(MENAFN - Arab Times) Keeping in line with the bank's continuous contributions of adhering to and applying the highest measures of quality control across its operations, Burgan Bank announced that is has recently won the prestigious "International Diamond Star For Quality" award from Business Directions, a world- wide renowned organization that recognizes international businesses as well as companies that implement and promote a strong quality culture. Burgan Bank's successful achievement in receiving this award for the third time further adds to its string of accolades, and is a clear indication of its constant perusal of embracing international quality standards. This step further marks its solid position across the banking sector; especially since the Platinum award was received earlier in 2011 preceded by the Gold award in 2008.
The Diamond award highlights the bank's continuous commitment towards providing optimal levels of quality control, as well as to apply global best practice methods in an effort to ensure the delivery of a well trusted banking service. Burgan Bank's success was announced during the International Star For Quality Convention, which took place in London, United Kingdom. Adrian Gostuski, Group Chief Operations Officer at Burgan Bank said: "We are proud to have won the "International Diamond Star For Quality" award from Business Initiative Directions. Achieving a higher recognition each time demonstrates the banks growing commitment towards superior quality and excellence through the adoption of international quality standards across its operations."
Established in 1977, Burgan Bank is the youngest commercial Bank and third 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 five majority owned subsidiaries, which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon), Jordan Kuwait Bank - JKB (Jordan) Tunis International Bank - TIB (Tunisia), and fully owned Burgan Bank - Turkey, (collectively known as the "Burgan Bank Group"). 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 oa 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. Excellence is one of the Bank's four key values and Burgan Bank continually strives to maintain the highest standards in the industry. The Bank was re-certified in 2010 with the ISO 9001:2008 certification in all its banking businesses, making it the first bank in the GCC, and the only bank in Kuwait to receive such accreditation. 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 won the prestigious "Banking Web Awards" prize in the commercial and corporate Category for Kuwait. In 2010 Burgan Bank was awarded with the "Best Internet Banking Service award" from Banker Middle East Awards.
urgan Bank was recognized in 2011 as Kuwait's "Best Private Bank", by World Finance. The bank also won, in 2011, the coveted "International Platinum Star for Quality" award from Business Initiative Directions, and "The Best Technical Award" from Banking Web Awards. In 2012, Global Banking and Finance Review online magazine recognized Burgan Bank as the "Best Banking Group in the MENA" as well as the "Best Corporate Bank in Kuwait".
The bank also won the coveted "Best Bank Branding" award by the Banker Middle East. For the second consecutive year in 2012, Burgan Bank also won World Finance's "Best Private Bank" award, as well as the "Best Private Bank in Kuwait"in 2012 and 2013 from Capital Finance International. The bank also won the "Best Bank in Kuwait" award from EMEA Finance, along with the "Deal of the Year" award from Acquisition International. In 2013, Burgan Bank Group was named "MENA - Bank of the Year" by Acquisition Finance Magazine. The bank also won the coveted "Best Domestic Retail Bank of the Year" award from the Asian Banking and Finance Magazine. Moreover, Burgan Bank also picked up the Best Employee Development in GCC' award from World Finance. Burgan Bank, a subsidiary of KIPCO (Kuwait Projects Company), is a strongly positioned regional Bank in the MENA region.