Commercial Bank gets a new award for 2020 from The Asian Banker: The Best Cash Management and Transaction Bank in Qatar award.
Qatar , Qatar
27 January 2021, 12:00 AM
06 February 2021, 12:00 AM
Commercial Bank, Qatar’s first private bank emerged for another year as market leader in cash management and transaction banking. Having undergone the stringent evaluation of the MEA Transaction Finance Awards 2020 program, Commercial Bank got a new award for 2020 from The Asian Banker: The Best Cash Management and Transaction Bank in Qatar award.
According to The Asian Banker, Commercial Bank “stood out as a digital pacesetter relative to its peers in Qatar,” and this is largely due to the significant digital adoption the Bank had undertaken before the COVID-19 pandemic.
Every year, The Asian Banker underlines achievements in the key business and operational areas of the financial services industry and recognises leadership in the cash management, trade finance and payments industries amongst international financial institutions in Asia Pacific, the Middle East and Africa. Judged by an international board of advisors, applicants are subject to a stringent assessment process.
The Bank’s GCEO, Joseph Abraham, said in a statement: “We are delighted by our track record of supporting Qatari businesses and the economy as we pave way for a sustainable future. The Best Cash Management and Transaction Bank in Qatar award is testament to the strength and effectiveness of our persistent investment in technology and innovation to provide a unique customer and rewards service proposition.”