According to IMF Oct 2016, Qatar’s economic growth is expected to grow by 2.63 percent in 2016. Qatar has budgeted for revenues of 156 billion riyals and expenditures of 202.5 billion riyals in 2016. Health, education and infrastructure accounted for the largest share of the 2016 budget, at 91.9 billion riyals. 25% of total expenditure allocated to infrastructure projects. Major infrastructure expenditures, which totalled 50.6 billion riyals would include railways, the new Doha port, several large roadways and the expansion of electricity, water and sewage networks.
Doha Bank was recently awarded as the ‘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 , ‘Best Regional Commercial Bank’ at the Banker Middle East Industry Awards 2017 for the fifth consecutive year, ‘3G Environmental Responsibility Award’ at the Global Good Governance Awards 2017, ‘Most Innovative Bank in the Middle East’ and ‘Best Local Bank in Qatar’ at the EMEA Finance Middle East Banking Awards, ‘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 25.21 billion(Q2 2017)
- Loan Portfolio: USD 16.26 billion(Q2 2017)
- Deposit Portfolio: USD 15.38 billion(Q2 2017)