Kuwait Projects Company (Kipco) said it received approval from the country's central bank to increase its stake in Burgan Bank by 5 per cent.
A bourse filing by Kipco added that its direct and indirect stake in the Kuwait's thir
Kuwait-based Burgan Bank has announced the launch of the ‘Driven from Within’ – the certified Leadership program for the bank’s middle-managers and supervisors in collaboration with the American University of Kuwait.
Burgan Bank Group has reported a net profit of KD17.1 million ($60.76 million) for the first quarter of 2014 as against KD15.6 million reported for the first quarter in 2013, reflecting a growth of 10 per cent.
Operating income su
Kuwait's Burgan Bank is said to have hired HSBC, Kamco and NBK Capital for a potential bond deal, according to bankers.
It is not clear at this stage if the planned deal will be in US dollars or Kuwaiti dinars, nor whether it
Kuwait's Burgan Bank wants to raise capital this year in order to comply with Basel III regulations and fuel growth, the lender's chief executive said on Monday.
"We are discussing this with the central bank," CE
Burgan Bank, is the youngest commercial Bank and third largest by assets in Kuwait, will hold its Annual General Assembly meeting for shareholders tomorrow (March 31) at the Chairman’s Club – Burgan Bank Tower.
Kuwait's Burgan Bank plans to raise up to 150 million Kuwaiti dinars ($531 million) through a conventional bond early next year to fund its expansion in the Mena region, its chairman said on Monday.
"We will appoint banks
Kuwait-based Burgan Bank won the “Best Domestic Retail Bank of the Year” award from the Asian Banking and Finance Magazine, a financial news publication.
Asian Banking and Finance Awards 2013 was held in Singapore rece
Burgan Bank said on Thursday it received regulatory approval to buy a 25 percent stake in Malta's Fimbank.
Burgan, the commercial banking arm of Kuwait Projects Co (KIPCO), said in October it was planning to buy the stake in t
Kuwait-based Burgan Bank is looking at potential acquisitions in Egypt to step up international expansion and is not put off by the country's uncertain political situation.
"We are looking at Egypt and other countries,&qu