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Burgan Bank sponsors Kuwait Financial Forum

Under the patronage of His Highness the Prime Minister Sheikh Nasser Al-Mohammad Al-Sabah, Burgan Bank, amongst the leading and most dynamic commercial banks in the State of Kuwait, was the silver sponsor of the recently concluded Kuwait Financial Forum.

The forum was organized by Iktisaad Wal Aamal in cooperation with the Central Bank of Kuwait and Kuwait Banking Association and was held on November 1-2 at the Sheraton Hotel, Kuwait City. The two day conference addressed and tackled the key financial issues that are currently being faced by the banking industry in the region.

Jonathan Lyon, CEO Burgan Bank, said:
"The conference came at an extremely crucial time and aimed at bringing together industry leaders to discuss the current financial crisis. Over the last year or so, the world markets have faced numerous challenges which have impacted practically all sectors of the economy. These challenges were addressed and solutions were sought to develop clear strategies that will hasten the recovery from a micro and macro economic level. This forum enabled us to share ideas and opinions as well as look at ways to overcome some of the challenges that we may still face during the recovery stages."


The forum focused on key topics which included; the Arab economies in the post-crisis phase, the new regulatory paradigm and the role of central banks, the challenges facing Arab banks from the slowdown in economic growth, the liquidity shortage, and the decline in asset values.

"These topics are of great importance and relevance considering the turmoil the industry has undergone in the past year. The conference provided a perfect platform for industry experts to interact and discuss the way forward for the financial industry," added Mr. Lyon.
Burgan Bank silvers sponsors at the Kuwait Financial Forum.
Burgan Bank silvers sponsors at the Kuwait Financial Forum.
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About Burgan Bank:

Burgan Bank, a subsidiary of KIPCO (Kuwait Projects Company), is a regional bank with majority owned subsidiaries in the Mena region. The youngest and most dynamic regional commercial bank, established in 1977, the Bank has acquired a leading role in the retail, corporate and investment banking sector through innovative product offers and technologically advanced delivery channels. Its subsidiaries include Gulf Bank Algeria (Algeria), Bank of Baghdad (Iraq) and Jordan Kuwait Bank (Jordan). It has continuously improved its performance over the years by applying an expanded revenue structure, good asset quality, diversified funding sources and a strong capital base. The adoption of state-of-the-art services and ground-breaking technology has positioned it as a trendsetter in the domestic market and within the Mena region. At present it enjoys a wide reach through our network of 21 branches and over 120 ATM's making it one of the widest ATM networks in the GCC.

The 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 and are further augmented by its three pillars of innovative technology, staff competency and customer service. It is committed to offering an enhanced banking experience.

Excellence is one of the banks 4 key values and Burgan Bank continually strives to maintain the highest standards in the industry. The Bank was recertified and is still the only bank in the GCC with ISO 9001:2000 certification in all its banking businesses. It also has to its credit the distinction of being the only bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award, 12 year in succession and was also acknowledged as the 'Best Local Private Bank' in Kuwait in the Fourth Annual Euromoney Private Banking Survey 2007. Further, for two consecutive years, it was conferred the CommerzBank Recognition Award, for maintaining high standards of quality, efficiency and reliability while processing Euro currency transactions as well. The Bank's commitment to uphold best practices was recognized when it won the region's first Hawkamah-UAB Bank Corporate Governance Award 2007 while its marketing excellence was recognized as amongst the best in the region by the Middle East Business Achievement Awards 2008.

Media contact:

Aabha Gandhi
PR Manager
Memac Ogilvy & Mather
T. +965 24610371
F. +96524610376

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