The Business Year: Commercial Bank of Qatar

Book excerpt: Founded in 1975, Commercial Bank of Qatar is the second-largest conventional bank in the country. In 2021, the net profit of the bank amounted to QAR2.3 billion, up 77.1% compared to 2020. This special report includes seven exclusive interviews with representatives from the bank's key personnel, focusing on the main features, such as digitalization, that have made CBQ one of the most dynamic financial institutions in the Qatari market. Additionally, given Qatar's imminent hosting of the FIFA World Cup 2022, the words of the featured banking professionals address what Qatar's future could be like in its aftermath, which will be marked by the development of the North Field Expansion project, expected to take Qatar's LNG production capacity from 77 million tons per an-num (MTPA) to 126 MTPA, as well as by the realization of Qatar National Vision 2030.