Q&A: Eduardo Eguren, CEO, Burgan Bank

Dominic Dudley
Published on:

Eduardo Eguren, CEO, Burgan Bank
When did Burgan Bank decide to launch its international expansion strategy and why?

In 2008 we set out on a growth strategy to build up our international capabilities and footprint, in the process helping to diversify our revenue streams and risks. The expansion started with the acquisition of controlling stakes in Jordan Kuwait Bank, Gulf Bank Algeria, Bank of Baghdad and Tunis International Bank.

After those four banks had been integrated into the group, the strategy continued with the acquisition of Turkey’s Eurobank Tekfen (now operating under the name Burgan Bank Turkey) in 2012. This year we acquired, alongside our sister company United Gulf Bank, a controlling stake in FIM bank in Malta.

What was the rationale for your...