Doha Bank adjudged as 'Best Commercial Bank in Middle East' by Banker Middle East

Notes and media contacts

About Doha Bank:

Doha Bank is the largest private commercial bank in the State of Qatar. It was incorporated in 1978 and commenced its banking business (including its International Banking services) in Doha, Qatar on March 15, 1979.

As one of Qatar's leading financial services company, Doha Bank is committed to making banking work for customers and clients like it never has before. Through innovative technologies and the ingenuity of its people, Doha Bank provides individuals and commercial, corporate and institutional clients across Qatar and even internationally, new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through an extensive network, and multiple access channels.

Doha Bank now has established a dominant position in Middle East banking landscape with 28 state-of-art branches, 5 Islamic branches, 11 e-branches, 11 pay offices, 2 mobile units in Doha, 1 mobile unit in Dubai with more than 100 ATMs. Geographically Doha Bank operations are spread across State of Qatar with full fledged branches in New York-USA, Dubai-UAE and another in Kuwait, representative offices in Istanbul-Turkey, Tokyo-Japan, Singapore, Shanghai-China and Bucharest-Romania and an extremely strong network of correspondent banking relationship.

Doha Bank provides comprehensive range of financial service products and services basket, unparalleled in the Middle East region, by deploying consumer centric technology and innovative delivery channels. Doha Bank offers financial services to all the customer segments through its retail banking, wholesale banking, Doha Islamic, banc assurance and treasury and investments divisions. Doha Islamic has matured very fast and offers the most comprehensive set of products. The product basket addresses each stage of an individual life cycle such as education, consumer goods, hajj, managing and settling debts.

An area of high focus is the high net worth segment and the bank is continually providing new services to cater to this segment. Augmented investment services to offer a comprehensive range of wealth management services with introduction of various investment schemes from all over the world to cater to specific customer segments. We have expanded our corporate services to provide corporate finance and project finance advisory Services to both the private and public sectors in Qatar in various subjects such as mergers and acquisitions, IPOs, valuations, privatization work, financial restructuring, etc

Further, Doha Bank also expanded its service network through establishing a 100% owned insurance company Doha Bank Assurance Company offering comprehensive general insurance solutions and through associate company Doha Brokerage & Financial Services for providing comprehensive brokerage and asset management solutions. These strategic initiatives are in line with Doha Bank's strategic vision to converge as One-stop Financial Service provider.

International rating agencies, Moody's, Standard & Poor, Capital Intelligence and Fitch Ratings, have assigned a stable outlook for Doha Bank owing to its consistently strong financial fundamentals, asset quality, and robust liquidity.

Significant cost rationalization was achieved with deployment of several consumer centric technology solutions, such as bank-on-wheel with customer service representative and Self servicing ATM unit, internet banking system with a range of on-line and request based features and opening up of electronic branches with self servicing kiosk. Launched DBank product suite.

The Dubai branch of Doha Bank was opened in 2008.

For further information, please contact:

Tasneem Raza
Watermelon PR
PO Box 117690
Dubai, UAE
Tel: +971 4 2833 655
Fax: +971 4 2829 566