Burgan Bank, established 27 December 1975, is a Kuwaiti bank headquartered in Kuwait City. It is Kuwait's second-largest conventional bank by assets.[1] It is a subsidiary of Kuwait Projects Company Holding and 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.[citation needed]
In December 2023, Burgan Bank obtained the approval of the Central Bank of Kuwait and appointed Fadel Mahmoud Abdullah as the new CEO.[2]
On 23 December 2012, Burgan Bank acquired, from Eurobank, a 70% stake in Tekfenbank, which is a Turkish bank in Cyprus.[3]
