DOHA: Doha Bank has been named as the ‘Best Regional Commercial Bank’, for the fourth year in a row, at ‘The Banker Middle East Industry Awards 2016’, which is considered as one of the most important recognitions of financial excellence in the Middle East.
The Awards were presented at a ceremony held on May 12 at the Jumeirah Emirates Towers Hotel in Dubai, which was attended by leading names from across the region’s banking and financial services industry, including Dr R Seetharaman, Group CEO of Doha Bank, who received the award on behalf of the Bank.
“To be awarded the foremost commercial bank in the Middle East for a fourth straight year is a firm acknowledgement of the effectiveness of Doha Bank’s business strategy and the value we bring every day to our customers throughout Qatar, the GCC and beyond. Through the efficient asset allocation model the return on average Shareholders’ equity is 16.1 percent as at December 2015 one of the best in the industry. The Bank has achieved a very high return on average assets of 1.73 percent as at December 2015, which is a clear demonstration of the effective utilization of shareholder’s funds,” said Seetharaman.
He said: “The Banker Middle East Industry Awards has taken into consideration innovation, customer service and sustainable financial performance of nominated institutions. The award is a reflection of Doha Bank’s leadership on sustainable growth.”
He added: “This award will act as an enabler to meet our customers’ financial needs more effectively and provide them with unmatched, continuously improving levels of service.”
The award is the latest in a string of regional and international accolades received by Doha Bank over the past year. The Bank also won the ‘Product of the Year in Middle East 2016 for Doha Bank’s Mobile Banking Experience’ from ‘The Asian Banker’ in recognition of the superior service offered through the mobile banking application. Also, on account of displaying best practice and transparency in investor relations, Doha Bank was awarded as the best Qatari company for ‘Excellence in Investor Relations’.The Peninsula
