# Burgan Bank

> Source: https://docs.barcoder.ai/docs/wallets/burgan-bank
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Burgan Bank — official](https://www.burgan.com/)

## Overview

**Burgan Bank** is **KIPCO (Kuwait Projects Company) majority-owned subsidiary + Kuwait #3 by assets** <sup>[1][1], [2][2], [Kuwait report](https://docs.barcoder.ai/docs/payments/KW)</sup>. **Dec 2024 baseline**: Burgan Bank KD 8.2B total assets (~US$26.7B) + 123 branches + 280 ATMs across MENA region; **Burgan Bank mobile banking app + digital onboarding services + Burgan Bank Investor Relations (IR) mobile app distinctive Kuwaiti banking innovation**; Burgan Bank flagship Kanz savings prize return + Global Finance awards including Best Support for SMEs + Best Mobile Banking Kuwait.

**Distinctive Burgan positioning**:
- **KIPCO (Kuwait Projects Company) majority-owned subsidiary** (KIPCO = one of largest MENA holding companies)
- **Kuwait #3 by assets** (Dec 2024: KD 8.2B / ~US$26.7B total assets)
- **123 branches + 280 ATMs across MENA region** (Kuwait + Turkey + Iraq + Algeria + Tunisia)
- **Burgan Bank Investor Relations (IR) mobile app launch** distinctive Kuwaiti banking innovation (iOS + Android)
- **Burgan Bank flagship Kanz savings prize return** (distinctive Kuwaiti Islamic-style savings prize program)
- **Global Finance awards including Best Support for SMEs + Best Mobile Banking Kuwait**
- **Mar 1977 Burgan Bank founding by KIPCO**
- **Burgan Bank Türkiye Turkish subsidiary** (post-2012 Eurobank Tekfen Turkish $355M acquisition)

## History

**Mar 13 1977 — Burgan Bank founded by KIPCO (Kuwait Projects Company)** → distinctive Kuwaiti commercial banking heritage.

**2007 — Burgan Bank Türkiye Turkish entry** (post-Tekfenbank acquisition).

**2008 — Burgan Bank Tunisia + Burgan Bank Algeria + Burgan Bank Iraq founding via Eurobank EFG MENA banking subsidiary acquisitions**.

**2011 — Burgan Bank mobile banking app launches**.

**Dec 2024 baseline**: Burgan Bank KD 8.2B total assets (~US$26.7B) + 123 branches + 280 ATMs across MENA region <sup>[2][2]</sup>.

**2025 — Burgan Bank Investor Relations (IR) mobile app launch** distinctive Kuwaiti banking innovation + Burgan Bank flagship Kanz savings prize return <sup>[1][1], [3][3]</sup>.

## Ownership & operator

**Operating entity**: **Burgan Bank K.S.C.P. (Boursa Kuwait: BURG)**.

**Parent**: **KIPCO (Kuwait Projects Company K.S.C.P.; Boursa Kuwait: KIPCO)** — one of largest MENA holding companies.

**Regulator**: **CBK (Central Bank of Kuwait)**.

## Technical integration

Burgan Bank mobile banking app (iOS + Android) + burgan.com online + Burgan Bank cards (Visa + Mastercard) + Burgan Bank Kuwait + 4-country MENA branch network (123 branches + 280 ATMs); Kuwait Instant + GCC RTGS interconnect; **Burgan Bank Investor Relations (IR) mobile app** distinctive Kuwaiti banking innovation; **Burgan Bank flagship Kanz savings prize return** distinctive Kuwaiti Islamic-style savings prize program; **Elastic observability + security stack** distinctive Burgan Bank Türkiye IT infrastructure (90% faster response + unified observability).

## Users & growth

**Dec 2024**: Burgan Bank KD 8.2B total assets (~US$26.7B) + 123 branches + 280 ATMs across MENA region.

## Use cases

Kuwaiti + Turkish + Iraqi + Algerian + Tunisian retail + private + corporate + SME + investment banking via Burgan Bank mobile + burgan.com online + cards + branches; Kuwait Instant + GCC RTGS interconnect; **Burgan Bank Investor Relations (IR) mobile app** + **Burgan Bank flagship Kanz savings prize return**.

## Implementations & partners

**Operator**: Burgan Bank K.S.C.P. (Boursa Kuwait: BURG); **KIPCO (Kuwait Projects Company) majority-owned subsidiary**.

**Subsidiaries**: **Burgan Bank Türkiye** (Turkish subsidiary post-2007 Tekfenbank acquisition) + **Burgan Bank Tunisia** + **Burgan Bank Algeria** + **Burgan Bank Iraq**.

**Major Kuwaiti banking competitors**: [NBK (National Bank of Kuwait)](https://docs.barcoder.ai/docs/wallets/nbk) (National Bank of Kuwait; Kuwait's largest commercial bank by assets) + [Kuwait Finance House (KFH) / KFHOnline](https://docs.barcoder.ai/docs/wallets/kfh) (Kuwait Finance House; world's largest Islamic bank by assets) + [Boubyan Bank](https://docs.barcoder.ai/docs/wallets/boubyan) (NBK Islamic banking arm; first Kuwait Islamic bank under 2004 Islamic Banks Law; ~99% mobile transactions) + Gulf Bank Kuwait + Commercial Bank of Kuwait + Warba Bank + Al-Ahli Bank of Kuwait (ABK).

**Regulator**: CBK.

## Fun facts

- **KIPCO (Kuwait Projects Company) majority-owned subsidiary** (KIPCO = one of largest MENA holding companies).
- **Kuwait #3 by assets** (Dec 2024: KD 8.2B / ~US$26.7B total assets).
- **123 branches + 280 ATMs across MENA region** (Kuwait + Turkey + Iraq + Algeria + Tunisia).
- **Burgan Bank Investor Relations (IR) mobile app launch** distinctive Kuwaiti banking innovation.
- **Burgan Bank flagship Kanz savings prize return** (distinctive Kuwaiti Islamic-style savings prize program).
- **Global Finance awards including Best Support for SMEs + Best Mobile Banking Kuwait**.
- **Mar 13 1977 Burgan Bank founding by KIPCO**.
- **Burgan Bank Türkiye Turkish subsidiary** (post-2007 Tekfenbank acquisition).

## Comparison

| Feature | Burgan Bank | [NBK (National Bank of Kuwait)](https://docs.barcoder.ai/docs/wallets/nbk) (Kuwait's largest commercial bank by assets rival) | [Kuwait Finance House (KFH) / KFHOnline](https://docs.barcoder.ai/docs/wallets/kfh) (world's largest Islamic bank by assets rival) | [Boubyan Bank](https://docs.barcoder.ai/docs/wallets/boubyan) (NBK Islamic banking arm rival; first Kuwait Islamic bank under 2004 Law; ~99% mobile transactions) | Gulf Bank Kuwait (Kuwait commercial bank rival) |
|---|---|---|---|---|---|
| Operator | **Burgan Bank K.S.C.P. (Boursa Kuwait: BURG; KIPCO subsidiary)** | National Bank of Kuwait S.A.K.P. (NBK; Boursa Kuwait: NBK) | Kuwait Finance House K.S.C.P. (KFH; Boursa Kuwait: KFH) | Boubyan Bank K.S.C.P. (Boursa Kuwait: BOUBYAN; NBK subsidiary) | Gulf Bank K.S.C.P. (Boursa Kuwait: GBK) |
| Type | **KIPCO subsidiary + Kuwait #3 by assets + KD 8.2B total assets Dec 2024 + 123 branches + 280 ATMs across MENA + Burgan Bank Türkiye + Burgan Bank Investor Relations IR mobile app + Kanz savings prize program** | Kuwait's first commercial bank since May 19 1952 + Kuwait's largest commercial bank by assets + 14+ country footprint | World's largest Islamic bank by assets + 615 branches across 12 countries + KFHOnline 200+ banking services + Sep 25 2022 AUB BHD 4.1B merger | Kuwait Islamic Bank + NBK Islamic banking arm + first Islamic bank under 2004 Islamic Banks Law + ~99% mobile transactions + 85% digital banking + majority customers under 30 + 2025 KD 110.5M net profit | Gulf Bank Kuwaiti commercial bank + Gulf Bank Mobile |
| Country | KW + TR + IQ + DZ + TN | KW + 13+ countries | KW + 11+ countries | KW | KW |
| Distinctive | **Mar 13 1977 Burgan Bank founding by KIPCO; 2007 Burgan Bank Türkiye Tekfenbank acquisition; 2008 Burgan Bank Tunisia + Algeria + Iraq founding via Eurobank EFG MENA acquisitions; 2011 mobile app launch; 2025 Investor Relations IR mobile app launch + Kanz savings prize return** | May 19 1952 NBK founding (Kuwait's first commercial bank); 2009 Boubyan Bank acquisition | Mar 23 1977 KFH founding (world's first Islamic commercial bank); Sep 25 2022 AUB BHD 4.1B acquisition | Jul 2004 Boubyan Bank founding (first Islamic bank under Kuwait Islamic Banks Law); 2009 NBK acquisition | 1960 Gulf Bank founding |

## Status

**Active, KIPCO majority-owned subsidiary + Kuwait #3 by assets** <sup>[1][1], [2][2], [3][3]</sup>:
- **Burgan Bank K.S.C.P. (Boursa Kuwait: BURG; KIPCO subsidiary)** since Mar 13 1977 Burgan Bank founding by KIPCO.
- **Dec 2024: KD 8.2B total assets (~US$26.7B) + 123 branches + 280 ATMs across MENA region + Burgan Bank Türkiye + Burgan Bank Tunisia + Burgan Bank Algeria + Burgan Bank Iraq**.
- **2025 Investor Relations IR mobile app launch + flagship Kanz savings prize return + Global Finance Best Support for SMEs + Best Mobile Banking Kuwait awards**.
- **CBK regulated**.

## Sources

[1]: https://www.zawya.com/en/press-release/companies-news/burgan-bank-launches-investor-relations-mobile-app-to-transform-investor-communication-o764be5t "Burgan Bank launches investor relations mobile App — Zawya"
[2]: https://gfmag.com/banking/top-10-banks-in-kuwait/ "Top 10 Banks in Kuwait — Global Finance Magazine"
[3]: https://www.zawya.com/en/press-release/companies-news/burgan-banks-flagship-kanz-returns-lmn7km5q "Burgan Bank's flagship Kanz returns — Zawya"
[kw-cro]: https://docs.barcoder.ai/docs/payments/KW

- [1] [Burgan Bank launches investor relations mobile App — Zawya][1]
- [2] [Top 10 Banks in Kuwait — Global Finance Magazine][2]
- [3] [Burgan Bank's flagship Kanz returns — Zawya][3]
- <sup>[Kuwait report](https://docs.barcoder.ai/docs/payments/KW)</sup> In-corpus: `reports/countries/KW-kuwait.md`

## Source

Biography extracted from [burgan-bank.md](https://docs.barcoder.ai/source/wallets/burgan-bank). See `matrix.md` for standards-support matrix if present.