Burgan Bank (BURG) News - Mubasher Info
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04 April 10:17 PM

Burgan Bank (BURG`R)

Last update: 2 April 01:14 PM market time.
213.00
-21.00
-8.97%
Open 211.00
Previous Close 234.00
High 213.00
Low 211.00
Stock Statistics
Volume 1,670,322
Turnover 354,573.73
All data are 15 minutes late during market session

News

Photo Credit: Arabianeye-Reuters
15 June 2015 02:56 PM C.bank extends period for KIPCO’s Burgan stake raise
Kuwait Projects Holding (KIPCO) secured the approval of the central bank of Kuwait to extend the deadline for raising stake in Burgan Bank up to 5%, according to a bourse statement Monday.KIPCO saw its stake in Burgan bank rises 0.5% to 47.4%, …
Company News
Photo Credit: Burgan Bank
31 May 2015 09:16 AM Burgan Bank awarded J.P. Morgan’s 2014 Quality Recognition
Burgan Bank received the coveted ‘Quality Recognition Award’ for the year 2014 from J.P. Morgan.The award recognized Burgan’s high quality performance and standards in complete range of USD funds transfer operations management maintained during …
Company News
Photo Credit: Arabianeye-Reuters
18 May 2015 08:33 AM KIPCO continues to raise stake in Burgan Bank
By: Mahmoud GamalKuwait-Mubasher: Certain shareholders of the Kuwaiti bourse have changed their stakes in listed companies on Sunday, as Kuwait Projects Company (KIPCO) and its affiliates raised their stake in Burgan Bank by 0.5% to 47.38% from …
Company News
Photo Archive
4 May 2015 11:13 AM Burgan Bank profits spurred by successful strategies – Chairman
Kuwait – MubasherBurgan Bank’s strong profits for the first quarter of 2015 and continued expansion for the group in local and regional markets were boosted by excellent implementation of a strategic plan, said Chairman Majed Essa Al Ajeel.The …
Company News
Photo Credit: Arabianeye-Reuters
4 May 2015 09:33 AM Burgan Bank Q1 profits rise 2.3%
Burgan Bank registered a 2.3% growth in its Q1-15 earnings, posting a net profit worth KWD 17.53 million ($58.02 million) compared to KWD 17.14 million ($56.73 million) in Q1-14.The bank’s earnings of the fiscal year 2014 totaled KWD 61.8 million, …
Financial Results
Photo Credit: Arabianeye-Reuters
15 April 2015 08:05 AM Investors of 9 firms await key events on Wednesday
Shareholders of nine KSE-listed companies are anticipating major events to take place on 15 April, as Real Estate Asset Management’s ordinary general meeting (OGM) will discuss the board’s proposal of paying 18.5 fils per share, while the …
Company News
Photo Credit: Arabianeye-Reuters
14 April 2015 07:59 AM Kuwait Projects raises stake in Burgan Bank
Kuwait Stock Exchange’s equity ownership saw changes of two listed companies on 13 April, as Kuwait Projects Holding increased its stake in Burgan Bank to 46.320% from 45.720%.Abram Technical Solutions Company decreased its stake in Hits Telecom …
Trade
Photo Credit: Arabianeye-Reuters
31 March 2015 02:59 PM Moody’s reviews Burgan-Turkey’s long-term deposits for downgrade
Moody's Investors Service has placed the ‘Ba2’ long-term deposit rating and ‘ba2’ adjusted baseline credit assessment (BCA) of Burgan Bank-Turkey on review for downgrade.Burgan’s short-term deposit ratings will not be affected by such action, …
Ratings
Photo Credit: Arabianeye-Reuters
26 March 2015 07:57 AM KSE investors to see key events Thursday
Shareholders of KSE-listed firms are awaiting major events on Thursday, as the ordinary general meeting (OGM) of Ooredoo will discuss the recommended cash dividends of 70% or 70 fils per share.The OGM of Aqar Real Estate Investments Company will …
Event
Photo Credit: Arabianeye-Reuters
24 March 2015 09:11 AM Burgan Bank to distribute dividends of FY14 Thursday
Burgan Bank approved the board’s proposal to distribute a cash dividend of 15% and a bonus share of 5% or five shares per each 100 shares for the fiscal year of 2014.Burgan has set the distribution date to be Thursday, 26 March.The bank’s net …
Financial Results
Photo Credit: Arabianeye-Reuters
22 March 2015 00:43 PM Burgan Bank affected by geopolitics in 2014 - CEO
By: Ahmad AwadKuwait-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 …
Company News
Photo Credit: Arabianeye-Reuters
22 March 2015 00:08 PM Burgan OGM approves cash dividends, bonus shares
By: Ahmad Awad Kuwait-Mubasher: The ordinary general meeting (OGM) of Burgan Bank approved, on Sunday, a cash dividend of 15% or 15 fils per share, and a bonus share of 5% or five shares per each 100 shares. Burgan recorded a net profit of KWD …
Company News
Photo Credit: Arabianeye-Reuters
22 March 2015 08:05 AM KSE investors to see key events Sunday
Shareholders of KSE-listed companies will see main events on Sunday, 22 March, as the ordinary general meeting (OGM) of Burgan Bank will discuss the proposal of 15% or 15 fils per share as cash dividends and 5% or five shares per each 100 shares …
Event
Photo Credit: Arabianeye-Reuters
5 March 2015 04:01 PM Burgan Bank to discuss proposed dividends, bonus
On 22 March, 2015, the ordinary and extraordinary general meetings of Burgan Bank will discuss the dividends recommendation for the fiscal year which ended on 31 December, 2014.Burgan Bank’s board has earlier proposed a cash dividend of 15% or 15 …
Financial Results
Photo Credit: Arabianeye-Reuters
23 February 2015 04:27 PM Burgan Bank earnings total KWD 61.8m in FY14
Burgan Bank Group issued its financial results for the year 2014, posting a net profit of KWD 61.8 million for the year 2014, while earning per share (EPS) is reported at 37.6 Fils; the second highest bank in Kuwait in Earning per …
Company News
15 January 2015 01:05 PM Advanced Technology secures $284m credit facility
Advanced Technology announced that it has obtained a credit facility amounts to KWD83.6 million ($284 million) from Burgan bank.The company said, in a bourse filing, it will use the loan to finance Farwaniya hospital's expansion project.The loan …
Company News
15 January 2015 09:11 AM Moody's affirms Burgan Bank A3 long-term local currency deposit rating
Ratings agency Moody's said it has affirmed Kuwait'sBurgan Bank an A3 long-term local currency deposit rating with a stable outlook, benefiting from the four notches of support uplift from its ba1 baseline credit assessment (BCA) reflecting the …
Company News
7 January 2015 10:25 AM Low provisioning costs to boost Kuwait's banks earnings in Q4-EFG
Precautionary provisions will be the main source of downside risk to earnings of Kuwaiti banks for the fourth quarter of 2014, said a specialized economic report compiled by EFG-Hermes.   …
Company News
4 January 2015 09:56 AM Burgan having enough liquidity for acquisitions - Al Ajeel
Majed Al Ajeel, chief executive of Burgan Bank, said the lender’s current vision is to move to a new stage of business development locally and globally as well as acquisition of other banks.In an interview with a Turkish newspaper, Al …
Corporate Actions
22 December 2014 01:26 PM Burgan Bank accounts for 14% of Kuwaiti loans' market share
Kuwait's Burgan Bank loans and deposits grew by 20% and 8.5% year on year in 2015, said Majed Essa AL Adel, the bank's Chairman.The group managed to consistently grow, registering a 13% growth in underlying revenues in 9 months …
Company News
17 December 2014 10:29 AM CI affirms Burgan Bank bond rating
Capital Intelligence (CI), the international credit rating agency, has affirmed the rating for Burgan Bank’s (BB) subordinated bond issued in December 2012 at ‘BBB+’.This rating is set one notch below the bank’s long-term foreign currency …
Company News
9 December 2014 00:08 PM Burgan bank capital boost holds positive outlook-Moody's
Moody's Investors Service said that Burgan Bank , Kuwait's second largest commercial bank by assets, US$50m additional tier1 capital increase will has a positive impact on the bank's rating. The additional capital hike will provide the bank with …
Company News
2 December 2014 02:52 PM Burgan Bank says its rights issue oversubscribed
Burgan Bank, Kuwait’s second largest commercial bank by assets, announced the successful completion of its capital increase through the rights issuance announced earlier.Burgan Bank Shareholders have subscribed in the …
Company News
1 December 2014 03:34 PM Kuwait's Burgan Bank rights issue fully subscribed
Burgan Bank, Kuwait’s second largest commercial bank by Assets, announced that its KWD21.6 million rights issue was fully subscribed said a bourse statement Monday.The lender stated recently it has obtained the regulatory …
Company News
27 November 2014 00:41 PM CI affirms Burgan Bank ratings; maintains positive outlook
Capital Intelligence (CI) has affirmed Burgan Bank's Financial Strength Rating (FSR) of 'BBB', on the basis of the improved asset quality [notwithstanding the increase in non-performing loans (NPLs) in the current year], …
Company News