Kuwait · Financial institution
Burgan Bank K.P.S.C
Legal name in the LEI recordBurgan Bank K.P.S.C.
Burgan Bank K.P.S.C. is a Kuwaiti public shareholding company and conventional bank, founded in 1977 and headquartered in Kuwait City. It is a majority-owned subsidiary of Kuwait Projects Company (Holding) (KIPCO). According to its 2025 annual report, KIPCO holds an effective 61%. The bank provides corporate, retail, private banking, wealth management and treasury services in Kuwait. It heads a group with subsidiaries in Algeria, Bahrain and Tunisia and a presence in Turkey and the UAE. In 2023 it sold 52% of Burgan Bank Turkey to a KIPCO subsidiary and kept management control. In 2025 it acquired 100% of United Gulf Bank in Bahrain, since renamed Burgan Bank Bahrain.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- BRGNKWKWXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under BRGNKWKW directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1988-11-21
- Last updated
- 2024-10-26
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Ticker BURG
Institution type
Commercial bank
Trades as Burgan Bank
- Ownership
- According to the bank's 2025 annual report, KIPCO holds an effective 61%, the Public Institution for Social Security (PIFSS) holds 8% and other shareholders hold 31%.
- Direct parent
- Kuwait Projects Company (Holding) K.S.C.P. (KIPCO) ↗, Kuwait
- Major shareholders
- Kuwait Projects Company (Holding) (KIPCO), effective holding 61% · 31 Dec 2025
Public Institution for Social Security (PIFSS) 8% · 31 Dec 2025 - Stock listing
- Boursa Kuwait BURG
- Head office
- Burgan Tower, Al Sharq, Abdullah Al Ahmed Street, 12170 Kuwait City, Kuwait
- Name in the local language
- بنك برقان ش.م.ك.ع
Business lines
The bank describes its base as corporate banking, with later expansion into retail, private banking and wealth management; its group also includes investment and asset management through Kamco Invest.
Online
- Websites & references
- burgan.com ↗
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗
Sources · 14 pages consulted
- burgan.com/en/aboutus/
- burgan.com/en/executive-management/
- burgan.com/en/board-directors/
- burgan.com/en/corporate-document/
- burgan.com/en/services/contact-us/
- burgan.com/en/solutions/payment-services/
- burgan.com/en/banking/international-operations/
- burgan.com/en/documents/157/BBAnnualReport2025.pdf
- kuwaittimes.com/article/47340/business/burgan-bank-announces-financial-results-for-the-first-half-of-2026
- albawaba.com/business/pr/burgan-bank-announces-its-financial-1634157
- kuwaittimes.com/article/49610/business/kipco-reaffirms-commitment-to-burgan-bank-and-future-growth/
- kuna.net.kw/ArticleDetails.aspx?id=3122389&language=en
- zawya.com/en/press-release/companies-news/burgan-banks-flagship-kanz-returns-lmn7km5q
- en.wikipedia.org/wiki/Burgan_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Antoine Jean Daher
Group Chief Executive Officer
- Chair
-
Sheikh Abdullah Nasser Sabah Al Ahmad Al Sabah
Chairman
- Chief financial officer
-
Khalid Fahed Al Zouman
Group Chief Financial Officer
- Executive
-
Fadel Mahmoud Abdullah
Chief Executive Officer - Kuwait
- Executive
-
Andrew Christopher Singh
Chief Risk Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Kuwait
- Central Bank of Kuwait Central bankPrudential supervisorAML supervisorConduct
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The bank ran a rights issue of up to KWD 50 million, comprising 277,777,777 new shares at 180 fils, closing on 14 September 2026.
kuwaittimes.com ↗ -
Other
The Central Bank of Kuwait and the Capital Markets Authority approved the bank's KWD 50 million rights issue.
albawaba.com ↗ -
Other
The bank resumed draws on its Kanz prize account after a suspension that began in March 2025.
zawya.com ↗ -
Merger / acquisition
The bank completed its acquisition of 100% of United Gulf Bank in Bahrain, which owns Kamco Invest.
burgan.com ↗ -
Merger / acquisition
The bank transferred 52% of Burgan Bank Turkey to Al Rawabi United Holding, a KIPCO subsidiary, and kept management control.
kuna.net.kw ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- BRGNKWKWXXX
- How the BIC breaks down
- BRGNBank
- KWCountry · Kuwait
- KWLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 558600NC81HKXMFSTY52
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Kuwait · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- Kuwait Projects Company (Holding) K.S.C.P. · Kuwait254900NKYL22Y1SJAI75 ↗
The Kuwait Projects Company (Holding) K.S.C.P. group has 5 institutions in the directory, in 4 countries: all hold a BIC.
Including Fimbank P.L.C., Burgan Bank A.S., Burgan Yatirim Menkul Degerler A.S., United Gulf Bank B.S.C. (Closed).
See the Kuwait Projects Company (Holding) K.S.C.P. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- ABDULLAH AL AHMED STREET SAFAT 12170 5389 KUWAIT
- Operational address
- BURGAN TOWER ABDULLA AL AHMAD STREET AL SHARQ KUWAIT 12170 KUWAIT POB 5389, SAFA KUWAIT
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>BRGNKWKWXXX</BICFI>
<LEI>558600NC81HKXMFSTY52</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>BRGNKWKWXXX</BICFI>
<LEI>558600NC81HKXMFSTY52</LEI>
<Nm>BURGAN BANK K.P.S.C</Nm>
<PstlAdr>
<Ctry>KW</Ctry>
<AdrLine>ABDULLAH AL AHMED STREET SAFAT 12170 5389</AdrLine>
</PstlAdr>
</FinInstnId>Swift’s two address fields do not agree on a town, so the full record gives the address as address lines only.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: burgan.com (official website) · original; Antoine Jean Daher: burgan.com (official website) · original; Sheikh Abdullah Nasser Sabah Al Ahmad Al Sabah: burgan.com (official website) · original; Khalid Fahed Al Zouman: burgan.com (official website) · original; Fadel Mahmoud Abdullah: burgan.com (official website) · original; Andrew Christopher Singh: burgan.com (official website) · original.
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