Latest news with #CommercialBank
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
CB issues three-year bonds worth QR500 mnsuccessfully
QNA Doha Commercial Bank, a Qatari public shareholding company, successfully issued a 3-year tenor, QR500 million senior-unsecured bonds with a coupon of 4.9 percent. In a statement published on the Qatar Stock Exchange (QSE) website on Thursday, the bank noted that the bonds were issued under its EMTN program and are listed on the Euronext Dublin. The bank said that the successful completion of this transaction underscores the robustness of the Qatari economy and Commercial Bank's strong credit fundamentals and reaffirms the bank's standing as a leading financial institution in the region with a strong presence in the domestic and international capital markets. DBS Bank and Standard Chartered Bank acted as the joint lead managers for the issuances, according to the statement. Commercial Bank Group CEO Joseph Abraham said, 'This initiative reaffirms Commercial Bank's leadership in bringing new instruments to our local and international institutional and retailinvestor bases.' 'The strong investor response reaffirms the confidence in the bank and the State of Qatar and credit ratings reflect our proactivity in risk management and robust liquidity; both of which are integral to executing our corporate strategic vision,' he added. The proceeds from the bonds will support the bank's funding diversification strategy and long-term growthobjectives.
Zawya
2 days ago
- Business
- Zawya
Qatar's Commercial Bank issues 3-year bonds at 4.9%
Qatar-based Commercial Bank, rated A2 by Moody's, A- by S&P and A by Fitch with stable outlook, issued 3-year, 500-million-riyal ($137 million) bonds with a coupon of 4.90%. The senior, unsecured bonds were issued under the bank's $5 billion Euro Medium Term Note (EMTN) programme and are listed on the Euronext Dublin. DBS Bank and Standard Chartered Bank acted as the joint lead managers to the issuances. (Writing by Brinda Darasha; editing by Seban Scaria)
Business Wire
3 days ago
- Business
- Business Wire
Fifth Third Announces Leadership Changes
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB) today announced several executive leadership changes, reflecting the Bank's continued focus on growth, innovation and talent development. Susan Zaunbrecher, who has led Fifth Third's Legal, Government Affairs and Regulatory Affairs departments and the Office of the Corporate Secretary since 2018, will retire. Christian Gonzalez will join Fifth Third as executive vice president, chief legal officer, to succeed her, effective July 7. Gonzalez will join Fifth Third's Enterprise management team, the Bank's senior-most governing body. Gonzalez brings extensive experience across corporate, banking, and securities law, as well as mergers and acquisitions, venture capital, capital markets, regulatory compliance and corporate governance. He joins Fifth Third after 15 years at Dinsmore & Shohl LLP, where he most recently served as an executive board member and corporate department chair. 'Susan's foresight, judgment and commitment to excellence have made us a stronger and more resilient company,' said Tim Spence, chairman, CEO and president of Fifth Third. 'I'm also thrilled to welcome Christian to Fifth Third. His deep legal expertise and proven track record advising institutions of all sizes, from community banks to multibillion-dollar organizations, will be invaluable as we continue to grow and navigate an increasingly dynamic regulatory environment.' Kevin Lavender, currently head of the Commercial Bank, will become vice chair of the Commercial Bank. Kevin Khanna, currently head of corporate & investment banking, will become head of the Commercial Bank. Lavender will remain as a member of the Enterprise team, and Khanna and Bridgit Chayt, head of commercial payments, will join it. "These appointments demonstrate the deep bench of talent across our Commercial Banking organization,' said Spence. 'Under Kevin Lavender's leadership, we have continued to expand our reach and delivery of a broad array of innovative client solutions. Kevin Khanna and Bridgit Chayt have been key leaders at Fifth Third for many years now, and their impact, guided by Kevin Lavender's direction and mentorship, will shape the future of how we serve our clients and drive sustainable growth for our shareholders.' About Fifth Third Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at
Zawya
3 days ago
- Business
- Zawya
Qatar Stock Exchange index soars to new heights amid regional tensions
Doha, Qatar: Qatar's Stock Exchange (QCE) closed today June 24, 2025 at 10,531.87 points, marking a significant increase of 199.05 points or 1.93% from the previous session, despite recent regional security tensions. This positive trend persists since yesterday, highlighting the resilient of Qatar's financial market. The index continues to surge positively following yesterday's trend, with the market recording a trading volume of 3,242,185 shares, valued at QR688mn. In this session, the shares of 50 companies rose, while only those of 5 companies decreased. The banking sector emerged as a key driver, with Qatar Islamic Bank gaining 2.80% and Commercial Bank of Qatar rising by 2.08%. Al Rayan Bank rose by 2.17%, while Dukhan Bank rose by 1.89%. However, Ahli Bank saw a slight decline of 0.41%, indicating some variability within the sector. The insurance sector also performed well, with Alkhaleej Takaful gaining 2.31%, Qatar Insurance gaining 2.13%, and Doha Insurance Group increasing by 2.21%. Conversely, General Insurance experienced a drop of 2.28%, marking it as the biggest loser in this session. The industrial sector showed steady growth, with Industries Qatar up by 1.07%, Qatar National Cement Company rising by 1.71%, and Qatar Industrial Manufacturing Company increasing by 0.08%. The telecommunications sector also saw gains, with Ooredoo rising by 3.64%, and Vodafone Qatar (VFQS) increasing by 1.29%. The services sector recorded notable increases, with Qatar Gas Transport Company (Nakilat) up by 3.60%, Salam International rising by 3.71%, and United Development Company (UDCD) gaining 1.20%. The real estate sector on the other hand showed promising results, with Mazaya (MRDS) up by 3.85%, Ezdan Holding (ERES) increasing by 5.17%, and Inma Holding (IHGS) gaining 4.68%. Meeza QSTP (MEZA) and Al Mahhar (MHAR) also rose by 1.14% and 3.06%, respectively. Top gainers in today's trade are Widam (WDAM) at 7.52%, Qatar German Co. Med (QGMD) at 6.62%, Lesha Bank (QFC) at 5.85%, Ezdan Holding (ERES) at 5.17%, Inma (IHGS) at 4.68%, Mannai Corp (MCCS) at 4.62%, and National Leasing (NLCS) at 4.17%. Moderate gains were recorded also for Al Mahhar (MHAR) at 3.91%, Salam International (SIIS) at 3.71%, Qatar Oman (QOIS) at 3.69%, Ooredoo (ORDS) at 3.64%, Nakilat (QGTS) at 3.60%, and Faleh (FALH) at 3.06%. On the other hand, the biggest losers for this session are General Insurance (QGRI) closing at -2.28%, Islamic Insurance (QISI) at -0.82%, Al Ahli Bank (ABQK), Al Meera (MERS), both closing at -0.41% respectively, while Cinema (QCFS) closing at -0.04%. Nevertheless, the overall investor confidence in the market remains strong, with the index's upward trajectory reflecting optimism about Qatar's economic stability. The year-to-date decline of 0.37% suggests some volatility, but the current session's performance indicates robust activity. QSE's current performance reinforces its status as a stable investment hub amidst geopolitical uncertainties. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Qatar Tribune
4 days ago
- Business
- Qatar Tribune
CB, QDB host workshop to empower Qatari exporters
Tribune News Network Doha In a significant move to bolster the global footprint of Qatari businesses, Commercial Bank, a pioneer in digital and financial innovation, joined hands with Qatar Development Bank (QDB), through its export arm Qatar Exports, to host an exclusive workshop titled 'Contract Financing Workshop.' Held at Commercial Bank Plaza, the event brought together financial experts, exporters, and contractors to delve into the scope and opportunities presented by the Bank's overseas contract financing programme. The workshop aimed to provide in-depth insights into how QDB's export-focused solutions and alternative financing channels can support Qatari contractors in participating in international projects, especially in infrastructure and development sectors. The sessions covered the strategic value of credit insurance, guarantee schemes, and customized financial products designed to de-risk cross-border operations and facilitate smoother access to foreign markets. Representatives from both institutions shed light on the evolving needs of Qatari exporters and how public-private partnerships are crucial in empowering local enterprises to compete on a global stage. The discussions highlighted a shared vision: to ensure that Qatari companies, especially those in non-hydrocarbon sectors, have the tools, knowledge, and financial backing to succeed internationally. Qatar Exports, established by QDB, serves as Qatar's official Export Development and Promotion Agency, dedicated to helping Qatari businesses expand internationally in line with the goals outlined in Qatar National Vision 2030. It provides a wide array of services such as export readiness programmes, international trade missions, guarantee and financing programmes, matchmaking events, market intelligence, and credit insurance. These tools are designed to make Qatari products and services more competitive abroad, especially in emerging and underserved markets. Highlighting the importance of the initiative, Commercial Bank reaffirmed its strong commitment to national development and economic diversification. The Bank described the overseas contract financing programme as a catalyst for driving industrial growth, enhancing cash flow management for large-scale overseas projects, and promoting international partnerships. Commercial Bank Executive General Manager and Chief Wholesale and International Banking Officer Fahad Badar emphasised the importance of collaboration in realising Qatar's export potential. He said, 'At Commercial Bank, we are committed to empowering individuals and enterprises to achieve their professional and financial ambitions. This workshop, organised in collaboration with Qatar Development Bank, aligns with our strategic objective to support Qatari contractors in venturing into international markets. 'The contract financing programme presents a timely and secure opportunity for these contractors to expand their global footprint, supported by our expert financial solutions. Our partnership with QDB is a testament to our shared goal of enabling the growth and success of Qatari businesses.' QDB Vice President of Enterprise Development and Executive Director of Qatar Exports Khalid Abdullah Al Mana echoed similar sentiments while stressing the importance of accessible and targeted support for exporters. He said, 'At Qatar Exports, we are fully committed to providing comprehensive and tailored support to local exporters. Our mission is to ensure that Qatari businesses benefit from the full spectrum of resources and initiatives offered by QDB. 'Hosting such workshops in partnership with leading financial institutions like Commercial Bank allows us to increase awareness and accessibility of key programmes—especially the overseas contract financing programme, which is designed to meet the needs of all Qatari exporters. This initiative plays an essential role in achieving Qatar's vision of building a diversified and export-oriented economy.' The workshop concluded with a Q&A session, providing attendees with an opportunity to explore real-world applications of the financing programme and how it could be leveraged to fuel their international ambitions. By facilitating dialogue between financial institutions, development agencies, and the private sector, the workshop marked a pivotal step in creating a sustainable ecosystem for Qatari exporters. It also underscored the vital role of knowledge-sharing and capacity-building in helping Qatar transition toward a knowledge-based and globally connected economy.
