Doha Bank has won for the fourth straight year the “Best Regional Commercial Bank” at The Banker Middle East Industry Awards held recently at the Jumeirah Emirates Towers Hotel in Dubai.
Doha Bank CEO Dr R Seetharaman, who received the award on behalf of the bank, said: “To be awarded the foremost commercial bank in the Middle East for a fourth straight year is a firm acknowledgement of the effectiveness of Doha Bank’s business strategy and the value we bring everyday to our customers throughout Qatar, the GCC and beyond.”
Seetharaman said through the bank’s “efficient” asset allocation model, the return on average shareholders’ equity was 16.1% as of December 2015. Also for the same period, he said Doha Bank has achieved “a very high return” on average assets of 1.73%, which, he said, “is a clear demonstration of the effective utilisation of shareholder’s funds.”
“The Banker Middle East Industry Awards has taken into consideration innovation, customer service and sustainable financial performance of nominated institutions. The award is a reflection of Doha Bank’s leadership on sustainable growth.
“This award will act as an enabler to meet our customers’ financial needs more effectively and provide them with unmatched, continuously improving levels of service,” he noted.
Seetharaman added that the award is the latest in a string of regional and international accolades received by Doha Bank over the past year.
The bank also won the “Product of the Year in Middle East 2016” for Doha Bank’s Mobile Banking Experience from “The Asian Banker” in recognition of the “superior service” offered through its mobile banking application.
Also, on displaying best practice and transparency in investor relations, Doha Bank was awarded as the best Qatari company for “Excellence in Investor Relations” under the mid-cap category.
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