Barwa Bank wins 3 Banker Middle East awards

Barwa Bank has been recognised as “Best Corporate Bank,” “Best Retail Bank,” and “Fastest Growing Bank in Qatar” during the recently held The Banker Middle East Industry Awards 2015.  In a statement, Barwa Bank said, “The Banker Middle East Industry Awards have anchored benchmark standards for the regional banking industry in innovation, performance and growth. “To be able to uphold our position as best corporate, retail, and fastest growing bank in Qatar is a clear reflection of our consistency and progress in consolidating our strategy, integrating our offering and aligning our resources and investments for collective growth across all our verticals. As a result, we are growing as a group and across all our disciplines and arms,” it added.Barwa Bank relationship manager (corporate banking) Hesham Ishaq Hashem and head of branches Menaif Salmeen al-Jabri attended the ceremony held in Dubai.The event was organised by CPI Financial, the publisher of The Banker Middle East magazine, to recognise financial institutions and banks that deliver on innovation, fiscal results, and business growth across retail, corporate, investment banking, private banking, asset management, and fund management. The results were compiled based on a peer-vote process that reflects industry-wide recognition for winners. Barwa Bank’s performance in 2014 culminated in double-digit figures, ranking it as the fastest growing bank by net income. By end of 2014, the bank’s profit rose by 41.5% to QR713mn, total assets by 14% to QR38bn, and financing portfolio by 19% to QR23bn compared with the previous year. Also in 2014, Barwa Bank opened its representative office in the Dubai International Financial Centre (DIFC).