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Qatar's Doha Bank to open office in Seoul in September

SEOUL, Jul 28, 2008 (Asia In Focus via COMTEX) --

The DOHA BANK is a small lender based in Qatar, but it was ready to play a "gateway" role in helping South Korean companies trying to expand their presence in the oil-rich Middle East market, its chief executive said. Raghavan Seetharaman, CEO of Qatar's third-largest lender, was in Seoul last week to prepare to open a representative office in Seoul in October.

* It is the bank's first move to secure its foothold in the world's 13th-largest economy.

* The Doha Bank, Seetharaman said, would be particularly helpful for South Korean builders and other companies wanting to expand their business in Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Oman and Kuwait which are members of the Gulf Cooperation Council (GCC).

Copyright (C) 2008 Asia in Focus. All rights reserved

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Related terms: bahrain, bank, business, ceo, economy, kuwait, market, middle east, oman, qatar, saudi arabia, south korea

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