Doha Bank named ‘Best Regional Commercial Bank’ for fifth time

Doha Bank has been named the ‘Best Regional Commercial Bank’ for the fifth time in running at the Banker Middle East Industry Awards 2017.
“In 2016, through the efficient asset allocation model, the return on average shareholders’ equity was 12.1% and return on average assets was 1.21%, which is a clear demonstration of the effective utilisation of funds,” Doha Bank group chief executive R Seetharaman said after receiving the award.
The bank believes in providing innovative offerings to its customers through digital technology which will also contribute to its sustainable performance and the award is a reflection of Doha Bank’s leadership on sustainable growth, 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 the fourth quarter of 2016.
In August 2016 Doha Bank inaugurated its relocated Kochi Branch at LuLu Mall.
Doha Bank also entered into a Memorandum of Understanding with Centrum Group, India to facilitate the development of GCC (Gulf Cooperation Council) business for Centrum with its network while Centrum will reciprocate with the same in India for Doha Bank.
Doha 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 launched biometric access for mobile banking application. During last year, Doha Bank also offered various limited period offers such as ‘Double your Salary’, ‘e-statement registration’, ‘0% payment plans’, ‘free cabin bag’ and ‘complementary gift vouchers’ in coordination with popular merchants. Doha Bank also demonstrated its leadership by organising a one of its kind camp for Qatari small and medium enterprise businesses in Qatar.