Burgan Bank Wins Three Global Private Banker MEA Awards

Kuwait, 27 October 2024

Following a year of all-around dedicated development of its Private Banking offering, Burgan Bank announced receiving three accolades at the Global Private Banker MEA Awards 2024 – a testament to the Bank’s unwavering commitment to excellence and developing competitive products and services, and to its mission to lead with innovation and deliver a differentiated customer experience.

Regarded as the world’s most authoritative and transparently judged private wealth awards, the Global Private Banker MEA Awards adopts a rigorous judgment process, which takes into consideration the qualitative and quantitative evaluation of nominees in several criteria, including Innovation, Client Experience and Engagement, Financial and Business Performance, and Strategy – with a focus on ESG integration, digital capabilities, and scalable customizations.

On its mission to offer its high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients an next-level banking experience, Burgan Bank has exerted relentless efforts to expand its network of Private Banking-serving branches, partner with market-leading service providers on redefining luxury banking, and broaden the scope of services it offers by acquiring the latest necessary certificates.

Setting a Regional Example

Nominated amongst an elite group of the Middle East and Africa’s (MEA) top-tier private banks, family offices, and wealth managers, Burgan Bank received the “Best Private Bank for Credit” award, the “Best Private Bank for Fixed Income Securities” award, and the “Best Private Bank for High-Net-Worth (HNW) Clients” award.

The Bank received the “Best Private Bank for Credit” award for successfully providing clients with financing products at competitive rates and customizing them to meet clients’ financial goals. In addition, the Bank was recognized for achieving and surpassing its key performance indicators (KPIs) with a notable loan portfolio expansion since January 2024. This is owed to Burgan’s new lending program, which facilitates faster loan disbursement.

Meanwhile, Burgan Bank was awarded the “Best Private Bank for Fixed Income Securities” award based on its unparalleled access to fixed-income securities and its opportunity to invest in a diverse range of local and international bonds and sukuk, covering the full spectrum of risk ratings. This is complemented by the enhanced liquidity presented to clients via secondary market offerings.

Lastly, Burgan Bank’s unparalleled service customization to suit clients’ banking and investment requirements was the core factor for winning the “Best Private Bank for HNW Clients” award. To guarantee a convenient banking experience, the Bank gives its Private Banking clients access to various booking centers in Dubai International Financial Center (DIFC), the UK, and Saudi Arabia. Furthermore, the Bank continues to provide clients with top-tier investment products, leading to an outstanding increase in assets under management since January 2024.

Committed to Excellence

Earlier this year, Burgan Bank acquired a range of licenses from the Capital Markets Authority (CMA), including custodian, investment advisory, portfolio management, and unregistered securities brokerage licenses, further reinforcing its commitment to serving its esteemed clients and fulfilling financial, banking, and investment aspirations. In addition, the Bank continues to enroll its dedicated CMA-registered advisors and relationship managers in constant rigorous training, guaranteeing that they are equipped with comprehensive knowledge of investment approaches and business tactics to efficiently guide and advise HNW and UHNW clients as suited to their individual portfolios, liquidity requirements, and capacities for risk.