Latest in Tag: the Industrial Development Bank Highlight
Latest in Tag: the Industrial Development Bank
IDB agrees to finance industrial projects in Beni Suef
IDB Chairperson and Managing Director Maged Fahmy said that, through the protocol, the bank will put forward all its financing capabilities to existing and new projects.
IDB’s SME portfolio jumps from EGP 400m to EGP 5bn over 5 years
Bank injects EGP 4.1bn to finance 330 customers under Thousand Factories initiative
IDB reports 12% increase in PBT to EGP 337.79m in July 2020
Bank records 105% growth in medium-sized enterprise portfolio, 20% decline in non-performing loans: Chairperson Maged Fahmy
IDB to offer financial support to enterprises in Menoufiya
Bank will finance delivering natural gas, drinking water, sanitation, and electricity to new projects
IDB finalises its technological infrastructure, prepares e-services launch
Bank allocates EGP 600m to comprehensive technological development, establish electronic branches, expand geographical spread, says Fahmy
IDB pre-tax profit increases %3.1 to EGP 391m in 2019
Bank’s total financial position increased to EGP 30.380bn in 2019, an increase of 27% compared to 2018, says Maged Fahmy
IDB to open first business centre in Borg Al Arab in 2020
Among those activities was the bank’s sponsorship of the Business Centre for design and manufacture of modules, with its extensive experience in the field of financing and supporting industrial activities.
IDB pumps EGP 2.2bn the Thousand Factories initiative and EGP1.2bn in real estate mortgage financing in November
SMEs portfolio increased to EGP 3bn: Azzam
IDB targets over EGP 0.5bn profits by end-2019: chairperson
We aim to achieve 30-35% growth in various activities this year, says Fahmy
IDB signs protocol with Port Said governorate to finance industrial units in South Raswa
54 clients would benefit from this protocol to provide them with the necessary financing for their factories, says IDB chairperson
IDB launches its 1st savings vessel product
Bank managed to increase its retail banking portfolio to EGP 1.4bn in 2 years: Fahmy
IDB continues expansion plan with opening of new branch downtown Cairo
Ambitious plan, to support national economy, Egyptian industry in reaching world: Fahmy
IDB posts EGP 281m in net profits end 2018
Bank’s financial position rose to EGP 24bn from EGP 19.7bn in 2017, up by EGP 4.3bn or 21.8%: Fahmy
IDB buys land plot in New Administrative Capital for its new headquarters
Bank recently opened 11 branches across Egypt
IDB’s net profits reach EGP 136m in M4 of 2019
Bank allocates EGP 500m to develop its technological infrastructure for modern banking services
IDB allocates EGP 500m to develop bank’s technological infrastructure
We aim to increase the branches to 50 by 2023 up from 18 currently, says Fahmy
IDB signs cooperation protocol with Alexandria governorate, MFF to fund social housing units
Agreement to fund 1,138 residential units within CBE initiative
All banks operating in Egyptian market invited to adopt principles of responsible banking
Egyptian banking sector is strong, capable of achieving Egypt’s leadership in sustainable development in Middle East, Africa
IDB signs three cooperation protocols to support SMEs in Beheira Governorate
Bank agrees with Nat Gas to finance delivery of gas to industrial units within CBE’s initiative
IDB grants EGP 50m to Tamweely Microfinance to re-lend to projects for low-income groups, most vulnerable
MSMEs portfolio reached EGP 3.4bn, EGP 750m in pipeline: Fahmy
IDB signs protocol with SMEDA to provide microfinance services
Bank aims to access 100,000 clients to provide jobs, curb unemployment
Defaulting clients visiting government banks to settle their debts
Initiative benefits 1,635 companies,17,000 individuals in NBE with total debt of EGP 700m, says Aboul Fotouh