Qatar made a presentation in Chennai on its global operations and on its plans to open its first branch in Mumbai later this year.
Beginning its operations in 1978, the bank has been expanding rapidly its international operations since 2005. Ganesan Ramakrishnan, acting Head of International Banking, referred to the bank having intensive coverage in Gulf countries; it has been setting up branches and representative offices in leading financial centres in London, Frankfurt, Singapore, Hong Kong, Seoul, Tokyo, and Sydney to name a few.
Group Chief Executive Officer Dr R Seetharaman referred to the rapid increase in the assets, deposits, advances and profits of the bank recorded in recent years. At the end of December 2013, total assets of the bank stood at $ 18,391 million; net loans and advances at $ 11,289 million; total deposits at $ 11,677 million; net profit for the year 2013 was $ 306 million on a paid-up equity of $ 3095 million. Doha Bank operates in one of the fastest growing and richest regions in the world with well-entrenched domestic network (of 31 branches) and leading retail banking branches.
Ramakrishnan pointed to the high ratings enjoyed by the bank and the several welfare schemes sponsored by the bank as part of its CSR initiative. Several of the schemes like zero per cent financing over six months, transfer of loans at zero per cent interest, car loan solutions at competitive rates, summer cash back promotions on credit cards and enhanced savings for cardholders were the result of successful campaigns.
Seetharaman endeavours to maintain close connect with his staff and customers by providing access through regular conversations every month. The staff connect with CEO is held every month to increase engagement with staff at all levels. Likewise, the monthly live customer connect sessions helps reinvigorate their relationship with the bank.