Doha Bank honoured at business excellence awards ceremony

      Published on Tuesday, 1 January , 2019      375 Views     
Doha Bank honoured at business excellence awards ceremony

Doha Bank, one of the largest conventional lenders in Qatar, was honoured at the the third-edition of the ‘Qatar Today Business Excellence Awards’ (QTBEA),

which brought together Qatar’s top businessmen and dignitaries to celebrate the resilience of the country’s economy and to honour those companies who have thrived in this difficult economic climate.

The award ceremony was felicitated for top 10 companies in Qatar Stock Exchange (QSE) with an award as well as certificate in association with Qatar stock exchange & validating partner Deloitte.

Doha Bank clinched the 5th Ranking in the QSE for its performance in 2017 in providing unbeatable value to its shareholders.

This award is in recognition of the Bank’s financial performance and for promoting excellence in Corporate Governance.

Share price growth, dividend yield, liquidity, return on equity and revenue growth were some of the key parameters considered in evaluation for the award.

Khalid Alnaama, Head of Public Sector Unit, Doha Bank, received the award on behalf of the Bank from QSE Marketing & Communications Director Hussain Mohammed Al Abdullah.

Dr R Seetharaman, CEO of Doha Bank, said:

“The Bank is committed to adhering to and promoting good corporate governance at every level within the Bank from the board of directors and senior management down to branch and divisional management and operational employees working throughout the organisation in Qatar and the other cross-border and international locations where the Bank operates which has contributed to its sustainable performance. 

Doha Bank reviews and provide guidance about the alignment of corporate strategy with risk appetite and the internal risk management structure. Doha Bank is recognized as one of the few ‘Domestic Systemically Important Bank’ (DSIB) in Qatar. The Bank has in place a set of formal and rigorous policies designed to promote good corporate governance and prevent, detect and rectify any infringements.”

He added:

“The excellence in Corporate Governance has contributed to sustainable development of Doha Bank. Doha Bank advocates and practices Green Banking, which is one of the core business philosophies that would support the sustainability into the future. Doha Bank has a consistent financial performance in the last one decade. 

“It has also conducted and participated in knowledge sharing events relating to climate change mitigation. Doha Bank also believes in Sustainable Development Goals (SDGs) after adoption of the same at the United Nations Sustainable Development Summit in September 2015. Doha Bank has produced Governance reports and Sustainable development reports consistently for many years. Sustainability is the key for long-term growth.”

Category Business | 2019/01/01 latest update at 2:00 AM
Source : The Peninsula | Photocredit : Google
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