Commercial Bank Wins the Prestigious “Best Bank in Qatar” Award by Global Finance

Doha, Qatar 21 March 2021: Based on extensive consultation with bankers, consultants and industry analysts, Commercial Bank, the most innovative digital bank in Qatar, has been selected for the second time in four years, the winner of the “Best Bank in Qatar 2021" Award by Global Finance's editorial board.

In previous years, winning institutions were honored at an awarding ceremony held during the World Bank/IMF Annual Meetings.

This year's evaluation of banks was exceptional in Global Finance's 28-year history, given the unprecedented economic conditions wrought by the global pandemic.

“Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward," said Joseph D. Giarraputo, publisher and editorial director of Global Finance.

All selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world. In selecting these top banks, Global Finance considered factors that ranged from the quantitative objective to the informed subjective. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development, and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants, and others involved in the industry.

In previous years, winning institutions were honored at an awarding ceremony held during the World Bank/IMF Annual Meetings. If global conditions allow, Global Finance will host this event once again, and winners will be notified about the date and location in advance.

Commenting on the win, Commercial Bank's GCEO, Joseph Abraham, said: “The pandemic presented both a challenge and an opportunity to demonstrate resilience and provide our clients with world-class banking services, particularly in the digital field. The investment we have made in our business under our five-year strategic plan meant that Commercial Bank was able to swiftly adapt to the new operating environment and well placed to capture the fundamental shift in customer behaviour towards digital that was accelerated by COVID-19. I would like to thank our clients for their continued loyalty and patronage to Commercial Bank and our staff for their dedication and innovation in this challenging year."

Commercial Bank's focus on innovation and its pioneer role in Digital Banking innovation have earned the Bank over 15 awards in 2020 highlighting the Bank's efforts in innovation, digital banking, leadership, social media, cash management, and transaction banking.

Ends.​

​