Leading bank Mashreq has seen its Corporate Finance maintaining its momentum by actively pitching and growing its transaction pipeline.
Most notably, Corporate Finance, together with its coverage and treasury and cash management (TCM) partners, closed a maiden benchmark sukuk issuance of $500mn with a five-year tenor for Qatar’s Ezdan Holding that was successfully oversubscribed by 1.67 times and attracted investors from the Middle East (68%), Europe (21%) and Asia (11%).
During the first half of this year, Mashreq Qatar launched Biometric Banking allowing customers to use their fingertips as password. Thanks to the advanced technologies embedded in the biometric system, Mashreq customers are now able to access their accounts without username and passwords, overview their relationship with the bank, and undertake a range of online transactions such as mobile-to-mobile domestic money transfer, international funds transfer, instant utility bill payments, mobile top-ups for prepaid service globally, open ‘Easy Saver’ and fixed deposit accounts instantly, and receive forex rate alerts, by having their identity verified on the go.
In order to continue providing customers with the most rewarding banking relationships, Mashreq Qatar continued to add a range of lifestyle benefits for its customers: lounge access facility through “Lounge Key” for the first time, facilitating platinum credit card customers to access over 500 airport lounges across 300 cities around the world.
The bank also conducted seasonal campaigns such as ‘Back to School’, ‘Salaam Multiplier’ promotion on travel spends, ‘Ramadan Spend’ offers, and ‘Holiday Package to Maldives’ on credit cards.
With the aim to reward customers more, Mashreq Qatar increased the number of discount partners as part of its platinum elite credit card offering to some 362, offering discounts up to 50% at leading restaurants, five star hotels, spas, clinics and beauty salons.
Mashreq Qatar said it continued to offer business banking customers with tailor-made lending solutions, wider range of products from a business current accounts to trading and working capital facility in order to support the development of SMEs in Qatar.
For personal banking customers, the bank continues to motivate the development of a savings mindset and culture, encouraging the use of online channels and other innovative means to save, a Mashreq Qatar release said.
The bank’s Corporate Banking unit continues to work with the largest corporates in Qatar, offering them leading edge financial solutions through innovation and a customer-centric approach that enriches their banking experience.