Doha Bank’s Long Term Rating affirmed at ‘A’ with Stable Outlook by Fitch Ratings.

Doha Bank is pleased to announce that its’ Fitch long-term Issuer Default Rating has been affirmed at ‘A’ with stable outlook. In its ratings report Fitch highlighted that despite the global financial crisis, Doha Bank’s earnings have continued to improve due to improved net interest income resulting from moderate credit growth and well-controlled costs.

Mr. R. Seetharaman, Doha Bank Group CEO said, “We are very pleased that Fitch Ratings continues to recognize the strong performance of Doha Bank and that our rating remains unchanged at a time of volatility in International markets. Doha Bank continues to expand its range of services and to continue to grow and evolve as a one –stop shop for top quality financial services”.