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Tribune News Network
Doha
Doha Bank has been named the 'Best Regional Commercial Bank' for the fourth time in a row at the Banker Middle East Industry Awards.
The awards were presented in Dubai recently. Dr R Seetharaman, Group CEO of Doha Bank, received the award on behalf of Doha Bank.
"To be recognised as 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," said Seetharaman.
"Through the efficient asset allocation model the return on average shareholders' equity is 16.1 percent 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 percent as of December 2015, which is a clear demonstration of the effective utilisation of shareholder's funds," he said.
"The 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," 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 its mobile banking application.
