Commercial bank tops Euromoney 2022 digital ranking

Doha: Euromoney publication ranked Commercial Bank among the leaders in Qatar in digital solutions, corporate banking and corporate social responsibility and was highly regarded in investment banking based on its analysis of the ranking of market leaders 2022.

The Euromoney rankings use multiple sources of data, including qualitative and quantitative, both internally from banks and external data on referring customers, to create a solid and objective picture of industry leaders. Using a vigorous methodology, Euromoney’s team of analysts compiles rankings by category and country, creating a global index of banking and financial leaders to provide a definitive guide to the banks that matter.

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

Commenting on the ranking, Shahnawaz Rashid, EGM and Head of Retail Banking said, “Over the past 47 years, Commercial Bank has built a distinguished brand that customers can trust while providing a platform of products and services first class. Innovation in retail and investment banking is at the heart of how we operate and a gateway that addresses our reputable name. This achievement shows adherence to the success of Commercial Bank to set an example for the future bank in Qatar.”

Raju Buddhiraju, EGM and Head of Wholesale Banking said, “Prestigious recognitions such as the Euromoney Market Leaders Ranking act as a catalyst for us to continue to introduce our corporate customers to new digital innovations that enhance their experience while maintaining our role as pioneers in the wholesale banking scene in Qatar. Commercial Bank offers a full range of innovative financial services, including cash management solutions to international businesses and corporations negotiating or implementing projects in Qatar”.

It should be noted that as a fully-fledged new addition to Euromoney.com, the Market Leaders Rankings are the go-to destination for current and potential bank customers to assess the major players in the banking market worldwide.

Commercial Bank’s focus on innovation and its pioneering role in digital banking innovation has earned the Bank a number of prestigious awards in 2022, including Qatar’s “Best Bank” award from Global Finance and the “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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