Doha Bank focused on redefining asset allocation model: Seetharaman

Doha Bank focused on redefining asset allocation model: Seetharaman:

Doha Bank is now focused on redefining its asset allocation model, derisking the bank, and improving asset quality ratios including provision coverage, CEO Dr R Seetharaman has said.

“We have done a prudential approach, wherein 95% of my books have already been provided. And nearly 70% of the books for Kuwait has been provided in terms of loan-loss provisions. Nearly 95% of Doha Bank’s outstanding books is in Qatar. That’s part of our derisking exercise and is manageable,” Seetharaman said in an interview with Gulf Times in Doha.

“If Qatar is doing well, we will do well. Our cross-border risks are being minimised. In India, we are operating with the capital that has been designated. And we have had no bad experience in India,” the Doha Bank CEO pointed out.