Commercial Bank joined global banks at the ‘2016 Annual Meetings’ of the International Monetary Fund (IMF), and the Institute of International Finance (IIF), held in parallel in Washington DC earlier this month.
The annual meetings are major global financial and economic sector conferences and are regularly attended by key figures from the world of finance, politics and economics, including finance ministers and central bankers from various countries. Held annually in different locations, the annual meetings welcome banks and multilateral development institutions from countries all over the world, including several banks from Qatar and the GCC.
A group of Qatari banks jointly hosted a very successful and well-attended reception with the presence of HE the Minister of Finance, Ali Sherif al-Emadi, and HE the Qatar Central Bank Governor Sheikh Abdullah bin Saud al-Thani, Qatari Banks Board members and their teams.
Commercial Bank representatives, including its alliance banks, National Bank of Oman and Alternatifbank Turkey attended conference sessions and held a broad programme of meetings and events during their time 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, including demonstrating the increasing regional strength of the Commercial Bank.
During the three days of annual meetings, discussions of key issues included the outlook for the global economy, developments in financial markets and monetary system, promoting economic development and poverty reduction in developing countries, economic outlook and sustainable growth as well as managing de-risking.
Commercial Bank CEO Joseph Abraham said: “With the world’s preeminent leaders and thinkers on the global economy, international development and global financial markets all gathered together in one place, it is essential for Commercial Bank to participate at the IIF, IMF and Annual Meetings as a leading regional financial institution with operations in Qatar, Oman, the UAE and Turkey. The meetings play an important part in forming the Bank’s regional strategy and anticipating future prospects for regional trade in order to continue delivering profitable growth.”
Commercial Bank also participates in the annual conferences and activities of other global trade and development institutions such as the ICC Banking Commission, SWIFT — SIBOS convention, BAFT, Asian Development Bank, African Development bank, Arab Trade Finance Programme.