Swiss Franc bond successfully listed

Commercialbank's Swiss Franc bond successfully listed

Tuesday 7 December 2010, Doha, Qatar: The Commercial Bank of Qatar announces the successful closing of its public Swiss Franc bond.

The issue, which raised CHF 275 million, is a five-year fixed rate bond with an annual coupon of 3%. The bond, which is the first public bond issue by a Qatari bank in Switzerland, is listed on the SIX Swiss Exchange and has been rated A1 by Moody's and A- by Standard & Poors. The proceeds from the issue will be used for general funding purposes.

The issue was jointly lead managed by Credit Suisse and BNP Paribas.

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Notes to Editors

About Commercialbank

Commercialbank Qatar is the leading private sector commercial bank in Qatar with total assets of QR 60.2 billion as at 30 September 2010. As a full service commercial bank, the Bank offers a full range of corporate, retail, Islamic, and investment banking services as well as owning and operating exclusive Diners Club franchises in Qatar and Oman. The Bank's countrywide network includes 31 full service branches, including 8 Islamic banking branches, and 140 ATMs. In 2009 Commercialbank inaugurated its 22-storey head office building in Doha's West Bay area, whose completion represents the Bank's enduring commitment to Qatar.

Profitable in every year since incorporation in 1975, continual investment in technology and human capital, together with a strong capital base and underwriting capability, provides a solid foundation for continued growth.

A successful diversification strategy has expanded Commercialbank's GCC footprint through strategic partnerships with its associated banks, 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 RO 1.9 billion as at 30 September 2010, has 67 branches in Oman, 5 branches in Egypt and 1 in Abu Dhabi. UAB is headquartered in Sharjah, with total assets of AED 7.1 billion as at 30 September 2010 and operates 11 branches in the UAE.

Commercialbank enjoys strong credit ratings of (A) by Fitch, (A1) by Moody's and (A-) by 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 its bonds on the London Stock Exchange.

The Bank is dedicated to supporting Qatar's community and social infrastructure through various Corporate Social Responsibility programmes and sponsorship of events such as the Commercialbank Qatar Masters Golf Tournament.

www.cbq.com.qa