Burgan Bank promotes smarter financial habits through its Personal Finance Manager Tool

Kuwait: Burgan Bank’s Personal Finance Manager tool (PFM), available on Burgan App, is one of

Kuwait: Burgan Bank’s Personal Finance Manager tool (PFM), available on Burgan App, is one of the smart solutions designed to offer customers a better well-rounded digital banking experience in line with the Bank’s strategy to invest in elevating its digital platforms. A practical comprehensive tool supported by user-friendly money management features, the PFM promotes smarter financial habits by facilitating the management of users’ personal finances and the tracking, organization and analysis of their expenditures anytime and anywhere.

The PFM tool offers a host of features that enable customers to keep track of their spending habits through detailed insights that help them better manage their personal finances. Users can also create customized monthly budgets based on the categories of their choice and easily receive a breakdown of their spending in real-time reports through the App. Therefore, they will be able to set their own financial goals and better plan for their financial future.

Commenting on PFM, Mr. Deniz Cengiz, Group Chief  Digital Banking Officer said “By facilitating budgeting and saving, the PFM tool enables our customers to be proactive and in control of planning their financial future. They can also invest the money they have saved using the PFM by choosing an investment option easily and directly through Burgan App, like a daily investment account or a deposit account. Customers can also invest their savings by opening a Kanz account to have the highest return on investment and enjoy the flexibility and freedom to handle their saved deposits. In addition, Kanz account offers the chance to enter multiple draws including an annual 1,500,000 KD annual prize draw and win great valuable prizes for every KD 25 deposited in the account.”

He further added “We always strive to provide the best offers to our customers. We will continue to push towards advancing our digital transformation journey, as we constantly seek to create new products and services that help fulfill our customers’ short and long-term financial needs and guarantee an enhanced overall banking experience.”

The PFM tool is one of the smartest digital solutions that reflect Burgan Bank’s endeavors to upgrade its existing digital platforms and to pursue the implementation of its strategy to keep delivering new solutions and products tailored to meet the needs of all customer segments and help them invest for a better future.

About Burgan Bank

Established in 1977, Burgan Bank is currently the third largest bank by assets in Kuwait. From its earliest days, the Bank has significantly focused on the corporate and financial institution sectors, in addition to diversifying its offering to cater to its growing retail and private banking customer base.

Burgan Bank has majority-owned subsidiaries, collectively known as the “Burgan Bank Group”,  in the MENAT region. This Group is supported by one of the largest branch networks across the region and includes: Gulf Bank Algeria – AGB (Algeria), Bank of Baghdad – BOB (Iraq & Lebanon), Tunis International Bank – TIB (Tunisia), and the fully owned Burgan Bank Turkey. Furthermore, Burgan Bank has a presence in the UAE through its corporate office, Burgan Financial Services Limited.

The Bank has continuously improved its performance over the years, through an expanded revenue structure, diversified funding sources, and a strong capital base. The adoption of state-of-the-art services and technology has positioned it as a trendsetter in the domestic market and within the MENA region. Moreover, Burgan Bank’s brand has been built on a foundation of real values – trust, commitment, excellence, and progression – which serve as a reminder of the high standards to which the Bank always aspires. In fact, the Bank’s core philosophy of ‘Driven by You’ is the foundation on which its products and services are continuously developed.

The Bank obtained the ISO/IEC 27001: 2013 Information Security Management Systems certificate (ISMS) and was re-certified with the prestigious ISO 9001:2015, making it the one of the few banks in the GCC and  Kuwait to receive such a certification for five consecutive times. The Bank also has the distinction of being the only Bank in Kuwait to have  won the JP Morgan Chase Quality Recognition Award for twenty consecutives years.

Burgan Bank is a majority owned subsidiary of KIPCO (Kuwait Projects Company), one of the largest holding companies in the MENA region.

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