgan. The award acknowledged the bank’s consistent, high quality perfor

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Burgan Bank eyes UAE, Saudi, Egypt expansion

Burgan Bank, Kuwait's third-largest lender by assets, will consider expanding in the UAE, Saudi Arabia and Egypt as it raises the share of international operations in its business, its chief executive said. Eduardo Eguren said

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Burgan Bank Q4 net profit jumps

Burgan Bank, Kuwait's third-largest lender by assets, reported a 424 per cent rise in fourth-quarter net profit on Tuesday. Burgan, a unit of Kuwait Projects Co (Kipco), made a net profit of KD13.1 million ($44.3 million) in t

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Burgan Bank net profit soars 177pc to $167m

Burgan Bank Group has posted a net income of KD48.7 million ($167.5 million) for the first nine months of the year, reflecting an increase of 177 per cent over the corresponding period of 2013. Operating income surged to KD200.8mi

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