Doha Bank to expand operation in India

Doha Bank presently has three branches in India, two in Mumbai and one in Kochi. The bank also plans to relocate one of the two branches in
Mumbai to some other city in India.

Discussing about their plans to set up a branch in Kolkata at an event organised by at The Bengal Chamber, R Seetharaman, CEO, Doha Bank
said: “We are exploring the opportunities here in West Bengal. Kolkata is a place which has not much been explored by other Gulf banks. We
have plans to extend our service to West Bengal because it has substantial presence of small and medium- sized enterprises.”

Apart from having branches in Qatar and GCC (Gulf Cooperation Council) countries the bank has representative offices in China, Canada,
Turkey, Singapore, Germany, Japan, United Kingdom, South Korea, South Africa and Australia.

Doha Bank presently has made a direct lending to the tune of $2 billion in the Indian market and expects the figure to get doubled to $5 billion in the next three years.

 “India is sustainable performer. The Indian economy is growing day by day and hence the bilateral trade and investment between India and the
Gulf Cooperation Council is also expected to grow in future. The Indian SMEs here can even set up their business in Qatar and other GCC
countries by availing cheap credits from Doha Bank, 87 percent of our lending is guaranteed by the Qatar government “ Seetharaman added.

Doha Bank has entered into an agreement with SMEs in Maharashtra, the bank is also expected to interact with Bengal based SMEs jointly with
the Bengal Chamber.

(Reporting by Adit Majumder)