Doha Bank bags prestigious awards

This was announced on December 12th, 2007 at a glittering ceremony that took place in Emirates Towers Hotel in Dubai.

Doha Bank has also been adjudged the "Best Bank in Qatar - 2007" by World Finance, the prestigious financial sector magazine from London.

These results were the outcome of comprehensive assessment of various financial institutes in the region based on parameters such as strategy, performance, growth rate, innovation in products and services, consumer convenience, technology deployment, etc.

H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al Thani, Chairman, Doha Bank expressed immense satisfaction on the announcements. He dedicated the awards to continuous patronage of loyal customer base, and attributed the forward looking vision of the board, high level of commitment of management and staff, customer care and best suite of products and services as the main reasons which tilted the scales in favor of Doha Bank. He said that the awards reflect the recognition of Doha Bank as a growing global brand, which has been achieved through consistently best performance ratios, continuous product and service innovation, and various strategic initiatives for growth.

H.E. Sheikh Abdul Rehman Bin Mohammad Bin Jabor Al Thani, Managing Director, Doha Bank said, "The awards reflects the trust and confidence of the banking community on Doha Bank. It validates our efforts towards creating a strong institution with best international practices and standards. We have been growing steadily on all domains. Within a short span of time, we have created a strong image in the Islamic finance sector, which is extremely strategic to us. We are committed to sustain our growth on conventional as well as Islamic segment and maintain our hallmark. We are committed to sustain the growth level through continuous innovation. Looking forward, we plan to have more branches, create strong awareness of Doha Islamic products and services through marketing campaigns, further innovate in product development and augment our financial and management advisory services on Islamic financing to corporate and retail customers."

Mr. R. Seetharaman, Chief Executive Officer, said that Doha Bank is achieving exemplary growth through forward looking initiatives for expansion through increased international presence, acquisitions, collaboration and creation of subsidiary and strategic business units.

Mr. R. Seetharaman said while speaking about Doha Islamic, "The Islamic finance award reflects the growing presence of Doha Bank in the Islamic financing sector. Doha Islamic has made immense strides in less than two years of launch and has crossed QR2bn of assets. With a comprehensive set of products and services, we cater to all financing needs of different stages of lifecycle - for retail as well as corporate customers. We are the first Islamic window in Qatar to structure a Sukuk. We are again first in Qatar to introduce Islamic credit cards. Within a short span, Doha Islamic has expanded its network of services to 4 branches in state of Qatar."

Doha Bank has been consistently bagging various awards and accolades since 2003 from various financial sector specialists. It has been recently adjudged as 'Best Commercial Bank' in the Middle East for the year 2007 by the 'The Banker Middle East' Magazine.