In 2014, Doha Bank decided to move to a structured ALM solution and decided to implement Surya’s BALM. In addition, it was decided to procure a FTP system to meet the profitability measurement requirements. These systems were implemented successfully within in a short span of time in Qatar, Kuwait & UAE. A consolidator that aggregates ALM positions at the head office has also been implemented.
Surya has helped to significantly reduce the end of day processing time to under 45 minutes. Besides the central bank reporting, BALM has helped the bank produce Basel III liquidity reports.We are happy to have partnered with Surya, support from them has been reassuring.
