Rank: 21
Commercial Bank
Date of Establishment: 1974
Country: Qatar
Group CEO: Joseph Abraham
Sales: $2 billion
Profits: $357 million
Assets: $42.2 billion
Market Value: $5.9 billion
The Commercial Bank is today one of the leading banks in Qatar with 29 branches. It also owns and operates the “Diners Club” franchise in Qatar and Turkey, and the Alternatif Bank in Turkey, and it has strategic partnerships with the National Bank of Oman and the United Arab Bank U.A.E. In 2020, the Commercial Bank reported a decrease in net profits of 35%. Joseph Abraham has been CEO of the bank since 2016, before which he was CEO of ANZ Indonesia.