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International Bank of Qatar

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IBQ (International Bank of Qatar)
Company typePrivate company
IndustryBanking
Founded1956; 68 years ago (1956)
Headquarters
Doha
,
Qatar
ProductsRetail banking; Corporate banking; Private banking
Websitewww.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.

2015

  • "Private Bank of the Year in Qatar" by International Banker
  • "Rewards Programme of the Year in Qatar Award 2015" by International Banker
  • "Best Private Banking Services-Qatar" by Bankers Middle East
  • "Best Customer Service for Qatar" by Bankers Middle East
  • "Best Customer loyalty programme for thanq 2015" by Bankers Middle East -Products Awards
  • "Best Private Bank Qatar 2015" by Global Banking & Finance Review
  • "Best Customer Loyalty Program (thanq Rewards Program) Qatar 2015" by Global Banking & Finance Review
  • "Best Private Bank in Qatar" 2015 by International Finance Magazine
  • "Best Customer Loyalty Program in Qatar 2015" by International Finance Magazine
  • "Best Diversified Services Bank of Qatar" by World Union of Arab Bankers- 2015 Arab Banks Awards & Commendations of Excellence - The Banking Executive Award
  • "Straight Through Processing (STP)" by Commerzbank

2014

  • "Private Bank of the Year in Qatar" by International Banker
  • "Best Customer Service in the Middle East" by Banker Middle East
  • "Best Loyalty Program in the Middle East and Africa- for innovative reward program "thanq"" by MasterCard Innovation Forum
  • "Straight Through Processing (STP)" by Commerzbank

2013

  • "Best Private Bank for Privacy and Security in Qatar" by Euromoney
  • "Straight Through Processing (STP)" by Commerzbank

2012

  • "Best Private Banking Services in Qatar for HNWI" by Euromoney
  • "Best Private Banking Services in Qatar for UHNWI" by Euromoney
  • "Best Credit Card in Qatar" by Banker Middle East
  • "Straight Through Processing (STP)" by Commerzbank

2011

  • "Best Customer Service in the Middle East" by Banker Middle East
  • "Retail Bank of the Year in Qatar" by Arabian Business
  • "Straight Through Processing (STP)" by Commerzbank
  • "Deal of the Year 2011 - for Loans in the ME (Syndicated Loan)" by The Banker Magazine

2010

  • "Best Customer Service in the Middle East" by Banker Middle East

2009

  • "Best Customer Service in the Middle East" by Banker Middle East
  • "26th Fastest Mover Globally" by The Banker Magazine's Top 1,000 World Bank Survey
  • "Fastest Moving Bank" by The Banker Magazine's Top 1,000 World Bank Survey

2008

  • "Best Customer Service in the Middle East" by Banker Middle East
  • "Best Corporate and Trade Finance Bank in Qatar" by The New Economy Banking & Finance

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. ^ Branches LBQ
  2. ^ Media Center LBQ
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