About Us

Established under the name of Tekfen Yatırım Finansman Bankası A.Ş. in 1989, the Bank quickly joined the ranks of Turkey’s most prestigious financial institutions in the areas of corporate and investment banking. In 2001, it took over the Bank Ekspres in accordance with its growth plans and with the decision of enhancing its experience in the field of commercial banking. In 2007, Tekfen Group got into partnership with Eurobank EFG and continued to carry out its activities under the name of Eurobank Tekfen A.Ş.

On December 21, 2012, Burgan Bank K.P.S.C. acquired the shares owned by Eurobank EFG and Tekfen Holding and became the main shareholder with a 99.26% share and the title of the bank was changed as Burgan Bank A.Ş. on January 28, 2013.

Burgan Bank acts as a “solution partner” for its customers and provides services through its 32 branches located in 14 important industrial and trade regions of Turkey. The Bank aims to establish long-term relations with its customers by emphasizing on stability and quality while conducting its activities in accordance with the principles of banking ethics, especially accuracy and reliability.

Backed by a majority shareholder who is closely familiar with the MENA region and its dynamics as a rising center of the world, Burgan Bank Turkey, puts its customer’s goals in the center of its banking activities, and conducts its business activities based on “banking focused on you” approach. The Bank provides services to its wide customer base in corporate, commercial and digital banking segments  cooperating in synergy with its subsidiaries, Burgan Leasing and Burgan Yatırım.

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.

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.

Established in 1977, Burgan Bank is the youngest commercial Bank 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 majority owned subsidiaries in the MENAT region supported by one of the largest regional branch networks, which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon),Tunis International Bank – TIB (Tunisia), and fully owned Burgan Bank – Turkey, (collectively known as the “Burgan Bank Group”). Furthermore, Burgan Bank has a present in the UAE through its corporate office (“Burgan Financial Services Limited) which had helped the bank to participate in multiple financing opportunities in the UAE.

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 Bank’s 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.

The bank was re-certified with the prestigious ISO 9001:2015, making it the one of the few banks in the GCC and Kuwait to receive such certification for the Fifth consecutive time. The Bank also has to its credit the distinction of being the only Bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award for twelve consecutive years. Furthermore, the Bank became one of the first local bank to implement Anti-Financial Crime (AFC) Program across Burgan Bank Group in line with Burgan Bank expansion strategy.

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

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

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.