February 2023: Dubai, UAE – Commonwealth Bank proudly celebrates 15 years of success and growth in the United Arab Emirates. In connection with this, Mr. Shyam Srinivasan, Managing Director and CEO, visited the UAE to join in the festivities, meet their customers, employees and partners, and reflect on the past and plan for the future. Mr. Shyam met HH Nahyan bin Mubarak Al Nahyan, Minister of State for Tolerance, United Arab Emirates, as the Bank strives to expand further globally and strengthen its franchise in the Middle East. Venkatramanan Anantha Nageswaran, Chief Economic Adviser to the Government of India, released a recorded video message to the assembled patrons.
Over the past 15 years, the bank has achieved numerous milestones and played a major role in the development and growth of the UAE.
The bank launched a service concept embodying “digital first, people-oriented”. The campaign is expected to go live in India on February 12.
Commonwealth Bank Managing Director and CEO Shyam Srinivasan Thank you to all of our partners, customers and employees who have contributed to the company’s success over the past 15 years. “We are proud of our achievements and grateful for the support we have received from our partners, employees and customers. We will continue to strive for excellence and strive to provide the best service to our customers around the world.”
The bank’s strong operating performance across the board helped it generate its highest-ever quarterly profit in the last quarter. In addition to traditional products, the Bank has also successfully ventured into credit card, personal loan, auto loan, commercial auto loan and micro-credit business. The Bank’s commitment to ESG standards has won an exclusive green equity investment from the International Finance Corporation (IFC) – World Bank Group. The bank is committed to continuing its tradition of excellence and serving the UAE for many years to come.