19/11/2017 06:09 AST

Commercial Bank’s Transaction Banking Department has partnered with Mannai Corporation by implementing the bank’s Corporate Trade Portal. Commercial Bank’s Corporate Trade portal is a user-friendly platform that allows customers to conduct their local and International Trade Finance business online, increasing the efficiency and speed of day-to-day transactions. The new Corporate Trade Portal offers ease of navigation and allow customers to conveniently complete trade transactions online while simultaneously accessing a wide range of advanced features. Customers can apply for trade finance products such as letters of credit, bank guarantees, export and import collection through the fully secure Portal.

Commercial Bank Group CEO Joseph Abraham said, “Digital technology is rapidly changing the way people use financial services. They are increasingly using digital channels to contact their banks, execute trades and purchase financial products.

“As a leading bank, we are making significant investments in digital technology to capture this opportunity and deepen the relationship with our current and next generation of corporate banking clients. We are delighted to be launching our new digital capabilities in the local market for our business partners as well as for consumer adoption of digital financial services solutions.”

Mannai Corporation director & group CEO Alekh Grewal said: “Mannai Corporation and Commercial Bank have been strategic partners for many years as the Commercial Bank provide the most advanced trade finance products and services in the market.”

Commercial Bank EGM and head of Wholesale Banking Raju Buddhiraju said, “Through Commercial Bank’s Corporate Trade Portal, we are providing our corporate customers with industry-leading digital solutions services that are cost effective, simple and secure. Mannai Corporation is one of the leading names in the Qatari market and we are delighted to help them meet their business objectives through our Corporate Trade Portal.”

Commercial Bank’s Transaction Banking Department has built “strong relationships” with Qatari corporates and has been able to offer multiple customised trade solutions to meet the requirements of its corporate clients.

Commercial Bank is the first Qatari bank to launch end to end supply chain financing (SCF) this year.

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