Commercialbank Gold sponsor of ICC Banking Commission Conference in Qatar

Commercialbank announced today that it will be the gold sponsor of the International Chamber of Commerce (ICC) Banking Commission meeting in Qatar. The meeting will be hosted by ICC Qatar from the 25-29 March 2012, and approximately 400 banking leaders and executives are expected to attend from 50 countries around the world.

The theme of this year’s event is “Reframing the Future of Trade Finance” which will focus on the current economic situation impacting businesses, as well as highlight recent ICC market intelligence on trade finance, including the findings of the ICC Global Survey 2012 on Trade Finance. There will be a special focus on the Middle East and North Africa (MENA) region, and especially on Qatar, which is considered to be one of the fastest growing economies in the World.

Andrew Stevens, Group CEO of Commercialbank, said: “It is a great honour for Qatar to host the ICC Banking Commission meeting; it further highlights Qatar’s prominence as a nation with vast economic potential. Commercialbank is proud to be a gold sponsor of this event, which brings Qatar closer to the international banking and business community. Our sponsorship is a testament to our commitment to Qatar and our dedication towards promoting Qatar as a business and banking hub.”

“Commercialbank strives to be a prominent member of the banking industry, both in Qatar and internationally. Our focus is to provide the best value for our customers, but simultaneously provide value to the industry as a whole. By participating in the ICC Banking Commission meeting, we hope to ensure that all businesses and Qatari entities are informed and prudent in their commercial dealings especially when concerned with international trade in volatile economic conditions. We hope to offer them best banking practices to ensure maximum protection and safeguards.” added Andrew.

Other topics on the ICC Banking Commission agenda include discussions on work-in-progress on ICC projects, such as the International Standard Banking Practice review, drafting of Bank Payment Obligation and forfaiting rules, and assessment of Basel III.

Also on the agenda ICC’s G20 input, which will help frame business positions on stimulation jobs and growth ahead of the G20 summit in Mexico. On the final day an Arbitration and Banking summit will be held.

The ICC Banking Commission meets twice a year, bringing together bankers, business leaders, finance experts and government officials, to discuss policy recommendations, develop regulation to improve trade finance and to encourage dialogue on the current economic environment, and its impact on businesses.

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