The Commercial Bank
Established as the first private bank of Qatar in 1975, The Commercial Bank is one of the leading financial institutions of Qatar’s economy with its modern banking technologies and pioneering services. Having a high brand recognition in the Middle East Region, The Commercial Bank has followed an expansion strategy, acquiring 34,89% shareholding in the National Bank of Oman (S.A.O.G.) in Oman and 40% shareholding in the United Arab Bank (P.J.S.C.) and has been successfully continuing this strategy with its investments in Turkey.
The Alliance of The Commercial Bank & Alternatif Bank
Having become 100 percent shareholder of Alternatif Bank by the end of 2016 following the partnership that started in 2013 and continued for 3 years, The Commercial Bank delivers outstanding high-level services in the retail, corporate and investment banking segments in all of the countries that it operates in including Turkey and Qatar in particular, through this strategic alliance.
Having recorded a consolidated asset size of 38,8 billion USD, deposit volume of 21 billion USD, loan volume of 23 billion USD and net profit of 256 million USD by June 2019, The Commercial Bank serves with 30 branches across the country. The Bank is considered among the prestigious players in the market with its high credit rating scores in addition to its financial successes.
Considering Turkey as a very important investment center in the medium and long term, The Commercial Bank aims to support Turkish exporters helping them break into new markets and to deliver a flawless banking experience to its customers by offering advantageous and comprehensive solutions beyond standard banking services.