Commercial Bank ranks at the top in 2022 Euromoney Digital Rankings

Qatar, Doha: August 31, 2022

Euromoney publication has ranked Commercial Bank as a Leader in Qatar in Digital Solutions, Corporate Banking, and Corporate Social Responsibility and was Highly Regarded in Investment Banking based on its 2022 Market Leaders rankings analysis.

Euromoney rankings take multiple sources of data including qualitative and quantitative, both internally from banks as well as external client referee data to build a robust and objective picture of industry leaders. Using a vigorous methodology Euromoney's team of analysts build rankings across categories and by country, creating a global index of banking and finance leaders to provide a definitive guide to banks that matter.

On this occasion, Commercial Bank's Group CEO, Joseph Abraham, said: “This ranking reflects our best-in-class digital products and the success of our strategy of investing in innovative technologies. These digital products and services are even more relevant for our clients. We will continue to introduce new digital innovations that enhance the experience of our customers".

Commenting on this ranking, Shahnawaz Rashid, EGM and Head of Retail Banking said: “For the last 47 years, Commercial Bank has built up a distinguished brand that customers can trust while providing a best-in-class product and service platform. Innovation in Retail Banking and Investment Banking is at the core of our operation and a front gate that addresses our reputable name. This achievement shows the embracing of success for Commercial Bank to set the example of future banking in Qatar".

Raju Buddhiraju, EGM and Head of Wholesale Banking stated: “Prestigious recognition such as the Euromoney Market Leaders' rankings act as a catalyst for us to continue to introduce our corporate customers to new digital innovations that enhance their experience whilst maintaining our role as pioneers in the wholesale banking scene in Qatar. Commercial Bank offers a comprehensive range of innovative financial services including cash management solutions to corporate businesses and international companies trading or implementing projects in Qatar".

It's noteworthy to say, as a new and integral addition to Euromoney.com, Market Leaders Rankings are the go-to destination for banks' current and prospective clients to assess the banking market's key players around the world.

Commercial Bank's focus on innovation and its pioneering role in Digital Banking innovation have earned the Bank a number of prestigious awards in 2022, including the “Best Bank" award in Qatar from Global Finance, and “Best Corporate Bank" award in Qatar from Euromoney, and “The Most Outstanding Innovation in Fraud Detection" award in the world from Global Finance.

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