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The Commercial Bank of Qatar is a bank established and operated from the Emirate of Qatar. The bank conducts trade across the financial and insurance spectrum of the Arab region.
The Commercial Bank of Qatar commenced business operations in 1975. The bank was the first commercial bank in the Emirate to be fully owned by private investors. The initial capital investment of the Commercial Bank of Qatar was QR 10 million. The current assets and capital reserves of the bank of Qatar is more than QR 500 million. The bank is an extremely profitable entity. The financial company has paid dividends to investors since its inception. The Commercial bank offers a boutique of services to its numerous clients. Services on offer cater to retail customers, investors and corporate clients.
Commercial Bank Qatar is the Arab country's second largest bank after Qatar National Bank. The bank is actively traded in the regional Qatari Doha stock exchange. The bank also offers Islamic banking services to its more conservative customers. The customer base of the Commercial Bank of Qatar is further expanded when it entered into a financial partnership with the National Bank of Oman. The bank also holds the operating and administrative rights of the Diners Club loyalty program within the country of Qatar.
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