Burgan Bank promotes smarter financial habits with its personal finance management tool

Kuwait: Burgan Bank’s Personal Finance Manager (PFM) tool, available on Burgan App, is one of the smart solutions designed to provide customers with a better all-round digital banking experience, in line with the Bank’s strategy to invest in the improvement of its digital platforms. A comprehensive and convenient tool supported by user-friendly money management features, the PFM promotes smarter financial habits by making it easier for users to manage their personal finances and track, organize and analyze their spending at any time. and in any place.

The PFM tool offers a host of features that allow customers to track their spending habits with detailed information that helps them better manage their personal finances. Users can also create custom monthly budgets based on categories of their choosing and easily receive a breakdown of their spending in real-time reports through the app. As a result, they will be able to set their own financial goals and better plan their financial future.

Commenting on Public Financial Management, Mr. Deniz Cengiz, Group Director of Digital Banking, said, “By making budgeting and saving easier, the PFM tool empowers our clients to be proactive and in control of planning. of their financial future. They can also invest the money they have saved using the PFM by choosing an investment option easily and 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 best return on investment and enjoy the flexibility and freedom to manage their savings deposits. Moreover, the Kanz account offers the possibility to participate in several draws, including an annual draw of 1,500,000 KD and win great prizes for every 25 KD deposited in the account.

He added: “We always strive to provide the best deals to our customers. We will continue to drive our digital transformation journey forward 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 upgrade its existing digital platforms and continue to implement its strategy to continue providing new solutions and products suitable for 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 inception, the Bank has focused heavily on the corporate and financial institution sectors, in addition to diversifying its offering to meet its growing retail and private banking clientele.

Burgan Bank has majority-owned subsidiaries, collectively known as “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 company Bank Burgan Turkey. Additionally, Burgan Bank has a presence in the United Arab Emirates through its head office, Burgan Financial Services Limited.

The Bank has continuously improved its performance over the years, thanks to a broad revenue structure, diversified funding sources and a solid capital base. The adoption of advanced services and technologies has positioned it as a pioneer in the domestic market and in the MENA region. Moreover, the Burgan Bank brand has been built on a foundation of real values ​​– trust, commitment, excellence and progress – which recall the high standards to which the Bank always aspires. In fact, the Bank’s fundamental philosophy, “Driven by You”, is the basis on which its products and services are continuously developed.

The Bank has obtained the ISO/IEC 27001: 2013 Information Security Management Systems (ISMS) certificate and has been re-certified with the prestigious ISO 9001: 2015 standard, making it one of the few banks from 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.

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