Burgan Bank named ‘Best Domestic Bank in Kuwait’ in Euromoney survey
KUWAIT: In a new tribute to its outstanding performance and its position as a trusted financial partner, Burgan Bank announced that it was voted as the Best Domestic Bank in Kuwait in the 2024 Euromoney Trade Finance Survey.
Fadel Abdullah
A notable global recognition and benchmark to service excellence, Euromoney’s annual survey gathers and analyses thousands of trade-finance service users’ independent votes to rank and assess their top providers within the domestic, regional, and global markets.
Commenting on this prestigious accolade, Fadel Abdullah, Chief Executive Officer (CEO) - Kuwait at Burgan Bank, said: “It is a great honor for us at Burgan to be recognized by Euromoney and voted as the best financial service provided in the banking sector in Kuwait by its network of individuals and company representatives. For many years, customer service has been a core facet of our institutional success, and it remains, to this day, at the forefront of our mission. As we strive to be the most modern and progressive bank in Kuwait, we continue to tailor every detail of our customers’ banking journey to their evolving needs and aspirations, guaranteeing consistently high levels of satisfaction.”
To ensure accurate results and rankings, Euromoney follows a meticulous process in its analysis of the annual Trade Finance Survey, which begins by collecting votes from respondents, who are all users of trade finance services, based on their location, remit, and job function. For the ‘Best in Service’ (CSAT) ranking, the survey analysis applies a 1-5 grading scale, with 1 denoting “poor service” and 5 denoting “very good service”.
Among the aspects of the bank’s service that the survey asks respondents to rate are products, financing, advisory, price and scale, support, and digital offering. The survey also delves into more topics such as market view and the respondents’ evaluation of their company’s performance within the ecosystem it functions.
It serves to note that this accolade comes on the heels of the ‘Quality Recognition Award’ for the year 2023, which Burgan Bank received from JP Morgan Chase, in recognition of its consistently high-quality performance. It also follows numerous awards and recognitions that the Bank received in 2023, including the Great Place to Work certificate, the Brandon Hall Silver Award for Excellence in Learning in the Flow of Work, as well as the GCC Excellence Award in Recruitment and Development of Nationals.
The Euromoney Finance Trade Survey is part of Euromoney’s vast portfolio of trade publications, industry events and insights tools. Euromoney magazine was launched in 1969 to cover the emergence of the international cross-border capital markets. Today, Euromoney is the primary magazine of the wholesale financial world, its institutions and its users, and has been for more than 50 years.
