IBL Bank | |
Native Name: | انتركونتيننتال لبنان |
Native Name Lang: | ar |
Former Name: | Intercontinental Bank of Lebanon, Development Bank SAL |
Type: | Private company |
Industry: | Financial services |
Hq Location City: | Beirut |
Hq Location Country: | Lebanon |
Locations: | 20 branches |
Key People: | Salim Habib (Chairman and General Manager) |
Products: | Banking services |
Intercontinental Bank of Lebanon (IBL Bank, Arabic: انتركونتيننتال لبنان) is a Lebanese Bank with headquarters and main branch located in Achrafieh, Beirut, Lebanon.[1]
, the bank had 20 branches in Lebanon, in addition to foreign branches in Cyprus, Erbil, Baghdad, and Basra.
The bank was established in 1961 as Development Bank SAL (بنك الإنماء).[2]
In September 1998, the majority of the bank's shares were bought by a group of Lebanese and foreign investors.[3]
A year later, in September 1999, the bank acquired the entire shares of BCP Bank Group, and since that date it has operated under the name Intercontinental Bank of Lebanon (IBL).