Dec 14 2010 |
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Bank of Baghdad opens branch in Lebanon
“ Bank of Baghdad is a subsidiary of Burgan Bank Group”
Beirut 14 December, 2010: Burgan Bank announced that its subsidiary, Bank of Baghdad , has opened a new branch in Lebanon on Monday 13 December at a gala event in Beirut.
Addressing the gathering at the opening of the branch, Burgan Bank Chairman Majed Essa Al Ajeel said, “It gives me great pleasure to announce the opening of the Bank of Baghdad branch in Beirut. The opening of the branch will cater to the growing needs of our customers based in Lebanon. This branch will offer customers both retail and corporate banking services.”
Commenting on Burgan Bank’s regional expansion strategy, Mr. Al Ajeel said, “Our regional expansion strategy is focused through organic and inorganic growth in countries with strong economic and demographic factors. We have expanded our presence from Kuwait to seven other countries over the last two years.”
-Ends-
Bank of Baghdad was the first licensed bank in Iraq established in 1992. The bank offers retail and corporate banking services through a 36 branch and 34 ATMs network. Bank of Baghdad is listed on the Iraqi Stock Exchange.
Burgan Bank’s key subsidiaries are Jordan Kuwait Bank, Gulf Bank Algeria, Bank of Baghdad and Tunis International Bank.
For Further Information
Aabha Gandhi
Public Relations Account Manager
Memac Ogilvy Public Relations, Kuwait
Office No:+965 22258700
Direct No: +965 22258725
Fax No: +965 22258701
Mobile No: +965 66938820
Email: aabha.gandhi@ogilvy.com
Jayda Al-Farooqi
Senior Public Relations Account Executive
Memac Ogilvy Public Relations, Kuwait
Office: +965 22258719
Mobile: +965 66069529
Fax: +965 22258701
Email: jayda.al-farooqi@ogilvy.com
© Press Release 2010
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