Commercial Bank hosts transaction banking workshop for local businesses

​Doha, Qatar: Commercial Bank, Qatar’s first private bank, recently hosted the first workshop of a series planned for the year  at Commercial Bank Plaza to demonstrate the features and benefits of the Bank’s cash and trade services.

 

The well-attended event was organised and hosted by Commercial Bank’s Transaction Banking Department with 50 invited participants from local companies.

 

The workshop focused on Commercial Bank’s online portals providing end-to-end cash and trade transactions, and participants received a demonstration of the Bank’s Corporate Trade Portal and Corporate Internet Banking. Innovative trade and cash solutions that enhance liquidity and maximize yield were discussed and the participants were highly appreciative of a knowledge session on the trade guidelines covering Letters of Credit and UCP 600. 

 

Commercial Bank Executive General Manager Wholesale Banking, Raju Buddhiraju said: “Commercial Bank enjoys strong relationships with our corporate customers and we are always looking to provide them with value added products and services to help them meet their business objectives. This knowledge sharing workshop was held by the Transaction Banking Department in line with the Bank’s Strategic Reshape Plan. The new series of workshops aims to build capacity in various aspects of implementing the Bank’s strategy, including providing our clients with industry-leading solutions and services to interact with Commercial Bank that are cost effective, simple and secure.”

 

Using innovative technologies, Commercial Bank’s specialist team provides corporate customers with a full range of cash management products and services to add value to their business. These include Corporate Internet Banking; Payroll and Wage Protection System (WPS) implementation; Liquidity Enhancing Account Combinations; Direct Debit; Sweep and Cash Concentration; and door-to-door Cash Collection and Delivery. As a testament to this focus, the Bank was awarded with “Best Cash Management Bank in Qatar” award received at The Asian Banker Middle East & Africa Transaction Banking Awards in 2016 based on the Bank’s state-of-the-art Corporate Internet Banking platform.