(MENAFN- The Peninsula) Commercial Bank has announced that it has won the prestigious "Best Commercial (SME) Bank of the Year, Qatar" award from The International Banker, a highly respected publication based in the UK.
Commercial Bank was nominated for the award by the publication's subscribers and judged to be the best bank in Qatar for small to medium-sized enterprises.
Commercial Bank CEO Abdulla Saleh Al Raisi said: "The Qatar National Vision 2030 identifies SMEs as a key constituent for sustainable economic development and SMEs are globally recognised as essential drivers for economic diversification, job creation and new sources of innovation. Commercial Bank is therefore actively committed to empowering entrepreneurs and supporting the needs of SMEs to help develop the private sector for the benefit of both the companies concerned and for our beloved nation. As Qatar's first private bank established 40 years ago on the principles of ambition, entrepreneurship and innovation, Commercial Bank has developed a deep understanding of the SME market in Qatar and their specific business needs."
Al Raisi continued: "Commercial Bank is the SMEs bank of choice in Qatar and we are delighted to receive this award that recognises the range of market-leading products and services we provide SMEs through our specialised department: Enterprise Banking. Enterprise Banking's dedicated team acts as a platform for SMEs to grow and succeed by offering not only financing, but also education and training, advisory services, and cloud-based technology solutions that allow SMEs to focus on their core business."
Dean Proctor, Commercial Bank EGM, Chief Consumer & Private Banking, said: "It's vital that SMEs across the country know that Commercial Bank is there to support them. Business ownership and management is a demanding and often complex task having to cover multiple areas such as financial management, procurement, manufacturing/ production, logistics and personnel management.
"We want to be the bank of choice for SMEs and to assist the business community with their business plans. We are proud to win this award that reflects and confirms the hard work and commitment of the Enterprise Banking team to make Commercial Bank the SMEs bank of choice in Qatar."
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