Commercial Bank customer wins QAR one million as a reward for saving

Doha, Qatar: One lucky customer has won QAR one million in the grand prize draw of Commercial Bank’s Save & Win campaign.

 

Raymond Frangieh was awarded the QAR one million prize by the Group CEO Joseph Abraham, at a special ceremony held at the Doha Festival City. Mr. Frangieh has been a Commercial Bank customer for 10 years.

Commercial Bank’s Save & Win campaign was launched in September 2017. It offered monthly and quarterly cash prizes to customers who maintained a minimum average balance of QAR 10,000 or more in their Current or Savings account. The grand prize of QAR one million concludes the campaign, throughout which Commercial Bank has awarded a total of 365 cash prizes to customers exceeding QAR 3.2 million in cash prizes.

Mr. Joseph Abraham, Group CEO of Commercial Bank, said: “On behalf of everyone at Commercial Bank, I would like to offer my congratulations to Mr. Frangieh as the winner of the Bank’s Save & Win campaign. I hope that the cash prize creates many opportunities for him.

“Commercial Bank’s Save & Win campaign is all about encouraging our customers to save. As a responsible bank, we want to promote good financial management in Qatar. We also want to reward our loyal customers for banking with us. Hundreds of our customers have received cash prizes throughout the year, which is fantastic.”

Raymond Frangieh said: “First of all this prize has come as a complete surprise! I knew that I may be eligible for one of the Save & Win cash prizes, but I had no idea I would win such a large amount. I am looking forward to deciding how to invest the money with Commercial Bank. I am so grateful to the Bank and its team for offering its customers this chance. I also would like to express my appreciation to the country of Qatar, which offers plenty of opportunities for everybody to make anything possible.”

Amit Sah, Head of Retail Banking at Commercial Bank commented, “To qualify for the grand prize draw of QAR one million, customers had to maintain a minimum average account balance of QAR 10,000 for three consecutive months in order to earn an entry coupon into the draw. This meant that the more money customers saved, the greater their chance of winning a cash prize. Helping our customers save, invest and manage their wealth is core to our value proposition, and we have an ever-increasing number of qualified wealth management professionals to help our customers achieve their goals”.