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•Kuwait Domestic Cash Management Bank of the Year
• Best Domestic Retail Bank of the Year
• Best Mobile Banking Initiative of the Year
• Best Digital Banking Initiative of the Year
Kuwait - 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 fourth consecutive year, 'Best Mobile Banking Initiative of the Year in Kuwait' for the successful development of the bank's application on apple watch 'Best Digital Banking Initiative of the Year in Kuwait' for the bank's page on Instagram which targets and communicates to youth customers and 'Best Domestic Cash Management Bank of the Year' for the third consecutive year.
The bank's success was recently announced at the Asian Banking and Finance 2016 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.
Commenting on this success, 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. This year, we have won two new awards which are the 'Best Mobile Banking Initiative of the year' and 'Best Digital Banking Initiative of the year' awards. Helping banks go Digital is at the core of our strategy and these awards will encourage us to strive even harder to make our customers successful in their Digital endeavors.
He added, "We will continue to innovate and bring to our customers superior Digital and mobile solutions built on our state-of-the-art technologies. We are proud of having set the bar for best initiative in the digital and mobile banking business and we look forward to driving similar success across the regions and globally".
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 across Kuwait, Turkey, Algeria, Iraq, Tunisia, Lebanon and Palestine.
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About Burgan Bank
Established in 1977, Burgan Bank is the youngest commercial 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.
The Bank has continuously improved its performance over the years through an expanded revenue structure, diversified funding sources, and a strong capital base. The adoption of state-of-the-art services and technology has positioned it as a trendsetter in the domestic market and within the MENA region. Burgan Bank's brand has been created on a foundation of real values - of trust, commitment, excellence and progression, to remind us of the high standards to which we aspire. 'People come first' is the foundation on which its products and services are developed.
The bank was re-certified with the prestigious ISO 9001:2008, making it the first bank in the GCC, and the only bank in Kuwait to receive such accreditation for the third consecutive year. The Bank also has to its credit the distinction of being the only Bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award for twelve consecutive years.
Burgan Bank, a subsidiary of KIPCO (Kuwait Projects Company), is a strongly positioned regional Bank in the MENA region.
© Press Release 2016
