DOHA: Al Khalij Commercial Bank (al khaliji) QSC has been awarded the “Best Operational Bank Qatar 2014” by the Global Financial Market Review (GFMR), one of the worlds’ leading global banking and finance online publications.
al khaliji ICT team has worked in collaboration with various development companies and stakeholders across the bank to replace al khaliji core banking system with T24 in just 15 months. Accordingly, through a unified system platform, the bank was able to efficiently improve its personal and commercial banking and treasury operations, trade finance, customer relationship management and business intelligence functions.
Hesham EzzEldin (pictured), Acting Group CEO at al khaliji, commented, “We are very proud to have won this prestigious award from Global Financial Market Review, and we are especially pleased to be nominated as the Best Operational Bank in Qatar. alkhaliji has recently endorsed a new operational system that unifies our core banking platform and eliminate complexity.Our new T24 core banking system was implemented by ‘Temenos’. Recognition from a leading publication such as GFMR further solidifies al khaliji’s position as one of Qatar’s leading and fastest-growing banks”.
In addition to the successful implementation of T24,al khaliji has also deployed ‘Insight’ for business intelligence products and ‘Treasury Trader’, which enables a seamless and transparent flow of information synchronizing front, middle and back office investment banking operations.
The awards selection is based on general criteria, including Transparency, Corporate Governance, Sustainability, Volume of transactions, Innovation, Customer Service. Some of the specific criteria used included Market Capitalization, Earnings per Share, Price/Earnings Ratio, Total Revenues, Net income, Operating Profits, and other elements.
al khaliji is the only Bank in Qatar among the international banking and financial institutions that received the GFMR awards in recognition of the exceptional manner in which these institutions have performed over the last year.