IDWBE: Profits, before Appropriations, Hit EGP116mn at Sept-end

Egypt’s Industrial Development & Workers Bank (IDWBE) registered profits, before appropriations, amounting to 116 million Egyptian pounds by end of September 2014, said executive board member Hamdi Azzam.

This comes in comparison with 86 Egyptian pounds in profits posted by end of September 2013.

Speaking to Amwal Al Ghad, Azzam referred that IDWBE is preparing the bank’s strategic plan for the coming three years.

Moreover the official said IDWBE’s portfolio of SME financing reached 500 million pounds.