QIIB Deputy CEO, Jamal Abdulla Al Jamal (right) receiving the award from Andreas Scheer, Head (Loan Capital Markets) FI Frankfurt.
DOHA: QIIB has been awarded the ‘Trade Finance Excellence Award 2018’ from Commerzbank-Germany, based on the volume and quality of our joint business and the bank’s high professionalism in trade, particularly the quality of its letters of credit related transactions.
QIIB Deputy CEO, Jamal Abdulla Al-Jamal, received the award from Andreas Scheer, Head (Loan Capital Markets) FI Frankfurt, during a ceremony held at QIIB Headquarters at Grand Hamad Street in Doha.
Also present were Georges Hobeika, COO, Mohamed Ghayat Sheikha, Investment Manager, and Mr. Asim Mahmood, Chief Operations Officer. The ceremony was also attended by Nils Neudörfer, Senior Relations Manager at Commerzbank and Michael Benner, Senior Relationship Manager (Financial Institutions) and Head of FI Desk Dubai Branch.
After the ceremony, Al-Jamal said, “We are delighted to have strong relations with an esteemed institution as Commerzbank, one of Germany’s leading banks, whose operations and services enjoy high global credibility”.
Al-Jamal said, “QIIB gives priority and great attention to training and qualification programs for employees on the use of the latest banking technologies and programs in line with the latest globally-adopted banking systems. This award reflects the bank’s professional skills and knowledge of ICC/UCP, in its trade finance transactions, to minimise risks for the bank and its trade customers.
He expressed his confidence that “the close relationship between QIIB and Commerzbank will continue and will be further enhanced as there is a common desire to do so. We hope that the clients of both the banks will benefit from the relationship, which will lead to the provision of high quality services that serve their needs and aspirations”.
On his part, Andreas Scheer said, “We look forward to strengthening our relations with QIIB. We have seen, through our dealings with the Bank that the standards they have adopted in the field of trade finance are in line with the best international standards. We thank the bank’s management and employees for their efforts”.
He added: “We have been partners with QIIB for many years, and we are aware of the Bank’s commitment to the highest banking standards in its dealings. We are confident that QIIB and Commerzbank will continue in their partnership so as to enhance cooperation in their various banking operations.
