QAR 430,000 won by Commercial Bank savers in two months

Doha, Qatar: Commercial Bank customers won QAR 430,000 in the latest “Save & Win Campaign” draw that rewards savers with 365 cash prizes throughout the year, including a QAR 1 million grand prize for one lucky customer.

Another 62 winners were announced for two months of the campaign, with the April and May draws bringing the total number of cash prize winners to 273 from a total of 365. Selected by

Selected by electronic draw, ten customers won QAR 10,000 each, twenty customers won QAR 5,000 each, and twenty four customers won QAR 2,500 each.

May also marked the Save & Win Campaign’s third quarterly draw, where two customers won QAR 50,000 including Qatari actor Ghazi Hussain and another two won QAR 30,000 each.

Commercial Bank EGM, Consumer Banking Amit Sah said: “Commercial Bank’s ‘Save & Win Campaign’ is an innovative initiative that encourages our customers to save combined with the chance to win cash prizes. We still have 92 prizes to be given away in the next three months, including the grand cash prize of QAR 1 million to be awarded this September. Keep on saving with Commercial Bank and you could be our first Save & Win millionaire.”

Ghazi Hussain stated that life teaches us all kinds of lessons and we never know what is coming next, with his advice to everyone, especially the younger generation, being to learn how to balance between being objective and subjective, to think rationally before spending money, and to invest in the right place.

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 versus the previous month, thus improving their chances to win. If the minimum average balance of QAR 10,000 is maintained for three 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.

-Ends-

Shaikha Ahmad M A Al-Haidose

Unit Head, External Communication and CSR | Marketing

The Commercial Bank (P.S.Q.C.) | P.O Box 3232, Doha, State of Qatar

Direct Tel: 44490356

Shaikha.alhaidose@cbq.qa  

About Commercial Bank

Commercial Bank has total assets of QAR 146.3 billion as at 31 March 2018. 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 3.6 billion as at 31 March 2018 and has 69 branches, including 1 branch each in Egypt, Abu Dhabi and Dubai. 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 issued in March 2018 is the largest ever CHF bond from the MENA region.

Commercial Bank was awarded the “Best Retail Bank in Qatar 2018,” “SME Bank of the Year in the Middle East 2017,” and “Best Cash Management Bank in Qatar 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 

Alternatifbank was established in 1991. Commercial Bank became the majority shareholder in Alternatifbank in 2013 holding a 74.24% stake, following the acquisition of Alternatifbank 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 Alternatifbank from Anadolu group. Currently the Bank owns 100% of Alternatifbank shares.

Alternatifbank is a mid-size Turkish bank that provides its customers in the corporate, commercial and retail banking segments with high value products, services and solutions through a country-wide network of 53 branches widely distributed across Turkey. Alternatifbank works closely with Commercial Bank to realise synergies and leverage regional trade opportunities.

As at 31 March 2018, Alternatifbank had total assets of TL 21.9 billion, total loans stood at TL 15.3 billion, customer deposits of TL 10.7 billion and shareholders’ equity of TL 1.1 billion.

https://www.alternatifbank.com.tr/en/ 

© Press Release 2018