# International Bank of Qatar

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IBQ (International Bank of Qatar) Type Private company Industry Banking Founded 1 November 1956 (1956-11-01) Defunct April 2019 (2019-04) Fate Merged with Barwa Bank Headquarters Doha , Qatar Products Retail banking, Corporate banking, Private banking Website www.ibq.com.qa

The **International Bank of Qatar** ([Arabic](/source/Arabic_language): بنك قطر الدولي), often branded **ibq**, was a private sector [bank](/source/Bank) operating in [Qatar](/source/Qatar) founded in 1956. The bank offered a range of products and services across retail, private and corporate banking divisions.

ibq had a growing network of branches and [ATMs](/source/Automated_Teller_Machine) covering most major locations across the country.[1] It merged with [Barwa Bank](https://en.wikipedia.org/w/index.php?title=Dukhan_Bank&action=edit&redlink=1) in 2019.

## History

Starting as the [Ottoman Bank](/source/Ottoman_Bank) on 1 November 1956, ibq underwent several ownerships in its history.[2]

In 1969 the Ottoman Bank sold its branches to the [National and Grindlays Bank](/source/Grindlays_Bank) which later became known as Grindlays. In 1989, the bank changed names again to ANZ Grindlays when it was acquired by the [Australia & New Zealand Banking Group](/source/Australia_%26_New_Zealand_Banking_Group). In 2000, [Standard Chartered](/source/Standard_Chartered) acquired ANZ Grindlays.[3]

In August 2004, the bank was renamed International Bank of Qatar (ibq), when [National Bank of Kuwait](/source/National_Bank_of_Kuwait) (NBK) acquired a 20% stake in the bank and assumed management responsibilities. In July 2007, NBK increased its share of the bank to 30% and sold them back to Qatari investors in 2014.[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

In July 2015, ibq has received investment grade credit ratings of “A2” and “A+” assigned by [Moody’s](/source/Moody%E2%80%99s) and [Fitch Ratings](/source/Fitch_Ratings), respectively.[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

## References

1. **[^](#cite_ref-1)** [\[1\]](http://ibq.com.qa/en/banking-with-ibq/branches-atms) [Archived](https://web.archive.org/web/20190815112046/http://www.ibq.com.qa/en/banking-with-ibq/branches-atms) 2019-08-15 at the [Wayback Machine](/source/Wayback_Machine) IBQ Branches & ATMs

1. **[^](#cite_ref-2)** ["International Bank of Qatar marks 60th anniv"](http://www.qatar-tribune.com/news-details/id/31506). [Qatar Tribune](/source/Qatar_Tribune). 3 November 2016. Retrieved 16 September 2018.

1. **[^](#cite_ref-3)** [Standard Chartered snaps up Grindlays](https://www.theguardian.com/business/2000/apr/28/15) *[The Guardian](/source/The_Guardian)* 28 April 2000

## External links

- [Official Website (English)](http://www.ibq.com.qa)

- [Official Website (Arabic)](http://ibq.com.qa/ar)

- [Banks portal](https://en.wikipedia.org/wiki/Portal:Banks)

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Adapted from the Wikipedia article [International Bank of Qatar](https://en.wikipedia.org/wiki/International_Bank_of_Qatar) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/International_Bank_of_Qatar?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.