Doha, Qatar: Lesha Bank LLC (Public) (“Lesha Bank” or the “Bank”) announced its recognition in six categories in Qatar by Euromoney Market Leaders 2023. These rankings underscore the Bank’s steadfast dedication towards excellence and innovation across functional areas.
This marks Lesha Bank’s second consecutive year in several of the rankings and the acknowledged categories for 2023 include Investment Banking - Notable, Private Banking – Highly Regarded, Islamic Finance - Notable, Digital Solutions – Notable, Environment Social and Governance (ESG) - Notable, and Corporate Social Responsibility (CSR) – Highly Regarded.
The recognition emphasises Lesha Bank’s financial position, diversified investment portfolio, and market presence that assisted the Bank’s Total Assets Under Management (AUM) to be at a value of QAR 6 billion at the end of Q3-2023.
Lesha Bank’s standing in Islamic finance and Private Banking underscores its ongoing commitment to providing innovative investment solutions that are Shari’a-compliant, catering to high net worth and ultra-high net worth clients. This commitment extends to pursuing the development and structuring of products with global accessibility, potentially enabling local investors to enter the US real estate market and participate in private equity offerings through a Shari’a-compliant platform.
Lesha Bank recently upgraded its core Banking platform to Temenos Transact R23, launched its new cloud-based client relationship management (CRM) system and launched Mobile App, the first banking application in Qatar to be hosted in Microsoft’s Azure cloud.
This testifies to the Bank’s ranking in Digital Solutions and pursuit of staying at the forefront of technological advancements.
The Bank’s positioning in both ESG and CSR represents a significant milestone, underscoring its pivotal ambition to foster sustainable development through responsible investment and its commitment as an ethical corporate citizen.
