Commercial Bank announces enhanced benefits for all employees

Announcement made to Staff at Town Hall meeting

 

Doha, Qatar: Commercial Bank, Qatar’s first private bank has announced that all employees within the bank will receive a benefits package increase that will significantly enhance their current remuneration. The positive enhancements included new benefits as well improvements to existing ones.

The announcement was made at a Town Hall style meeting to which all employees were invited and addressed to all Commercial Bank staff under the theme “It’s All About Us.”

 

Speaking about the increase in employee benefits, Commercial Bank CEO Abdulla Saleh Al Raisi said: “The increase in benefits applies to all our employees across all our business units, as each and every member of staff is a valued team member of Commercial Bank. Increased salaries, together with the Bank’s focus on developing employee talent, will help maintain our position as an employer of choice and keep us competitive in the market. People are at the heart of Commercial Bank’s business and this substantial improvement is important for attracting and retaining the best employees.”

 

The town hall meeting provided an open forum for management and staff to review 2014’s successful performance, discuss objectives and plans for 2015 and debate Commercial Bank’s values and mission.  The event format and agenda was developed to build on Commercial Bank’s policy of open communications and encouraging teamwork.  Best-selling author Chester Elton was Master of Ceremonies and motivational speaker.  A global expert on workplace trends and motivation, Elton is co-author of several successful leadership books, with All In, The Carrot Principle and What Motivates Me being New York Times and #1 Wall Street Journal bestsellers.

 

In his opening address, Mr Al Raisi reflected on a successful 2014 and said: “Commercial Bank’s profits have grown despite a fiercely competitive market and we have increased market share in key segments such as Retail Banking and Enterprise Banking for SMEs. Our financial performance for 2014 is very positive and there are improvements on many key financial measures”.  He went on to highlight that 2015 is a special year for Commercial Bank as it marks 40 years of operation as the first private bank in Qatar. He further stressed that “a key objective for 2015 is to deliver world-class customer service and two new internal initiatives are now in place to ensure that Commercial Bank remains a market leader for quality of service, understanding the customer and responsiveness”.

 

Focusing on the enhancement of benefits for employees, Mr. Al Raisi stated: “We continue to invest heavily in human capital in line with Qatar National Vision 2030 by developing our employee talent and helping to make Commercial Bank one of the best places to work in Qatar.  The enhancements made to benefits are testament to our belief in growing and developing our people.”

 

Commercial Bank EGM & Chief Human Capital Officer, Ms Sharoq Al Malki said: “Commercial Bank invests heavily in developing human capital in line with Qatar National Vision 2030. Our goal is to be importers and exporters of employee talent and we will continue to strive for excellence towards positioning Commercial Bank as an employer of choice in Qatar.”

Commercial Bank’s Executive General Managers each spoke about the Bank’s core values, touching on customer service, commitment, innovation and teamwork.   Following the formal part of the evening, Commercial Bank staff relaxed over dinner and were treated to entertainment and a raffle.