According to IMF Oct 2017 Qatar’s economic growth was revised to 3.1% in 2018 from its earlier April 2017 forecast of 2.84%. Qatar will raise LNG production by 30% to 100 mtpa within five to seven years after lifting a moratorium on gas development earlier in 2017. Qatar is ranked 18th in ‘the Global Competitiveness Report 2016-17’ and stands second in the region. A new law for Public Private Partnership (PPP) businesses in Qatar should provide an additional level of comfort to the private sector and foreign investors. Overall Qatar’s growth is sustainable.
Doha Bank was recently awarded as the ‘Best Regional Commercial Bank’ at the Banker Middle East Industry Awards 2017 for the fifth consecutive year in a row, ‘Best Local Bank in Qatar and Most Innovative Bank in the Middle East at the EMEA Finance Middle East Banking Awards 2017, ‘Qatar Domestic Trade Finance Bank of the Year’ & ‘Qatar Domestic Project Finance Bank of the Year at the Asian Banking & Finance Awards 2017, ‘Best Bank Governance – Qatar’ at the Capital Finance International Awards 2017 , ‘3G Environmental Responsibility Award’ at the Global Good Governance Awards 2017, ‘Best Trade Finance Bank in Qatar’ at Global Finance Awards 2017. In 2016, recently, Doha Bank was honored with ‘Best Commercial Bank in Qatar – 2016’ at International Finance Magazine Awards Doha Bank also won the Product of the Year in Middle East 2016 for Doha Bank’s Mobile Banking Experience from ‘The Asian Banker’ in recognition of the superior service offered through the mobile banking application. Additionally, Doha Bank received various other awards such as ‘Bank of the Year Award’ by the ITP Group, ‘Environmental Award’ by The Arab Organization for Social Responsibility, ‘Best GCC Bank with Overseas Network’ & ‘Best Commercial Bank Middle East’ by Global Banking and Finance Review, ‘Best Web/Mobile Banking Services’, ‘Best Savings Account’, ‘Best Co-branded Card’ & ‘Best Forex’ by The Banker Middle East, ‘The Golden Peacock Global Excellence in Corporate Governance 2015’ by Institute of Directors, ‘Best Bank in Qatar’ by IAIR, ‘Best Commercial Bank in the Middle East 2014’ by Global Banking & Finance, ‘Best Regional Commercial Bank’ at The Banker Middle East Industry Awards, ‘The Bizz 2014 – Beyond Success’ award by the WORLDCOB, ‘Retail Bank of the Year’ at Enterprise Agility Awards, ‘Best Retail Bank in Qatar’ by The Asian Banker, ‘Best SME Customer Service’, ‘Best SME Card’, ‘Best Trade Finance Offering’, ‘Best Corporate Account’ and ‘Best Home Finance Account’ at The Banker Middle East Product Awards etc.
- Total Assets: USD 25.68 billion(December 2017)
- Loan Portfolio: USD 16.42 billion(December 2017)
- Deposit Portfolio: USD 16.33 billion(December 2017)