Commercial Bank Awarded with Best Bank for SMEs in Qatar by Euromoney
27 May 2025
Doha, Qatar: Commercial Bank, a leader in innovative digital financial solutions, has been awarded with “Best Bank for SMEs” in Qatar by the prestigious Euromoney Awards for Excellence for the year 2025.
Throughout the years, Commercial Bank has demonstrated stellar financial performance and solutions in the digital banking landscape, becoming the first in the region to launch mobile banking solutions tailored for SMEs. The Bank has also introduced remote cheque deposits and a state-of-the-art trade portal, both of which have reflected its forward-thinking approach and commitment to banking excellence. These initiatives have been empowering SME owners with convenience and operational efficiency, driving them to achieve their business aspirations. Over the past two years, Commercial Bank has witnessed a remarkable 63% growth in SME clientele as it continues to meet the distinct needs of this very segment.
Joseph Abraham, Group CEO of Commercial Bank, said: “The SME sector is key to the economy and its part of Commercial Bank’s goal to provide the best financial services to key sectors of the economy. Innovation and operational excellence are central to our strategy. The recent upgrade of our digital platform reflects our commitment to supporting SMEs with scalable, effective financial solutions. This recognition highlights the progress we’ve made in improving access, agility, and efficiency, and reinforces our focus on helping clients compete and adapt in a dynamic financial environment”.
Fahad Badar, EGM, Chief Wholesale and International Banking Officer of Commercial Bank, said: “Our support for SMEs extends beyond the traditional means of banking – Commercial Bank offers valuable financial guidance and expert advice that not only meet their needs, but also unlock new areas of growth and opportunity. With over numerous active SME customers, we continue to have a significant share of the transaction volumes in the local market. We focus on engaging with SMEs across sectors, servicing them through more digital channels. Additionally, we have partnered with organizations to offer targeted training that drives development and long-term success.”