Doha Bank enters in Agreement with Akbank for Remittance to Turkey

Akbank

Doha Bank entered into an agreement with Akbank, the one of the largest private sector bank in Turkey, for remittance of funds from Qatar to Turkey.

The signing ceremony was held in presence of His Excellency H. Emre Ynut, the Turkish Ambassador to Qatar. The agreement was signed by Mr R Seetharaman, Group CEO of Doha Bank and Mr Ziya Akkurt, CEO of Akbank.

Akbank, the second largest private bank has more than 900 branches in the network and has the ability to transfer the funds quickly and serve the customers efficiently.

Doha Bank’s customers will be able to transfer money online from Doha Bank Account to their account with any branch of Akbank in Turkey. Turkish customers in Doha will also be able to remit funds to beneficiaries having accounts with any other bank in Turkey. The beneficiaries can collect cash from any branch of Akbank. The Similar services for corporate customers is also under consideration.

Mr. R Seetharaman, Group Chief Executive Officer, Doha Bank said: “The tie-up with Akbank will provide an opportunity to extend our services to Turkish community in Qatar by meeting their banking and remittance requirements. We are committed to serving our customers in every possible manner and provide them a seamless banking experience as Doha Bank is a house hold name among our customers who live and work in Qatar.”

Speaking on the tie-up, Mr. Ziya Akkurt, Chief Executive Officer of Akbank said: “This association with Doha Bank is a commitment of the bank towards providing a cost effective services to Turkish nationals who live in Qatar. The arrangement will enable us to provide our customers convenient and secure services by expanding our remittance network from GCC Countries to Turkey.”

Mr R Ganesan, Executive Manager – International Banking, highlighted that this arrangement is very convenient and cost effective for Turkish nationals to remit their funds to home country. It offers online transfer of money in Turkish Lira from Qatar to Turkey. Going forward Doha bank will also provide similar arrangements from its branches in Dubai and Kuwait. He added that Doha Bank also offers remittances services to Middle East countries like Oman, Lebanon, Jordan, Egypt, Yemen and also other Asian countries like Philippines, Indonesia, India, Nepal, Bangladesh, Sri Lanka and Pakistan.