Doha Bank eyeing capital hike

May 26, 2014 2:31 am

Doha Bank’s chief executive, R. Seetharaman has said the lender plans to raise additional capital in 2015 to underpin fast asset growth and potential acquisitions, Reuters has reported. Qatar’s fourth-largest bank by assets is looking at several options to raise capital, such as a rights issue, he said. “If our organic expansion is per the growth model we envisage, then we will need additional capital, which we will mobilize next year,” he said.