Doha Bank’s SME portfolio has been well-recognised after six of its small and medium-sized enterprise (SME) clients received awards as top SME companies in Doha during Qatar Development Bank’s (QDB) ‘SME Excellence List 2018’ awards ceremony held recently.
During the event, which recognised Qatar’s top 50 SMEs in 2018, Doha Bank was presented with the SME Excellence Award by HE the Qatar Central Bank Governor Sheikh Abdullah bin Saud al-Thani, who is also QDB chairman.
Doha Bank is a pioneer in appreciating the importance of the very critical role being played by SMEs in the development of Qatar’s economy. Doha Bank was the first bank to launch ‘Tatweer’, a dedicated SME unit in 2008. Through this initiative, Doha Bank would continue to participate in Qatar’s diversification story by encouraging the SME sector.
Doha Bank congratulated its customers for their excellent performance in the Qatar market by forming viable business models and making an impact on the Qatar economy. The bank’s award winning customers are New Era Controls, Olive International School, Q-Star Trading Company, Shahjan Trading & Contracting, Q Tickets & Events, and Quantum Qatar.
Doha Bank Group CEO Dr R Seetharaman said, “Recognising the top performing SMEs in Qatar creates a motivational environment within the business community in Qatar. SMEs are the emerging large cap companies of tomorrow and we already have number of success stories to boast of.”
Doha Bank chief wholesale banking officer C K Krishnan said, “The SME Excellence Award will be a key contributor to the overall development of the SME eco-system in Qatar. At its core, the SME Excellence List is aimed at providing a platform for SMEs to showcase their excellence.”
Head of SME Atul Kinra said, “Doha Bank is not only providing funding to SMEs but is also offering complete solutions, and has also assisted SMEs to grow both professionally and business wise. We, at Doha bank, are proud that our relationships with SME customers have matured along with the customer’s business and professional growth.”
Doha Bank said its success stories have encouraged other SME customers to approach the bank for financing requirements. Doha bank offers various products to service long-term capital requirements of the customers, in addition to short term working capital financing. The range of products includes business loans, short-term procurement financing, invoice/cheque discounting, overdrafts, and letter of credit and guarantees (bonds). Doha Bank also offers ancillary services and products like electronic banking, cash management services, and insurance products, among others.
Doha Bank is able to meet the requirements of SMEs engaged in contracting/sub-contracting, trading, and the educational, hospitality, and service sectors, among others. It has a full-fledged SME team with expertise in relationship management, solution providing, and credit skills.
The bank is also one of the key partners in QDB’s ‘Al-Dhameen’ credit guarantee programme, which also cover startups, particularly in the field of manufacturing and services segment.
Doha Bank Group CEO Dr R Seetharaman joins the winners of QDB’s ‘SME Excellence List 2018’ awards ceremony held recently.
