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Doha, Qatar: Commercial Bank customers win QAR 295,000 at the “Save & Win Campaign” that rewards savers with 365 cash prizes throughout the year, including a QAR 1 million grand prize draw.
February marked the Save & Win Campaign’s half waypoint and second quarterly draw, where two customers won QAR 50,000 and another two won QAR 30,000 each.
In addition to the four quarterly winners, the 29 regular monthly winners for February were announced, taking the total of cash prize winners to 182 since the campaign was launched in September 2017. All winning customers were selected by an electronic draw, with the monthly winners comprising of five customers winning QAR 10,000, ten customers winning QAR 5,000, and fourteen customers winning QAR 2,500.
Commercial Bank EGM, Consumer Banking Amit Sah said: “Save & Win is our way of saying thank you to our customers while encouraging them to save for the future. We’ve had a great experience over the last six months spending time with our customers at the monthly prize-giving ceremonies. We’ve given away 182 cash prizes so far with a number of customers winning more than once and we still have more prizes to give away in the next six months, plus the QAR 1 million grand prize.”
All Commercial Bank customers with a minimum average balance of QAR 10,000 each month in their basic Current or Saving account are automatically entered into the monthly draw. The more customers save, the greater their chance to win one of 365 cash prizes, as each QAR 1,000 qualifies for an entry coupon into an electronic draw. In addition, customers can earn double coupons for every QAR 1,000 average balance incremental vs the previous month, thus improving their chances to win. If the minimum average balance of QAR 10,000 is maintained for 12 consecutive months, the customer qualifies for the grand prize draw of QAR 1 million.
All winners are notified following the draw, and customers are not restricted to the number of prizes they can win.
For further information about the “Save & Win Campaign”, please visit any of our branches or our website: www.cbq.qa/cbsaveandwin
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About Commercial Bank
Commercial Bank has total assets of QAR 138.4 billion as at 31 December 2017. 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 the exclusive Diners Club franchise in Qatar. The Bank’s countrywide network includes 29 full service branches and 179 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. Expanding its geographical footprint, Commercial Bank is 100% owner of Alternatifbank in Turkey and has a strategic partnership with the National Bank of Oman (NBO). NBO is the second largest bank in Oman with total assets of OMR 3.5 billion as at 31 December 2017, has 60 conventional branches and 6 Islamic branches in Oman and 1 branch each in Egypt, Abu Dhabi and Dubai. Commercial Bank has entered into an exclusivity agreement with Tabarak Investment to negotiate terms of the potential sale of the Bank’s stake in United Arab Bank.
Commercial Bank enjoys strong credit ratings of (A2) from Moody’s, (A) from Fitch, and (BBB+) 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) 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 and June 2016 are listed on the Irish Stock Exchange.
Commercial Bank was awarded the “Best Retail Bank in Qatar,” “SME Bank of the Year in the Middle East,” and “Best Cash Management Bank in Qatar” for 2017 by The Asian Banker. In recognition of its CSR activities benefitting the Qatari community, Commercial Bank was awarded the “Best CSR Report”, at the Corporate Social Responsibility awards ceremony for organisations in Qatar. The Bank also won the “Best Investor Relations award for mid-cap companies” at the Qatar Stock Exchange’s annual IR awards ceremony in 2017 recognising best practice in investor relations.
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 reflects the Bank’s promotion of excellence in sports and its keen interest in enhancing Qatar’s international sporting reputation. www.cbq.qa
About Alternatifbank (ABank)
ABank was established in 1991. 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. In December 2016 the Bank completed the put option exercise of purchasing 25% of share in ABank from Anadolu group. Currently the Bank owns 100% of ABank shares.
ABank is a mid-size Turkish bank that predominately serves medium-sized companies through a country-wide network of 53 branches. ABank provides commercial/corporate banking services and products, with a special focus on the growing segment of Small and Medium-Sized Enterprises. ABank’s main product ranges cover trade finance instruments, working capital finance, cash management, and portfolio management.
As at 31 December 2017, ABank had total assets of TL 20.6 billion, total loans stood at TL 14.1 billion, customer deposits of TL 10.7 billion and shareholders’ equity of TL 1.6 billion.
© Press Release 2018
