Overview
IDBEE aims at providing financial resources to meet the requirements of the economic and industrial fields, which includes local and international resources of financing. The bank seeks to provide appropriate financing, technical, and marketing assistance to all clients in order to strengthen their financial position, help them grow and keep pace with industrial developments, and increase competitiveness at home and abroad. The establishment of Industrial Development &Workers Bank of Egypt dates back to 1947, when Law No. 131 of 1947 was issued, authorizing the government to establish an Industrial Bank as an Egyptian joint stock company with a capital of EGP 1.5 million, and with the aim of financing the industrial private sector. In 1971, the bank joined the Bank of Alexandria as a specialized department. Throughout the years, the bank has managed to finance many industrial and crafts production units.
