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As part of its well-planned expansion strategy and efforts to enhance its geographical presence, the Industrial Development Bank (IDB) announced the opening of its new branch in Quesna City, Menoufia Governorate. This step reflects the Bank’s commitment to supporting economic and industrial activity in key areas and providing integrated banking services that meet the needs of various customer segments.

The opening of the new branch comes in response to the growing development witnessed in Quesna as one of the prominent industrial and commercial hubs. The branch aims to support the business community and enterprises, in addition to offering a comprehensive range of banking solutions for individuals, thereby promoting financial inclusion and facilitating access to banking services.

The Quesna branch represents a valuable addition to the Bank’s branch network as part of its 2026 plan, which aims to:

• Expanding the branch network and service points

• Growing the loan and financing portfolio

• Increasing deposit volumes

• Upgrading technological infrastructure and enhancing digital services

• Elevating customer experience in line with best banking practices

Mr. Hussein Refai, Chief Executive Officer and Managing Director of IDB, stated that the opening of the Quesna branch reflects the Bank’s vision of “smart expansion” through selecting strategic locations that support industrial and commercial activities. This approach strengthens the Bank’s ability to deliver innovative and flexible banking solutions that support development plans and meet customers’ needs as a comprehensive commercial bank.

He added that the Bank remains committed to supporting productive and investment projects and playing an active role in achieving sustainable economic development, in alignment with the state’s direction toward boosting growth and increasing employment rates.

About the Industrial Development Bank (IDB):
Established in 1947, the Industrial Development Bank is a comprehensive commercial bank offering a wide range of banking products and services to individuals and businesses, with a special focus on supporting the industrial sector and financing productive projects. The Bank contributes to promoting financial inclusion, empowering citizens economically, and supporting the national economy.