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Private company

Burgan Bank

Logo: https://www.burgan.com.tr/faaliyet-raporlari, Public domain, via Wikimedia Commons3

Kuwaiti bank

Burgan Bank, is a Kuwaiti bank headquartered in Kuwait City. It is Kuwait's second-largest conventional bank by assets. A subsidiary of Kuwait Projects Company Holding, it operates a network of 24 branches and over 100 ATMs.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1977Founded1

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Burgan Bank, is a Kuwaiti bank headquartered in Kuwait City. It is Kuwait's second-largest conventional bank by assets. A subsidiary of Kuwait Projects Company Holding, it operates a network of 24 branches and over 100 ATMs. In 2007, Burgan Bank recorded a profit of 74.8 million Kuwaiti dinars, up 34% since the previous year, where they had a profit of 55.7 million Kuwaiti dinar.2

The story

In 2009, Burgan Bank acquired United Gulf Bank's stake in Bank of Baghdad, increasing its share to 51.8%.

On 23 December 2012, Burgan Bank acquired, from Eurobank, a 70% stake in Tekfenbank, which is a Turkish bank in Cyprus. The deal was reached amid increasing interest by banks in Persian Gulf nations to expand operations in Turkey.

In early 2023, Jordan Kuwait Bank acquired Burgan Bank stake in Bank of Baghdad.

In December 2023, Burgan Bank obtained the approval of the Central Bank of Kuwait and appointed Fadel Mahmoud Abdullah as the new CEO.

From Wikipedia’s article on Burgan Bank, shared under CC BY-SA 4.0.4

Timeline

  1. 1977Founded Founded1

Sources

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