The Industrial Development Bank was established in 1947, its paid-up capital increased upon the Minister of Fi

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Overview

The Industrial Development Bank was established in 1947, its paid-up capital increased upon the Minister of Finance of 1975 to reach EGP 10 million pounds. However, its authorized capital was increased to 2 billion Egyptian pounds after its activities have been diversified.

The state owns 80 percent of IDB stakes while the rest is owned by other shareholders.

The bank is keen on providing wide range of banking products and services to its clients either individuals or corporates. The bank provides its services to various development and economic activities besides making available foreign currencies necessary for importing machinery, equipment and raw materials.

The bank development plan is based on expanding through a network of branches covering all the governorates, with a focus on strategic and vital areas. It operates through 25 branches in Egypt.

IDB provides all support to large, medium, small and micro projects as well as development projects, in addition to its distinguished role in mortgage financing and financing the delivery of natural gas to housing units and factories.

The bank was chosen as the fastest growing in Egypt during 2017, according to the Business News Index, which included in its poll 27 banks, where the bank won first place upon growth in the size of its assets, net profits and net returns.

Ghada El Bialy

Executive Chairman

Yasser Hussein Asim

Non-executive board member

Abdul Halim Omar

Non-executive board member

Ali Mahmoud Muhammad Shalaby

Non-executive board member

Nashat Muhammad Mortada

Non-executive board member

Mohamed Mahmoud Fathi

Non-executive board member

Industrial Development Bank-IDB

First Bank index is the first digital indicator in Egypt and MENA for measuring and catogrising banks' financial performance

EGP 154.3 mn
Net profits by the end of July 2020
EGP 20 bn
Total deposits by the end of July 2020
EGP 14.9 bn
Total loans by the end of July 2020
EGP 29.8 bn
Total assets by the end of July 2020
2019
The only bank that financed the Agricultural Crops Stock Exchange-CBE
2019
Second place on Fastest Growing Banks list-Business News