Commercial Bank is well-poised to capitalise on the growing investment and trade flows between Qatar and Turkey, chief executive officer Joseph Abraham said at the Turkish-Qatari Business Leaders’ Summit.
Commercial Bank and its Turkish subsidiary ABank were exclusive sponsors of the summit held during the ‘Expo Turkey by Qatar’ at the Qatar National Convention Centre, with Abraham participating at the summit’s panel session on bilateral business and investment opportunities between Qatar and Turkey.
Abraham said: “Commercial Bank is at the forefront of the strategic economic relationship between Qatar and Turkey, and becoming 100% owners of ABank in Turkey in December 2016 demonstrates Commercial Bank’s confidence in the Turkish economy, banking industry, and our commitment to ABank.”
He added: “We view Turkey as an important investment centre in the medium and long term, and we believe that Commercial Bank and ABank through close integration and alignment of business strategies are well-positioned to leverage the potential of the Turkish economy, and act as a channel to capture a share of the increasingly growing investment and trade flows between Qatar and Turkey. “Commercial Bank and ABank are committed to helping Qatari and Turkish businesses succeed and we are uniquely placed to offer a seamless banking experience across both countries.”