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Burgan Bank Anonim Sirketi (Turkey)

Main Activities: Commercial Banking
Full name: Burgan Bank Anonim Sirketi Profile Updated: July 28, 2020
Buy our report for this company USD 29.95 Most recent financial data: 2019 Available in: English & Turkish Download a sample report

The bank was founded in 1989 as part of Tekfen Group and started operating in the areas of corporate and investment banking through a single branch for more than a decade. In 2001, acquiring Bank Ekspres, the bank added commercial banking to its services. In 2006 the bank's name was changed to Eurobank Tekfen as a result of partnership agreement between Tekfen Group and Eurobank EFG. In 2012 the Kuwait-based financial services group Burgan Bank Group, consisting of Algeria (Gulf Bank Algeria), Iraq (Bank of Baghdad), Jordan (Jordan Kuwait Bank), and Tunisia (Tunis International Bank) became the bank's majority shareholder and the name of the bank was changed to Burgan Bank. Nowadays Burgan Bank, through Its 60 branches in Turkey continues to offer various banking products and services.

Headquarters
Maslak Mah. Eski Buyukdere Cad. No:13 Pk: Sariyer Turkiye
Istanbul; Marmara; Postal Code: 34485

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Website: https://www.burgan.com.tr

Basic Information
Total Employees:
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Incorporation Date:
February 13, 1992
Key Executives
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Chairman
Ownership Details
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99.4%
Subsidiaries
Burgan Finansal Kiralama A.S.
99.99%
Burgan Portfoy Yonetimi A.S.
99.99%
Company Performance
Financial values in the chart are available after Burgan Bank Anonim Sirketi report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency TRY. Absolute financial data is included in the purchased report.
Net interest income
4.11%
Net fee and commission income
35.6%
Operating profit (EBIT)
-41.29%
Net Profit (Loss) for the Period
-14.35%
Total assets
-3.52%
Total equity
2.31%
Cost to Income Ratio
-42.97%
Loans to Deposits Ratio
-25.11%
Loans to Asset Ratio
-1.6%

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