In a bid to empower Kuwait's youth and introduce them to the world of banking   Kuwait, 29 March 2023:  In its latest effort to contribute to the development of Kuwait’s youth, Burgan Bank hosted 37 junior and senior students from the American United School of Kuwait (AUS) on Monday, March 20th  at its head office. The field visit, which was intended to educate the students about the world of banking, comes as part of Burgan’s overarching social responsibility program that puts the development and empowerment of youth and the spread of banking awareness at the forefront of its goals.  Accompanied by a number of Burgan Bank employees, the students had the opportunity to tour the Bank’s head office branch, learning about the different functions and processes of a branch. In addition to ......read more

Kuwait,  28 March 2023: Al Ahli Bank of Kuwait (ABK) announced Saud Abdulaziz Al Shatti as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Monday, 27 March 2023. The draw was held under the supervision of the Ministry of Commerce and Industry.  The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only. ABK encourages everyone to open Alfouz draw account and/or increase their balances to have more chances in winning in the upcoming draw which will happen on Monday, 3 April 2023. The higher the ......read more

Kuwait, 27 March 2023:  Burgan Bank recently concluded its participation as a diamond sponsor in the Career Fair organized by the Gulf University for Science and Technology (GUST), which was held over three days. The Bank’s participation underscores its commitment to actively support the educational sector and Kuwait’s youth population, while driving growth and development in the economy at large.   GUST’s career fair witnessed a noticeable turnout from the visitors, while representatives of Burgan Bank’s Human Resources Department were present to answer all the questions and inquiries of students looking for job opportunities in the banking sector. In addition, the Human Resources team participated in the fair by interviewing aspiring young individuals to provide them with suitable job ......read more

Kuwait, __ March 2023: Kuwait International Bank (KIB) announced the relaunch of its campaign designed to enable its customers to open an Al Dirwaza account digitally through the bank’s digital platforms, whether via KIB Online or the KIB Mobile application. This step comes as a continuation of the Bank's efforts to provide customers with a more convenient and easy banking experience that caters to their aspirations and lifestyle, in line with its motto, “Bank for Life”. In this regard, Nawaf Al-Khrayef, Executive Manager in the Retail Banking Department at KIB, applauded the great turnout and remarkable interaction garnered by the distinguished campaign. He also praised the efforts of the Bank's team in organizing the campaign and following up on the success it has been achieving since its launch last ......read more

Kuwait, 26 March 2023:  Al Ahli Bank of Kuwait (ABK) announced that it has successfully added Turkish Lira (TRY) as one of the corresponding foreign currencies in its Finacle system to meet growing customer demand. This initiative falls in line with the Bank’s efforts to increase its share in the payments market and is based on the outcome of a comprehensive analysis of the foreign currency payments market conducted by ABK’s Operations Division.  ABK successfully added the new currency in collaboration with Akbank T.A.Ş., one of the largest leading banks in Turkey listed on Boursa Istanbul with a strong track record spanning over seven decades.  Speaking about the initiative, Mr. Mohammad Al Bloushi, General Manager of Operations at ABK, said, “Turkey has become an important travel ......read more

During the Holy Month of Ramadan Kuwait 22 March 2023: ABK would like to extend its warmest greetings on the occasion of the Holy Month of Ramadan to the Amir of the State of Kuwait, His Highness Sheikh Nawaf Al Ahmad Al Jaber Al Sabah, His Highness the Crown Prince of Kuwait Sheikh Mishal Al Ahmad Al Jaber Al Sabah and to the Kuwaiti government and its people, as well as all residents in the State of Kuwait. On this occasion, the Bank announces that its branches across Kuwait will be available to serve its customers from 10:00am to 1:30pm. ABK will continue to provide its banking services to its customers online through “eahli.com” and its mobile application. The Bank’s call center will be available 24 hours during the holiday and can be reached by calling ‘Ahlan Ahli’ customer service center at ......read more

As part of its ongoing efforts towards raising the bar of community welfare and enhancing the cultural experience in Kuwait Kuwait, 20 March 2023:  Burgan Bank is continuing its sponsorship of Dar Al-Athar Al-Islamiyyah’s (DAI) 27th cultural season; an effort that stems from the Bank’s committed social responsibility program and its special focus on the development of Kuwait’s culture scene. The sponsorship of DAI’s 2022/2023 season marks a major milestone for Burgan’s 2023 social calendar - and builds upon the Bank’s broad range of strategic social partnerships. The latest edition of the DAI cultural season includes an array of diverse cultural and musical events and activities. Amongst the many notable events: an evening with the esteemed pianist and composer Evgeny Khmara, in partnership ......read more

Kuwait, 15 March 2023 - Kuwait International Bank (KIB) has received the international ISO 27001:2013 certificate for information security management systems for the 9th year consecutively. This important achievement is a testament to KIB’s unwavering commitment to the highest international standards that govern the level of efficiency of the security systems implemented by the Bank across all its services and sectors, in a way that guarantees the safety and security of customer data, in addition to being clear evidence of the Bank’s adoption of the latest technologies in this field. Speaking on this occasion, Basil Al-Suwaidan, General Manager of the Information Security, Privacy and Anti-Fraud Department at KIB, said: “At KIB, we are proud to continue our compliance for the 9th year  as the renewal of this ......read more

Reinforcing inclusivity and guaranteeing a streamlined banking experience for all customers   Kuwait, 16 March 2023:  Burgan Bank announced the launch of a new biodegradable debit card especially designed to facilitate transactions for its visually impaired customers as it continues to innovate its solutions to provide a streamlined, elevated, and inclusive banking experience to all. The card delivers on Burgan’s core objectives of its comprehensive strategy – namely sustainability, product innovation and inclusivity, ensuring greater accessibility to specially-abled customers, whilst simultaneously promoting environmentally conscious practices. The card utilizes a touch card feature with a rounded notch on the right side of the card to make it easy-to-use for visually impaired customers, helping them ......read more

To raise awareness among its employees and ensure their safety Kuwait, 15 March 2023:  Burgan Bank recently conducted an emergency evacuation drill for its employees at its head office. The drill came within the framework of the Bank’s willingness to train and educate employees on the proper steps of the evacuation process, to ensure their safety and security in emergency situations. The evacuation, which was supervised by a team from the Kuwait Fire Force, helped evaluate employee response time, as well as understand potential gaps and areas for improvement. The staff underwent comprehensive training on how to manage disasters or accidents. Part of the exercise also involved the simulation of a fire in the building and a situation wherein few individuals were trapped and injured on one of the floors. Following the ......read more

Kuwait,  March 2023: Al Ahli Bank of Kuwait (ABK) announced Abdulaziz Ahmad Al Khubaizi as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Monday, 13 March 2023. The draw was held under the supervision of the Ministry of Commerce and Industry.  The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only. ABK encourages everyone to open Alfouz draw account and/or increase their balances to have more chances in winning in the upcoming draw which will happen on Monday, 20 March 2023. The higher the ......read more

Aiming at offering its customers the latest digital banking solutions   Kuwait, 14 March 2023: Kuwait International Bank (KIB) announced it will now be offering its KIBPay service to its corporate clients as part of the Bank’s strategy to provide its customers with access to digital banking services - that meet their needs in a safer and easier manner.  KIB’s corporate clients can now benefit from KIBPay to collect funds from their partners following easy and simple steps. With this new process, customers can now receive the money within minutes, either through the smartphone application or by sharing the payment link via email, WhatsApp, or other applications that support the service. Commenting on the occasion, Mr. Hesham Al-Mubaraki, General Manager of Wholesale Banking at KIB, said: “We are ......read more

Kuwait, 11 March 2023: In a continuation of its strategy of developing future generations and expanding their expertise, Kuwait International Bank (KIB) delivered an academic lecture at the College of Architecture at Kuwait University. The seminar, presented by a team from the Real Estate Department,  came in response to the College’s invitation to discuss the foundations of investment and real estate evaluation, and took place at the University’s headquarters in Adailiya in the presence of several members of its teaching board and a large group of students.  Speaking at the seminar, Eng. Fahed Al Saleh, Manager of the Real Estate Advisory Division at the Bank’s Real Estate Department, and Eng. Basil Salem, Senior Real Estate Resident Engineer in the Bank’s Real Estate Appraisal Department, relayed ......read more

Kuwait, 9 March 2023: Al Ahli Bank of Kuwait (ABK) announced Marites Saipuddin Corpuz as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Monday, 6 March 2023. The draw was held under the supervision of the Ministry of Commerce and Industry.  The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only. ABK encourages everyone to open Alfouz draw account and/or increase their balances to have more chances in winning in the upcoming draw which will happen on Monday, 13 March 2023. The higher the deposits ......read more

Kuwait, 7 March 2023:  Burgan Bank recently sponsored the Small and Medium Enterprises Marketplace event, organized by Ooredoo Kuwait in conjunction with the celebrations of Kuwait's national holidays. This came as part of the Bank’s continuous commitment to its strategy of supporting various businesses, especially small and medium enterprises. Burgan’s sponsorship also comes as part of its commitment to keep pace with and advance the aspirations of Kuwaiti youth and qualify them to be effective and real players in driving the economy of Kuwait, in order to achieve sustainable development. Burgan Bank participated in the Marketplace with a special booth, in which it showcased its innovative and specialized banking business solutions designed for business owners and the commercial sector. Among such services is ......read more

Al Dirwaza account is the best of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws   Kuwait, March 6th, 2023: Kuwait International Bank (KIB) announced the names of the winners in the second Al Dirwaza account monthly draw, based on customers’ February deposits. The draw was held in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. In this draw, Mahmoud Mohammad Ameen Awadh won KD 10,000, whilst the KD 1,000 prize was awarded to 10 winners in total: Ghazi Ibrahim Abdelmaguid Elshoubary, Jalal Gholam Kousari, Mashari Bader Yaseen Alfoudari, Mohammad Taha Abdelhamid Hassan Shafei, Sarah Ahmad Khaled Sulaiman, Jaber Falah Ghulom Alam Dar Mohammad, Fatemah Fawzi Hafedh Alsayes, Efekhar Alsayed Yaqoub ALsayed ......read more

Kuwait, 5th March 2023: Kuwait International Bank (KIB) announced the extension of the best financing offer of its kind on GMC SIERRA cars, which includes a 5-year Musawama financing, with profit repayment equal to 3 years only, and 3 year / 100,000 km warranty. The automotive financing promotion comes within the framework of the Bank’s partnership with GMC’s local agent Mohammad Saleh and Reza Yousuf Behbehani Company. Commenting on the extension of the offer, Acting Head of Central Sales at KIB, Abdulaziz Al-Shammari, said, “Today, we continue to provide The Best auto financing offers of its kind in Kuwait. KIB is keen to consolidate our strong relations with elite car dealerships and companies in Kuwait, with the aim of continuing to provide unique and unprecedented financing offers to KIB customers and to give ......read more

Kuwait, 1 March 2023: Al Ahli Bank of Kuwait (ABK) announced Ahmad Ali Falah Al Ali as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Tuesday, 28 February 2023. The draw was held under the supervision of the Ministry of Commerce and Industry.  The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only. ABK encourages everyone to open Alfouz draw account and/or increase their balances to have more chances in winning in the upcoming draw which will happen on Monday, 6 March 2023. The higher the ......read more

Quick and convenient addition to the payment ecosystem allows users to securely pay with Android phones or supported Wear OS devices   Kuwait City, Kuwait – 1 March 2023: Mastercard, a leading technology company in the global payments industry, has collaborated with Google to launch Google Pay in Kuwait, strengthening digital payment capabilities in the country. Cardholders can tap to pay with their Android phones or supported Wear OS devices in stores where contactless is in operation. They can also use Google Pay to make payments online and through apps.   A seamless way to transact, Google Pay saves customers from handing over their payment cards, touching physical buttons, or exchanging cash. Security and privacy are built into every aspect to ensure data is protected. Transactions are made with a virtual card ......read more

• Burgan Bank becomes one of the first banks in Kuwait to launch the Google Pay for use across all Android and Wear OS devices   • The latest milestone in its suite of seamless payment solutions     Kuwait, 28TH February 2023:  As part of the Bank’s continued efforts to expand its digital payment offerings in tandem with customers’ evolving lifestyle trends, Burgan Bank announced the launch of Google Pay, which allows Burgan customers to make payments using their Android and Wear OS devices easily and securely.    With Google Pay, customers simply need to hold their Android device near an in-store payment terminal to make a contactless payment. Additionally, Google Pay allows for seamless in-app and e-commerce transactions using any Android or Wear OS ......read more

Kuwait, 28 February 2023- Kuwait International Bank (KIB) concluded its platinum sponsorship of the Ninth Atyab Al Marshoud International Show-Jumping Championship, which was recently held at the Kuwait Equestrian Center in Sabhan, with the participation of elite riders representing all local clubs. KIB’s sponsorship of the championship came within its pioneering program in the field of social responsibility and an affirmation of the Bank's eagerness to embrace Kuwaiti sports talents and support local events and tournaments. In her speech marking the end of the sponsorship, Assistant Manager - Marketing Department and Corporate Communication Unit at KIB, Marwa Maarafi, said: “We are pleased to congratulate all the jockeys and riders who participated in this tournament for their high-level performance. We are also ......read more

Kuwait, 22 February 2023: In celebration of the State’s upcoming National and Liberation Day holidays, Kuwait International Bank (KIB) announced that it will be closed on Sunday, February 26th, and Monday, February 27th, 2023; resuming its normal operations across all branches on Tuesday, February 28th, 2023.Throughout this holiday, the Bank will continue to service both its retail and corporate customers, 24/7, via its various digital banking channels and platforms.  Congratulating the people of Kuwait on this special occasion, KIB noted that its various digital channels will be ready to offer its customers uninterrupted services, anytime, anywhere during the break.  This includes the KIB mobile app, which enables customers to conduct most basic transactions with complete ease, as well as the KIB Direct service, ......read more

Kuwait, 23 February 2023: Al Ahli Bank of Kuwait (ABK) announced the signing of a platinum sponsorship agreement with the UK chapter of National Union of Kuwaiti Students (NUKS) for the Union’s 56th Annual Conference scheduled to be held in London from 24th to 26th February, 2023. During the conference, ABK will hold a number of activities aimed at students, including a penalty shoot-out tournament. In addition, the Human Resources team from the Bank will also be presenting a seminar.   Speaking about the initiative, Mr. Sager Albenali, Acting Chief Communications Officer stated: "We are delighted to be a platinum sponsor of the 56th annual conference of the UK chapter of NUKS. Our decision stems from our understanding that the Union plays an important role in helping Kuwaiti students who are studying in the ......read more

Kuwait, 22 February 2023:  Under the patronage and in the presence of His Excellency Sheikh Fawaz Khaled Al-Hamad Al-Sabah, the Governor of Al Ahmadi, Burgan Bank concluded its sponsorship of the social campaign dedicated to the beautification of Sabah Al-Ahmad schools, as part of the “My Governorate is the Most Beautiful” program. The campaign fell under the umbrella of the annual partnership between the two parties. It took part in a joint effort to drive sustainable development across the Kuwaiti community, as part of the Bank’s strategic social responsibility endeavors. The initiative primarily aimed at renovating the Governorate’s educational buildings, fostering a love of art amongst the students by artistically decorating playgrounds, classrooms, and other facilities. The renovations were carried ......read more

• George Richani: The campaign's objectives are aligned with ABK’s strategy. • The Bank strives to educate and protect its customers while providing the best services. • ABK continues to raise awareness on its digital platforms. • The Central Bank of Kuwait and Kuwait Banking Association are making valuable efforts to protect the banking customers.   Kuwait – February 21, 2023: Al Ahli Bank of Kuwait (ABK) was recently recognized for its exceptional contributions to the success of the financial awareness campaign "Let's Be Aware" at an awards ceremony hosted by the Central Bank of Kuwait (CBK). ABK was among the top three performers and was hailed for reaching out to the audience via its multiple platforms, and creating a positive impact in the community. The event was ......read more

Kuwait, February 21st, 2023: Continuously looking to meet its customers’ needs and support their aspirations in owning the newest car models from the best automotive brands, Kuwait International Bank (KIB) recently announced its renewed collaboration with Chery’s exclusive agent, Alghanim Motors Company (Chery Alghanim) – therefore extending its best financing offer on the most luxurious Chery car models. The offer includes the Chery Tiggo8 Premium, Chery Tiggo7 Luxury and Chery Arizzo6 Comfort.   Under this exclusive offer, which had witnessed an increasing demand from customers since its launch, KIB grants Sharia-compliant financing for the purchase of Chery cars over a 5-year repayment period. The offer also comes with a manufacturer warranty of up to one million km, and free maintenance for the first ......read more

Setting a benchmark for the longest paternity leave offered in any domestic banking institution Kuwait, 20 February 2023:  In an effort to create and maintain a comfortable, supportive working environment for all employees, Burgan Bank announced it is adjusting its paternity leave to now span five working days. This comes as part of the Bank’s strategy for reinforcing its positive work environment and ensuring it caters to employees’ needs, who are considered the Bank’s most valuable asset and indispensable resource.  The latest expansion to its internal benefit structure stems from the Bank’s understanding of employees’ personal, familial and social needs. As a core part of its human resources strategy,  Burgan Bank spares no effort when it comes to enabling its staff to strike a ......read more

With social development goals achieved on many levels Kuwait, 19 February 2023: Setting a new benchmark of excellence and originality for social responsibility initiatives within the banking sector, Kuwait International Bank (KIB) recently succeeded in organizing the first professional sports initiative of its kind in Kuwait and the region, the world-class multi-sport tournament: KIB | The Stadium. The sports event was launched on January 25, 2023 under the Bank’s auspices, concluding its two-week program of activities on February 6, 2023.  KIB collaborated with Suffix Events KIB | The Stadium to life, in a joint effort that aimed to advance Kuwait’s sporting culture, while promoting a balanced and healthy lifestyle in society. The initiative came as part of the Bank’s ongoing commitment to supporting talented ......read more

In a bid to inspire, support, and empower its community’s youth Kuwait, 19 February 2023:  In its latest endeavor to inspire Kuwaiti youth and engage with the local community, Burgan Bank participated in Al-Bayan Bilingual School’s (BBS) annual carnival as platinum sponsor. The event, which is organized by the Parent-Teacher Association (PTA), is a BBS effort that aims at fortifying and developing its community through multiple valuable initiatives. It is also dedicated to welcoming the School’s 2,700 students back on campus, in addition to 1,380 families and 350 teachers. The carnival hosted a full day that seamlessly merged fun and value. For eight hours, students and their families were presented with multiple engaging activities and games fit for different age groups. In addition, a dedicated marketplace ......read more

Kuwait,  16, February 2023 - In a continuation of its support from the previous year, Kuwait International Bank (KIB) announced its platinum sponsorship of the ninth Atyab Al Marshoud International Showjumping Championship, aiming at further disseminating the sports culture in Kuwait and supporting Kuwaiti sports talents. The sponsorship comes as part of the framework of one of the most prominent principles of the Bank's pioneering and comprehensive social responsibility program, which is to empower Kuwaiti athletes and provide all the means to qualify them to compete, and achieve high ranks, on the global scale. The showjumping championship organized by Atyab Al Marshoud will be held at the Kuwait Equestrian Center and will extend across three days, starting from Thursday February 16, 2023, to Saturday February 18, ......read more

Kuwait, 16 February 2023: On the occasion of the blessed Israa’ and Mi’raj, Kuwait International Bank (KIB) announced that it will be closed on Sunday, February 19, 2023, taking it as a rest day following the official holiday on Saturday, February 18, 2023. During this time, the Bank will continue to service both its retail and corporate customers throughout this holiday, via its various digital banking channels and platforms. The Bank will resume it normal operations across all branches on Monday, February 20, 2022. As it celebrates the holiday, KIB wishes all its customers a blessed Israa’ and Mi’raj , noting that the Bank’s various digital channels will be ready to offer them uninterrupted services, anytime, anywhere during the break.  This includes the KIB mobile app, which enables customers to ......read more

Kuwait – February 15, 2023:  Al Ahli Bank of Kuwait (ABK) was the official partner and sponsor of the annual Porsche Club Kuwait Festival for the second consecutive year. The festival was held in collaboration with the Public Authority of Sports (PAS), Kuwait City for Motorsports, and the Amiri Diwan on February 10, 2023. Commenting on the festival, Mr. Sager Albenali, Acting Chief Communications Officer said: “We are pleased to be an official partner in the annual Porsche Club Kuwait Festival for the second year. This event brings together families, youth, and children to experience a thrilling competitive atmosphere. With a variety of competitions and engaging activities, the festival is a celebration of passion for sports and entertainment. I would like to congratulate Porsche Club Kuwait for putting together such an ......read more

“Entelaqah” Program created as part of Burgan Bank’s committed efforts to developing its staff and paving their career paths towards bigger successes     Kuwait, 15 February 2023:  Burgan Bank recently celebrated 23 of its most promising employees, who successfully graduated from the Bank’s Retail Banking Academy. As part of the Bank’s efforts towards developing its human capital, 15 new hires successfully completed the “Entelaqah” program, designed to qualify fresh graduates to assume a teller role. On the other hand, eight more experienced employees successfully completed the “Head Teller” program, preparing them for taking on this senior branch position.  The Academy’s programs included a series of specialized training workshops, to cover the full ......read more

Kuwait, 15 February 2023: Al Ahli Bank of Kuwait (ABK) announced Fowz Mohammed Shukry Mohammed as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Monday, 13 February 2023. The draw was held under the supervision of the Ministry of Commerce and Industry.  The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only. ABK encourages everyone to open Alfouz draw account and/or increase their balances to have more chances in winning in the upcoming draw which will happen on Monday, 20 February 2023. The ......read more

Growth in total assets by 14% Total assets approximately of KD 3.6 billion Growth of 15% in financing portfolio exceeding KD 2.6 billion Growth in depositors' accounts by 13% exceeding KD 2.3 billion Growth in net profit attributable to shareholders by 25% Kuwait, 14 February 2023: Chairman of Kuwait International Bank (KIB), Sheikh Mohammed Jarrah Al-Sabah, announced the Bank’s financial results for the year ended December 31st, 2022, confirming the stability of its financial standing and the steadiness of its sustainable growth trajectory – despite the persisting economic and financial challenges facing the region and the global economy. The Bank has also continued, throughout the year, to innovate new banking products and services in response to its customer’s needs, offering them exclusive benefits and ......read more

Kuwait, 14 February 2023:  In recognition of their achievements throughout the year of 2022, Burgan Bank honored a group of its most distinguished Retail Banking employees in a prestigious ceremony. The event, which took place at the Salwa Sabah Hall, was attended by Vice Chairman and Group CEO of Burgan Bank, Mr. Masoud M. J. Hayat, Deputy Group Chief Executive Officer & CEO – Burgan Bank, Mr. Raed Abdullah Al-Haqhaq, Group Chief Human Resources and Development Officer at Burgan Bank, Mrs. Halah El Sherbini, in addition to many leaders and senior executives from across various departments.  During the ceremony, the Bank’s executive management distributed a number of awards across several departments. The awards included Best Sales Team, Best Branches and Outstanding Employee. Other awards were also handed ......read more

In its commitment to its strategic humanitarian role  Kuwait, 12 February 2023:  In support of the afflicted and the families of the victims of the recent earthquake that struck Turkey and some of its neighboring countries, Burgan Bank announced donating two million dollars to address their needs and help them overcome this crisis. One million dollars out of the total value of the donation was allocated to the Kuwait Red Crescent Society, for its effective and ongoing role from the first day the earthquake in supporting all efforts aimed at helping those in distress. This step by Burgan Bank Group comes within the framework of its commitment to its humanitarian role, locally and regionally and its support of sustainable development. This donation comes as humanitarian contribution to help as much as possible in ......read more

As part of its social responsibility program and its patronage of sports   Kuwait, 12 February 2023:  Burgan Bank recently participated in sponsoring the final match of the Kuwait Crown Prince Cup, held on February 6, 2023 at the Jaber Al-Ahmad International stadium, under the patronage and in the presence of His Highness the Crown Prince, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah. This platinum sponsorship came in line with Burgan’s ongoing support and patronage of Kuwait’s sports sector, a key component of the Bank’s social responsibility program. The tournament’s finale saw Al-Arabi SC go head-to-head with Al-Salmiya SC in a lively match that witnessed a massive turnout of football fans with Al-Arabi being crowned champions after a penalty shootout. The event was also attended by a ......read more

Net Income growth of 15% year-on-year Dividend per share 8 fils and 5% bonus shares Kuwait, 8 February 2023:  Burgan Bank announced its financial results for the fiscal year ending December 31, 2022, reporting Revenues of KD 232 million and Operating Profit of KD 125 million. Revenue levels remained stable, backed by a growth of Net Interest Income by 15% year-on- year, due to improvement in its Net Interest Margins by 30 bps, reaching 2.4% for 2022. This improvement was driven by rate hikes in Kuwait and improved margins in Burgan Bank Turkey. Moreover, the Bank’s provision charges saw a significant improvement of 70% for the fiscal year 2022 compared to the performance in fiscal year 2021. This improvement underlines Burgan’s prudent risk practices across the Group and consequently, its credit costs for the year ......read more

Kuwait, 9 February 2023: Al Ahli Bank of Kuwait (ABK) announced Hebah Barrak Al Tukhaim as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Monday, 6 February 2023. The draw was held under the supervision of the Ministry of Commerce and Industry.  The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only. ABK encourages everyone to open Alfouz draw account and/or increase their balances to have more chances in winning in the upcoming draw which will happen on Monday, 13 February 2023. The higher the ......read more