Latest news with #JosephAbraham
Qatar Tribune
4 days ago
- Business
- Qatar Tribune
Commercial Bank successfully issues QR 500 mn bonds
TRIBUNE NEWS NETWORK doha The Commercial Bank P.S.Q.C., rated A2 by Moody's, A- by S&P and A by Fitch with stable outlook, successfully issued a 3-year tenor, QAR 500 million Senior-Unsecured Bonds with a coupon of 4.90%. The Bonds were issued under its EMTN programme and are listed on the Euronext Dublin. The successful completion of this transaction underscores the robustness of the Qatari economy and CBQ's strong credit fundamentals. The issuance is the largest local currency bond issuance to date by a Financial Institution in Qatar, reaffirming CBQ's standing as a leading financial institution in the region with strong presence in the domestic and international capital markets. DBS Bank and Standard Chartered Bank acted as the Joint Lead Managers to the issuances. Joseph Abraham, Group Chief Executive Officer of Commercial Bank said: 'This initiative reaffirms Commercial Bank's leadership in bringing new instruments to our local and international institutional and retail investor 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.'
Qatar Tribune
6 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.
New Indian Express
23-06-2025
- Health
- New Indian Express
Kerala doctor wins gold at World Medical Games
KOCHI: When Dr Alwin, an associate professor of community medicine, started fitness training in sprinting, he had no idea his disciplined regimen would one day help him win not one but two gold medals for his country. Currently serving in Idukki Government Medical College (GMC), Alwin bagged the medals for India at the World Medical Games held in Spain recently. The resident of Alappad in Thrissur was the only Keralite to represent the country at the event. Dr Alwin discovered the thrill of sprinting as a schoolboy. 'My tryst with sports began in school. While studying MBBS, I represented my college, Ernakulam Government Medical College, and the university in athletics. However, like many others, the demands of medicine soon became a priority and sports took a back seat,' said Dr Alwin, adding that his family supported him and motivated him to follow the passion. Later, his students at the Ernakulam and Idukki GMCs, as well as officials of the Cochin chapter of Indian Medical Association, encouraged him to focus more on training. 'I trained under Asian Games gold medallist and Arjuna awardee Joseph Abraham. I won silver medals at the IMA national sports meets in Vijayawada and Aurangabad and a gold at the MAC Open National Masters Athletics Championships. These experiences helped me perform well at the World Medical Games,' he said. Besides Dr Alwin, a team from the Indian Army also won a medal at event in Spain. On World Medical Games, Dr Alwin said he had never participated in such an event before. 'At the event, healthcare professionals of various age groups from over 50 countries are bound together by a passion for sports rather than nationality. Winning gold for India in the 100m and 200m sprint events, especially when competing against the amazing French, Mexican, and Algerian finalists, was an emotional moment,' said Dr Alwin, adding that the highlight, however, were everlasting friendships forged at the event.
Qatar Tribune
17-06-2025
- Business
- Qatar Tribune
Fitch affirms Commercial Bank's rating at ‘A' with stable outlook
Tribune News Network Doha In a significant vote of confidence, Fitch Ratings has affirmed Commercial Bank's long-term issuer default rating (IDR) at 'A' with a stable outlook, reinforcing the bank's position as one of Qatar's most resilient and well-managed financial institutions. The agency has also affirmed the bank's viability rating (VR) at 'bb+'. The rating reflects the potential support Commercial Bank could receive from the Qatari authorities, as evidenced by its government support rating of 'a'. The stable outlook aligns with that of the Qatari sovereign rating (AA/stable), further affirming the strength of the country's financial system. According to Fitch, Commercial Bank's rating is underpinned by a stable domestic operating environment, a strong and established domestic franchise, and steadily improving profitability. Commenting on the reaffirmation, Commercial Bank Group Chief Executive Officer Joseph Abraham said, 'We are pleased with the reaffirmation of our rating and stable outlook, which reflect our strong execution of our strategic focus, robust franchise, and resilience.' With Fitch's endorsement in place, Commercial Bank continues to enjoy strong credit ratings across major global rating agencies. The bank is rated A2 by Moody's and A- by Standard & Poor's, both carrying a stable outlook—highlighting consistent recognition of the bank's financial strength and strategic direction.
Qatar Tribune
15-06-2025
- Business
- Qatar Tribune
CB awarded with best mobile banking app by International Finance
Tribune News Network Doha Commercial Bank (CB), a leader in innovative digital financial solutions, has been recognised with 'Best Mobile Banking App – Qatar 2025' from the prestigious awarding body, International Finance. Innovation is the foundation of Commercial Bank's strategy; it is the driving force behind every new product, every advanced financial solution, and every initiative it takes. As the bank moves forward, it remains focused on 'community', 'sustainability', and 'innovation', considering them guiding principles that empower it to foster a culture of creativity and adaptability. Adopting this mindset has enabled Commercial Bank to take on obstacles that have, and will, arise, specifically when navigating the complexities of a continuously evolving market and facing the rising needs in sustainable practices. The CBQ Mobile App is a standout example of the bank's core values like innovation, accessibility, and a strong focus on user experience. With more than 150 services and over 4.5 million logins per month, the app exemplifies the Bank's commitment to delivering seamless, secure, and customer-centric digital banking experiences. Commenting on this achievement, Commercial Bank Group CEO Joseph Abraham said, 'Being recognised with Best Mobile Banking App by International Finance is a proud achievement for Commercial Bank. It reflects the success of our continued investment in technology and customer experience. As a key player in the banking sector in Qatar, we are committed to offering market-first services while setting new industry standards and supporting the goals of Qatar National Vision 2030.' EGM and Head of Retail Banking of Commercial Bank Shahnawaz Rashid said, 'This accolade highlights the creativity and dedication of our teams who continue to redefine what's possible in Qatar's digital landscape. At Commercial Bank, we design experiences centered on our customers' evolving needs, delivering smart, secure, and reliable solutions that support their financial goals. This recognition complements the many other awards our digital platform has won — and continues to win — as a testament to our commitment to digital excellence.'
