Qatar’s Third-Biggest Bank Commits to Turkey for ‘Long Haul’

Commercial Bank of Qatar is committed to its business in Turkey for “the long haul” as it looks to build its operations there, according to the top executive at the lender.

“We are focusing on building it and improving the return on equity,” Group Chief Executive Officer Joseph Abraham said in a Bloomberg TV interview Thursday. CBQ has spent the last few years turning the business around, with its non-performing loans better than the market’s average, he said.