Q&A: Eduardo Eguren, CEO, Burgan Bank

When did Burgan Bank decide to launch its international expansion strategy and why?

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

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