Egypt's Industrial Development Bank posts first EGP 1bn profit
The lender's restructuring plan, launched mid-2024, led to a 47% rise in profit before tax and provisions.
Egypt’s Industrial Development Bank (IDB) achieved a net profit of EGP 1bn in 2025, a first for the institution. Shareholders will receive bonus shares for the first time in 20 years following the approval of the 2025 accounts. Management attributed this success to a restructuring plan initiated in mid-2024 aimed at strengthening the bank's industry financing role.
Chief executive Hussein Refaie stated that the bank has transitioned from addressing structural issues to achieving sustainable growth, supported by a clear strategy. Total assets grew by 31% to EGP 64.9bn, while customer deposits increased by 44% to EGP 52.1bn by the end of 2025. Operating income rose 33% to EGP 3.6bn.
Non-performing loans decreased to 8.1% of total lending from 13.9% a year prior, with provision coverage increasing to 126%. IDB plans to finance strategic projects in industry, energy, urban development, and clean power to diversify income. The bank also plans new branches and technology upgrades, investing EGP 500mn in 2025 as part of a five-year EGP 3bn technology program.
Why it mattersEgypt's Industrial Development Bank achieved its first EGP 1bn profit in 2025 due to a restructuring plan, leading to increased assets, deposits, and loans.