Doha Bank is one of the largest banks in Qatar having a dominant position in Qatar banking landscape. In the span of twenty seven years since its inception, it has grown many fold in size and reach with 31 branches including e-branches, 4 pay offices, Dubai rep office, New york operations, ATM network with more than 80 ATMs in Qatar and an extremely strong network of correspondent banking relationship. As the best performing bank in the region, Doha bank has achieved a record breaking 114% profit growth during 2005, after consistently achieving more than 70% profit growth during previous three years. The share capital has grown organically to QR 1.248 Billion and Shareholder’s equity now stands at QR 2.5 Billions. This has been an exciting journey full of challenges, commitment and team work to build an institution of international standards. During this journey Doha Bank has achieved many “firsts” to its credit, while consolidating its position as an important entity in Qatar financial sector.
Doha bank provides comprehensive range of banking services for different customer segments, unmatched in Qatar. In Retail Banking segment, it has innovative loan product portfolio for all conceivable personal needs of individuals requiring financing support namely personal, auto, housing, marriage, education, Haj, computer at extremely attractive terms. Doha bank offers “free for Life credit card” with attractive prize schemes, low interest rates and convenient payment terms making it the most attractive credit card in the market. It has extremely popular deposit schemes named Al-Dana Savings and AL-Jana fixed deposit with attractive prizes. Its various innovative products like Q-pack, Ladies package, Ladies investment scheme, infovest, Wealth Management services, India Equity services, Welcome package for new expatriates, DBank product suite are very popular in the market. Doha Bank instant e-remittance service to various countries provides customers a unique facility to transfer funds instantaneously. The comprehensive range of Bancassurance products for individuals(motor, home, travel, medical), group (life, medical, credit shield), Islamic takaful, and risk cover for all types of commercial requirement of corporate entities (e.g. energy, construction, shipping, warehouses etc.) are extremely popular.
Doha Islamic, the Islamic banking unit of Doha Bank caters to Islamic banking segment with comprehensive set of products. The product basket consisting of murabaha, Istisna, Iqra, Ijarat manafea, Ijara Mintahia Bit-Tamleek addresses each stage of an individual life cycle such as education, consumer goods, haj, managing and settling debts and so on. Similarly for corporate there are products to support at different stages.
Doha Bank has always been a trendsetter in deploying consumer centric technology and new delivery channels such as SMS Banking, Bank-on-Wheel, Bilingual website, state of art ATMs, Heavy duty cash deposit machines, on line internet banking, e-bank. It has introduced Dbank product suites, consisting of a variety of electronic banking services, operating at 24X7 basis. In line with booming economy Qatar is witnessing, Doha Bank has expanded its corporate services to provide corporate finance and project finance advisory services to both the private and public sectors in Qatar in various financial specialties such as mergers and acquisitions, IPOs, valuations, privatization work, financial restructuring, etc. Doha Bank has a strong Treasury and investment division offering various forex and investment services. An area of high focus is the high net worth segment and institutional investment. The investment services have been considerably augmented with collaboration with leading international institutions in financial specialties, such as ING.
As BS7799 compliant institution, Doha Bank demonstrates its commitment for international standard secure banking environment. With ISO 9001:2000 certified processing centers, Doha Bank testifies its commitment to follow international best practices and standards. Doha bank has been applauded by respected financial sector analysts for its pioneering and leadership role in taking Banking experience in Qatar to new heights. Banker Middle East has adjudged Doha Bank as the “Best Bank in Middle East - 2006”. In addition, Doha Bank has also bagged the Euromoney award for excellence 2005, Banker Middle East award as the “Best commercial Bank in Middle East - 2005” and The Banker Financial Times award as “Banker of Year for Qatar for 2003 and 2004.
Indeed, performance, innovation, security and quality are the Hallmark of Doha Bank.
