Doha Bank has received the “Bank of the year award” at the 2015 Arabian Business Qatar Awards held at the Grand Hyatt Doha.
Khalid al-Namma, head (Public Sector) received the award on behalf of Doha Bank.
Dr R Seetharaman, CEO of Doha Bank, said: “Doha Bank has demonstrated historically stable performance and strong earnings growth. It has a high net interest margin of 2.61% in June 2015, which is high in relation to competitors.
“It has a high return on shareholders’ equity of 18.4% in June 2015, maintained among competitors and shareholders, who are consistently rewarded with high cash dividend. It also has a high return on assets of 2.03% in June 2015.”
He said Doha Bank has a leading market position in contract financing based on strong relationships through Doha Bank’s representative offices.
Doha Bank has completed amalgamation of two new branches in India and inaugurated South Africa operations as part of its international expansion strategy.
“Doha Bank has a strong reputation for new and innovative products in retail such as tablet banking, gold bar sales and green banking. As a forward-thinking and socially-responsible citizen, Doha Bank has embraced sustainable business practices to satisfy its customers and promote solid environmental stewardship. This award is recognises these initiatives pursued by Doha Bank,” Seetharaman said.
Al-Namma receives the award on behalf of Doha Bank.
