Commercial Bank participates in IIF & IMF meetings in Washington, DC

Commercial Bank joined global banks at the 2022 Annual Meetings of the International Monetary Fund (IMF), World Bank Group (WBG), and the Institute of International Finance (IIF), held in Washington, DC from October 10 to 16.The Qatari banks jointly hosted a very successful and well-attended reception on October 14 in the presence of HE the Minister of Finance Ali bin Ahmed al-Kuwari; Qatar Central Bank (QCB) Governor HE Sheikh Bandar bin Mohamed bin Saoud al-Thani; Qatar Financial Centre (QFC), as well as Qatari banks' board members and CEOs.Commercial Bank representatives to the event included Mohamed Ismail Mandani al-Emadi, board member; Joseph Abraham, Group CEO; Fahad Badar, EGM, International Banking; and Parvez Khan, EGM, Head of Investments and Strategy. Including its alliance bank, Alternatif Bank Turkey attended the conference sessions and held a broad programme of meetings and events in the US. Commercial Bank representatives used the conference for bilateral meetings with banks from various countries to build relationships and grow business in new areas, which enhances the regional depth of Commercial Bank.Commenting on the event, Abraham said: “Our presence at the important annual IMF meeting demonstrates the importance of the Qatar banking sector in international banking. As a group that has long recognised the importance of responsible and sustainable ways of conducting business, we remain committed to continue progressing our strategic goals through innovation and technology.” During the six days of annual meetings, discussions of key issues, including inflation and the effect of raising interest rates on the ability of developing nations in repaying debts. With this participation, Commercial Bank enhances its leading position as a pioneer in innovation banking on the local and global levels.