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Posted On: 2 June 2015 08:42 am
Updated On: 12 November 2020 01:53 pm

Barwa Bank earns triple recognition at Banker Middle East Industry Awards 2015

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- Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, was recognised with three accolades at the Banker Middle East Industry Awards 2015 as Best Corporate Bank, Best Retail Bank and Fastest Growing Bank in Qatar. The results were announced in a ceremony held on May 27 at Dubai’s Jumeirah Emirates Towers. Hesham Ishaq Hashem, Relationship Manager, Corporate Banking and Menaif Salmeen Al-Jabri, Head of Branches attended on behalf of the bank.

The show is organised by CPI Financial, the publisher of the well-reputed Banker Middle East magazine, awarding financial institutions and banks that deliver on innovation, fiscal results and business growth across categories including retail, corporate, investment banking, private banking, asset management and fund management. Results are compiled based on a peer-vote process that reflects industry-wide recognition for winners.

Commenting on the award, Barwa Bank said in a statement:

The Banker Middle East Industry Awards have anchored benchmark standards for the regional banking industry in innovation, performance and growth. To be able to uphold our position as best corporate, retail and fastest growing bank in Qatar is a clear reflection of our consistency and progress in consolidating our strategy, integrating our offering and aligning our resources and investments for collective growth across all our verticals. As a result, we are growing as a Group and across all our disciplines and arms.”

Barwa Bank’s performance in 2014 culminated in double-digit figures, ranking it as the fastest growing bank in net income; by end of 2014, the bank’s profit rose by 41.5 percent to 713 million QAR, its total assets by 14 percent to 38 billion QAR, and its financing portfolio by 19 percent to 23 billion QAR compared with the previous year. The year 2014 also saw the opening of Barwa Bank’s representative office in the Dubai International Financial Centre (DIFC).