International Bank of Qatar

IBQ (International Bank of Qatar)
Private company
Industry Banking
Founded 1956 (1956)
Headquarters Doha, Qatar
Products Retail banking; Corporate banking; Private banking
Website www.ibq.com.qa

The International Bank of Qatar (ibq) (Arabic: بنك قطر الدولي) is an established private sector bank operating in Qatar since 1956. The bank offers a range of products and services across retail, private and corporate banking divisions.

ibq has a growing network of branches and ATMs covering most major locations across the country.[1]

History

Starting as the Ottoman Bank on 1 November 1956, ibq has undergone several ownerships in its history.

In 1969 the Ottoman Bank sold its branches to the National and Grindlays Bank which later became known as Grindlays. In 1989, the bank changed names again to ANZ Grindlays when it was acquired by the Australia and New Zealand Banking Group. In 2000, the Standard Chartered Group acquired ANZ Grindlays, thereby taking over as major shareholder.

In August 2004, the bank was renamed International Bank of Qatar (ibq), when National Bank of Kuwait (NBK) acquired a 20% stake in the bank and assumed management responsibilities. In July 2007, NBK increased its share of the bank to 30% and sold them back to Qatari investors in 2014.

In July 2015, ibq has received investment grade credit ratings of “A2” and “A+” assigned by Moody’s and Fitch respectively. Moody’s and Fitch Ratings are internationally recognised ratings agencies, providing independent financial research on global financial institutions.

Awards

The commitment to customer relationships and best practices are reflected in the numerous awards won by the bank.

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

Corporate Social Responsibility

ibq actively contributes to the well being of the local community by offering financial and practical support to a wide range of CSR projects which are mainly built around, education and youth development, development of Qatar's economy and projects that promote culture, safety and empowerment of women.[2]

References

  1. ↑ IBQ Branches & ATMs
  2. ↑ IBQ Media Centre
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