The IIF meeting aims at bringing together more than 700 delegates representing member banks and other institutions from around the world. It is the world's only global association of financial institutions that was created in 1983 in response to the international debt crisis. Members include most of the world's largest commercial banks and investment banks, as well as a growing number of insurance companies and investment management firms. Today the Institute has more than 320 members headquartered in more than 60 countries.

Burgan Bank, which is an affiliate of the holding company KIPCO (Kuwait Projects Company), will also be hosting a reception during the IMF / World Bank meetings along with KIPCO's group banks, which takes place on the 18th of September 2006. Mr. Faisal Al Ayyar, the Chief Executive Officer and Managing Director of KIPCO will be attending the event as the key host.

Also attending the conference from Burgan Bank are Mr. Jonathan Lyon, Chief Executive Officer and Mr. Ziad Sarawan, Senior General Manager, Treasury & Investment Banking. According to Mr. Lyon, the event will provide attendees with the opportunity to network in a global environment and establish economic developmental strategies and policies.

The Annual Meetings of the Boards of Governors of the IMF and World Bank Group are the largest and most comprehensive gathering of global financial representatives in the world. The meetings usually attract more than 10,000 participants each year, ranging from financial dignitaries to members of the press.

Burgan Bank is the youngest commercial bank in the State of Kuwait. It has acquired a leading role in the retail, corporate and investment banking sector through its innovative product offers and technologically advanced delivery channels. Burgan Bank has continuously improved its performance over the years by applying an expanded revenue structure, good asset quality, diversified funding sources and a strong capital base. The adoption of state-of-the-art services and ground-breaking technology has positioned the bank as a trendsetter in the domestic market. Driven by challenge, Burgan Bank is actively working towards raising banking standards in the State of Kuwait.

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