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At the EMEA Awards ceremony recently held at the Jumeirah Beach Hotel in Dubai, Doha Bank was adjudged “Best Bank in Qatar 2011” for the second consecutive year by EMEA Finance Magazine. The EMEA Awards for Excellence is one of the most prestigious awards in the Banking Industry. The award is further recognition of the trust and confidence that Doha Bank has gained in the global financial services community, with its customer centric approach. The EMEA Bank Awards are conferred after a careful scrutiny of various sustainable financial and economic parameters that are vital in assessing the performance and productivity levels of the Financial Institution.
Mr. R. Seetharaman, while expressing his happiness said, “The Bank has been completely transformed into a dynamic entity with strong values and customer-centric approach. The bank has posted strong growth driven by our innovative customer focused services. This award will further bolster our resolve to build on the goodwill of our peers and our customers and set the highest benchmarks in the industry. We also share this award with all our customers and stakeholders who with their support and trust in Doha Bank have contributed significantly to our achievements. Doha Bank is a trendsetter in introducing many innovative products and services in Qatar, with its signature sustainable outperformance. Time and again, Doha bank has proven to outperform in various geographies, across customer segments and under stringent market challenges. The Banks operating efficiency, asset allocation model, unique international strategy combined with its seamless execution, ensure that the Bank continues to stay a cut above the rest”.
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Doha Bank has established a dominant position amongst the Financial Institutions across the Middle East, with 39 state-of-art local branches, 7 e-branches, 13 pay offices, 2 mobile units and more than 110 ATMs. Doha Bank operations are geographically spread across strategic locations in the State of Qatar and the Bank also operates full-fledged branches in the Dubai and Kuwait, and has representative offices in Turkey, Japan, Singapore, China, Abu Dhabi, South Korea, UK and Germany encompassing a robust and strategic network of correspondent banking relationships.
International rating agencies, Moody’s, Standard & Poor’s, Capital Intelligence and Fitch Ratings, have reaffirmed the ratings and assigned a stable outlook for Doha Bank, owing to its consistently strong financial fundamentals, asset quality, and strong liquidity position. Doha Bank has been applauded by renowned financial sector analysts for its pioneering initiatives and its leadership role in taking Financial Services experience in the Middle Eastern region to new heights.
Mr. Seetharaman concluded “It is indeed heartening to note that Doha Bank is now a respected brand not just locally but also internationally. Only a consistent performance will ensure that we remain as the best performing Bank and I am sure we as a team will excel and stay ahead of competition.”
During the same event, Doha Banks’ Group Chief Executive officer, Mr R. Seetharaman has been bestowed with the “CEO of the Year” award. Mr. R. Seetharaman is one of the most sought after Economist in the GCC region and is accredited with transforming Doha Bank as one of the best performing bank in the region and sustaining the position over the last seven years. During his stewardship since he took over the management, the Bank has become an extremely vibrant entity with sustainable performance.
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