Intercontinental Bank of Lebanon

Intercontinental Bank of Lebanon (IBL Bank, Arabic: انتركونتيننتال لبنان) is a Lebanese Bank with headquarters and main branch located in Achrafieh, Beirut, Lebanon.[1]

IBL Bank
Native name
انتركونتيننتال لبنان
FormerlyIntercontinental Bank of Lebanon, Development Bank SAL
Company typePrivate company
IndustryFinancial services
Founded1961; 63 years ago (1961)
Headquarters,
Number of locations
20 branches
Key people
Salim Habib (Chairman and General Manager)
ProductsBanking services
Websitewww.ibl.com.lb

As of 2021, the bank had 20 branches in Lebanon, in addition to foreign branches in Cyprus, Erbil, Baghdad, and Basra.[2]

History

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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][2]

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

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  • Salim Habib, Chairman and General Manager (formerly a member of parliament)[3]
  • Kamal Abi Ghosn, Executive Member of the Board[4]
  • Dr. Elie A. Assaf, Independent Member of the Board[4]
  • Me. Michel J. Tuéni, Executive Member of the Board[4]

See also

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References

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  1. ^ "Timeline". IBL. Retrieved 2021-02-25.
  2. ^ a b c "انتركونتيننتال بنك يزيد رأس ماله إشارة إلى احترام المصارف التزاماتها". annahar.com. Retrieved 2021-02-25.
  3. ^ a b "Intercontinental plans move into private banking". www.dailystar.com.lb. Retrieved 2021-02-25.
  4. ^ a b c "Board of Directors". IBL. Retrieved 2021-02-25.