Doha Bank named ‘Best Regional Commercial Bank’ at The Banker Middle East Industry Awards 2016

Doha Bank has been named - for the fourth year in a row - the “Best Regional Commercial Bank” at The Banker Middle East Industry Awards, considered the most important recognition of financial excellence in the Middle East.

The Banker Middle East Industry Awards 2016 were presented at a glittering ceremony held on 12th May 2016 at the Jumeirah Emirates Towers Hotel in Dubai, which was attended by leading names from across the region’s banking and financial services industry.  Dr. R. Seetharaman, CEO of Doha Bank received the award on behalf of Doha Bank.

 “To be awarded the foremost commercial bank in the Middle East for a fourth straight year is a firm acknowledgement of the effectiveness of Doha Bank’s business strategy and the value we bring every day to our customers throughout Qatar, the GCC and beyond. Through the efficient asset allocation model the return on average Shareholders’ equity is 16.1% as at December 2015 one of the best in the industry. The Bank has achieved a very high return on average assets of 1.73% as at December 2015, which is a clear demonstration of the effective utilization of shareholder’s funds,” said Dr. R. Seetharaman, Group CEO of Doha Bank. “The Banker Middle East Industry Awards has taken into consideration innovation, customer service and sustainable financial performance of nominated institutions. The award is a reflection of Doha Bank’s leadership on sustainable growth.”

“This award will act as an enabler to meet our customers’ financial needs more effectively and provide them with unmatched, continuously improving levels of service,” he added.

The award is the latest in a string of prestigious regional and international accolades received by Doha Bank over the past year.  The Bank also won the ‘Product of the Year in Middle East 2016 for Doha Bank’s Mobile Banking Experience’ from ‘The Asian Banker’ in recognition of the superior service offered through the mobile banking application. Also, on account of displaying best practice and transparency in investor relations, Doha Bank was awarded as the best Qatari company for ‘Excellence in Investor Relations’ under the mid-cap category.