Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
26-03-18
Egypt: MIDB to inject USD28mln in energy sector
(MENAFN) 500 million Egyptian pounds (USD28 million) will be injected in the energy sector specially the petroleum and electricity sectors by Egypt's Misr Iran Development Bank (MIDB,) Amwal Al-Ghad reported.
A source with knowledge said that the bank seeks to pump 1.5 billion pounds in its loans portfolio that currently registered 6.5 billion pounds during 2018.
On the other hand, the SMEs portfolio has increased to 2 billion pounds in March 2018 compared to 1.5 billion pounds in 2017.
The bank has achieved net profit of 445 million Egyptian pound during 2017, seeking growth rates by 20 percent during the current year.
Established in 1975, Misr Iran Development Bank has current shareholding comprising Egyptian government through the National Investment Bank (29.93%), private-public Misr Insurance Company (16.06%), Misr Life Insurance (13.87%), and Tehran-based state-run Iran Foreign Investment Company (40.14%).
MENAFN2603201800450000ID1096655853
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us