Burgan Bank
Encyclopedia
Burgan Bank, established 1977, is a bank in Kuwait
Kuwait
The State of Kuwait is a sovereign Arab state situated in the north-east of the Arabian Peninsula in Western Asia. It is bordered by Saudi Arabia to the south at Khafji, and Iraq to the north at Basra. It lies on the north-western shore of the Persian Gulf. The name Kuwait is derived from the...

. It is a subsidiary of Kuwait Projects Company Holding
KIPCO
Kuwait Projects Company , popularly known as KIPCO, is one of the premier investment holding companies in the Middle East and North Africa region. KIPCO has substantial ownership interests in a diversified portfolio of companies in Europe, the Middle East, and the USA...

 and operates a network of 24 branches and over 100 ATMs. Burgan is one of the youngest banks in Kuwait. Burgan Bank recorded a profit of 74.8 million Kuwaiti Dinar
Kuwaiti dinar
The dinar is the currency of Kuwait. It is sub-divided into 1000 fils. It is the highest-valued currency unit in the world.-History:...

s for the year 2007, up 34% from 55.7 million in 2006.

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