Industrial Development Bank (IDB) Opens New Branch in Fifth Settlement as Part of Its Strategy for Expansion and Branch Network Enhancement
22 Dec, 2025
As part of its strategy for development, expansion, and enhancing the efficiency of its branch network in line with the requirements of the Egyptian banking market, the Industrial Development Bank (IDB) inaugurated its latest branch in Arena Mall – Fifth Settlement. This opening is part of a comprehensive plan aimed at establishing a presence in key commercial and investment areas, getting closer to clients, and offering advanced banking services according to modern standards, in line with the bank’s direction toward becoming a full-service commercial bank.
The branch opening was attended by Mr. Hussein Refaie, CEO and Managing Director of IDB, along with members of the Board of Directors and several senior bank executives, highlighting the importance of expansion and development as key pillars of the bank’s current institutional strategy.
In this context, Mr. Hussein Refaie stated:
"The opening of the Industrial Development Bank branch in Arena Mall is part of our carefully planned expansion and branch network development strategy. It strengthens our presence in areas with high economic activity and enhances our ability to provide comprehensive banking solutions that meet the needs of both individual and corporate clients, contributing to economic development."
He added that the development plans are not limited to opening new branches but also include updating and upgrading several existing branches, including Alexandria, Smouha, Fayoum, and Port Said, according to the latest banking and technological standards, improving customer experience and enhancing service quality and efficiency.
The Arena Mall branch offers a full range of banking services for individuals and businesses, supported by advanced technological systems, reflecting IDB’s strategic focus on continuous development and institutional transformation.
The new branch also features the IDB-Elegance Private Banking Center, designed according to the highest banking standards to provide a premium and comprehensive banking experience, placing the needs of high-net-worth clients at the forefront. The center provides a modern, private, and comfortable environment, along with a dedicated relationship management team offering financial consultations and integrated banking solutions in wealth management, savings, and investment, demonstrating the bank’s commitment to building long-term relationships with elite clients and delivering value beyond traditional banking services.
IDB continues to implement its ambitious nationwide expansion and development plan, reinforcing its role in supporting productive sectors, particularly the industrial sector, and affirming its commitment to promoting financial inclusion and actively contributing to sustainable development.
