IDBE’s Retail Increases EGP 58

Industrial Development and Workers Bank of Egypt’s retail portfolio increased by EGP 58 million registering EGP 68 million at the end of last February, compared to EGP 10 million in last September, thanks to offering new products such as personal loan for employees working at public sector and banks, sources said.

IDWBE plans to raise retail loan portfolio to reach EGP 150 million by the end of the current year by expanding in offering more retail banking products.

In addition, IDWBE aims at settling 25% of its irregular debts which is in value to EGP 1.7 billion.