Latest news with #JosephAbraham
Qatar Tribune
3 days ago
- Business
- Qatar Tribune
Commercial Bank gets ISO mark for continuity management system
Tribune News Network Doha Commercial Bank, a leader in innovative digital financial solutions in Qatar, has been awarded the prestigious ISO 22301 certification for Business Continuity Management Systems from BSI (British Standards Institution). This marks a significant milestone in the Bank's ongoing commitment to operational excellence. This international certification affirms the Bank's ability to maintain business continuity and protect customers and operations in the face of unexpected disruptions, such as natural disasters, cyber threats, or other crises. This achievement is a testament to Commercial Bank's strategic investment in preparedness, crisis response, and risk management. It reflects a deeply embedded culture of resilience that prioritizes stability, reliability, and customer confidence at every level within the Bank's structure. By securing this standard, Commercial Bank reinforces its ability to deliver uninterrupted services, safeguard stakeholder interests, and uphold its role as a pioneer of Qatar's financial infrastructure. Commenting on the certification, Joseph Abraham, Group Chief Executive Officer at Commercial Bank, said: 'Receiving the ISO 22301 certification is an important milestone for Commercial Bank as it demonstrates our focus on resilience and business excellence. Being agile and prepared for any situation is key to our corporate strategy, ensuring the Bank is well prepared for any eventuality. This certification confirms our readiness and ability to maintain service for our customers in the face of business disruption events. Commenting on the certification, Matt Page, Senior Vice President, Assurance Services, EMEA, BSI, said: 'Commercial Bank's commitment to business continuity helps ensure it can continue its operations throughout a disruption, minimizing the impact on employees, customers and society. Congratulations to the team on the certification of the international standard for Business Continuity Management (ISO 22301). This achievement helps demonstrate the organization's ability to protect against, reduce the likelihood of, and ensure it can recover from any disruptive incidents.' This milestone underscores the Bank's forward-looking approach and its alignment with global best practices, while also setting the stage for future achievements. Commercial Bank continues to pursue industry-leading standards, maintaining its position as a trusted partner and innovator within Qatar's financial landscape.
Qatar Tribune
4 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
13-05-2025
- Business
- Qatar Tribune
Commercial Bank deepens role in MENA insurance landscape
Tribune News Network Doha Commercial Bank was the Strategic Partner of the 4th edition of the MENA InsurTech Summit 2025, which took place in Doha. Hosted by Qatar Insurance Group (QIC) in collaboration with the MENA InsurTech Association, this summit brought together insurtechs, investors, and insurance companies to connect over innovations, talents, partnerships, and capital, driving the future of insurance in the region. Recognized as a leading force in insurance banking and the preferred partner of QIC, the Bank's role as Strategic Partner reaffirmed its position as a leading force shaping the insurance landscape across the MENA region. Representing Commercial Bank, Sherif Gamil, Head of Assets and Insurance Business, participated in the panel 'Rethinking Distribution: Bancassurance, Embedded Insurance & the New Frontiers' and shared his valuable insights and expertise on the matter. Joseph Abraham, Group Chief Executive Officer of Commercial Bank, expressed the importance of taking part in the summit, stating: 'The MENA InsurTech Summit 2025 is a yearly empowering event that contributes to the region's evolving insurance landscape, and we are proud to have been its strategic partner. Guided by our corporate strategy, we strive to be always at the forefront of banking — driven by innovation and insight.'
Qatar Tribune
07-05-2025
- Business
- Qatar Tribune
CB ties up with Aqarat to launch real estate Escrow accounts
Tribune News Network Doha Commercial Bank, a leader in innovative banking solutions, is the first bank in Qatar to introduce Real Estate Escrow accounts in collaboration with the Real Estate Regulatory Authority (Aqarat). Real Estate Regulatory Authority (Aqarat) announced the implementation of Law No. (6) of 2014 on regulating the real estate sector in a press conference. This initiative reaffirms the Authority's commitment to developing the sector and enhancing the real estate investment environment in alignment with Qatar National Vision 2030. Real Estate Regulatory Authority President Engineer Khalid bin Ahmad Al Obaidli said, 'The establishment of the Real Estate Escrow Account came as a result of the partnership with Qatar Central Bank, which mandates real estate developers to open a dedicated bank account for each project. This ensures that the buyers' funds are exclusively used for the execution of the project, safeguarding their rights and enhancing transparency and credibility in real estate transactions.' 'Moreover, the agreement signed between the authority and the Commercial Bank emphasises the commencement of the bank's implementation of the Real Estate Escrow Account system.' Commercial Bank Group Chief Executive Officer Joseph Abraham said, 'Signing the memorandum of understanding with the Real Estate Regulatory Authority, Aqarat, marks another milestone in Commercial Bank's continuous efforts in supporting the real estate sector in Qatar. We would like to congratulate Aqarat on this pioneering achievement which will further strengthen and bring strong protection and confidence for all parties in the real estate sector. As we look ahead, we remain committed to our long-term vision and that is providing more accessible, secure, and customer-centric financial solutions for our corporate and personal customers and this escrow account facility is an important step in this direction.' Ali bin Abdulla Al Thani, AGM, head of government and public sector at Commercial Bank, said, 'At Commercial Bank, we put the nation's goals at the heart of ours. We are proud to be the first bank in Qatar to offer the Real Estate Escrow account in collaboration with the Real Estate Regulatory Authority (Aqarat), and this is considered a vital step in enhancing transparency, building trust, and driving sustainable growth in Qatar's real estate sector.' Looking ahead, Commercial Bank will continue to support the nation's aspirations for economic diversification and comprehensive development.
