Commercial Bank has seen “substantial growth” across various business units and gained market share in vital segments such as Retail Banking and Enterprise Banking for SMEs in 2014, Qatar’s first private bank said after the Executive Committee strategy meeting here.
The meeting discussed the bank’s three to five year strategy and reviewed 2014 achievements.
Led by Commercial Bank CEO Abdulla Saleh al-Raisi, the meeting explored opportunities inherent within the context of Qatar’s robust economic growth and focused on local market sectors experiencing rapid development such as infrastructure, education, healthcare and telecommunications.
The Executive Committee also reflected on Commercial Bank’s success in 2014, with growth and significant improvements on several key financial indicators despite a fiercely competitive market.
Al-Raisi said, “Commercial Bank performed strongly in 2014 and I would like to thank the Executive Committee and all our staff for their notable contributions to a successful year. Commercial Bank’s Executive Committee meetings are important for the coherent and efficient implementation of our strategy across all business units to maximise opportunities for the current year and the medium term. As a Qatari bank, Commercial Bank will continue to support the development of the economy and the National Vision 2030 across all our business units, from financing large-scale projects to supporting SMEs.”
Commercial Bank has a range of diverse business units and regular Executive Committee strategy meetings allow these units to collectively work together to assist the overall growth of the Bank in a unified and effective way.
The meetings provide an opportunity for the entire full executive team to share updates on recent performance, identify business opportunities and debate emerging issues.
Al-Raisi (third right, front row) and members of the Commercial Bank’s Executive Committee following their strategy meeting in Doha.
