Timeline

  • 1961
    1961
    In 1961, the Bank was incorporated as a Société Anonyme Libanaise (joint stock company) under the name “Development Bank SAL” with a capital of LBP 8 million for a period of 99 years.
  • 1998
    1998
    In 1998, the majority of the Bank’s shares were purchased by a group of Lebanese and foreign investors. To this day, this same group of shareholders is still pursuing its policy to make the Bank one of the top national banks.
    Since then, the Bank has achieved significant growth in total assets as well as in the main components of its balance sheet.
  • 1999
    In 1999, the Bank acquired the total share capital of BCP Oriel Bank, and consequently all branches of the acquired bank are to this day operating under Intercontinental Bank of Lebanon (IBL Bank).
  • 2003
    2003
    In 2003, IBL Bank was the first to introduce the Smart ATM in the Lebanese Market.
  • 2005
    In 2005, IBL Bank was one of the first Lebanese banks to enter the Iraqi market by opening a representative office in Erbil.
  • 2006
    By 2006, four new branches were opened in Lebanon to cover the whole country.
  • 2007
    2007
    In 2007, the bank obtained a license from the Central Bank of Cyprus to operate in Limassol. A branch was subsequently established on Makarios III Avenue and became operational in 2008.
  • 2008
    In 2008, following the satisfactory results that ensued from the opening of a representative office in Erbil, Iraq, the Board of Directors leveraged the bank’s first mover advantage in Iraq by upgrading the representative office to a full branch.
  • 2008
    During 2008, the Board of Directors decided to change the Bank’s name and logo from Intercontinental Bank of Lebanon to IBL Bank to boost the Bank’s positioning and brand awareness.
  • 2010
    In 2010, the bank further developed its presence in Iraq by building an additional branch in Baghdad.
  • 2011
    In early 2011, the Bank established IBL Investment Bank SAL (IBL Invest), a fully owned Lebanese specialized bank. IBL Invest provides value-added investment banking services, meeting the needs of clients and targeting new regional markets, especially the Gulf. The main business line is advisory, corporate finance, and wealth management services.
  • 2011
    By mid-2011, six new branches were added to the bank’s Lebanese network, strengthening its position among the top national banks.
    The strong growth that the IBL Bank has achieved since 1998 was coupled with and fostered by continuous investments in human capital (organically through seminars, training sessions and effective Human Resources management and externally by recruiting skilled managers and dynamic young professionals).
    Amidst this track record of solid growth, rigorous risk management and adequate capital levels, the Bank was in the process of developing its local and regional network.
  • 2014
    2014
    In 2014, Basra followed, being the 3rd branch covering another promising region in Iraq.
  • Today
    Today, IBL Bank has 21 active branches spread all over Lebanon in addition to four branches abroad: one in Europe (Cyprus - Limassol) and three in Iraq (Erbil, Basra and Baghdad).
    IBL Bank’s head office and main branch are located in Achrafieh, Beirut.
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