Burgan Bank introduces Ladder Deposits for Premier Customers

Press release

Published March 17th, 2013 - 05:03 GMT

Al Bawaba

Burgan Bank announced today the launch of Ladder Deposit - a new product designed for the needs of Premier customers. The Ladder Deposit is for customers who want a long term flexible deposit product that attracts high competitive deposit rates.

The Ladder Deposit allows more flexibility and liquidity during the deposit period. This period ranges from a minimum of 3 months to a maximum of 12 months. During this time customers can gain competitive interest rates. The Ladder Deposit pays interest at the end of each quarter at an agreed rate.

Burgan Bank‘s new Ladder Deposit is an extension of the bank’s product range tailored to Premier banking services. Each product in the range offers customers competitive services and excellent service. Burgan Bank continues to introduce innovative products that demonstrate its leadership.

Background Information

Burgan Bank

Established in 1977, Burgan Bank is the youngest conventional Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region supported by one of the largest regional branch networks. which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon),Tunis International Bank – TIB (Tunisia), and fully owned Burgan Bank – Turkey, (collectively known as the “Burgan Bank Group”). Furthermore, Burgan Bank has a present in the UAE through its corporate office (“Burgan Financial Services Limited) which had helped the bank to participate in multiple financing opportunities in the UAE.