Burgan Bank wins four awards from the Asian Banking & Finance Magazine

Press release
Published July 21st, 2015 - 08:43 GMT

Al Bawaba
Al Bawaba

Burgan Bank announced today that it has won four awards from The Asian Banking & Finance Magazine, one of the world’s most distinguished publications that reports on an extensive range of financial news across different practices. The awards presented to the bank were ‘Best Domestic Retail Bank of the Year’ for the third consecutive year, ‘Best Credit Card Initiative of the Year in Kuwait’, ‘Best Advertising Campaign of the Year in Kuwait’ and ‘Kuwait Domestic Cash Management Bank of the Year’ for the second consecutive year.

The bank’s success was recently announced at the Asian Banking and Finance 2015 Awards ceremony held at the Shangri-La Hotel in Singapore, where judges from global institutions identified Asian banks that rise above the rest with their groundbreaking strategies and unparalleled services which enhance the overall banking and finance sector.

Mr. Raed Al Haqhaq, Burgan Bank’s Chief Banking Officer said: “We are honored to be acknowledged by the Asian Banking & Finance Magazine and to receive these four prestigious awards. The awards are a reflection of our commitment to attain customers’ trust through excellence and to building an innovative and customer centric bank.  On behalf of Burgan Bank, I would like to extend my appreciation to the panel of judges at Asian Banking & Finance Magazine, and I would also like to express my sincere gratitude to our staff who constantly exert maximum effort to repeatedly achieve such accolades.”  

The ‘Kuwait Domestic Cash management Bank of the Year’ award underlines the bank’s product diversity and the exceptional cash management services offered to corporate clients. Burgan Bank’s Cash Management offering presents itself as a platform that provides a number of key services specialized in cost effective and end to end solutions that optimize cash flow for corporates. 

Moreover, the ‘Best Credit Card Initiative of the Year in Kuwait’ award a reflection of the success of the Burgan Bank Qatar Airways co-branded MasterCard, the fastest air mile earner in Kuwait where the bank continuously provides the best in class banking and aviation experiences and benefits to cardholders in Kuwait.

The Burgan Bank Qatar Airways co-branded MasterCard offers unrivalled Qmiles for every Kuwaiti Dinar spent, depending upon the card variant and spend location. The Qmiles can be redeemed for a selection of services such as complimentary flights, upgrades and excess baggage awards on Qatar Airways, award flights on partner airlines and across the oneworld® alliance.

Furthermore, the ‘Best Advertising Campaign of the Year in Kuwait’ award has been granted to Burgan Bank for its creativity in executing the premier banking campaign, where the communications spelled out the exclusive convenience of Premier banking customers’ benefits, making them stand out from the crowd.

Burgan Bank continues to execute its strategic plan and adopt best practices that are in line with its overall growth objectives at different fronts. The latest awards follow an extensive list of recognitions that the bank continues to receive, which highlights its growth story and progress of its local, regional and international operations. Moreover, Burgan Bank has one of the largest regional branch networks with more than 235 branches across Kuwait, Turkey, Jordan, Algeria, Iraq, Tunisia, Lebanon and Palestine.

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.

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