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International Bank of Qatar

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 (International Bank of Qatar)
Private company
IndustryBanking
Founded1956; 62 years ago (1956)
HeadquartersDoha, Qatar
ProductsRetail banking; Corporate banking; Private banking
Websitewww.ibq.com.qa

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

HistoryEdit

Starting as the Ottoman Bank on 1 November 1956, ibq has undergone several ownerships in its history.[2]

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.[citation needed]

ReferencesEdit

  1. ^ [1] IBQ Branches & ATMs
  2. ^ "International Bank of Qatar marks 60th anniv". Qatar Tribune. 3 November 2016. Retrieved 16 September 2018.

External linksEdit