Intercontinental Bank of Lebanon explained

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.

History

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).

Key people

See also

Notes and References

  1. Web site: Timeline . 2021-02-25. IBL. en.
  2. Web site: انتركونتيننتال بنك يزيد رأس ماله إشارة إلى احترام المصارف التزاماتها. 2021-02-25. annahar.com. en.
  3. Web site: Intercontinental plans move into private banking . 2021-02-25. www.dailystar.com.lb.
  4. Web site: Board of Directors. 2021-02-25. IBL. en.