Burgan Bank Group, the regional commercial bank and the second largest commercial bank by Assets in Kuwait where it is headquartered, announced that the appointment of Mr. Faisal Al Haimus, as the Chief Executive officer to Bank of Baghdad - a Burgan Bank Group’s Subsidiary in Iraq is a step among many that have been undertaken to build Iraq’s best in class commercial bank that is present in the 18 governorates in Iraq.
The appointment follows the strategic direction that has been taken by the Group to transform the operations to follow the best-in-class model applied throughout group members. Bank of Baghdad, is considered one of the best privately owned banks in Iraq and provides an efficient doorway to international businesses to the vastly growing opportunities in the complex operating environment of Iraq.
Bank of Baghdad is a member of Burgan Bank Group that is present in 7 countries across the region (Kuwait, Turkey, Jordan, Algeria, Iraq, Tunis, Lebanon with a branch network of more than 233 branches).
On this appointment, Mr. Eduardo Eguren, Group Chief Executive Officer of Burgan Bank Group said: “We are delighted to the announcement of Mr. Al Haimus’s as CEO of Bank of Baghdad, We are a firm believer in the potential that Iraq’s economy presents despite the security situation and in Bank of Baghdad’s capabilities in offering a competitive edge in the Iraqi market for both corporations and individuals.”
Mr. Al Haimus’s commented on his appointment: “Bank of Baghdad has the right foundation and market share to build on to be the best in class commercial bank in Iraq. Being a member of Burgan Bank Group, Bank of Baghdad benefits from the vast footprint that the group enjoys. Our clients both local and international will benefit from this reach and access to the growing economies of Turkey, GCC through Kuwait, Jordan, Algeria, Tunis and Lebanon.”
Prior to joining Bank of Baghdad, Mr. Al Haimus served as the head of Wholesale Bank – Iraq for Standard Chartered Bank managing the origination and driving the penetration to the rapidly growing Iraqi market as well as engaging with relevant stakeholders to establish presence for Standard Chartered in Iraq.