Doha Bank wins 'Best Regional Commercial Bank' award

Doha Bank has been named the 'Best Regional Commercial Bank' for the fifth time in a row at the Banker Middle East Industry Awards 2017. The awards were presented in Dubai recently at Emirates Tower Hotel, Dubai.
Dr R Seetharaman, Group CEO of Doha Bank, received the award on behalf of Doha Bank, and said: “To be recognised as the foremost commercial bank in the Middle East for a fifth straight year is a firm acknowledgement of the effectiveness of Doha Bank's business strategy and the value it provides to its various stakeholders. In 2016 through the efficient asset allocation model the return on average Shareholders’ equity was 12.1 percent and return on average assets was 1.21 percent which is a clear demonstration of the effective utilization of funds.”  He added: “Some of the major initiatives in 2016 include, Doha Bank in line with its international expansion strategy inaugurated its 13th representative office in Bangladesh during Q4 2016. In August 2016 Doha Bank inaugurated its relocated Kochi Branch at Lulu Mall. Doha Bank also entered into a Memorandum of Understanding (MoU) with Centrum Group, India to facilitate the development of GCC business for Centrum with its network while Centrum will reciprocate with the same in India for Doha Bank.”
The Bank concluded re-financing of Tornado Tower in West Bay. As a step to improve customer convenience, Doha Bank undertook multiple initiatives, such as opening its dedicated ‘Card Delivery Centre’ at City Centre, inaugurating a state of the art branch at Al Gharafa. Doha Bank concluded its 7th consecutive Summer Promotion campaign for its credit card holders on the occasions of Ramadan and Eid season, through attractive rewards such as 10 percent cash back across all Qatar Duty Free (QDF), 5 percent cash back on all foreign currency transactions. As a first in Qatar, Doha Bank also launched ‘Biometric Access’ for mobile banking application.