In line with its ambitious development strategy, Quds Bank recently held its annual meeting to discuss its roadmap as well as to establish a framework for its future operations. The meeting, which was held in Jericho and was attended by the Chairman of the Board of Directors Akram Abd Al-Latif Jerab, also saw the participation of members of the board, Chief Executive Officer Salah Hidmi, his two deputies, as well as department heads.
During the meeting, the bank’s Board of Directors and its executive management team discussed the current changes in the economy and their effect on Palestinian banks, as well as the most recent developments, products, and banking services in the local and international markets. Different scenarios to overcome potential future challenges and to develop comprehensive strategies were also discussed in order to forge ahead and continue the bank’s string of achievements.
In his opening remarks, the Jerab said, “The prevailing economic conditions in Palestine have had a significant impact on the bank’s performance this year.” He called for the development of a comprehensive roadmap to outline the goals of the coming years, as well as to recognize the institution’s main objectives in order to continue moving forward. He called on all the bank’s employees to shoulder their responsibilities and contribute fully to growth and work, adding that further controls and training will be put in place in order to craft and implement an effective work strategy based on investment. He added, “We always look forward, through our outstanding team’s performance, to presenting the best that we have and providing an outstanding suite of products and services to our clients and shareholders.”
Also speaking at the meeting, Hidmi said, “This meeting provides us with a forum in order to review our past performance and to discuss plans to develop future mechanisms that will be implemented with a view to improve work levels in all the bank’s departments. We will also offer services according to well-studied and transparent work processes that not only to achieve customer satisfaction but also surpass expectations.” Hadmi presented a detailed explanation of the bank’s performance, describing the economic conditions and their effect on the Palestinian market. He also highlighted the bank’s strong results in relation to other banks in the market and discussed the executive management’s comprehensive vision for the coming years.
The meeting, held over two days, included a presentation by each department of the most prominent achievements and future plans. A number of important issues were also discussed, including financial performance and expected results, in addition to a detailed description of the performance of the bank’s network of branches and their planned objectives. The Treasury Department presented its most significant results as did the operations, audit, and control departments.
The Information Technology Department outlined its strategic plan and the Engineering Department presented a brief about the bank’s new headquarters building. The risk management and compliance departments presented briefs, while the Human Capital Department presented a detailed description about the planned structuring, including proposals and planned projects for staff members.
At the end of the two-day meeting, Hadmi offered recommendations, affirming Quds Bank’s intention to continue its forward march for change in all its indicators, improving its standing in the local market and achieving its vision of investment and participation in a society and an economy that champions financial inclusion. This, in turn, will provide clients and stakeholders with an outstanding banking experience built on the principles of sustainability on which the bank is founded.
For his part, Mr.Jerab thanked the members of the Board of Directors for their presence and participation in the meeting, and recognized the efforts of the bank’s team members in making the meeting a success.