United Arab Emirates, Dubai -  19 October 2013: Commercial Bank International (CBI) has announced a signing with a leading global management consulting firm, The Boston Consulting Group (BCG), to prepare a five-year strategic plan. BCG will act as advisor on the development of the Bank's business strategy in a project that is due to be finalized by the end of 2013.

The project will be driven by BCG, leveraging its extensive hands-on experience, analytics and tools to help CBI develop its five-year business strategy. BCG will bring to bear advanced factbases, market trends and best practices to enable CBI to capitalize on available opportunities across business lines. BCG will work closely with the management team to ensure acceptance and subsequent implementation of the strategy. The strategic plan will cover all business units including Retail Banking, Corporate Banking, SME and Treasury.

Commenting on the partnership, CBI's Chief Executive Officer, Kris Babicci said, "It is time for CBI to develop our next strategy and we are extremely excited to have partnered with BCG to do so. The outcome will provide a clear direction; a vision and a mission for the Bank, identifying the strategy that will make us achieve our aspirations for the next five years."

"CBI is a key player in the local banking sector, and we see great potential for the bank to further develop its capabilities. The bank is on a good trajectory with an experienced management team and well-placed strategic partners in the region. By developing and implementing the correct strategy, CBI has the potential of becoming a major industry player in the UAE within five years, and we are pleased to support them in their efforts to achieve these goals," commented Ganesh Mohan, Partner & Managing Director - BCG Dubai.

CBI's consistent drive to be at the forefront of customer service improvement and convenience builds on their recent success at the Banker Middle East Industry Award Ceremony, where they received recognition for being the Most Improved Bank in the MENA region and the Fastest Growing Bank in the UAE.

The Boston Consulting Group partners with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Founded in 1963, BCG is a private company with 78 offices in 43 countries.

About Commercial Bank International (CBI)
Commercial Bank International PSC (CBI) is a local bank in the United Arab Emirates. It was founded in Ras Al Khaimah in 1991 and is a public shareholding company with its shares listed on the Abu Dhabi Securities Exchange Market (ADX).

CBI is a commercial bank offering Retail Banking, SME Banking, Corporate Banking and Treasury and Investment products.

As of 31st December 2012, CBI's Total Assets were AED 12.7 billion with Loans and Advances of AED 8.7 billion.

CBI has 19 branches and 118 ATMs with representation in all of the United Arab Emirates.

For more information on Commercial Bank International, please visit cbiuae.com.

Media Contacts
Saad Hakim
Head of Corporate Communications and Marketing
Commercial Bank International
PO Box 4449, Dubai
United Arab Emirates
Telephone: +971 4 212 6718
Mobile: +971 50 5572636
Email: saad.hakim@cbi.ae

About The Boston Consulting Group
The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 78 offices in 43 countries. 

BCG serves the Middle East from Abu Dhabi and Dubai. Our offices there, in conjunction with the BCG office in Casablanca, play a key role in serving clients in the rapidly developing Gulf region as well as Middle East North Africa (MENA). To date BCG has successfully conducted assignments in the Middle East serving clients across a wide range of sectors, including government, financial services, energy, industrial goods, telecommunications, real estate, healthcare and private equity. For more information, please visit bcg.com.  

For more information, please visit www.bcg.com

© Press Release 2013