Business & Money | Wednesday 15 March, 2017 9:59 am |

Doha Bank, one of Qatar’s largest private commercial banks, was named the Best Trade Finance Bank in Qatar at the Global Finance Awards 2017. Awarded by the Global Finance magazine, the annual award is considered one of the most prestigious in the banking and finance world, and recognizes leading trade finance providers in 9 regions and 84 countries around the world.

Doha Bank was chosen for the coveted honor based on input from industry analysts, corporate executives and technology experts. In addition, a poll of Global Finance’s readership was conducted in order to increase the accuracy and reliability of the results.

“We are honored to receive this prestigious award,” said Dr. R. Seetharaman, CEO of Doha Bank. “It is a matter of pride for us that Doha Bank was found to excel in all areas of the judging criteria including transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies. This is a testament to the attention we place on ensuring the highest levels of performance excellence across all facets of our business, covering all key customer touch points.”

Doha Bank is a leading provider of Trade Finance services, having offices in the Qatar, Middle East and international markets for more than 33 years. The Bank’s transactions volume exceeded USD 8,824 million in 2016, consisting of Import Letters of Credit, Import Bills, Export Letters of Credit, Bank Guarantees and more.

“Doha Bank has the local and global market expertise, resources and technology to support all Trade Finance-related matters. Our strong presence in Qatar and the GCC is complemented by correspondent banking relationships with more than 750 banks around the world. This distributed network helps us to provide fast and efficient services for all our Trade Finance operations,” Dr. Seetharaman added.

As a bank focused on trade development, Doha Bank is in the process of tying up with global trade insurers and multilateral agencies to offer comprehensive trade cover that shall promote international trade.