Commercial Bank took part in the 2014 International Monetary Fund (IMF) and World Bank Group Annual Meetings in Washington DC. The Annual Meetings are one of the world’s most important financial and economic conferences and are regularly attended by key figures from the world of finance, politics and economics, including the world’s most prominent finance ministers and central bankers. Held annually in a large global financial centre, the Annual Meetings welcome banks and multilateral development institutions from countries all over the world, including several banks from Qatar and the GCC.
The Commercial Bank Group, including its alliance banks, National Bank of Oman, United Arab Bank in the UAE and Turkey’s Alternatifbank attended the conference and organised a broad programme of meetings and events over the week. The Group used the conference for bilateral meetings with banks from various countries, to build relationships and to grow business in new areas, including demonstrating the increasing regional strength of the Commercial Bank Group.
A delegation of Qatari banks, including Commercial Bank, hosted a very successful reception attended by prominent bankers, key global policymakers, regulators and representatives of governments, financial institutions and diplomatic missions. During the two days of Annual Meetings, discussions of key issues took place including the outlook for the global economy, developments in financial markets, and promoting economic development and poverty reduction in developing countries.
Commercial Bank’s CEO, Mr Abdulla Saleh Al Raisi said: “As one of the leading commercial banks in the region with operations in Qatar, Oman, the UAE and Turkey, participating at the IMF and World Bank Annual Meetings plays an important part in forming our regional strategy. It is vital the Commercial Bank Group continues to anticipate how our world is changing and take advantage of new opportunities to deliver profitable growth.”