Commercialbank, one of Qatar’s largest lenders, has unveiled plans to launch a Doha training academy with London Metropolitan Business School (LMBS) in a bid to fast-track the nationalisation of its staff.
The bank on Tuesday said it had signed a deal with LMBS, one of the largest business schools in Britain, to offer a host of courses, ranging from basic banking training for fresh recruits to a two-year management programme.
In a statement, Commercialbank said the deal would help push its nationalisation agenda by “[ensuring] that Qataris within the bank are trained to lead the way in the banking sector in one of the world’s fastest growing economies.”
Staff will also be able to attend a summer school programme, held on LMBS’ London campus.
Commenting on the deal, Andy Stevens, group CEO, Commercialbank said: “The partnership… provides a real choice for young Qatari talent who wish to pursue careers in banking.”
Commercialbank is the emirate’s second largest lender, with QR55bn in assets. Last month saw the bank report a 23 percent increase in second-quarter profit, beating analysts’ estimates. Net income rose to QR408m ($112m).
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