CB intrduces live link with Crdit Bureau Office

For immediate release

The Commercial Bank: first bank in Qatar to introduce live link with Credit Bureau Office, offering Loans and Cards in record time

Doha, Qatar: The Commercial Bank, Qatar's first private bank, has revolutionised the speed at which it can process Loans and Credit Cards through innovative and automated decision tools both within the Bank itself and with the Credit Bureau Office.

All Commercial Bank customers will now enjoy the fastest approval times for Personal Loans, Vehicle Loans and Credit Cards in Qatar and an enhanced banking experience. The new service means the Bank's customers' applications can be approved and processed within minutes.

Commercial Bank CEO Abdulla Saleh Al Raisi said: "Commercial Bank is proud to be a pioneer and to continue to be leading the way in digital and product innovation in Qatar, which ultimately means our customers can benefit from immediate approvals and disbursement of loans to provide them with what they need in the shortest possible time. We recognise time is precious for our customers and place them at the forefront of our services to give them exceptional benefits and banking experiences."

Dean Proctor, EGM Chief Consumer & Private Banking, said: "Commercial Bank is continually innovating in the digital space and the launch of these significant improvements to service our customers faster than ever before comes at an opportune time as we continue to offer highly competitive loans at exceptional rates through our summer campaign."

This latest digital innovation supports Commercial Bank's exceptional summer loan campaign which is running until the end of July. The special summer campaign rates include Personal Loans as low as 3.99% reducing interest rate (equivalent to 2.15% flat interest rate), Vehicle Loans as low as 1.99% flat interest rate (equivalent to 3.69% reducing interest rate) and Mortgage Loans with repayment rates starting from just 3.99% reducing interest rate (equivalent to 2.15% flat interest rate).

**Ends**

For more information, please contact:

Qatari media

Ibrahim Al-Emadi

Head of Corporate Communications

Commercial Bank

Tel: +974 4475 4748

Email: [email protected]

Notes to Editors

About Commercial Bank

Commercial Bank has total assets of QAR 116.1 billion as at 31 March 2015. As a full service commercial bank, the Bank offers a full range of corporate, retail and investment banking services as well as owning and operating exclusive Diners Club franchises in Qatar and Oman. The Bank's countrywide network includes 29 full service branches and 154 ATMs.

Profitable every year since incorporation in 1974, continual investment in technology and human capital, together with a strong capital base, provides a solid foundation for continued growth. A successful diversification strategy has expanded Commercial Bank's GCC footprint through strategic partnerships with associated banks, the National Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the second largest bank in Oman with total assets of OMR 3 billion as at 31 March 2015, has 61 conventional branches and 4 Islamic branches in Oman and 1 branch each in Egypt, Abu Dhabi and Dubai. UAB is headquartered in Sharjah, with total assets of AED 26.5 billion as at 31 March 2015, and operates 31 branches across the emirates in the UAE. Building on the successful execution of the Bank's expansion strategy to date, Commercial Bank completed the acquisition of a majority stake in Alternatifbank in Turkey in July 2013.

Commercial Bank enjoys strong credit ratings of (A) from Fitch, (A1) from Moody's and (A-) from Standard & Poor's. The Bank is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depository Receipts (GDRs) as well as bonds on the London Stock Exchange. Commercial Bank's Swiss Franc bond issuance in December 2010, listed on the SIX Swiss Exchange, was the first public bond issuance by a Qatari bank in Switzerland. Commercial Bank's latest bond issuance in June 2014 is listed on the Irish stock exchange.

The Bank is dedicated to supporting Qatar's community and social infrastructure through Corporate Social Responsibility programmes and sponsorship of various events. Title sponsorship of the Commercial Bank Qatar Masters and the Grand Prix of Qatar Moto GP reflects the Bank's promotion of excellence in sports and its keen interest in enhancing Qatar's international sporting reputation. To reinforce Qatar's flourishing cultural environment, Commercial Bank is the strategic partner of the Katara Cultural Village. This collaboration symbolises the Bank's commitment to supporting cultural activities in Qatar and making the country a regional arts and cultural hub.

www.cbq.qa

About Alternatifbank (ABank)

ABank was established in 1991 and has been listed on the Istanbul Stock Exchange since 1995. Commercial Bank became the majority shareholder in ABank in 2013 holding a 74.24% stake, following the acquisition of ABank shares of 70.84% from the Anadolu Group and 3.40% through a public tender offer. A squeeze out has been initiated to increase shareholding to 75%. Anadolu Group remains a significant shareholder retaining 25% of shares in ABank.

ABank is a mid-size Turkish bank that predominately serves medium-sized companies through a country-wide network of 64 branches in 21 cities. ABank provides commercial/corporate banking services and products, with a special focus on the growing segment of Small and Medium-Sized Enterprises. The Bank's main product ranges cover trade finance instruments, working capital finance, cash management, and portfolio management.

At 31 March 2015, ABank had total assets of TL 12.4 billion, total loans stood at TL 8.6 billion, customer deposits of TL 5.8 billion and shareholders' equity of TL 987 million.

http://wwweng.abank.com.tr