Kuwait – Burgan Bank has appointed Mr. Fadel Abdullah as Chief Corporate Banking Officer after obtaining the approval of the Central Bank of Kuwait as of March 5, 2019. Mr. Fadel provides strategic direction and leadership to the corporate banking group including corporate operations, cash management, financial analysis, and projects engineering. Mr. Fadel Abdullah will ensure short- and long-term revenue growth and profitability.
Raed Al-Haqhaq, Chief Executive Officer of Burgan Bank -Kuwait said: “I would like to congratulate Mr. Fadel Abdullah on his role as the Chief Corporate Banking Officer. He has served with us for more than two decades and has proven to be an extremely capable leader, and a highly respected figure in our industry. Given his long record of exemplary experience in corporate banking, we are confident he will steer the bank to greater achievements, in line with our strategic vision. I look forward to working with him in this capacity and wish him every success.”
“Leveraging my robust expertise and long experience in the corporate banking division, I will strive to maintain the bank’s position as one of the leading financial groups in the region,” says Mr. Fadel Abdullah. “As a progressive financial institution that thrives on new banking solutions, innovation, and specialized banking services to deliver excellence for our customers, I look forward to raising the bar with the duties entrusted to me.”
Mr. Fadel has extensive experience spanning over 25 years in the banking industry. He joined Burgan Bank in 1998 and has held different leadership positions since. He holds a Bachelor of Science majoring in Mathematics from Kuwait University.
About Burgan Bank
Established in 1977, Burgan Bank is the youngest commercial Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region supported by one of the largest regional branch networks which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon),Tunis International Bank – TIB (Tunisia), and fully owned Burgan Bank – Turkey, (collectively known as the “Burgan Bank Group”). Furthermore, Burgan Bank has a present in the UAE through its corporate office (“Burgan Financial Services Limited) which had helped the bank to participate in multiple financing opportunities in the UAE.
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.
The bank was re-certified with the prestigious ISO 9001:2015, making it the one of the few banks in the GCC and Kuwait to receive such certification for the Fifth consecutive time. The Bank also has to its credit the distinction of being the only Bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award for twelve consecutive years.
Burgan Bank, a subsidiary of KIPCO (Kuwait Projects Company), is a strongly positioned regional Bank in the MENA region.
© Press Release 2019