Doha: Doha Bank celebrated the fourth Anniversary of its Representative Office in Singapore at the Ritz Carlton Singapore yesterday. As part of its celebration, Doha Bank conducted a knowledge sharing session on “GCC Economies and Growth opportunities”. The event was presided over by Rashid bin Ali Hassan Al Khatar, Ambassador of Qatar, as guest of honour. The Embassy of UAE was represented by its Charge de Affairs Khalifa Saif Ahmed Al Mazrooei; and the Embassy of Kuwait was represented by its First Secretary Nassar Al Qahtani. The top delegates from Ministry of Trade & Industry, government of Singapore and Monetary Authority of Singapore (MAS) also graced the occasion. Apart from the delegates from government and MAS, professionals from leading Corporates; Banks and Financial Institutions also attended this event.

Speaking on the occasion Doha Bank CEO R Seetharaman explained in detail the scheme of events contributing to the global recovery and the risks prevailing, the economic outlook of the world economies in consideration of the ongoing crisis.

He stated that “Private credit demand is rebounding and Bank’s credit continues to be weak. Rapid improvements in emerging market assets have started to give rise to concerns that capital inflows could lead to inflationary pressure or asset price bubbles. To maintain momentum in the reduction of systemic risks, and to prepare for exits from extraordinary policy support, further action is required of policymakers in several key areas such as careful management of Sovereign risks, de-leveraging process is smooth and results in a safer, competitive and vital financial system and policies may needed to ensure adequate flows of credit to the private sector. Risk of over-regulation should also need to be assessed carefully. The sovereign risks prevail mainly at the Euro zone. The recent European stress tests had also reflected weakness in Seven banks, which will plan to resolve this weakness” [Read More]