Message from the Managing Director

Marking the end of financial year of 2011, I would like to express my sincere thanks and gratitude to H. E. the Chairman of the Board, Board Members, CEO, Head of Groups and all Employees for their outstanding performance for what we have achieved over the past (12) months.

Despite of fierce competition in the market and the continuing implications of the global financial crisis that still exists for more than three years now, we were able to achieve remarkable results on the financial and services levels. We launched wide range of advanced banking products and services and enhanced the existing ones to satisfy the needs and demands of various customer segments in the market. Our growth rate for all financial indicators went up where the net profit of the bank by the end of 2011 was 17.7% and the rate of return on average shareholders’ equity was 22.2 % and the rate of return on average assets was 2.49 %.

During the year 2011, we launched (2) new branches in Um Slal and Aspire Zone. The Ministry of Business and Trade Branch were merged with City Center branch. A pay office was opened at Pakistan Embassy in Doha and (3) e-branches were opened including Parco Mall. The overseas business strategy of the bank was amended, whereby the activities of New York branch were suspended since 30th Sep, 2011 and we are currently in the process of obtaining the necessary license to re-start our operations in NY as a representative office. Shortly, the existing representative office in Abu Dhabi will be converted into a fully operational branch. As for the Islamic branches are concerned, necessary resolutions will be adopted in compliance with QCB instructions accordingly.

Due to the strong financial liquidity attained by Doha Bank on the domestic and global levels, the bank earned the appreciation and recognition of a number of awards in the financial and banking community worldwide. In 2011, Doha Bank was conferred with a number of prizes including “The Best Bank in Qatar” by Arabian Business Magazine, and “The Best Commercial Bank in Qatar” by World Finance Magazine, and “The Golden Peacock for Sustainability” by the International Council for Corporate Governance, and “The Best Trademark in Asia” by Asian Trademark Council.

As a result The State of Qatar had won to organize FIFA World Cup in 2022, we expect mushroomed growth rate in all economic sectors in addition to the launching of more development projects. We, as a board and all staff need to take advantage of this business opportunity and put in all our efforts to achieve our objectives by rendering quality banking services we are well known for. We are confident that you are ready to take this task for the best interest of our customers and for us as one team.

Finally, I reiterate my thanks and admiration to all those who contributed in these achievements and looking forward for achieving our desired goals for 2012 and you will find our encouragements and support as always.

Best Regards

Abdul Rahman Bin Mohammed Bin Jabor Al Thani
The Managing Director