History of the Bank
The Bank was incorporated on May 5, 1961, as a Société Anonyme Libanaise (joint stock Company) under the name of “Development Bank SAL” with a capital of LBP 8 million for a period of 99 years.
In 1998, the majority of the Banks shares was purchased by a group of Lebanese and foreign investors.
A year later, in September 1999, the Bank acquired the total share capital of BCP Oriel Bank, and consequently all branches of the acquired bank are to this date operating under Intercontinental Bank of Lebanon (IBL Bank). Mr. Salim Habib has been Chairman-General Manager of the Bank since 1998.
The current group of shareholders that took over the Bank in 1998 pursued a policy towards raising the Bank into the top national banks.
IBL Groups mission is to offer high-quality banking services to its clients while having a geographical presence in Lebanon and the Region, offering proper diversification. Currently, IBL has 19 local branches, one branch in Cyprus – Limassol and two branches in Iraq (Erbil and Baghdad)
In addition, during 2008, the Board of Directors decided to change the Banks name and logo from Intercontinental Bank of Lebanon to IBL Bank, in order to boost the Banks positioning and Brand awareness.
The strong growth the Bank has achieved since 1998, has been accompanied and fostered by continuous investments in Human Capital, either organically through seminars, training and effective Human Resources management or externally by recruiting skilled managers and dynamic young staff.
In 2011, the Bank established IBL Investment Bank SAL (IBL Invest), a fully owned Lebanese specialized bank. IBL Invest aims to provide value added investment banking services meeting the needs of its clients and targeting new regional markets, namely the Gulf Markets. The main business lines are advisory, corporate finance wealth and asset management services. IBL Invest started its operation during the first quarter of 2011.
Currently, the Bank, strong amid its track record of solid growth, rigorous risk management and adequate Capital levels, is in the process of developing its local and regional network.
The Banks Head-Office and main branch are located in Achrafieh, Beirut.
Name of Chairman & General Manager : M. Salim Habib
Bank Address and P.O.Box : Charles Malek Avenue – Al Ittihadiah Bldg – P.O.Box 11-5292 Beirut
Phone Numbers : 01-200350 - 334102
Fax : 01-204524
E-mail : email@example.com
Website : www.ibl.com.lb