Speaking on the sidelines of the bank's Ordinary and Extra Ordinary General Meeting, Vice-chairman of CBQ
, Sheikh Abdullah bin Ali Al Jabor Al Thani, said : 'We want to focus more in the local as well as well as the UAE markets from where we get our maximum profits, and so far we have no plans for foreign investments or acquisition of banks overseas'.
1bn of deposits belonging to Alternatifbank, the Turkish lender that CBQ
bought last year.
He said CBQ
would focus on cutting its costs and managing its margins better in 2014, with an expanded retail business and lower provisioning boosting the bank's earnings.
acquired 40 per cent of UAB in 2007 after concluding a similar alliance with National Bank of Oman two years previously.
In print, ENR CBQ
will reach more than 30,000 contractors within ENR's total paid circulation of 63,000.
After a successful six years of committed efforts from CBQ
to strengthen the management and processes of the bank, CBQ
believes it is the right time to pass on the management of NBO, particularly after "the appointment of a highly experienced and respected Omani banker as the head of the bank.
also reported that impairment losses on loans and advances amounted to 166.
(Class Based Queuing) is a token bucket based algorithm that provides traffic shaping on subsets (classes), as in the figure 1.
Since its incorporation in 1975, CBQ
has, through organic growth and strategic investments in banks established in other Gulf Cooperation Council countries, become a regional banking group, with a strong presence in Qatar and, through its associates, National Bank of Oman and United Arab Bank, a strong presence in Oman and a developing presence in the United Arab Emirates.
By deploying EMV-compliant technology and leveraging on the increased security measures associated with EMV, we are in a better position to protect our card holders against card fraud and also ensure that we maintain our strong competitive edge in customer service," said Manu Joseph, assistant general manager and head of cards for CBQ
The window has been co-run by the CBQ
and Hana Group's banking arm since April 2012.
is to select banks for a bond sale.