Doha Bank To Present Business Opportunities to Korean Firms

Doha Bank, the third-largest lender in Qatar, will be presenting business opportunities created by the country’s hosting of the 2022 FIFA World Cup to South Korean financial firms and builders.

Doha Bank is hosting a seminar in Seoul for Korean firms interested in investing in the Persian Gulf region, according to Doha officials.

The officials said there will be business opportunities for Korean financial institutions and construction firms to build sports stadiums, transportation networks and hotels as the Qatari government prepares to host the 2022 FIFA World Cup.

Doha Bank has four business groups – wholesale banking, retail banking, international banking and treasury & investments. Qatar Holding, a subsidiary under Qatar’s sovereign fund Qatar Investment Authority, is the largest shareholder of Doha Bank with a 16.7 percent stake.

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The seminar runs at Lotte Hotel Seoul in central Seoul on Feb. 16 at 6:30 p.m. where Dohan Bank Group CEO Raghavan Seetharaman and Doha Seoul Office’s Chief Representative Kwak Young-joon will attend.

Doha Bank Posts Net Profit Decline in Q4

Meanwhile, Doha Bank reported an 84.8% decline in Q4 net profit based on calculations made by Reuters.

According to a Reuters report, the bank earned a net profit of 35 million riyals ($9.61 million) in the three months to Dec. 31 against 231.4 million riyals in the same period of the previous year. –