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I&M Bank wins Sh713m tax fight with KRA over bad debts

Mastercard has honored Commercial Bank with three awards, showcasing the bank's expertise in premium banking, innovative payments, and engagement with affluent consumers. The accolades celebrate Commercial Bank's dedication to providing exceptional experiences to its high-net-worth clientele through its exclusive Limited Edition Mastercard World Elite card collection.

The top award, for highest spend per Mastercard World Elite card, underscores the bank's enduring success in its premium card offerings across the region. Commercial Bank also took home the Card Design Excellence Award for the distinctive Limited Edition Mastercard World Elite Gold Metal card, which showcases intricate gold engraving and advanced technological features.

This recognition highlights the bank's prowess in merging premium materials with cutting-edge functionality in a payment solution that stands out in the highly competitive regional market.

Moreover, Commercial Bank earned the Affluent Banking Excellence Award for its unwavering investment in constructing one of the most prominent premium card portfolios in the region. Stephen Moss, Commercial Bank's Group CEO, expressed pride in receiving these prestigious awards from Mastercard. Moss highlighted that the bank's consecutive third-place finish in highest spend per card account is a testament to the commitment of his teams and the strong partnership with Mastercard, as they strive to set new standards in premium banking and payments.

Shahnawaz Rashid, Commercial Bank's executive general manager and head of Retail Banking, emphasized that the awards validate the bank's strategy of delivering top-tier products to its most valuable customers. Rashid noted that the Limited Edition Mastercard World Elite portfolio has been meticulously crafted to offer elevated benefits, exclusive lifestyle perks, and unique card designs, all of which resonate deeply with high-net-worth individuals.

The bank is delighted to have its efforts acknowledged by Mastercard and is eager to collaborate on developing further differentiated offerings.

Mark Elliott, Mastercard's Division president for East Arabia, echoed the sentiment that Mastercard and Commercial Bank share a passion for innovation and creating value for consumers. Elliott pointed out that the three awards recognize Commercial Bank's leadership in advancing the affluent banking segment in the country. He expressed pride in the partnership that brought the Limited Edition Mastercard World Elite card portfolio to fruition and expressed confidence that their collaboration will yield even more milestones in the years to come.

Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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