Fast facts

The Bank

International Bank of Qatar (IBQ) is a financially robust and rapidly growing private, retail and commercial banking institution. An increasingly prominent local player within the Qatari market, IBQ benefits from an international dimension as a result of its affiliation with the National Bank of Kuwait (NBK).

 

History of IBQ

IBQ was previously known as Grindlays Qatar, one of the oldest Banks in Qatar. The Standard Chartered group acquired the bank in 2000 and in 2003 sold its stake to local shareholders, which made the bank fully locally owned.

In 2004, National Bank of Kuwait acquired a 20% stake and assumed management responsibility. At the same time the name was changed to the International Bank of Qatar.

In 2006 IBQ celebrated 50 years of banking.

 

Managing Director

George Nasra

 

Deputy General Manager

Muhannad W. Kamal

 

Management Contract

National Bank of Kuwait (NBK); a premier Arab Bank and Kuwait's oldest and largest financial institution. NBK has over 50 branches in Kuwait and 15 branches covering Europe, the Middle East, Asia and the US.

 

Board of Directors:

Prime Minister and Foreign Minister of Qatar, His Excellency Sheikh Hamad Bin Jassim Bin Jabor Al-Thani, Chairman

Mr. Ibrahim Shukri Dabdoub, Vice Chairman

Sheikh Jabor Bin Hamad Bin Jassim Al Thani, Member

Sheikh Sultan Bin Jassim Bin Mohammed Al Thani, Member

Sheikh Abdullah Bin Hamad Bin Khalifa Al-Thani, Member

Mr. Mohammed Ali Al Kubaisi, Member

Mr. Mohamed Mahmoud Al Okar, Member

Mr. Nasser Musaed Abdullah Al Sayer, Member

Mrs. Randa Sadik, Member

 

Established:

IBQ was established on the 1st September, 2004

 

Capital:

QAR 1.4 billion on 31st December 2006

2006 Year End Results

  • Total Net Profit = QAR 182 million - 102% increase over 2005
  • Total Operating Profit = QAR 151 million - 68% increase over 2005
  • Total Assets =QAR 6,698 million - 44% increase over 2005
  • Return on Assets =3.12% - 11.5% increase over 2005
  • Return on Shareholders' Equity = 15.71% - 16.7% increase over 2005

 

Employees

IBQ employs around 200 staff representing over 17 nationalities. With a wide range of international experience, many employees have been with the bank for over 20 years, providing a strong base for the long term customer relationships for which IBQ is renowned.

 

Qatarisation

IBQ is committed to providing opportunities for Qatari National representation at all levels and seeks to attract, develop and retain highly motivated and skilled Qatari nationals. IBQ has developed proactive recruitment practices to include a 15 week rotational work programme and Qatari trainee development programmes that include peer support groups.

 

Services:

  • Retail Banking
  • Corporate Banking
  • Private Banking
  • Treasury & Investments
  • International Banking through NBK's overseas branches.
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