Industrial Development Bank (IDB)
in Egypt 🇪🇬
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About Industrial Development Bank (IDB) in Egypt
Industrial Development Bank (IDB) is a state-owned Egyptian bank specializing in financing and promoting industrial projects across Egypt. Established as Egypt's first development bank, IDB has evolved from a specialized industrial lender into a comprehensive commercial bank while maintaining its core focus on supporting the industrial sector, small and medium enterprises (SMEs), and economic development initiatives.
The bank is majority-owned by Banque Misr (85.04%) with additional public fund ownership (8%), reflecting strong government backing. IDB operates as a key instrument in Egypt's economic development strategy, aligning its priorities with the country's Vision 2030 objectives.