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Doha, Qatar: Commercial Bank, Qatar's first private bank, is proud to announce it has won the "Best New Loyalty Programme" award at The Customer Festival Middle East Awards, held in Dubai, for its Credit Card loyalty programme, Commercial Bank Rewards.
Commercial Bank Rewards was judged to be the best new loyalty programme in the Middle East and beat regional competition at the awards ceremony celebrating market leaders in modern-day digital marketing, innovation and customer service.
Commercial Bank Rewards is a market leading Credit Card loyalty programme that allows customers to earn Reward Points whenever they use their Credit Card for local, international and online retail spending. Reward Points can be redeemed through the award-winning Commercial Bank Rewards loyalty programme, which allows customers to redeem their Reward Points for flights to any destination, at any time, with no blackout dates. Commercial Bank was the first bank in Qatar to bring this unique loyalty programme to the market in 2013.
Recently Commercial Bank further enhanced and relaunched its loyalty programme by allowing customers to redeem their Reward Points online through their PC, mobile or tablet. Customers can also choose to redeem their Reward Points for e-gift vouchers that are accepted at the widest variety of popular stores in Qatarsuch as IKEA, Damas, Sharaf DG, 51 East, Virgin and many more, as well use them for giving to charity.
In addition to the Reward Points and vouchers, Commercial Bank Credit Cardholders continue to enjoy the widest range of benefits, including 0% Buy Now Pay Later at over 200 outlets, exclusive offers on travel, dining and shopping in Qatar and overseas, complimentary access to over 500 executive airport lounges worldwide and complimentary travel insurance.
Mr. Dean Proctor, Commercial Bank EGM, Consumer and Private Banking said: "We are delighted to be awarded with the Best New Loyalty Programme in the Middle East at the Customer Festival Awards in Dubai. Our newly revamped online redemption programme now makes it even easier for our customers to enjoy Commercial Bank's state-of-the-art loyalty programme and redeem their Rewards Points for free flights or for gift vouchers to buy something special at Qatar's leading stores. Since the redemption programme'sre-launch in March 2015, we have witnessed a huge increase in customer participation, which demonstrates the value customers place on our products and services. The programme is available on all platforms, is easy to use and gives our customers unparralled access to benefits and offersnot available elsewhere in the market, all as a reward for using their Commercial Bank Credit Card."
To find out more, please visit www.cbqrewards.comTerms & Conditions apply.
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
