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Intercontinental Bank of Lebanon (IBL Bank,
Intercontinental Bank of Lebanon (IBL Bank, Arabic
Arabic (, ' ; , ' or ) is a Semitic languages, Semitic language spoken primarily across the Arab world.Semitic languages: an international handbook / edited by Stefan Weninger; in collaboration with Geoffrey Khan, Michael P. Streck, Janet C ...
: انتركونتيننتال لبنان) one of the financial banks in Lebanon, established in 1961 as ''Development Bank SAL (بنك الإنماء)''.
In September 1998, the majority of the bank's shares were bought by a group of Lebanese and foreign investors.
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).
The bank has 20 branches in Lebanon, in addition to branches in Cyprus
Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is geo ...
, Erbil
Erbil, also called Hawler (, ar, أربيل, Arbīl; syr, ܐܲܪܒܹܝܠ, Arbel), is the capital and most populated city in the Kurdistan Region of Iraq. It lies in the Erbil Governorate. It has an estimated population of around 1,600,000.
Hu ...
, Baghdad
Baghdad (; ar, بَغْدَاد , ) is the capital of Iraq and the second-largest city in the Arab world after Cairo. It is located on the Tigris near the ruins of the ancient city of Babylon and the Sassanid Persian capital of Ctesiphon ...
and Basra
Basra ( ar, ٱلْبَصْرَة, al-Baṣrah) is an Iraqi city located on the Shatt al-Arab. It had an estimated population of 1.4 million in 2018. Basra is also Iraq's main port, although it does not have deep water access, which is hand ...
.
IBL Bank's head office and main branch are located in Achrafieh
Achrafieh ( ar, الأشرفية) is an upper-class area in eastern Beirut, Lebanon. In strictly administrative terms, the name refers to a sector (''secteur'') centred on Sassine Square, the highest point in the city, as well as a broader quarter ...
, Beirut.
Key people
* Salim Habib, Chairman and General Manager (formerly a member of parliament) * Kamal Abi Ghosn, Executive Member of the Board * Dr. Elie A. Assaf, Independent Member of the Board * Me. Michel J. Tuéni, Executive Member of the BoardSee also
*List of Banks in Lebanon
This is a list of banks in Lebanon.
List of banks
Central bank
* Banque du Liban (BDL)
List of Banks
Lebanese based banks sorted by their significant presence domestically and overseas:
* Bank Audi
* Byblos Bank
* Bank of Beirut
* Bank of B ...
* Banque du Liban
Banque du Liban (BdL, ar, مصرف لبنان, English: Bank of Lebanon) is the central bank of Lebanon. It was established on August 1, 1963, and became fully operational on April 1, 1964. It is currently headed by Riad Salameh.
One of the ma ...
* Bank Audi
Bank Audi (Arabic: بنك عودة, previously Bank Audi- Saradar) is a Lebanon-based universal bank and financial services company headquartered in Beirut, offering financial products and services in personal banking, business banking, private ban ...
* Byblos Bank
Byblos Bank (abbreviated as BYB) is a Lebanese bank established in 1963 and headquartered in Beirut, Lebanon. It is the country’s third largest bank by assets. It is one of the Alpha banks in Lebanon, along with Banque Libano-Française S.A.L.B ...
* Fransabank
Fransabank (Arabic: فرنسبنك ) is one of the oldest banks in Lebanon. Today, Fransabank Group has a consolidated presence in eight countries: Lebanon, France, Algeria, Sudan, Belarus, Iraq, UAE (Abu Dhabi) and in Ivory Coast. The Group also ...
* Economy of Lebanon
The economy of Lebanon has been experiencing, as of late 2019, a large-scale, multi-dimensional crisis, including a banking collapse, a liquidity crisis and a sovereign default. It is classified as a developing, lower-middle-income economy. Th ...
References
Banks of Lebanon 1961 establishments in Lebanon Banks established in 1961 {{bank-stub