Burgan Bank SAKP (BURG.KW)
13 Dec 2017
* OBTAINS C.BANK APPROVAL TO EXERCISE OPTION FOR EARLY RECALL OF REMAINING BALANCE OF LOWER TIER 2 BONDS WORTH 100 MILLION DINARS ISSUED IN DEC 27, 2012
DUBAI, Nov 5 Kuwait's Burgan Bank, the country's third largest lender by assets, is in early discussions with banks for the refinancing of a $350 million loan due in December, sources familiar with the matter said on Sunday.
* NINE-MONTH NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 53.9 MILLION DINARS VERSUS 48.6 MILLION DINARS YEAR AGO
(The following statement was released by the rating agency) LONDON, October 16 (Fitch) Fitch Ratings has affirmed Kuwait-based Burgan Bank's (BB) Long-Term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. The bank's Viability Rating (VR) has also been affirmed at 'bb'. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS IDRs, SUPPORT RATING, SUPPORT RATING FLOOR BB's IDRs are support-driven. The Support Rating (SR) and Support Rating Floor (
* H1 net profit attributable to shareholders 38.9 million dinars versus 31.4 million dinars year ago
* Says total exposure to Qatar is 66.7 million dinars representing 0.9 percent of bank's total assets