Burgan Bank plans foreign acquisitions
Kuwait: Monday, April 07 - 2008 at 08:38
Kuwait's Burgan Bank has said it plans to look abroad to expand its business, as competition within its home market gets tougher. The bank, which recently went through a total image rebranding, said it would make its first foreign acquisitions within a year. According to Gulf News, the bank has warned it may struggle to meet its 2008 profit target. The bank is looking to counterparts in Egypt, Algeria, Mauritania, Syria and Iraq as possible targets.
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StaffMonday, April 07 - 2008 at 08:38 UAE local time (GMT+4)
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