Doha: Commercial Bank, the leading digital bank in Qatar, has achieved another milestone and enhanced its presence as a market leader in cash management and transaction banking, as it garnered yet another new award, “Best Cash Management and Transaction Bank in Qatar” award for 2021 from The Asian Banker.
Every year, The Asian Banker recognises achievements in the key business and operational areas of the financial services industry.
The purpose of these awards is to recognise annual achievements and winners in the competition for market share, product and operational excellence. The Transaction Finance Awards, previously called The Transaction Banking Awards, evaluate financial institution’s achievements in cash management, payments, and trade finance.
The winners are determined through a combination of surveys, interviews, and field research by The Asian Banker’s research staff.
The research findings are published in a neutral manner, with a scorecard outlining how the different domestic and global players feature in them.
Raju Buddhiraju, EGM, Head of Wholesale Banking at Commercial Bank said: “Taking into consideration the challenges we faced during the past two years, Commercial Bank has leveraged on its digital strategy by promoting its previously established digital services and launching new ones. Our cash management products have allowed customers to make the most of their seamless banking experience. Commercial Bank also provides corporate customers with a full range of cash management products and services that add value to their businesses and to maximise the yield on their idle cash balances”.
In 2021, Commercial Bank has been awarded by global leading awarding bodies. Some of these awards are: “Best in Social Media Marketing & Services in the World” from Global Finance; “Best in Social Media Engagement in the Middle East” from The Asian Banker; “Best Mobile Banking App for Corporate in the Middle East” from Global Finance; “Best Bank in Qatar” from Euromoney; “Best Bank in Qatar” from Global Finance; and “Best Digital Bank in Qatar” from AsiaMoney.
