(MENAFN- The Peninsula) Doha Bank won the "Best Bank in Qatar" and its CEO Dr R Seetharaman won "Man of the Year" awards at IAIR Awards 2014 held in Dubai recently. Seetharaman received the awards from Guido Giommi, President IAIR Group.
"The "Best Bank in Qatar" award is a recognition for Doha Bank in its contribution to sustainable development," said Seetharaman.
Doha Bank has maintained a consistent track record on its financial performance in the last one decade as part of its sustainable development philosophy. The Bank has maintained a strong growth trajectory, including total asset growth, loan growth, and deposit growth year-on-year. Doha Bank has also achieved one of the best returns on average equity and return on average assets among the banks in the Middle East region over the last decade," he said.
Sustainable development involves contribution towards economic growth, social development and environment. The mission should aim for Poverty eradication, environmental sustainability, sustainable consumption and production. Some of the key challenges in sustainable development include climate change, energy security and increase in natural and man-made disasters. At the G20 meeting in November 2014 US made a commitment of $3bn towards Green climate fund and Japan pledged it would contribute $1.5bn to the climate fund.
Seetharaman said Doha Bank advocates and practices Green Banking, which is one of the core business philosophies that would support the sustainability into the future. "We have ECO-Schools Programme which works with educational institutions to build awareness of key environmental issues. We have launched Green Credit Card. Green Accounts are Doha Bank's answer to a proactive approach on eco-friendly banking towards its drive for a cleaner and greener environment by promoting the concept of "Paperless Banking.
Internet banking, SMS banking, telephone banking, e- remittances and bills payments through online also encourage eco-friendly banking," he said.
Doha Bank also conducted Green Quiz and seminars on Global warming and climatic changes to spread environmental awareness in various countries. Doha Bank has hosted Green fun run and support tree planting activity to generate awareness of environmental preservation and protecting the natural environment. Doha Bank has also provided funding for district cooling facilities."
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