11/12/2014
The bank has issued three profit warnings and has suffered a 30 percent drop in its share price. It has had to pay $667 million for violating US sanctions on Iran in 2012, and has been affected by a rise in bad debts in China and India.
11/12/2014
Ahmad Al Duwaisan, Deputy General Manager - Corporate Banking was presented with the award during an awards ceremony in Dubai, which took place at a gala dinner at JW Marriott Marquis, on Monday 10 November 2014.
11/08/2014
Turkey's state-run Ziraat Bankası New York branch, which has been subjected to strict US Federal Reserve (Fed) inspections over accusations of illegal money transfers, has told its customers that it is quitting retail banking.
11/05/2014
The Award was presented to the Bank at the 14th London Global Convention on Corporate Governance Sustainability Global Business Meet and Presentation of Golden Peacock Awards at the House of Lords, UK Parliament, Westminster, London, recently.
10/23/2014
Kuwait Investment Authority, the sovereign wealth fund which started as a Bank of England account dedicated to receiving oil money, will sell stakes in three local companies worth 1.56 billion dinars
10/20/2014
Burgan Bank , Kuwait's third-largest lender by assets, will launch a 21.6 million dinars rights issue by the end of 2014 pending regulatory approvals, it said in a bourse filing on Sunday.
10/05/2014
The Islamic lender, which has more than a million deposit-holding customers and 282 branches, is caught in a power struggle between President Tayyip Erdogan and Fethullah Gulen, an Islamic cleric whose sympathizers founded the bank.