Latest news with #TribuneNewsNetworkDohaCommercialBank
Qatar Tribune
14-07-2025
- Business
- Qatar Tribune
CB named best performing bank in Qatar by The Banker's ranking
Tribune News Network Doha Commercial Bank, a leading financial institution in Qatar renowned for its cutting-edge digital banking capabilities, has been recognised as the Best Performing Bank in Qatar in The Banker magazine's prestigious Top 1000 World Banks Rankings 2025. The bank also earned a prominent distinction as one of the top 3 highest movers in the Middle East, reflecting its exceptional year-on-year growth in performance and strategic execution. Published annually, The Banker's Top 1000 World Banks is the most authoritative and comprehensive global ranking of financial institutions, widely regarded as the definitive benchmark for international banking excellence. Rankings are determined based on audited year-end financials, with a particular emphasis on Tier 1 capital strength — a critical measure of a bank's financial stability and resilience. Recognition in this index signifies both operational soundness and sustained performance on a global scale. Commercial Bank Group Chief Executive Officer Joseph Abraham expressed pride at the announcement, calling it a major milestone in the bank's ongoing journey. 'This recognition marks a significant milestone in our journey and stands as a strong testament to the bank's solid capital foundation, disciplined strategic execution, and operational resilience,' he said. 'It reflects the collective dedication of our team, the trust of our clients, and the continued support of our stakeholders. We are proud to represent Qatar on the global stage and to be ranked among the region's top-performing banks. This achievement further reinforces our commitment to delivering sustainable value and driving long-term growth.' The 2025 edition of The Banker rankings, based on audited financial results as of 31 December 2024, is particularly significant as it is the first to incorporate end-of-year data reflecting the latest performance metrics from banks around the world. Commercial Bank's appearance at the top of the national rankings and among the highest climbers regionally is indicative of its robust fundamentals and dynamic adaptability in a challenging and competitive financial landscape. The accolade also highlights the strategic progress made by the bank across a range of critical areas. Commercial Bank has been at the forefront of Qatar's digital banking revolution, investing heavily in artificial intelligence, data analytics, and customer-centric platforms to improve service delivery and operational efficiency. Its focus on innovation has allowed it to meet evolving customer expectations while maintaining strict standards of risk management and financial governance.
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.'
Qatar Tribune
27-05-2025
- Business
- Qatar Tribune
CB named Best Bank for SMEs in Qatar by Euromoney
Tribune News Network Doha Commercial Bank, a leader in innovative digital financial solutions, has been awarded with 'Best Bank for SMEs' in Qatar by the prestigious Euromoney Awards for Excellence for the year 2025. Throughout the years, Commercial Bank has demonstrated stellar financial performance and solutions in the digital banking landscape, becoming the first in the region to launch mobile banking solutions tailored for SMEs. The bank has also introduced remote cheque deposits and a state-of-the-art trade portal, both of which have reflected its forward-thinking approach and commitment to banking excellence. These initiatives have been empowering SME owners with convenience and operational efficiency, driving them to achieve their business aspirations. Over the past two years, Commercial Bank has witnessed a remarkable 63 percent growth in SME clientele as it continues to meet the distinct needs of this very segment. Commercial Bank Group CEO Joseph Abraham said, 'The SME sector is key to the economy and its part of Commercial Bank's goal to provide the best financial services to key sectors of the economy. Innovation and operational excellence are central to our strategy. The recent upgrade of our digital platform reflects our commitment to supporting SMEs with scalable, effective financial solutions. This recognition highlights the progress we've made in improving access, agility, and efficiency, and reinforces our focus on helping clients compete and adapt in a dynamic financialenvironment'. Commercial Bank EGM and Chief Wholesale and International Banking Officer Fahad Badar said, 'Our support for SMEs extends beyond the traditional means of banking –Commercial Bank offers valuable financial guidance and expert advice that not only meet their needs, but also unlock new areas of growth and opportunity. With over numerous active SME customers, we continue to have a significant share of the transaction volumes in the local market. We focus on engaging with SMEs across sectors, servicing them through more digital channels. Additionally, we have partnered with organisations to offer targeted training that drives development and long-term success.'
Qatar Tribune
19-05-2025
- Business
- Qatar Tribune
MoL officials visit Commercial Bank to review Tawteen initiatives
Tribune News Network Doha Commercial Bank, a leader in innovative digital banking solutions, was honoured to welcome Mohammed Salem Al-Khlaifi, acting director of the Qualifying and Skills Development Department at the Ministry of Labor (MoL), along with representatives from the ministry, as part of the Tawteen programme. The visit to Commercial Bank Plaza served as an opportunity to assess the participants' progress and witness the impact of ongoing development initiatives firsthand. Throughout the visit, MoL officials met with Khalifa Al Rayes, EGM and Chief Human Capital Officer at Commercial Bank, who shared insights into the ongoing support provided to national talents. These discussions emphasised the importance of building capabilities that contribute to long-term career growth and sustainability. This visit reaffirmed the bank's commitment to nurturing skills that empower individuals, support national talent, and pave the way for meaningful career opportunities. Khalifa Al Rayes said, 'Our corporate strategy revolves around talent development, specifically, investing in the potential of our talents. Commercial Bank strives to nurture individuals through specialized career paths, leadership programmes, and supervisory roles that thoroughly prepare them to take on executive roles in the banking sector. 'Through our personalised trainings and our strong ties with government entities, institutions and universities, we ensure that nationalisation goes hand-in-hand with performance and financial institution integrations. This is how Commercial Bank chooses to build a future-ready workforce and contribute to Qatar's economic prosperity.'
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
CB launches new corporate banking app
Tribune News Network Doha Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region. This state-of-the-art mobile app has been redesigned to transform how corporate clients manage their financial operations by delivering unprecedented speed, security, and convenience through their smartphones. Commercial Bank has consistently pioneered innovative banking solutions, with this new app representing the latest milestone in this journey. The application enables businesses to execute all critical banking operations remotely, from initiating and approving single and bulk transfers to managing corporate cards and generating official bank letters, all protected by advanced biometric authentication. The Corporate Mobile Banking App's revolutionary features deliver complete banking autonomy to corporate clients. Businesses can now approve high-volume transactions, process Wage Protection System payments, settle utility and tax payments to the General Tax Authority, generate critical bank documents, and execute instant transfers through Fawran, all through an intuitive mobile interface. Security being a priority, the app also incorporates biometric login protocols and CB Safe ID verification. Commenting on the launch, Fahad Badar, EGM, chief wholesale and international banking officer of Commercial Bank, said: 'Qatar's dynamic business environment demands banking solutions that keep pace with commercial needs while maintaining rigorous security standards. This app effectively transforms mobile devices into a comprehensive financial tool, by combining cutting-edge technology with user-centric design to empower businesses to conduct operations with unprecedented efficiency.'
