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The Industrial Development Bank (IDB) has won the award for "Best Strategic Restructuring and Development Plan in Egypt for 2024" from the Union of Arab Bankers.

The bank was honored during the awards ceremony organized by the Union of Arab Bankers, which was attended by a distinguished group of banking leaders from across the Arab world, as well as regional institutions and international figures. The event celebrated the achievements of Arab banking institutions with awards for excellence and banking accomplishments for the year 2024.

The award was received by Hussein Refai, CEO and Managing Director of the Industrial Development Bank. On this occasion, he stated:
"This recognition reflects our ongoing commitment to innovation and sustainability. It is the result of a bold vision and the continued implementation of a strategic plan in agreement with our main shareholder, Banque Misr, and the outcome of the dedicated efforts of an integrated team striving to achieve excellence in all banking areas."

Refai added:
"We will continue to work to enhance our role in supporting the Egyptian economy by offering innovative banking solutions that meet our clients’ aspirations and contribute to achieving sustainable economic development."

This achievement stands as a testament to the continuous efforts of the Industrial Development Bank in implementing a comprehensive restructuring plan aimed at improving performance and enhancing efficiency. The bank focuses on providing innovative banking services that meet customer needs and expectations, while also emphasizing its ongoing commitment to realizing its ambitious strategies, maintaining its role as an active partner in promoting comprehensive economic development and innovation in the banking sector.