Member access

4-Traders Homepage  >  Shares  >  DOHA SECURITIES MARKET  >  Doha Bank (Q.S.C)    DHBK   QA0006929770

DOHA BANK (Q.S.C) (DHBK)

10
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Doha Bank (Q.S.C) : Doha Bank enters in agreement with Indiabulls for NRI Home Loans

10/03/2012 | 02:05am US/Eastern
Recommend:
0

Doha Bank enters in agreement with Indiabulls for NRI Home Loans



Doha Bank entered into an agreement with Indiabulls Group for offering of Mortgage Loans to NRI customers for acquiring properties in India. The signing ceremony held at Doha Bank Head Office at West Bay. The agreement was signed by Mr R Seetharaman, Group CEO of Doha Bank and Mr Ajit Mittal, Group Executive Director of Indiabulls.

Indiabulls Group is one of leading business houses in India in the areas of Housing Finance, Real Estate and Infrastructure development. Indiabulls Housing Finance Company has its presence through 180 branches in 100 cities across India



Doha Bank's NRI customers will be able to seek Mortgage Loans from Indiabulls to acquire properties in India. This is a unique arrangement to serve NRI customer for their property needs back home.

Mr. R Seetharaman, Group Chief Executive Officer, Doha Bank said: "The tie-up with Indiabulls will provide an opportunity to Doha Bank NRI customers to approach for Housing Loans to purchase property in India. We are committed to serving our customers in every possible manner and provide them one more financing product experience, as Doha Bank is only bank in Qatar to have such arrangements for its NRI customers"

Commenting on the alliance of Indiabulls with Doha Bank, Mr. Ajit Mittal - Group Executive Director, Indiabulls Group, said, "Partnership with Doha Bank marks an important milestone in Indiabulls' quest for a global footprint. GCC in general and Qatar, Kuwait, and UAE in particular. We are very proud to have partnered with Doha Bank, which is one of the largest retail banks in Qatar - we would serve the growing demand from expatriate Indians for home loans and property acquisition. Our housing projects have evoked a tremendous interest among the NRI community."

The Executive Vice President of Indiabulls Group, Mr. Kubeir Khera was also present on the occasion. He said, "Our constant innovations are changing the skyline of Indian cities. Our financial products are helping people realize their dreams. We are glad to be getting associated with Doha Bank"

Mr Chris Fellner, Head of International Banking, Doha Bank, highlighted that this arrangement will provide convenience to NRI customers to get hassle free Housing Loans to acquire properties in their home country, going forward Doha Bank will also expand these offering through its branches in UAE and Kuwait. He added that Doha Bank also offers remittances to India as Instant credit, the NRI customers can directly transfer money to India from their Doha Bank Account.



distributed by
Recommend :
0
React to this article
Latest news on DOHA BANK (Q.S.C)
5d ago DOHA BANK Q S C : announces winners of Vodafone bill payment promotion
6d ago DOHA BANK Q S C : Enterprise Qatar Signs Partnership Agreement with Doha Bank to..
07/19 DOHA BANK Q S C : : achieves 5 per cent profit growth
07/17 DOHA BANK Q S C : Discloses the reviewd semi annual financial statements
07/17 DOHA BANK Q S C : achieves 5% Profit Growth with Impressive Ratios
07/16 DOHA BANK Q S C : : is best domestic retail bank
07/15 DOHA BANK Q S C : named “The Best Domestic Retail Bank in Qatar” and..
07/13 DOHA BANK Q S C : GCC – Singapore FTA will further Enhances Synergistic Op..
07/02 DOHA BANK Q S C : : CEO receives PhD in Global Governance
06/30 DOHA BANK Q S C : Renaissance Hotel hosts Ramadan tent for third year
Advertisement
Chart
Duration : Period :
Doha Bank (Q.S.C) Technical Analysis Chart | DHBK | QA0006929770 | 4-Traders
Income Statement Evolution
Doha Bank (Q.S.C) : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF