Commercial Bank progressing well on long-term strategy: CEO – The Peninsula

Commercial Bank progressing well on long-term strategy: CEO – The Peninsula

Doha: Commercial Bank, which adds to its recent accolades being ranked by Euromoney as a Leader in Qatar in Digital Solutions, Corporate Banking, and Corporate Social Responsibility is progressing well on its long-term strategy, an official said yesterday.

Speaking to The Peninsula on the sidelines of the bank’s launch of its second Premium Lounge at Place Vendome Mall, Group CEO of Commercial Bank Joseph Abraham said the Commercial Bank will carry on improving more digital innovation and expanding its various business streams as part of its strategy and expansion plans post-World Cup.

“For next year, basically we are very clear with our strategy which we have already laid out. And it’s about fulfilling that strategy where we’re progressing well. And that is to improve more digital innovation, more expansion in our various business streams, and we continue to manage ourselves efficiently and with proper risk management,” said Abraham.

It may be noted that Commercial Bank had previously announced its long-term strategy with some of its outlined objectives: a further uplift in future business performance, including digital leadership through investment in end-to-end process automation, artificial intelligence and robotics; reshaping the branch network aligning to a changing customer footprint; and developing new products in Wealth