Latest in Tag: Industrial Development Bank Highlight
Latest in Tag: Industrial Development Bank
Trade Ministry, IDB discuss increasing support to industrial, export sectors
IDB’s financing programmes aimed at contributing to implementation of government’s strategy to double Egyptian exports
IDB pumps EGP 2.2bn to finance 205 factories within ’One thousand factories’ initiative’s framework
Bank grants 11,000 customers EGP 1.2bn within mortgage financing initiative
IDB profits reach EGP 512m in 2019
We continue to support and develop Egyptian industries to achieve sustainable development: Fahmy
IDB to increase mortgage finance to low-income customers to EGP 1.5bn
The financing is offered at 5% and 7% interest rates, as part of the Central Bank of Egypt (CBE)’s Mortgage Finance Initiative.
We have come a long way in developing IDB’s technological infrastructure: Fahmy
Bank is moving to open branches, plans to launch a number of e-banking services in next few months
Industrial Development Bank offers funding to Shaq El-Teaban investors
Bank’s credit portfolio increased to EGP 11bn end-July, of which EGP 1.6bn were loans to individuals, and EGP 3.2bn to SMEs, says Azzam
IDB aims to close deferred losses file completely during H1 2019: Chairperson
We need cultural reform plan to develop people’s awareness that to thrive we need to increase production
IDB’s financial position up to EGP 21.849bn at end October 2018
Deposits up by EGP 5bn in 1 year, loans grew by 21%
IDB aims to complete treatment plan, put bank on right track by mid-2019: chairperson
We are working on new beginning of bank to serve economy, especially industrial sector, retail development purposes, provision of modern technological services: Fahmy
Industrial Development Bank, Cairo Development, Investment Co sign MoU to provide funds to purchase units in Rubaki city
The Minister of Trade and Industry Amr Nassar said that this agreement comes within the framework of the ministry’s keenness to activate the role of specialised banks in financing commercial and industrial projects.
Five key themes of IDB launch: chairperson
We aim to overcome financial position problem, deferred losses by end of 2018, followed by increasing capital, says Fahmy