Burgan Bank: Restoring Profitability and Growing in the Region

Burgan Bank’s normalized operating margin in 2011 grew 15%, several times the expansion of the GDP. Thus, the bank has been able to win some market share.

The strategy for 2012 is to continue to grow in the region, while maintaining strong presence in Kuwait. Kuwaiti operation currently accounts for approximately 64% of the balance sheet, the positions, the customers and the revenues.

After the crisis of 2008-2009, Kuwait’s operation returned to profitability in 2011.