Egypt's Industrial Development Bank makes its first EGP 1bn profit after a turnaround
Bad loans fell from 13.9% to 8.1% of lending in a year, and shareholders will get bonus shares for the first time in two decades.
Cairo — Egypt's Industrial Development Bank (IDB) made a net profit of EGP 1 billion in 2025, the first time it has reached that mark, and will give shareholders bonus shares for the first time in 20 years. Its general assembly approved the accounts for the year to 31 December.
Management credited a restructuring plan launched in mid-2024. Hussein Refaie, the chief executive, said the bank had moved from confronting structural problems to delivering strong, sustainable growth.
The numbers
Total assets rose 31% to EGP 64.9 billion. Customer deposits grew 44% to EGP 52.1 billion and the loan book 34% to EGP 34.6 billion. Operating income rose 33% to EGP 3.6 billion, and profit before tax and provisions 47% to EGP 2.5 billion.
The biggest change was in the quality of its loans. Non-performing loans fell to 8.1% of lending at the end of 2025, from 13.9% a year earlier, and the bank's reserves now cover 126% of those loans, up from 97%.
Next steps
Chairman Akram Tinawi said IDB would keep financing strategic projects in industry, energy, urban development and clean power. The bank spent about EGP 500 million on technology in 2025, the first year of a five-year, EGP 3 billion programme covering core banking, digital channels, cyber security and mobile banking, and plans new branches.
Source: Daily News Egypt, November 2026.
