QDB and Doha Bank officials at the event.
Doha Bank has once again demonstrated its leadership by organising a one of its kind camp for Qatari small and medium enterprise businesses in collaboration with Qatar Development Bank (QDB). This activity demonstrates Doha Bank’s special relationship with QDB as a preferred partner for the ‘Al Dhameen’ programme.
The meet was well received with a strong turn up by enthusiastic, motivated and passionate Qatari business owners, new as well as established Small & Medium Enterprises (SMEs). The camp was orchestrated by Doha Bank’s SME officials and well supported by QDB staff and the concerned branch officials.
Through this camp, the bank showcased its support for the entrepreneurs and SME owners by providing information on financing through the ‘Al Dhameen’ programme. Doha Bank plans to take this program to the country’s young and vibrant population which is thriving on youthful and innovative business ideas by organizing more such camps at other prominent locations in the next one-two months.
The bank expects to generate a healthy portfolio of ‘Al-Dhameen’ customers in the next 2-3 years.
Doha Bank group CEO, Dr. R. Seetharaman stressed on the fact that these camps are an innovative method being adopted to reach out to the Qatari business owners and will go a long way in making this program a success in the future.
Dr. Seetharaman said the program is aimed at encouraging commercial banks to extend credit to key sectors such as manufacturing, education, healthcare and important services.
Doha Bank has demonstrated its long term commitment to the success of SMEs by supporting diverse and new projects under the Qatar Development Bank’s ‘Al-Dhameen’ credit guarantee program such as setting up a state of the art battery factory which will help Qatar meet its requirement for industrial batteries, establishing a dental clinic employing the most advanced equipment or modified bitumen processing factory, a welding electrodes manufacturing facility, etc.
These projects will help the entrepreneurs to make their dreams come true and also contribute to the Qatari economy by helping it to diversify and reduce its reliance on Oil & Natural Gas based industries and to bring the best know-how to the country.
Doha Bank is committed to continue meeting financial requirements of SME sector in Qatar and also thru its offices in Dubai, Abu Dhabi, Sharjah, Kuwait and India.
Doha Bank already enjoys a sizeable SME customer base, strong corporate and retail business and has branch presence across the country to meet customers growing requirements. Doha Bank offers complete range of SME products like working capital, term lending, and contract financing products. Apart from lending products, Doha Bank SME also offers specialized services like cash management, payroll products, trade services, customized forex solutions, insurance solutions, etc.
