Burgan gets ISO certification for risk management strategy
KUWAIT CITY, 1 days ago
Burgan, a Kuwait-based conventional bank, has announced that it has received — Business Continuity Management Systems (BCMS) certification, ISO 22301:2019, attesting to the bank’s forward-thinking risk management and mitigation strategies and confirming its ability to uphold its operations during times of disruption as per the best international practices.
The certification further cements Burgan’s position as a reliable financial partner for its customers and stakeholders, validating the Bank’s robust frameworks, continuous investment in technology, and skilled workforce to ensure seamless banking operations.
BCMS-certified institutions have a proven track record of implementing and maintaining successful business continuity management systems that respond to the organisation's evolving needs.
Accredited BCMSs are required to showcase consistent qualitative and quantitative improvements, documented business continuity policies, system performance assessments, and qualified staff with clear responsibilities who supervise the planning, implementation, and operation of the BCMS.
"We are honoured to be certified with ISO 22301:2019 standard that published by the International Organization for Standardization (ISO) and recognized for our uncompromising safety and risk management measures," remarked Moudi Al Mahmoud, the Executive Manager – Business Continuity Risk at Burgan Bank.
"In a market as sensitive and competitive as banking and finance, we spare no effort to be among the first to adopt the latest technologies across all fronts, especially those that fortify our institutional resilience and bolster our risk assessment and mitigation operations," she noted.
"As a trusted financial partner, we are committed to taking all necessary and extra measures to guarantee offering our customers a reliable and satisfactory banking experience despite any market turbulence," she stated.
In line with its committed adherence to international standards of service quality, Burgan was awarded the ISO certifications 9001:2015 for Quality Management System, 27001:2022 for Information Security Management Systems, and 20000-1:2018 for Information Technology Service Management System, she added.-TradeArabia News Service
