Doha Bank chief executive officer Dr R Seetharaman was awarded as the winner of the ‘CEO of the Year’ award at the Finnovex Qatar Awards 2022 ceremony held in Doha recently.
On receiving the award, he spoke about the key priorities for CEOs in this decade.
Seetharaman said, “Building and protecting the brand, participative leadership, innovation by leveraging on technology, ESG and sustainable development and performance culture are some of the key priorities for CEOs, out of which technology and sustainable development are witnessing key developments in recent years.”
Seetharaman provided insights into digital innovations impacting financial services.
He said, “Fintech enables digital transformation in banks. Fintech firms in Qatar are focused on improving customer experience by providing more accessible financial services. Mobile banking and digital banking will be felt in internet of things, blockchain and open banking. Digital banks’ key success factors include differentiated value proposition, early revenue recognition, quick scalability, and cost efficiency.”
Highlighting Doha Bank's ‘Green Banking & Sustainable Development’, Seetharaman said, “The Global financial crisis has made me rethink on green banking. Banks as socially responsible citizens should earmark capital for green banking apart from capital for regulatory requirements.
“Doha Bank has promoted paperless banking, internet banking, SMS banking, phone banking and ATM banking as well as online channels such as Doha Souq, e-remittances and online bill payments.
“It has launched ‘Green Credit Card’ and ‘Green Account’. It also has a dedicated ‘Green Banking Website’, which integrates the bank’s initiatives in promoting environmental safety with the community by reaching out to both the public and private sectors.” Doha Bank was involved in project financing for supporting the construction of Qatar General Electricity & Water Corporation’s Water Security Mega Reservoirs Project.
“The bank has also provided term loan for Emirates Central Cooling Systems, which provides Efficient District Cooling Services (DCS) to developments in Dubai and the surrounding region.
“Doha Bank has tracked the developments pertaining to various Conference of Parties (COP) meetings of United Nations Framework Convention on Climate Change (UNFCCC),” Seetharaman said.