The Commercial Bank of Qatar was established in 1975 as the first wholly owned private commercial bank in Qatar. Initially capitalised at QR 10 million it has grown and prospered over the years to become an important regional Bank with capital and reserves of over QR 3.50 billion and a total assets book of QR 25.0 billion as at 30.06.2006. It has been profitable in every year since its foundation and has paid dividends annually.
The Bank offers a comprehensive range of Corporate, Retail and Investment services through a network of 22 branches, sales offices/pavilions, 143 ATM's, 26 Deposit Machines, Internet Home Banking and the largest EFTPOS network in the country.
The Bank has played an active role in support of Government strategy for the industrial development of Qatar. It has participated in the finance of all major projects to this time.
Key Milestones
|
Year
|
Branch Opened
|
ATM's
|
Services Introduced
|
No of Staff
|
|
1975
|
Main Office
|
|
General Banking Service directed towards corporate business
|
17
|
|
1983
|
Souq, Wakra
|
|
|
89
|
|
1988
|
|
|
Computerisation of accounting system, Personal/Vehicle loans
|
106
|
|
1989
|
West Bay
|
|
Investment service division, Marketing agreement with Fidelity investments, Visa charge card
|
130
|
|
1990
|
|
Head Office, West Bay,
The Centre, Wakrah
|
|
146
|
|
1991
|
|
|
Diners Club franchise for Qatar, Crest card
|
199
|
|
1992
|
|
|
Point of Sale machines
|
223
|
|
1993
|
Al Sadd
|
Al Sadd, Souq
|
Replaced and updated core Banking System
|
|
|
1994
|
|
|
Intl. share brokerage, Pvt. Label Cards
|
260
|
|
1995
|
Al Khor
|
Doha Intl airport, Head Office, AlKhor, The Centre
|
Qatari Share brokerage, Cirrus Maestro Debit cards, Visa credit card, PSI Consultancy by LoBue Associates Inc.,
|
286
|
|
1996
|
Muntaza Sales Office
|
Women's Hospital, Doha Club, Muntaza Sales Office, New Doha Consumers Co-operative, Alsadd
|
Funds Services, FX & Bullion Margin Trading, Strategic alliance with Fidelity Investments
|
311
|
|
1997
|
Salwa Road
|
Souq, The Mall, Wakrah Co-operative, Salwa Road
|
CBQ first licenced broker on the DSM, Launch of CBQ savings plan, Call Centre
|
376
|
|
1998
|
Mesaieed, Ras Laffan
|
Mesaieed, Ras Laffan
|
Tejari Guaranteed Fund , Diners Club franchise for Egypt, Marketing agreement with MFS Funds
|
435
|
|
1999
|
Airport(Al Hilal), Al Najada
|
Airport(Al Hilal), Al Najada, Food Centre
|
Tejari Guaranteed Fund 2, Accolades rewards programme for Diners Club cards, Falcon Frequent Flyer programme for Visa cardholders, Futures trading in currency and bullion
|
477
|
|
2000
|
Landmark
|
Shoprite, Khalifa Town,AlKhor Comm.
|
TGF3, TGF4, Diners Redemption Brochure, Diners Club Franchises - Bahrain, Syria, Yemen and Sudan, CBQ & Diners Club Websites, Launch of Club Key and online services
|
|
|