21/08/2017 05:58 AST

The Board of Directors of The Commercial Bank , yesterday announced the appointment of Zafer Kurtul and Turgay G?nensin to the roles of non-executive directors at Alternatifbank (“ABank”). ABank is Commercial Bank’s 100 percent owned subsidiary in Turkey. The appointments are subject to regulatory approval.

Kurtul, who served as Sabanci Holding CEO between 2010-2017, has been appointed as ABank Board Member and Board Audit Committee Chairman and G?nensin, who has worked in senior roles at Garanti Bank for many years has been appointed as ABank Board Member and Board Credit Committee Chairman.

Didem Çerçi and Paul Gossiaux have resigned from their positions on ABank’s Board of Directors. Commercial Bank Group CEO Joseph Abraham, who is currently an ABank Board Member has also been appointed as Vice Chairman of ABank.

“We are very pleased to have senior professionals of the calibre of Kurtul and G?nensin joining the Board of ABank. Their appointments reflect the importance we place on ABank and our business in Turkey. Their valuable experience, insights and contributions will be key to the successful development and execution of our growth plans in Turkey,” said Omar Hussain Alfardan, ABank Chairman and Commercial Bank Managing Director.

Kurtul studied Business Administration at Istanbul University and holds an MBA degree from Wisconsin-Madison University. After working in executive roles at Citibank, BNP-Ak-Dresdner Bank and Societe Generale, Kurtul joined Akbank as an EVP in 1998. He served at the same bank as the CEO between the years 2000-2009 and as the Board Vice Chairman from 2009 to 2010. He worked as Sabanci Holding CEO between 2010-2017 and he also assumed the Board Chairman role at various subsidiaries of the Sabanci Group in the same period.

G?nensin studied Business Administration at Bogaziçi University and started his banking career as management trainee at Interbank at 1985. During the period 1987-1995 he was Manager of Financial Institutions and Corporate banking for Garanti Bankasi. He worked as an EVP at Finansbank between 1995 and 1997. He assumed the role of CEO at United Garanti Bank International between 1997 and 2000, and at Osmanli Bankasi in the years 2000 – 2001. From 2002 to 2013, Gonensin served as an EVP and Commercial Banking Head at Garanti Bankasi and from 2013 – 2015 as EVP responsible for the coordination of all Garanti subsidiaries and international operations. From 2015, he was a board member and credit and audit committee member of Garanti subsidiaries until May 2017.

The Peninsula

Commercial Bank targets top Qatari talent at career fair


Commercial Bank’s National Development Team will be participating at the Education City Career Fair from February 6 to 7, 2018 to recruit top Qatari nationals.

Commercial Bank’s National De

The Peninsula

Commercial Bank has ‘sufficient potential to grow’ in Qatar: CEO


Commercial Bank has “sufficient potential to grow significantly in Qatar” over the next few years, said Group CEO Joseph Abraham. “Our primary focus will remain on Qatar. Qatar is an AA-rated econom

Gulf Times

Commercial Bank plans to boost lending to state firms


Commercial Bank of Qatar is pushing to increase lending to state-run companies as the government presses ahead with infrastructure projects to counter the impact of the Saudi-led boycott against the

Gulf Times

Ticker Price Volume
SACCO 59.53 238,491
SABIC 112.76 5,780,764
ALMARAI 54.43 842,171
PETRORABIGH 24.90 1,971,650
EEC 15.20 2,039,089
SCERCO 24.68 69,474
EXTRA 72.72 1,022,744
CBQK Sector Market
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
QNBK 135.00 -0.21 (-0.16%)
MARK 36.22 -0.52 (-1.42%)
QIBK 100.00 0.00 (0.00%)
QIIK 57.55 -0.15 (-0.26%)
DHBK 27.57 -0.03 (-0.11%)
Al-Falih: Aramco IPO could still happen in 2018


Saudi Arabia may still move forward with an initial public offering (IPO) for state oil company Saudi Aramco on an international exchange such as London or New York in the second half of 2018, despit

Saudi Gazette

Emirates NBD closes in on Denizbank acquisition


Emirates NBD could agree to buy Turkey’s Denizbank within weeks, after intense lobbying by the Turkish bank to convince President Tayyip Erdogan of the benefits of the potential $5.3 billion deal.

Arab News

Saudi Aramco may create employee shareholders says US think tank


Saudi Aramco could grant shares to employees in any forthcoming initial public offering, according to an analysis of the company charter it adopted at the beginning of the year.

The new cha

Arab News

Abu Dhabi's Aldar raises foreign ownership limit to 49%


The shareholders of Aldar Properties have approved raising its foreign ownership limit by 9 per cent, allowing foreigners to own up to 49 per cent of Abu Dhabi’s biggest-listed developer, the company

The National

Zain Group supports Kuwait Investment Forum 2018


Zain, the leading telecommunications network in Kuwait supported the Kuwait Investment Forum 2018 (KIF 2018), that was held under the patronage and in the presence of His Highness the Amir Sheikh Sab

Arab Times