Burgan Bank recently hosted the 1st Internal Audit Conference for Banking Industry in Kuwait, which took place recently at the Sheraton Kuwait Hotel. The conference included heads of audit departments from local and foreign banks that are members of the Kuwait Banking Association. The event provided a platform for representatives from international audit firms such as Ernst & Young, KPMG, PWC, Deloitte and Protivity to highlight the emerging internal audit trends and best practices. Amr El Kasaby, Burgan Bank's Group Chief Internal Auditor said: "It is important to recognise the significant role an internal audit function plays within an organization. In banks, these units are crucial for operational effectiveness and make major contributions to the working and regulatory relationship between management."
"At Burgan Bank, we believe that a strong internal audit department is part of sound corporate governance. We continue to provide more practical training for our employees as well as our subsidiaries with an aim to constantly enhance our overall performance," added El Kasaby. Burgan Bank continues to demonstrate its leadership by hosting professional conferences, and applying best practice methods across its wide operations, with an aim of ensuring consistent high quality delivery of banking solutions in the region.
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. Earlier this year, 'Brand Finance' -- the international brand valuation company- rated Burgan Bank brand as AA with positive outlook. The rating places Burgan Bank Brand at 2nd amongst the most valuable banking brands in Kuwait.
© Arab Times 2013
