Doha Bank won the “Bank of the Year Award “from ITP Group on 8th September 2015 at Grand Hyatt, Doha, Qatar. Mr. Khalid Al Namma, Head of Public Sector, Doha Bank received the award on behalf of the 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 amongst competitors and shareholders consistently rewarded with high cash dividend. It also has a high return on assets of 2.03% in June 2015. Doha Bank has a leading market position in contract financing based on strong relationships through Doha Bank’s representative offices. In this year Doha Bank has completed amalgamation of 2 New branches in India and inaugurated South Africa Operations this year 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 an recognition for these initiatives pursued by Doha Bank.”