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About Us

Brief History

Brief History

The bank that was originally founded in 1989 as Tekfen Yatırım Finansman Bankası AŞ (Tekfen Investment Finance Bank Inc), quickly joined the ranks of Turkeys most prestigious financial institutions in the areas of corporate banking and investment banking products and services. After doing business through a single branch for more than a decade, in 2001 the bank embarked upon a new growth strategy which involved putting its accumulated knowledge and experience to work through an expansion into the domain of commercial banking as well. That year, Tekfen acquired Bank Ekspres, a medium-sized commercial bank, as a manifestation of this strategy. In 2006 the Tekfen Group entered into a strategic partnership agreement with Eurobank EFG, as a result of which move the banks name was changed to Eurobank Tekfen.

On 21 December 2012, the Burgan Bank Group became the banks majority shareholder with its acquisition of a 99.26% stake as a result of its purchase of shares previously belonging to Eurobank and Tekfen Holding. Formalities pertaining to the change of the banks legal name were initiated and completed as required and the bank began doing business under its new name, Burgan Bank AŞ, effective 28 January 2013. Burgan Bank A.Ş.’s majority shareholder, the Burgan Bank Group, is a Kuwait-based financial services group and a leading financial services provider in the Middle East and North Africa (MENA) with four other majority-held subsidiaries in Algeria (Gulf Bank Algeria), Iraq (Bank of Baghdad), Tunisia (Tunis International Bank).​

With its new identity, Burgan Bank Turkey continues to do business as its customers’ solution partner through 41 FX-authorized branches located in the country’s most important industrial and commercial heartlands. Nourished by the strength of its commitment to such banking ethical principles as honesty and trustworthiness, Burgan Bank seeks to enter into and maintain long-term relationships with customers in line with its approach of always delivering reliability and quality.

Backed by a majority shareholder who is closely familiar with the MENA region and its dynamics as a rising star of the world economy, Burgan Bank Turkey adheres to a "focused banking" approach through which it centers itself around its customers objectives.

Working in tandem with three of its subsidiaries –Burgan Leasing, Burgan Yatırım, Burgan Portfoy –Burgan Bank Turkey has the ability to supply the full range of banking products and services to corporate, commercial, and SME as well as retail customers.

Vision and Mission

Vision and Mission

Vision

To be the best of class financial service provider in Turkey through sustained execution of best practice, innovation and stakeholder care.

Mission

Burgan Bank is your financial partner, forming a relationship with you based on integrity and trust, to provide expert specialist financial and investment solutions that help your business and personal wealth grow.

Goals

To maximize value for all our stakeholders (clients, personnel and shareholders) by building on Burgan Banks three pillars of client delight and care, leveraging its operational and technological capabilities and nurturing our staff. Our stakeholders value must be consistent, growth oriented and accomplished in the spirit of the corporate governance framework.

Corporate Values

Corporate Values

Trust

We consider complete trust and integrity in all our business operations as our highest value. Keeping this promise is the foundation of our brand.

Commitment

We are committed to creating long term relationships with our customers and employees, based on trust, partnership and mutual respect.

Progression

We seek progress through innovation and understanding, allowing us to better serve our customers needs through every stage of life.

Excellence

We aim to set and meet the highest standards of excellence through all of our activities, to live up to and deliver on our promises, and add value beyond what is expected by our customers.

“We” culture

  • We support each other as Burgan family.
  • We work in harmony.
  • We listen each other’s views and respect different opinions.
  • We are open to one another; we act with fairness.

Dynamism

  • We consider change as an opportunity; we comply with the changing circumstances quickly.
  • We make quickly implementable decisions; we produce creative and practical solutions.
  • We make a difference with alternative points of views.

Achievement

  • We take target-oriented actions; we set challenging goals.
  • We make efforts for reaching the better; we do not give up against challenges.
  • We always appreciate the efforts for reaching success.
  • We efficiently use our resources while reaching our goals.

About Burgan Bank Group

About Burgan Bank Group

Established in 1977, Burgan Bank is the youngest commercial Bank based 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 three majority owned subsidiaries: Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq), and Tunis International Bank – TIB (Tunisia) (collectively known as the "Burgan Bank Group").

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 Banks 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. Earlier this year, Brand Finance – the international brand rating firm – rated Burgan Bank brand as AA with a positive outlook. The rating places Burgan Bank Brand at 2nd amongst the most valuable banking brands in Kuwait.

Excellence is one of the Banks four key values and Burgan Bank continually strives to maintain the highest standards in the industry. The Bank was re-certified in 2010 with the ISO 9001:2008 certification in all its banking businesses, making it the first bank in the GCC, and the only bank in Kuwait to receive such accreditation. The Bank also has to its loan 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 won the prestigious "Banking Web Awards" prize in the commercial and corporate Category for Kuwait. In 2010 Burgan Bank was awarded with the "Best Internet Banking Service award" from Banker Middle East Awards. Burgan Bank was recognized in 2011 as Kuwaits "Best Private Bank", by World Finance. The bank also won, in 2011, the coveted "International Platinum Star for Quality" award from Business Initiative Directions, and "The Best Technical Award" from Banking Web Awards. In 2012, Global Banking and Finance Review online magazine recognized Burgan Bank as the "Best Banking Group in the MENA" as well as the "Best Corporate Bank in Kuwait". The bank also won the coveted "Best Bank Branding" award by the Banker Middle East. For the second consecutive year in 2012, Burgan Bank also won World Finances "Best Private Bank" award, as well as the "Best Private Bank in Kuwait 2012" award from Capital Finance International. The bank recently won the "Best Bank in Kuwait" award from EMEA Finance.

Burgan Bank won the prestigious "Banking Web Awards" prize in the commercial and corporate Category for Kuwait. In 2010 Burgan Bank was awarded with the "Best Internet Banking Service award" from Banker Middle East Awards. Burgan Bank was recognized in 2011 as Kuwait’s "Best Private Bank", by World Finance. The bank also won, in 2011, the coveted "International Platinum Star for Quality" award from Business Initiative Directions, and "The Best Technical Award" from Banking Web Awards. In 2012, Global Banking and Finance Review online magazine named Burgan Bank as the "Best Banking Group in the MENA" and the "Best Corporate Bank in Kuwait". The bank also won the coveted "Best Bank Branding" award by the Banker Middle East. For the second consecutive year in 2012, Burgan Bank also won World Finances "Best Private Bank" award as well as the "Best Private Bank in Kuwait 2012" award from Capital Finance International. The bank recently won the "Best Bank in Kuwait" award from EMEA Finance.

Burgan Bank, a subsidiary of KIPCO (Kuwait Projects Company), is a strongly positioned regional Bank in the MENA region.

Click here for Burgan Bank's web site.

Our Organizational Structure

Our Organizational Structure

Board of Directors

Chairman of the Board of DirectorsFaisal M.A. Al Radwan​
Board MemberEduardo Eguren Linsen
Board MemberMajed E.A.A. Al Ajeel
Board MemberAdrian Alejandro Gostuski
Board MemberOsama T. Al Ghoussein
Board MemberHalil Cantekin
Board MemberMehmet Alev Göçmez
Board MemberA. Murat Dinç

Senior Management

Chairman of the Board of DirectorsFaisal M.A. Al Radwan​​
Board Member, CEOA. Murat Dinç
Internal Systems Executive Vice PresidentCihan Vural
Operation and Management Services Executive Vice PresidentEsra Aydın
Loans Executive Vice PresidentH.Hüseyin Uyar
Corporate Banking Executive Vice PresidentHüseyin Cem Öge
Commercial and SME Banking Executi​​ve Vice PresidentKerem Sözügüzel
Human Resources , Training and Organization Executive Vice PresidentLevent Ergin
Treasury, Capital Markets, and Financial Institutions Executive Vice PresidentMutlu Akpara
Finance Executive Vice PresidentMehmet Yalçın
Risk Management Group HeadBanu Ertürk
Information Technologies Group HeadMurat Çetin Sav
Retail Credits Group HeadTangül Koçer
Legal Group HeadTolga Erendaç
​​Strategic Planning and Corporate Communication Group HeadTuba Onay Ergelen
Digital Banking Group HeadUfuk Dinç​

Ethical Banking Principles

Ethical Principles of Banking

Burgan Bank follows principles of ethics in all of our operations to protect the rights and interests of our depositors, to foster confidence and stability in financial markets, to ensure that our deposit and loan systems function effectively alongside economic development, and to prevent transactions and practices that cause serious harm to the economy while being mindful of the interests of society and protecting the environment. These are the principles of ethics that Burgan Bank follows:

  • Being honest
  • Remaining impartial
  • Being trustworthy
  • Providing transparency
  • Being mindful of the best interests of society and having respect for the environment
  • Fighting against money laundering
  • Behaving ethically in all of our business activities with banks, employees, and competitors
  • Displaying sensitivity towards issues related to disclosure, service quality and security in customer relations and responding to customer complaints immediately
  • Recruiting and employing human resources who will safeguard the respectability of banking and who are equipped with the knowledge, experience, and sense of responsibility required for their positions
  • Being honest and transparent in all relations with public agencies and organizations

Our Subsidiaries

Our Subsidiaries

*As 100% of the firm is owned by Burgan Yatırım Menkul Değerler A.Ş., Burgan Bank A.Ş. is its indirect owner.

Shareholders Structure

Shareholders Structure

Burgan Bank K.P.S.C.893.32499,26%
Others6.6760,74%
Total900.000100,00%

Main Account Correspondents

Main Account Correspondents

CURRENCYCORRESPONDENT BANKCORRESPONDENT SWIFT/BIC
AUDJPMorgan Chase Bank National Association, SydneyCHAS AU 2X
CADBank of Montreal, TorontoBOFM CA M2
CHFZürcher Kantonalbank, ZürichZKBK CH ZZ
DKKDanske Bank A/S, CopenhagenDABA DK KK
EURCommerzbank AG, Frankfurt am MainCOBA DE FF
EURDeutsche Bank AG, Frankfurt am MainDEUT DE FF
EURKBC Bank NV, BrusselsKRED BE BB
EURStandard Chartered Bank, Frankfurt am MainSCBL DE FX
GBPStandard Chartered Bank, LondonSCBL GB 2L
JPYMUFG Bank Ltd., TokyoBOTK JP JT
KWDBurgan Bank K.P.S.C, Kuwait CityBRGN KW KW
NOKDNB Bank ASA, OsloDNBA NO KK
SARRiyad Bank, RiyadhRIBL SA RI
SEKDanske Bank A/S, StockholmDABA SE SX
USDCitibank NA, New YorkCITI US 33
USDJPMorgan Chase Bank National Association, New YorkCHAS US 33

Articles of Incorporation of Burgan Bank

Articles of Incorporation of Burgan Bank

ARTICLES OF ASSOCIATION OF BURGAN BANK ANONİM ŞİRKETİ

Risk Management

Risk Management

Since banking is a risk-taking business, this risk has to be managed efficiently. The connotation of risk to a bank means loss. Therefore, it is incumbent on risk management to take every preventative measure to minimize this loss. Risk management activities entail the identification, assessment, and management of the risk. Burgan Bank has already instituted effective risk management policies according to the Basel II criteria.

Market Risk: It is responsible for the assessment of the risk Burgan Bank incurs in connection with its operations in money and capital markets. The Market Risk Unit’s operations entail efforts to create a comprehensible risk profile, to implement instruments concerning the market risk, and to reduce risk and enhance controls.

Loan Risk: It is the risk of default on a debt that may arise from a borrower failing to make required payments fully and on time. Loan risk management activities are conducted by Loan Risk Unit. The department’s primary responsibilities include the performance of portfolio analyses for the assessment, management and monitoring of loan risk, and preparing required analyses regarding potential risks.

Operational risk: It covers activities regarding the definition, evaluation, tracking, assessment, reporting, and in conclusion, reduction of operational risks. In this context, people, process, system errors and external events are taken into consideration as relevant factors, and internal and external variables affecting the level of operational risk are evaluated on a continuous basis.

Terms and Features

Terms and Features

Burgan Bank A.Ş. Terms And Condıtıons
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