The International Bank For Trade & Finance

Name

The International Bank For Trade & Finance

Legal name

The International Bank For Trade & Finance

Website

https://ibtf.com.sy

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

National Commercial Banks (6021), Short-Term Business Credit Institutions (6153)

akta.pro industry

PRIMARYFSABABAF

SME Trade Finance & Working Capital (LCs, Guarantees, Receivables)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)

SECONDARYFSAMAIAG

Multi-Currency Accounts, Wallets & IBAN Services

Financial & Insurance/Payments & Transaction Processing/Cross-Border Payments & Remittances

SECONDARYFSABAHAB

Open Account Trade Finance (Receivables/Payables Finance)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Trade Finance & Supply Chain Banking

SECONDARYFSABAHAI

Commodity Trade Finance (Soft/Hard Commodities)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Trade Finance & Supply Chain Banking

Keywords

• Retail banking
• Corporate banking
• Trade finance
• Digital banking
• Deposit accounts

Headquarters

HQ city

Damascus

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Credit Facilities: The bank earns interest income from various loan products including commercial loans for working capital and investment projects, real estate financing, contractor financing, retail personal loans, housing loans, renovation/equipping loans, energy loans, and overdraft facilities (current account debit). Interest rates on savings accounts are 9% per annum, credited semi-annually.
2. Fee and Commission Income: The bank generates fee income from account services including account opening fees (5,000 SYP), stamp duties (1,480 SYP), ATM card issuance (25,000 SYP), Dawli Mobile service fee (5,000 SYP), minimum balance requirements (10,000 SYP), time deposit account services, safe deposit box rentals, bill payment processing (100 SYP per bill), and letter of credit issuance.
3. Trade Finance Services: Revenue from trade finance instruments including documentary credits (اعتمادات مستندية), inward/outward collections (بوالص التحصيل), bill discounting (خصم الكمبيالات), and domestic and international bank guarantee issuance (إصدار كفالات مصرفية داخلية وخارجية).
4. Digital Banking Services: Income from electronic channels including online banking subscriptions, SMS alert services, and digital fund transfer fees processed through the Dawli Mobile app and دولي أون لاين platform.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels4 records

Core offering

The International Bank For Trade & Finance is a private Libyan commercial bank that accepts retail deposits (savings, current, salary accounts, term deposits, safe deposit boxes), extends personal, housing, home renovation, and professional/syndicate loans, provides corporate banking facilities including commercial loans, documentary credits, and letters of guarantee, and operates digital channels (Dawli mobile app, Dawli online, ATMs, QR code payments, POS service, Mini KYC account opening, bill payment). It also offers trade finance and treasury-related instruments supported by a multi-city branch and ATM network across Libya and overseas offices in Amman and Damascus.

Product overview

The International Bank For Trade & Finance (IBTF) is a Syrian private commercial bank offering a comprehensive suite of banking products organized as a platform-plus-services model. The core digital banking platform includes the Dawli Mobile App (mobile banking for Android), Dawli Online (internet banking), ATM network, QR Code payment services, and Mini KYC (simplified account opening). Supporting services include retail loans (renovation, personal, professional, housing), deposit accounts (salary, current, savings, term deposits), safe deposit boxes, and commercial lending services (working capital, project financing, documentary credits, guarantees). Electronic services integrate with SYGS interbank transfer system, MTN/Syriatel/AYA bill payment networks, PMEP ATM network, and SEP electronic payment company. The bank operates 19 branches across Syrian governorates and offers services in both Arabic and English through its digital channels.

Differentiator

Problem solved

Functional benefit

Brands

• Dawli App: Mobile banking application for Android devices providing banking services including account balance checking, transfers, and bill payments

Products and services

• Personal Loan
• Housing Loan
• Home Renovation Loan
• Professional & Syndicate Loan Tailored credit product designed for members of professional associations and trade unions/syndicates, structured around organized payroll and membership.
• Salary Account Current/savings account designed to receive salary payments, typically offered to individuals and employees of corporates and organized groups such as trade unions and professional associations.
• Savings Account Interest-bearing retail deposit account for individuals, used for everyday savings and cash management.
• Current Account Transaction account for individuals and businesses used for frequent deposits, withdrawals, and payments.
• Term Deposit Fixed-term deposit product offering a specified interest rate for a defined tenor, targeted at individuals and businesses seeking higher yields on parked funds.
• Safe Deposit Boxes Rented vault boxes at bank premises that allow customers to securely store valuables and documents.
• Commercial Loans & Facilities Credit facilities extended to corporate and SME clients to finance working capital, expansion, and operational needs.
• Documentary Credits Trade finance instrument (letters of credit) issued to facilitate import/export transactions between corporate clients and their counterparties.
• Letters of Guarantee Bank-issued guarantees on behalf of corporate clients to support contractual, bid, performance, or financial obligations toward third parties.
• ATM Services

Quantifiable outcome

• Savings account interest rate of 9% per annum, credited semi-annually
• +4 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature5 records

Partnerships

Six partnerships are on record, tiered minor, core and moderate.

• Syriatel (سيريتل)minorOthersSyrian mobile operator integrated with IBTF's bill payment services. Customers can settle Syriatel mobile bills and 3G SURF bills through IBTF accounts via direct debit.
• MTN Syria (MTN)minorOthersSyrian mobile operator integrated with IBTF's bill payment services. Customers can settle MTN mobile bills and 3G SPEED bills through IBTF accounts via direct debit.
• AYA (آية) — Internet Service ProviderminorOthersSyrian ISP integrated with IBTF's bill payment services for ADSL subscription billing.
• Syrian Electronic Payment Company (SEP) — الشركة السورية للمدفوعات الإلكترونيةcoreTechnology or IntegrationNational electronic payment infrastructure company enabling IBTF to offer bill payment and electronic settlement services across its digital and branch channels.
• SYGS (منظومة SyGS)coreTechnology or IntegrationSyrian domestic inter-bank funds transfer network enabling IBTF customers to transfer money to accounts at other Syrian banks participating in the SYGS system.
• Biramuntix (PMEP) — ATM NetworkmoderateTechnology or IntegrationShared ATM network (البطاق الذهبية) allowing IBTF ATM cardholders to withdraw cash from other banks' ATMs within the PMEP network across Syria.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Housing Bank for Trade and Finance (Jordan): IBTF's strategic parent and largest shareholder; a Jordanian commercial bank offering retail, corporate, and trade finance. Directly comparable on product set and serves as the strategic anchor and governance reference for IBTF.
• Bank of Syria and Overseas: One of the largest Syrian private commercial banks with a similar nationwide branch network, multi-product retail and corporate banking suite, and trade finance offerings — the closest like-for-like domestic competitor to IBTF.
• Syria International Islamic Bank: Syria-focused private bank offering Islamic-structured retail, corporate, and trade finance products across a multi-branch domestic network; competes directly with IBTF for Syrian SME and corporate deposits and lending.
• Banque Bemo Saudi Fransi: Syrian private commercial bank with regional (Saudi/Gulf) ownership backing, offering corporate, trade finance, and retail products similar to IBTF; a directly comparable domestic competitor.

Regional players

• Jordan Kuwait Bank: Jordanian commercial bank with a similar full retail and corporate product suite to IBTF, regional MENA scope, and Jordan-domiciled charter; comparable as a peer Jordanian commercial bank for benchmarking IBTF's strategic shareholder structure and product mix.
• Jordan Ahli Bank: Jordanian commercial bank providing retail, SME, corporate, and trade finance products regionally; serves as another regional peer for benchmarking the strategic-partner governance and product architecture that shapes IBTF.
• Bank of Jordan: Jordanian commercial bank offering retail, corporate, trade finance, and treasury products across MENA; relevant regional comparable for the Jordanian ownership/governance pattern and product benchmarking that informs IBTF's positioning.

Broad incumbents

• Byblos Bank Syria: Syrian presence of Lebanese-headquartered Byblos Bank, offering retail, SME, and corporate banking in the same Syrian market as IBTF; comparable due to overlapping product suite and regional ownership pattern.
• Al Baraka Bank Syria: Syrian subsidiary of the Bahrain-based Al Baraka banking group, offering Sharia-compliant and conventional retail, corporate, and trade finance products; a regional-affiliated peer competing for the same Syrian corporate and SME clients.
• Arab Bank Syria: Syrian subsidiary of one of the largest Middle East banking groups; offers a full retail, corporate, and trade finance suite across Syria with the backing of a major regional franchise — a broader-incumbent competitor to IBTF.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• Instagraminstagram.com/ibtfbank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles29 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The International Bank For Trade & Finance