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Graduate Development Programme offers unique experience and career opportunities
DOHA, 15 March 2015
Commercial Bank, Qatar, the country's leading private-sector bank, today announced the graduation of its participants in the Bank's 2012 Graduate Development Programme.
Commercial Bank's CEO, Mr Abdulla Al Raisi, said of the event, "We are justly proud of our graduates and, along with their families and friends, we are pleased to take this opportunity to congratulate them on their achievement and hard work over the last two years."
"Our Graduate Programme participants have already shown commitment by completing this two-year programme, but this is only the first step in what we hope will be a long career with us," he added.
The Commercial Bank Graduate Development Programme is known as one of Qatar's most effective professional training programmes. Its unique value is that, during two years, participants experience a working life in nearly all of the Bank's business units, giving them invaluable hands-on work experience but also a sound understanding of how the Bank operates in all its departments and how its different operations link together.
Participants benefit from assistance in the form of technical training, mentoring from senior staff, a buddy system, team-building activities, and dedicated expert support to help them map out individual career paths. The programme enhances graduates' communications, business and leadership skills.
Through their temporary placements in different banking departments, participants discover through real experience the type of work within Commercial Bank that suits them best, helping them to make the right decision about their future career path. Having completed their on-job rotation, the new graduates enjoy a placement in target permanent roles at the prestigious Bank.
Addressing the new graduates at the event, Commercial Bank's EGM & Chief Human Capital Officer, Ms. Sharoq Al-Malki, acknowledged that the Graduate Development Programme could be hard work. "But as with all things in life, the greatest challenges bring the greatest rewards," she said.
She added: "Your reward is the experiences you have gained from your work rotations, the new skills you have learnt, and of course, your new full time positions at Commercial Bank."
Looking ahead, Ms Al-Malki said, "This graduation marks the starting point for the rest of your careers, and it is an honour to welcome you to Commercial Bank as fully-fledged members of the team."
As CEO, Mr Al-Raisi similarly emphasised the role that new graduates would play in ensuring the continuing success of Commercial Bank, and emphasised that graduates are one of the Bank's most important assets and are essential to the future of the Bank.
-Ends-
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 115.7 billion as at 31 December 2014. 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 29 full service branches and 152 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 billion as at 31 December 2014, has 61 conventional branches and 4 Islamic branches in Oman and 1 branch each in Egypt, Abu Dhabi and Dubai. UAB is headquartered in Sharjah, with total assets of AED 25.7billion as at 31 December 2014, and operates 31 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 enjoys strong credit ratings of (A) from Fitch, (A1) from Moody's and (A) from Standard & Poor's. The Bank is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depository Receipts (GDRs) as well as bonds on the London Stock Exchange. Commercial Bank's Swiss Franc bond issuance in December 2010, listed on the SIX Swiss Exchange, was the first public bond issuance by a Qatari bank in Switzerland. Commercial Bank's latest bond issuance in June 2014 is listed on the Irish stock exchange.
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.
ABank is a mid-size Turkish bank that predominately serves medium-sized companies through a country-wide network of 73 branches in 27 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 31 December 2014, ABank had total assets of TL 11.2 billion, total loans stood at TL 8.3 billion, customer deposits of TL 5.4 billion and shareholders' equity of TL 967 million.
wwweng.abank.com.tr
© Press Release 2015
