Dubai, May 23, 2017: Doha Bank won the “Best Bank Governance – Qatar 2017” at Capital Finance International (CFI) co Awards 2017 in Second week of May 2017 at London. In recognition of the award, Dr. R. Seetharaman Doha Bank CEO said “The Best Bank Governance award is a recognition for Doha Bank Board for its active involvement in promoting excellence in Corporate Governance.
It 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 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 organization in Qatar and the other cross-border and international locations where the Bank operates. Doha Bank has one of the largest international network among Qatari banks with presence in 16 countries. In particular, the Bank is committed to complying in full with its obligations under the various regulatory regimes applicable to it.
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. 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’s long-term local and foreign currency rating was assessed at A2 / A- / A+ / A+ by Moody’s, S&P, Fitch and Capital Intelligence respectively. 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) which into force from beginning of 2016 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.”