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Burgan Bank affected by geopolitics in 2014 - CEO

Burgan Bank affected by geopolitics in 2014 - CEO
Photo Credit: Arabianeye-Reuters
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By: Ahmad Awad

Kuwait-Mubasher: The financial results of Burgan Bank in 2014 were affected by the geopolitical factors in the Middle East, said the bank’s CEO Eduardo Eguren.

“Returns from the bank's operations in Algeria declined by KWD 12 million,” Eguren noted, adding that banking activity in Iraq was affected by the country’s status quo.

On the sideline of the Shafafiyah Forum, Eguren said that Burgan’s market share of loans in the past four years has soared by 14%.

“Returns of Burgan Bank in Jordan grew by 6.7%, while the bank’s activity in Tunisia improved. Additionally, Burgan Bank's operations in Turkey witnessed a remarkable performance,” he said.

Translated by: Ingy ElSafy