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Saturday, November 21 - 2009

Burgan Bank

Name Burgan Bank
Sector Finance & Insurance - Commercial Banks
Trading KSE
RIC Code BURG.KW
Location KUWAIT

Profile and Background

Burgan Bank S.A.K. is a public shareholding company incorporated in the State of Kuwait by law decree dated 27 December 1975, making it one of the youngest commercial banks in the State of Kuwait. The bank's privatization in 1997 resulted in Kuwait Investment Projects Company (KIPCO) becoming the major shareholder, paving the way for further growth and expansion of product ranges and services.

Its innovative product offers and technologically advanced delivery channels achieve the bank's positioning in the retail and commercial banking industry with close to 110 ATMs and 21 branches, the widest ATM network in the GCC.

In addition to expanding their retail network, diversifying investment and financial products, enhancing treasury operations, and increasing syndication activities is their current focus. Recently, Burgan Bank unveiled a new corporate identity with a motto "driven by you" that reflects their commitment towards customer centricity.

Shareholding Groups

Individuals N/A
Institutions 44%
Floating N/A
Government 6%

Board Members (Listed in alphabetical order)

Stock Performance

Burgan Bank Stock Performance

Market Information

Stock Kuwait Index
Last Closing KD 0.4 4235.56
YTD % 9.59% 32.59%
Weekly % 1.266% 2.45%
Year High KD 0.425 4452.02
Year Low KD 0.34 3194.54
52 Week High KD 0.425 4452.02
52 Week Low KD 0.335 2615.06
BETA 0.582
Outstanding Shares 860,603,939
Market Cap KD 344,241,576
Market Cap in $ USD $1,178,505,909
% of Kuwait Market 1.28%
% of Sector 2.85%
Rank by Cap 18

Key Figures in '000 KD

2003 2002 2001
Total Assets 1,920,300 1,751,618 1,486,638
Shareholder's Equity 195,160 175,966 162,853
NIAT 20,368 20,667 20,667
Dividends 12,294 6,245 17,173

Financial Ratios

2003 2002 2001
Assets Growth 9.63% 17.82% 30.78%
Earning Growth 0.00% -100.00% 3.22%
ROaA 1.11% 0.00% 1.58%
ROaE 20.87% 0.00% 13.76%
No. Of Shares 819,622,799 780,593,142 780,593,142
EPS 0.02 0.00 0.03
EPS Growth 0.00% N/A 3.22%
Payout Ratio 60.361 30.216 83.094

Valuation Ratios

Trailing
PE 16.90
PB 1.76
DVPS 0.01
Div Yield 3.57%
EV 290,966.09
EV/Equity 1.49
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