In extension to its comprehensive digital transformation efforts

Kuwait, 15 May 2023: Burgan Bank announced that all customers can now open its signature saving and draw account, Kanz, in just less than a minute using the Burgan Bank Mobile application. This comes as part of the Bank’s comprehensive digital transformation strategy, which aims to facilitate and enhance the customers’ banking experience using Burgan’s suite of digital products and services available on Burgan Online.

Designed as a dual saving and draw account, Kanz promises Burgan customers higher chances of winning the account’s periodical draws the more that they save. The draw prizes range between KD 2,000 for monthly draws, KD 500,000 for semi-annual draws, and KD 1,500,000 for the annual draw. This innovative account is designed to enable customers to grow their financial portfolio and build a solid financial foundation for their future and their families.

Commenting on the Burgan Mobile account opening feature, Mr. Deniz Devrim Cengiz, Group Chief Digital Banking Officer at Burgan Bank, said: “Advanced technologies and smart digital solutions are no longer the next great frontier – instead, they continue to define our everyday reality and the quality of life we are able to lead. That’s why we spare no effort in coming up with digital products and services that aim to enable our customers to fulfill their banking needs wherever they are and whenever convenient for them. Being able to open a Kanz account in less than a minute is but a drop in the sea of digital solutions that customers can enjoy on Burgan Online.”
Complementing Mr. Deniz words, Mr. Naser Al Qaisi, Chief of Retail Banking at Burgan Bank, said: “Customers’ needs are ever-changing, but some staple needs remain the same – such as the need for financial stability and security, and a saving scheme that enables customers to keep up with the growing daily demands. At Burgan Bank, we tailor our solutions and innovations to our customers’ staple and changing needs, ensuring higher trust, confidence, and fulfillment.”

Kanz Account is an innovative solution that empowers parents to invest in their children’s financial future. By opening a Kanz Account, parents can encourage their children to save money while also giving them the opportunity to win one of the rewards. It is designed to help children develop the habit of saving from an early age and cultivate a sense of responsibility towards money. With Kanz Account, parents can rest assured that they are taking the first step towards securing their child’s financial future. 

In addition to the Kanz account, Burgan offers a range of accounts that aid customers in their pursuits, such as the Al Rateb Salary Account, Qmiles Qatar Airways Credit Cards, and many other products that customers can financially benefit from. 

As a trusted financial partner, Burgan Bank remains committed to providing its customers with innovative and enabling financial solutions that help them fulfill their needs and aspirations. This comes as part of the Bank’s social responsibility goal of raising its community’s financial literacy and awareness through Personal Finance Management (PFM) tools and consultancy.