CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Commercial Bank customer wins QR1m as reward for saving

Published: 07 Oct 2018 - 09:47 am | Last Updated: 06 Nov 2021 - 08:36 am
Joseph Abraham (third right), Commercial Bank CEO; Amit Sah (second left), Head of Retail Banking at Commercial Bank, and other bank officials with Raymond Frangieh, grand prize winner of Commercial Bank’s Save & Win campaign, and family.

Joseph Abraham (third right), Commercial Bank CEO; Amit Sah (second left), Head of Retail Banking at Commercial Bank, and other bank officials with Raymond Frangieh, grand prize winner of Commercial Bank’s Save & Win campaign, and family.

The Peninsula

DOHA: One lucky customer has won QR1m in the grand prize draw of Commercial Bank’s Save & Win campaign.

Raymond Frangieh was awarded the QR1m prize by the Group CEO Joseph Abraham, at a special ceremony held at the Doha Festival City. Frangieh has been a Commercial Bank customer for 10 years.

Commercial Bank’s Save & Win campaign was launched in September 2017. It offered monthly and quarterly cash prizes to customers who maintained a minimum average balance of QR10,000 or more in their Current or Savings account. The grand prize of QR1m concludes the campaign, throughout which Commercial Bank has awarded a total of 365 cash prizes to customers exceeding QR3.2m in cash prizes.

Joseph Abraham, Group CEO of Commercial Bank, said: “On behalf of everyone at Commercial Bank, I would like to offer my congratulations to Frangieh as the winner of the Bank’s Save & Win campaign. I hope that the cash prize creates many opportunities for him.

Raymond Frangieh said: “This prize has come as a complete surprise! I knew that I may be eligible for one of the Save & Win cash prizes, but I had no idea I would win such a large amount. I am looking forward how deciding how to invest the money with Commercial Bank.

“I am so grateful to the Bank and its team for offering its customers this chance. I also would like to express my appreciation to the country of Qatar, which offers plenty of opportunities for everybody to make anything possible.”

Amit Sah, Head of Retail Banking at Commercial Bank commented, “To qualify for the grand prize draw of one million Qatari Riyal, customers had to maintain a minimum average account balance of QR10,000 for three consecutive months in order to earn an entry coupon into the draw.

“This meant that the more money customers saved, the greater their chance of winning a cash prize. Helping our customers save, invest and manage their wealth is core to our value proposition, and we have an ever-increasing number of qualified wealth management professionals to help our customers achieve their goals”.