Latest news with #FahadBadar
Qatar Tribune
5 days ago
- Business
- Qatar Tribune
CB named Best Bank for SMEs in Qatar by Euromoney
Tribune News Network Doha Commercial Bank, a leader in innovative digital financial solutions, has been awarded with 'Best Bank for SMEs' in Qatar by the prestigious Euromoney Awards for Excellence for the year 2025. Throughout the years, Commercial Bank has demonstrated stellar financial performance and solutions in the digital banking landscape, becoming the first in the region to launch mobile banking solutions tailored for SMEs. The bank has also introduced remote cheque deposits and a state-of-the-art trade portal, both of which have reflected its forward-thinking approach and commitment to banking excellence. These initiatives have been empowering SME owners with convenience and operational efficiency, driving them to achieve their business aspirations. Over the past two years, Commercial Bank has witnessed a remarkable 63 percent growth in SME clientele as it continues to meet the distinct needs of this very segment. Commercial Bank Group CEO Joseph Abraham said, 'The SME sector is key to the economy and its part of Commercial Bank's goal to provide the best financial services to key sectors of the economy. Innovation and operational excellence are central to our strategy. The recent upgrade of our digital platform reflects our commitment to supporting SMEs with scalable, effective financial solutions. This recognition highlights the progress we've made in improving access, agility, and efficiency, and reinforces our focus on helping clients compete and adapt in a dynamic financialenvironment'. Commercial Bank EGM and Chief Wholesale and International Banking Officer Fahad Badar said, 'Our support for SMEs extends beyond the traditional means of banking –Commercial Bank offers valuable financial guidance and expert advice that not only meet their needs, but also unlock new areas of growth and opportunity. With over numerous active SME customers, we continue to have a significant share of the transaction volumes in the local market. We focus on engaging with SMEs across sectors, servicing them through more digital channels. Additionally, we have partnered with organisations to offer targeted training that drives development and long-term success.'
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
CB launches new corporate banking app
Tribune News Network Doha Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region. This state-of-the-art mobile app has been redesigned to transform how corporate clients manage their financial operations by delivering unprecedented speed, security, and convenience through their smartphones. Commercial Bank has consistently pioneered innovative banking solutions, with this new app representing the latest milestone in this journey. The application enables businesses to execute all critical banking operations remotely, from initiating and approving single and bulk transfers to managing corporate cards and generating official bank letters, all protected by advanced biometric authentication. The Corporate Mobile Banking App's revolutionary features deliver complete banking autonomy to corporate clients. Businesses can now approve high-volume transactions, process Wage Protection System payments, settle utility and tax payments to the General Tax Authority, generate critical bank documents, and execute instant transfers through Fawran, all through an intuitive mobile interface. Security being a priority, the app also incorporates biometric login protocols and CB Safe ID verification. Commenting on the launch, Fahad Badar, EGM, chief wholesale and international banking officer of Commercial Bank, said: 'Qatar's dynamic business environment demands banking solutions that keep pace with commercial needs while maintaining rigorous security standards. This app effectively transforms mobile devices into a comprehensive financial tool, by combining cutting-edge technology with user-centric design to empower businesses to conduct operations with unprecedented efficiency.'
