Industrial Development Bank Launches Four Branches In 2013

The Industrial Development and Workers Bank of Egypt targets to launch four branches in 2013, after receiving approval from the Central Bank of Egypt (CBE). The bank delayed launching these branches in 2012 because of the political turmoil.

Sources said the bank plans to raise the number of branches to 21 as it is close to launching branches in Helwan and Quesna and plans to have presence in El-Obour and El-Mahalla El-Kubra.

The bank also receives CBE’s approval to move its branch in Sixth of October City to another place which is not determined yet.

The bank has installed 11 ATMs in its headquarters and 17 branches. The bank has collaborated with the National Bank of Egypt (NBE) to issue credit cards for the bank’s employees.