Posted on November 05, 2017

International Bank of Qatar (ibq) was named ‘Best Private Bank in Qatar’ by Global Finance’s third annual “World’s Best Private Banks Awards”. The award recognizes ibq’s excellence in private wealth management and its commitment to developing long-lasting privileged relationships with its clients.

Global Finance’s editorial board selected the winners making use of entry submissions, market research, input from industry analysts and executives, and other users of private banking services. Winners will be honored at an Awards Dinner at the Harvard Club of New York City on February 7, 2018.

Commenting on the award win, Chaouki Daher (pictured), GM and Head of Private Banking at ibq stated: “ibq has been providing premium services and expert advice for our high-net worth clients for over 60 years. We are proud to receive this prestigious award which is a testament to our position as the private bank of choice in Qatar. Our wealth management team has a strong service-driven culture and approach that is helping us securing our clients’ loyalty and trust over the years.” With its holistic and disciplined approach to wealth management, combined with tailor-made services, ibq has created a legacy of portfolio management that stands by High Net Worth families across generations. The bank’s extensive market knowledge has allowed it to create a wide range of investment solutions and product offerings.

Recently, ibq announced its Q3 2017 results which showed total operating income up by 13% and net profit up 16%, compared to the first nine months of 2016 with its net profit reaching QAR 432 million. The performance in total operating income was delivered on the back of core underlying transactions emanating from strong client franchise.