Banking online is easier than you think
Doha, Qatar: Commercial Bank, a leading Qatar based international banking group, recently announced the launch of its new Mobile Banking application as it continues to offer new ways for quick, easy and secure solutions for everyday banking at anytime, from anywhere through its Mobile and Internet Banking services.
Since the launch of its new Mobile Banking app last month, customers were quick to embrace the improved digital banking experience and its cutting edge design with approaching 40,000 downloads to date.
The new app offers convenient everyday banking solutions to support day-to-day transactions online including local and international money transfers, Ooredoo and Kahramaa bill payments as well as credit card payments. The app also supports customers in paying bills for a variety of schools and health clubs, as well as Qatar Cool.
Commercial Bank's online banking services are not only safe but rewarding for customers, too. In celebration of the new app's success, Commercial Bank has announced another new campaign offering customers the chance to win a travel voucher for QAR 20,000 from Regency Travel and Tours or tickets to attend the Commercial Bank Qatar Masters 2014 when they make a payment or a money transfer using the new Mobile Banking app. This campaign will run until 28 December 2013.
In May 2013, Commercial Bank announced a campaign that will run until December 2014, offering two free online international transfers each month for customers who pay their phone or Kahramaa bills online.
Dean Proctor, Commercial Bank's Executive General Manager, Retail and Consumer Banking, said "It is exciting to see Commercial Bank customers so eager to embrace our new app which allows convenient day-to-day banking online from anywhere around the world."
Are you a Commercial Bank customer? Download the new Mobile Banking app now from your local app store or visit www.cbq.qa/mobile to begin your anywhere anytime banking experience with Qatar's number one financial app.
For more information, please contact:
Qatari media
Mona Abdallah
Head of Corporate Communications
Commercial Bank
Tel: +974 4449 0169
Email: m.abdallah@cbq.qa
About Commercial Bank
Commercial Bank has total assets of QAR 104.5 billion as at 30 September 2013. As a full service commercial bank, the Bank offers a full range of corporate, retail and investment banking services as well as owning and operating exclusive Diners Club franchises in Qatar and Oman. The Bank's countrywide network includes 29 full service branches and 151 ATMs.
Profitable every year since incorporation in 1975, continual investment in technology and human capital, together with a strong capital base, provides a solid foundation for continued growth. A successful diversification strategy has expanded Commercial Bank's GCC footprint through strategic partnerships with associated banks, the National Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the second largest bank in Oman with total assets of OMR 3.0 billion as at 30 September 2013, has 66 branches in Oman and 1 branch each in Egypt and in Abu Dhabi. UAB is headquartered in Sharjah, with total assets of AED 20.4 billion as at 30 September 2013, and operates 23 branches across the emirates in the UAE. Building on the successful execution of the Bank's expansion strategy to date, in July 2013 Commercial Bank announced the acquisition of a majority stake in Alternatifbank (ABank) in Turkey.
Commercial Bank enjoys strong credit ratings of (A) from Fitch, (A1) from Moody's and (A-) from Standard & Poor's. The Bank is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depository Receipts (GDRs) as well as bonds on the London Stock Exchange. Additionally, Commercial Bank's Swiss Franc bond issuance in December 2010, listed on the SIX Swiss Exchange, was the first public bond issuance by a Qatari bank in Switzerland.
The Bank is dedicated to supporting Qatar's community and social infrastructure through Corporate Social Responsibility programmes and sponsorship of various events. Title sponsorship of the Commercial Bank Qatar Masters and the Grand Prix of Qatar Moto GP reflects the Bank's promotion of excellence in sports and its keen interest in enhancing Qatar's international sporting reputation. To reinforce Qatar's flourishing cultural environment, Commercial Bank is the strategic partner of the Katara Cultural Village. This collaboration symbolises the Bank's commitment to supporting cultural activities in Qatar and making the country a regional arts and cultural hub.
About ABank
ABank was established in 1991. Commercial Bank became a majority shareholder in ABank in 2013 following the acquisition of 70.84% of ABank's shares from Anadolu Group. Anadolu Group remains a significant shareholder holding 25% of shares in Abank.
ABank is a mid-size Turkish bank that predominately serves medium-sized companies through a country-wide network of 73 branches in 27 cities (as of 30 September 2013). ABank provides commercial/corporate banking services and products, with a special focus on the growing segment of Small and Medium-Sized Enterprises. The Bank's main product ranges cover trade finance instruments, working capital finance, cash management, and portfolio management. The Bank has also recently made a strategic decision to re-enter Retail Banking, targeting "mass affluent segment" in terms of customer profile with tailor made products.
At the end of September 2013, ABank had total assets of TL 9.4 billion ($ 4.6 billion), total loans stood at TL 5.9 billion, customer deposits of TL 4.2 billion and shareholders' equity of TL 610 million.
wwweng.abank.com.tr/
© Press Release 2013
