Commercial Bank of Qatar (CBQ)

Key details

• Parent: assets

Overview

Commercial Bank of Qatar (CBQ) is Qatari commercial bank + QSE: CBQK + Qatari ruling Al Thani family + Qatari retail + institutional + foreign investors free float + one of Qatar's largest private commercial banks by assets + founded Jun 18 1975 in Doha Qatar as Qatar's first private commercial bank ^{1, Qatar report}.

History

Jun 18 1975 — Commercial Bank of Qatar CBQ QPSC founded in Doha Qatar as Qatar's first private commercial bank distinctive Qatari banking heritage as Qatar's pioneer private commercial bank.

2007 — CBQ Alternatifbank Turkey acquisition + 2013 controlling stake then full ownership for ~$460M consolidating into Turkish commercial banking presence.

2014 — CBQ Mobile banking app launch.

Ownership & operator

Operating entity: Commercial Bank of Qatar CBQ QPSC (Qatari commercial bank; QSE: CBQK).

Major shareholders: Qatari ruling Al Thani family + Qatari retail + institutional + foreign investors free float.

Regulators: Qatar Central Bank QCB + national regulators across 4+ countries.

Technical integration

CBQ Mobile app (iOS + Android) + cbq.qa online + Commercial Bank of Qatar branch network across Qatar + Turkey (Alternatif Bank Turkish subsidiary) + UAE + Oman international branches + CBQ Visa + Mastercard cards; EMVCo QRCPS QR payments + Qatar Mobile Payment QMP (Qatari national mobile QR payment scheme) + Qatari Riyal QAR domestic transfers.

Implementations & partners

Major Qatari banking + payments competitors: QNB Group (QNB Mobile) (Qatar National Bank QNB; QSE: QNBK; Qatar's largest commercial bank by assets) + QIB (Qatar Islamic Bank) (Qatar Islamic Bank QIB; QSE: QIBK; Qatar's largest Islamic commercial bank by assets) + Qatar International Islamic Bank (Qatar International Islamic Bank QIIB; QSE: QIIK; Qatari Islamic commercial bank) + Masraf Al Rayan (Masraf Al Rayan; QSE: MARK; Qatari Islamic commercial bank) + Dukhan Bank (Dukhan Bank; QSE: DUBK; Qatari Islamic commercial bank) + Doha Bank (Doha Bank; QSE: DHBK; Qatari commercial bank).

Regulators: Qatar Central Bank QCB + national regulators across 4+ countries.

Status

Active, Qatari commercial bank + QSE:CBQK + Qatari ruling Al Thani family + Qatari retail + institutional + foreign investors free float + one of Qatar's largest private commercial banks by assets + founded Jun 18 1975 in Doha Qatar as Qatar's first private commercial bank ^{1, 2}.

Sources

• 1 CBQ — official
• 2 CBQ — Wikipedia
• ^{Qatar report} In-corpus: reports/countries/QA-qatar.md

Source

Biography extracted from commercial-bank-qatar.md. See matrix.md for standards-support matrix if present.