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Financial Institutions and Correspondent Banking Department

As the primary point of contact for local and international banks dealing with Industrial Development Bank (IDB), the Department aims to establish a reliable network of correspondent banks to leverage their expertise, resources, and global reach in order to meet client needs and drive IDB’s growth and profitability, while maintaining full compliance with regulatory standards and sound risk management practices.
Backed by a specialized team of relationship managers, the Bank delivers a suite of products and services including but not limited to the following: 

Financial Institutions
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Confirming export letters of credit
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Issuing local guarantees that are backed by counter-guarantees received in favor of the IDB.
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Forfaiting solutions for exporters (non-recourse discounting of export letters of credit and other trade finance instruments).
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Providing support for trade finance and payments.
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Participating in risk-sharing arrangements for both funded and unfunded transactions. 
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Arranging treasury-related credit facilities to support activities such as current accounts (Nostro), foreign exchange dealings, and money market transactions. 

Should you have any inquiries, feel free to reach out to us at the following email address fi.team@idbe.com.eg