Chairman addressing the board members and executive management during the meeting.
DOHA: The new members of the board of Barwa Bank Group held a meeting chaired by Sheikh Mohammed bin Hamad bin Jassem Al Thani, Chairman and Managing Director to discuss the bank’s activities and future growth plans, a press statement said yesterday.
Sheikh Mohammed said: “Through this meeting we wanted to demonstrate to the newly appointed Board of Directors (BoD) what we have achieved in the past years, and what the executive management is planning for the future. Open communication with and continuous support from the BoD to the executive management are key ingredients of successful organisations. We are determined to take full advantage of the expertise of the BoD members to provide support and guidance to the executive management in maintaining sustained growth and the achievement of the best outcomes for shareholders and customers alike”.
He expressed his sincere thanks to the previous members of the board for their contribution to the bank’s achievements to date. He also welcomed the new board members and expressed his belief that they will invest their energy and experience in both supporting future growth plans and business promotion.
Chaired by Steve Troop, CEO of Barwa Bank, the executive management team provided a summary of the structure of the Group and the plan pursued by the executive management to achieve integration between all the components of the Group, including Barwa Bank, The First Investor, the investment banking arm of the Barwa Bank Group, First Finance Company, a leading consumer finance company in Qatar and First Leasing Company, a specialist leasing unit. Troop also spoke about the future plans and the prospects for overall Group expansion.
He added: “One of the many reasons for our success over the past three years has been strong alignment between the management and the BoD, enabling us to take decisions quickly and respond to customer needs efficiently, in turn promoting a very positive relationship. The aim of this meeting is to preserve this formula in order to continue to achieve further growth and value.”
During the meeting, the Chief Executives of First Investor, First Finance and First Leasing and the directors of the various departments at the bank made brief presentations about their department roles and companies covering retail banking, corporate banking and other banking services for small and medium enterprises.
The Peninsula
