CAC Bank Signed an Electronic Remittances Agreement with Doha Bank

7/2/2008 12:00:00 AM

On 17 of June at the headquarters of Doha Bank, the Cooperative and Agricultural Credit Bank (CAC Bank) signed an agreement with Doha Bank to provide direct e-remittance services from Qatar to Yemen.

The two esteemed banks agreed to attract local businesses to each other whereas this service will target Yemeni expatriates in Qatar. Mr. Kevin, Head of Commercial Banking at Doha Bank, expressed his happiness towards this constructive cooperation between the two banks which will greatly benefit the Yemeni expatriates in Qatar, the United Arab Emirates, and Kuwait. Then Mr. Ganishan, Director of the International Banking Department at the same bank said that this relationship will facilitate the Yemeni expatriate in Qatar the process of opening accounts with the Cooperative and Agricultural Credit Bank.

Consequently, Mr. Nasser Al-Moraqeb, Director of Central Operations Department at CAC Bank introduces a short profile about the bank and pointed out that Doha Bank is one of the greatest growing banks which is mostly and absolutely focus on serving its customers and convincing their needs. Then Mr. Mohammed Mustafa – Director of International Division explained that this cooperation arrangement will greatly serve the Yemeni expatriate by offering their banking needs in Yemen and enable them to transfer funds quickly from Qatar, pointing out the importance of initiation this relationship to serve Yemeni expatriates.

The agreement was signed from CAC Bank side by Mr. Nasser Al-Moraqeb and Mr. Mohammed Mustafa Mokhtar, and Head of Commercial Banking at Doha Bank.