Latest news with #TribuneNewsNetworkDohaDohaBank
Qatar Tribune
14-07-2025
- Business
- Qatar Tribune
Doha Bank net profit rises 8.1% to QR467 million in H1 of 2025
Tribune News Network Doha Doha Bank has reported strong financial performance for the first half of 2025, posting a net profit of QR467 million for the six-month period ending June 30, 2025. This reflects a solid 8.1 percent increase compared to the same period in 2024, demonstrating the bank's sustained profitability and effective implementation of its strategic growth initiatives. Announcing the results, Doha Bank Chairman Sheikh Fahad Bin Mohammad Bin Jabor Al Thani stated that the bank's total assets stood at QR123 billion as of June 30, 2025. This represents a notable growth of QR17.2 billion, or 16.2 percent, from QR105.9 billion recorded a year earlier. Net loans and advances rose modestly to QR60 billion, reflecting an increase of QR1 billion or 1.7 percent year-on-year. On the deposit side, customer deposits slightly declined to QR50.9 billion compared to QR51.6 billion during the same period last year, showing a marginal decrease of 1.2 percent. Despite this, the bank maintained a robust liquidity position, underpinned by its prudent financial management. Doha Bank Managing Director Sheikh Abdul Rahman bin Mohammad bin Jabor Al Thani highlighted the bank's strong capital and liquidity metrics, noting that Doha Bank's Common Equity Tier 1 (CET1) ratio stood at 13.13 percent while the total capital adequacy ratio remained robust at 19.19 percent. The loan-to-deposit ratio was recorded at 90.80 percent, comfortably within the limits set by regulatory authorities. He further pointed out that the bank's liquidity coverage ratio saw a substantial improvement, rising to 350.7 percent compared to 168 percent at the end of 2024. Total shareholders' equity reached QR14.9 billion, marking a 1.6 percent increase year-on-year, further reflecting the bank's stable financial base and resilience. Doha Bank Group Chief Executive Officer Abdulrahman bin Fahad Bin Faisal Al Thani emphasised a landmark achievement in the bank's funding strategy during the second quarter. He revealed that Doha Bank successfully completed its debut Euro-denominated syndicated term loan, securing EUR 500 million for a three-year tenure. This transaction marked the bank's first entry into the Euro loan market and was a significant milestone in its efforts to diversify funding sources and broaden its currency base. Notably, 56 percent of the participating lenders were new to Doha Bank, underscoring the rising global investor confidence in the bank's credit profile. The CEO stated that this success reflects the bank's ongoing commitment to expanding liquidity access across regions and financial instruments as part of its transformation roadmap. The first half of 2025 also saw Doha Bank making significant strides under its Himma Transformation initiative. The bank's progress was recognised with the reaffirmation of its credit ratings by two leading international agencies. Fitch Ratings reaffirmed its long-term rating at 'A', while Moody's Investor Services maintained its rating at 'A3'. These affirmations reflect Doha Bank's improving fundamentals, prudent risk management framework, and strengthened financial standing. During the second quarter of the year, the bank formed a strategic partnership with global investment firm Blackstone to offer private capital strategies tailored to Qatari investors, especially institutional and high-net-worth clients. In parallel, Doha Bank enhanced its digital capabilities by upgrading its Corporate Mobile App, offering business clients an improved and more intuitive digital banking experience. The bank also focused on enriching its value proposition for premium clients through a collaboration with Ox Fitness Lab, which now provides exclusive access to elite fitness studios. Investor confidence in the bank continued to strengthen during the second quarter. A leading private-sector investor joined the bank's shareholder base, signaling a strong endorsement of Doha Bank's long-term strategy and growth outlook. Further cementing its shareholder engagement, the board of directors approved a proposal on April 20, 2025, to repurchase up to 10 percent of fully paid-up shares, subject to regulatory approvals. This move is intended to enhance shareholder value and reflects the bank's confidence in its capital position. Doha Bank's performance and innovation were also recognized at several international award platforms. The bank was named 'Best Bank for Homeowners' at the 2025 Euromoney Awards for Excellence, a testament to its outstanding mortgage offerings and customer service. It also won 'Best Corporate Banking App – Qatar' at the 2025 Global Banking & Finance Awards and was declared 'Best Bank – Qatar 2025' at the MEED Corporate & Investment Banking Awards. These accolades are a reflection of the bank's excellence in retail and corporate banking, digital innovation, and client-centricapproach. Commenting on the half-year performance, Abdulrahman Bin Fahad Bin Faisal Al Thani said that the reaffirmation of credit ratings and the success of the syndicated Euro loan are strong endorsements of the bank's strategic direction and transformation efforts. He reiterated that Doha Bank remains committed to sustainable growth, consistent value creation for shareholders, and contributing meaningfully to Qatar's long-termeconomic vision. With a solid financial foundation, growing international investor confidence, and a focus on innovation and client engagement, Doha Bank is well-positioned to sustain its positive momentum in the second halfof 2025.
Qatar Tribune
13-07-2025
- Business
- Qatar Tribune
Doha Bank launches API banking product for seamless corporate banking
Tribune News Network Doha Doha Bank is proud to unveil its new API banking product, tailored to streamline and enhance the banking experience for corporate clients. Doha Bank is one of the first in Qatar to launch Open Banking services for transactional and reconciliation services. In line with its commitment to innovation and digital transformation, this state-of-the-art offering features transaction processing, transactional status updates, and reconciliation reporting APIs, providing businesses with seamless connectivity to the core banking system. The API banking product enables corporate clients to securely transmit transaction data from their Enterprise Resource Planning (ERP) systems to Doha Bank's core banking system for efficient processing. Through the same integration, clients receive real-time updates on transaction statuses, ensuring they remain informed and in control of their operations. Additionally, the solution automates reconciliation processes by delivering detailed reports such as MT940 directly to ERP systems, reducing manual intervention and improving accuracy. Commenting on the launch, Doha Bank Group Chief Executive Officer Sheikh Abdulrahman bin Fahad bin Faisal Al Thani said, 'The introduction of our API Banking product represents a pivotal milestone in Doha Bank's digitalisation journey. This innovative solution empowers our corporate clients with secure, efficient, and always-on access to our banking services, reinforcing our position as a leader in financial technology and corporate banking.' Doha Bank's API Banking product offers businesses an advanced, end-to-end encrypted solution that ensures security, efficiency, and continuous connectivity. It is designed to enhance corporate banking operations and aligns with the Bank's broader mission to leverage digital innovation to elevate client experiences while supporting Qatar's vision for technological advancement.
Qatar Tribune
09-07-2025
- Business
- Qatar Tribune
Doha Bank wins ‘Best Bank in Qatar' at MEED MENA Banking Excellence Awards
Tribune News Network Doha Doha Bank has been awarded the title of 'Best Bank in Qatar' at the MEED MENA Banking Excellence – Corporate & Investment Awards 2025', a prestigious recognition of the bank's outstanding achievements in innovation, strategic growth, and customer-focused banking aligned with Qatar's National Vision. The award, presented by MEED, one of the region's leading financial intelligence platforms, celebrates outstanding performance and resilience in the Middle East's banking sector. Doha Bank's win follows a strong year of growth, underpinned by its progress in digital transformation, product innovation, and responsible financial practices. Doha Bank Group Chief Executive Officer Sheikh Abdulrahman bin Fahad bin Faisal Al Thani said, 'Being named Qatar's Best Bank is a proud milestone and a reflection of the trust our clients and partners place in us. It affirms the strength of our strategy, our commitment to delivering measurable impact, and the efforts of our teams who consistently go beyond expectations. We remain focused on driving sustainable growth while supporting the goals of Qatar National Vision 2030.' Doha Bank Deputy Chief Executive Officer Dimitrios Kokosioulis said, 'This recognition from MEED validates our progress across all areas of the Bank, from digital innovation to client service, financial resilience, and responsible banking. It is the result of rigorous execution and a forward-thinking mindset that puts customers at the centre of every decision we make. We are honoured and energised to build on this momentum.' The award underscores the effectiveness of Doha Bank's corporate strategy, which is rooted in sustainable growth, digital enablement, and a strong focus on client needs. The bank continues to deliver value to stakeholders through secure, innovative, and forward-looking financial solutions. This latest accolade adds to Doha Bank's growing list of industry recognitions, including 'Best in Transformation in Qatar', 'Excellence in Digital Banking', and 'Market Leader in CSR' in 2024. The bank has also expanded its digital footprint through award-winning platforms such as the Tadbeer Corporate Mobile Banking App and secure payment services like Fawran – Request to Pay. Doha Bank's recognition by MEED reinforces its position as a trusted financial partner in Qatar and across the region and supports its vision of becoming the bank of choice in Qatar, aligned with the goals of Qatar National Vision 2030.
Qatar Tribune
30-06-2025
- Business
- Qatar Tribune
Doha Bank migrates credit card portfolio to Mastercard
Tribune News Network Doha Doha Bank, one of Qatar's leading banking institutions, has announced the migration of its credit card portfolio to Mastercard. The step aims to refine the cardholders' experience with premium benefits, privileges and offers by a wide network of globally renowned partners and alliances in travel, hospitality, entertainment and more. These benefits are accompanied by state of-the-art digital solutions that enhance both local and international payments in terms of speed and security. Doha Bank Group CEO Sheikh Abdulrahman bin Fahad bin Faisal Al Thani said, 'At Doha Bank, we are committed to continuing upgrading the value proposition to our esteemed customers by introducing innovative products and services that meet their evolving needs and expectations. We capitalize on our global partnerships to achieve this objective, which comprises a pillar of ourstrategic transformation vision.' Mastercard Country Manager for Qatar and Kuwait Erdem Cakar said, 'Mastercard and Doha Bank share a dedication to bringing to life seamless and secure payment solutions that make people's lives more convenient and rewarding. We are delighted to strengthen our long-term strategic collaboration to expand access to our global payments network and priceless experiences for the bank's customers.' Doha Bank Mastercard cards offer a broad range of valuable benefits on local and international purchases. These include Doha Miles points, concierge services, lounge access at over 1,200 airports worldwide, airport transfers in numerous international destinations, access to Oryx Lounges at Hamad International Airport, special offers at many of the world's most luxurious hotels and discounts on entertainment activities. Doha Bank also provides premium investment benefits to private banking customers in collaboration with Bloomberg.
Qatar Tribune
17-06-2025
- Business
- Qatar Tribune
Doha Bank wins ‘Best Corporate Banking App Qatar 2025' at Global Banking & Finance Awards
Tribune News Network Doha Doha Bank has been named the winner of the Best Corporate Banking App –Qatar 2025 by the Global Banking and Finance Awards, in recognition of its cutting-edge Tadbeer Corporate Mobile Banking App. The accolade reflects Doha Bank's unwavering commitment to innovation, digitalisation, and exceptional client service in the corporate banking space. The Tadbeer app is a next-generation mobile solution designed specifically for businesses, enabling real-time account management, approval of payments, access to corporate credit cards, and seamless execution of local and international fund transfers. Through intuitive design, advanced security features, and flexible access from both mobile and tablet devices, the app empowers corporate clients to take control of their finances anytime, anywhere. Doha Bank Group Chief Executive Officer Sheikh Abdulrahman bin Fahad bin Faisal Al Thani said, 'Receiving this prestigious award attests to the soundness of our strategy of delivering corporate banking solutions that combine innovation with practicality. Tadbeer Mobile is a testament to our efforts to enhance customer experience through secure, responsive, and accessible digital services tailored to the dynamic needs of businesses in Qatar and beyond.' Doha Bank Deputy Chief Executive Officer Dimitrios Kokosioulis said, 'The development of Tadbeer Mobile reflects our deep understanding of our clients' priorities —speed, control, and security. We are proud to deliver a solution that helps businesses manage complexity with simplicity, while staying ahead of digital trends shaping the future of corporate banking.' The award reflects the advancement Doha Bank has achieved in its ongoing digital transformation journey. As part of its broader vision to become the bank of choice in Qatar, Doha Bank has consistently introduced industry-leading fintech features, including multi-factor authentication, secure foreign exchange rate inquiries, and dynamic dashboards, all within a mobile-firstenvironment. The recognition by Global Banking and Finance Review reflects the app's exceptional performance and the bank's role in accelerating Qatar's adoption of digital financial services in alignment with Qatar National Vision 2030.
