Doha Bank head gets ‘Best Banking Chairman’ award
10 Aug 2014 - 0:00
DOHA: Sheikh Fahad bin Mohammad bin Jabor Al Thani (pictured), Chairman of Doha Bank Board of Directors has been honored with the “Best Banking Chairman Qatar” award at the Global Banking and Finance Review Awards 2014.
The Global Banking and Finance Award recognises business organisations and the leaders at their helms, for adopting a holistic approach to building and sustaining both business excellence and developing human resources — cultivating excellence as a united, sustained effort and innovation as a natural work style. The award highlights the recognition of being a corporate leader who has continuously channelised energies to create outstanding work environment for Doha Bank which promotes commitment, reinforces best business practices and consistently sharpens the skill-sets of its employees to ensure the optimum utilisation of both human resource potential as well as opportunity capital.
Under the strategic vision of Sheikh Fahad, Doha Bank has established a dominant position in the GCC banking landscape and is one of the largest banks in Qatar. It is focused on being a ‘one stop shop’ financial service provider. It has successfully established a strong global footprint in 14 countries with full-fledged branches in Dubai, Abu Dhabi and Kuwait and representative offices in Australia, Canada, China, Germany, Hong Kong, Japan, Sharjah, Singapore, South Korea, Turkey, and the United Kingdom. The bank has obtained the approval for opening a full-fledged branch in India.
Doha Bank has leveraged on the agile technology solutions including digitisation by integrating multiple touch points in order to deliver value beyond the traditional brick and mortar banking model.
Doha Bank is a pioneer in ‘Green Banking’ across the GCC and has reached out to the larger community through its long standing Corporate Social Responsibility initiatives. Over the years, the bank has exhibited sustainable growth on various fronts including total asset growth, loan growth, deposit growth and shareholder’s equity growth. Doha Bank has been consistently achieving one of the best returns on average equity and return on average assets amongst banks in the Middle East region over the years with the return on average equity standing at 16.5 percent and return on average assets of 2.3 percent as of the end of the first half of 2014.