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Doha, Qatar: Commercial Bank, Qatar's first private bank, is proud to announce it has won the "Best CSR Report", at the Corporate Social Responsibility awards ceremony for organisations in Qatar. The awards ceremony was part of the CSR Conference and launch of the third edition of the White Book, held under the patronage of His Excellency Sheikh Abdulla bin Saoud Al Thani, Governor of Qatar Central Bank and Chairman of the Board of Directors of the Sports and Social Activities Support Fund (Daam), and organised by Dar Al Sharq on Monday 21 December at the Ritz Carlton Hotel.
Commercial Bank won the award in relation to a comprehensive group of CSR activities benefitting the wide Qatari community during the years 2013, 2014 and up to the end of 2015, including humanitarian projects and charitable work for the disadvantaged; educational, training and personal development programmes for Qatari youth; sports and health initiatives; support for Qatari arts and culture; and the Bank's Qatar National Day programmes that revive and celebrate Qatar's cultural heritage.
On receiving the award, Commercial Bank CEO Abdulla Saleh Al Raisi said: "Commercial Bank regards CSR as integral to its business in support of Qatar's national development in line with the Qatar National Vision 2030. Commercial Bank strives to be an outstanding corporate citizen by supporting local and international socio-economic initiatives that benefit Qatari society as a whole, and we consider this award to be the crowning achievement of our CSR strategy."
Al Raisi added: "As Qatar's first private bank, we are committed to our responsibilities and duties working in the private sector to take the initiative and give back to the Qatari community of which we are part, and to play a larger role in developing the human, social and sustainable economic wealth of Qatar for the benefit of current and future generations."
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For more information, please contact:
Qatari media
Ibrahim Al-Emadi
Head of Corporate Communications
Commercial Bank
Tel: +974 4475 4748
Email: ibrahim.alemadi@cbq.qa
About Commercial Bank
Commercial Bank has total assets of QAR 119.2 billion as at 30 Sep 2015. As a full service commercial bank, the Bank offers a full range of corporate, retail and investment banking services as well as owning and operating exclusive Diners Club franchises in Qatar and Oman. The Bank's countrywide network includes 30 full service branches and 156 ATMs.
Profitable every year since incorporation in 1974, continual investment in technology and human capital, together with a strong capital base, provides a solid foundation for continued growth. A successful diversification strategy has expanded Commercial Bank's GCC footprint through strategic partnerships with associated banks, the National Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the second largest bank in Oman with total assets of OMR 3.3 billion as at 30 Sep 2015, has 61 conventional branches and 6 Islamic branches in Oman and 1 branch each in Egypt, Abu Dhabi and Dubai. UAB is headquartered in Sharjah, with total assets of AED 25.8 billion as at 30 Sep 2015, and operates 30 branches across the emirates in the UAE. Building on the successful execution of the Bank's expansion strategy to date, Commercial Bank completed the acquisition of a majority stake in Alternatifbank in Turkey in July 2013.
Commercial Bank was awarded "Best retail bank in Qatar" for 2015 by The Asian Banker based on its wide-ranging achievements over the past three years and ambitious future plans. In recognition of the Bank's innovative customer focused products and services provided to SMEs, Commercial Bank also won the prestigious "Best Commercial (SME) Bank of the Year, Qatar" award from The International Banker for the year 2015.
The Bank is dedicated to supporting Qatar's community and social infrastructure through Corporate Social Responsibility programmes and sponsorship of various events. Title sponsorship of the Commercial Bank Qatar Masters and the Grand Prix of Qatar Moto GP reflects the Bank's promotion of excellence in sports and its keen interest in enhancing Qatar's international sporting reputation. To reinforce Qatar's flourishing cultural environment, Commercial Bank is the strategic partner of the Katara Cultural Village. This collaboration symbolises the Bank's commitment to supporting cultural activities in Qatar and making the country a regional arts and cultural hub.
About Alternatifbank (ABank)
ABank was established in 1991 and has been listed on the Istanbul Stock Exchange since 1995. Commercial Bank became the majority shareholder in ABank in 2013 holding a 74.24% stake, following the acquisition of ABank shares of 70.84% from the Anadolu Group and 3.40% through a public tender offer. Anadolu Group remains a significant shareholder retaining 25% of shares in ABank. The bank completed a squeeze out process and its current shareholding in Abank is 75%.
ABank is a mid-size Turkish bank that predominately serves medium-sized companies through a country-wide network of 64 branches in 21 cities. ABank provides commercial/corporate banking services and products, with a special focus on the growing segment of Small and Medium-Sized Enterprises. The Bank's main product ranges cover trade finance instruments, working capital finance, cash management, and portfolio management. The Bank has also recently made a strategic decision to re-enter Retail Banking, targeting the "mass affluent segment" in terms of customer profile with tailor made products.
At 30 September 2015, ABank had total assets of TL 14.6 billion, total loans stood at TL 10.7 billion, customer deposits of TL 6.2 billion and shareholders' equity of TL 1.05 billion.
wwweng.abank.com.tr
© Press Release 2015
