Samiksha Jaiswal (Editor)

International Bank of Qatar

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Industry
  
Banking

Founded
  
1956

Type
  
Privately held company

Website
  
www.ibq.com.qa

Headquarters
  
Doha

International Bank of Qatar yptheemiratesnetworkcomimagescompanylogos000

Products
  
Retail banking; Corporate banking; Private banking

International bank of qatar ibq promo


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.

Contents

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

Chaouki daher head of private banking international bank of qatar acceptance speech


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

  • "Best Customer Centric Banking Brand, Qatar" by Global Brands Magazine
  • 2016

  • "Best Customer Service Retail in Qatar" by Banker Middle East
  • "Best Customer Service Corporate in Qatar" by Banker Middle East
  • "Best Customer Loyalty/Rewards Programme in Qatar for thanq" by Banker Middle East
  • "Straight Through Processing" by Citi Bank
  • "Best Customer Service" by Banker Middle East
  • "Best Private Bank" by Banker Middle East
  • "Private Banker of the Year - Chaouki Daher, GM and Head of Private Banking" by Banker Middle East
  • 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.

    References

    International Bank of Qatar Wikipedia