Kuwait: Burgan Bank’s Personal Finance Manager (PFM) tool, available on the Burgan App, is one of the smart solutions designed to offer customers a better full digital banking experience in line with the bank’s strategy of investing in improving their digital platforms. A convenient, comprehensive tool backed by easy-to-use money management features, PFM promotes smarter financial habits by making it easy to manage users’ personal finances and track, organize, and analyze their spending at any time and in any place.
The PFM tool offers a number of features that allow customers to track their spending habits through detailed information that helps them better manage their personal finances. Users can also create custom 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 their financial future.
Commenting on PFM, Mr. Deniz Cengiz, Group Digital Banking Director, said: “By making budgeting and saving easier, the PFM tool enables our customers to be proactive and in control of planning for their future. financial. They can also invest the money they have saved using the PFM by choosing an easy investment option directly through the Burgan app, such as a daily investment account or a deposit account. Clients can also invest their savings by opening a Kanz account to get the highest return on investment and enjoy the flexibility and freedom to manage their saved deposits. In addition, the Kanz account offers the opportunity to enter multiple raffles, including an annual prize draw of KWD 1,500,000, and win great valuable prizes for every KWD 25 deposited into the account.”
He further added: “We always strive to offer the best deals to our customers. We will continue to advance our digital transformation journey as we constantly seek to create new products and services that help meet the short- and long-term financial needs of our customers and ensure an improved overall banking experience.”
The PFM tool is one of the smartest digital solutions that reflects Burgan Bank’s efforts to update its existing digital platforms and continue to implement its strategy to continue providing 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. Since its early days, the Bank has focused significantly on the corporate and financial institution sectors, as well as diversifying its offering to serve its growing retail and private banking client base.
Burgan Bank has majority-owned subsidiaries, known collectively as the “Burgan Bank Group”, in the MENAT region. This group is supported by one of the largest branch networks in the region and includes: Gulf Bank Algeria – AGB (Algeria), Bank of Baghdad – BOB (Iraq and Lebanon), Tunis International Bank – TIB (Tunisia) and the wholly owned bank Burgan Bank Turkey. Additionally, Burgan Bank has a presence in the United Arab Emirates through its corporate office, Burgan Financial Services Limited.
The Bank has continually 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 pioneer in the national market and within the MENA region. Furthermore, the Burgan Bank brand has been built on a foundation of real values – trust, commitment, excellence and progression – that serve as a reminder of the high standards to which the Bank always aspires. Indeed, the Bank’s core philosophy of ‘Driven by You’ is the foundation on which its products and services are continually developed.
The bank achieved ISO/IEC 27001: 2013 Information Security Management Systems (ISMS) certification and was recertified with the prestigious ISO 9001: 2015, making it one of the few banks in the GCC and Kuwait to receive such 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 consecutive years.
Burgan Bank is a majority owned subsidiary of KIPCO (Kuwait Projects Company), one of the largest holding companies in the MENA region.