Egypt's Industrial Bank Posts First Profit Exceeding One Billion Pounds, Distributes Free Shares for First Time in Two Decades

Egypt's Industrial Bank achieved net profit of one billion pounds in 2025, marking the first time it has reached this level, while its ordinary general assembly approved the distribution of free shares to shareholders for the first time in twenty years.

The general assembly ratified the accounts for the year ended 31 December 2025, with management attributing these results to a restructuring plan launched in mid-2024.

Chief Executive and Managing Director Hussein Refaie said the bank has transitioned from facing structural challenges to achieving strong and sustainable growth, supported by a clear strategy that has accelerated the pace of operations.

On the figures, total assets rose 31% to reach 64.9 billion pounds by end of 2025, while customer deposits grew 44% to reach 52.1 billion pounds. The loan portfolio expanded 34% to reach 34.6 billion pounds, while operating income jumped 33% to 3.6 billion pounds. Profit before taxes and provisions rose 47% to 2.5 billion pounds.

Asset quality improved markedly; the ratio of non-performing loans fell from 13.9% to 8.1%, while the provision coverage ratio rose from 97% to 126% of total non-performing loans.

Non-executive Board Chairman Akram Tanawy announced that the bank will continue financing strategic projects in industry, energy, urban development, and clean energy. The bank also approved a plan to open new branches and renovate existing ones, spending approximately 500 million pounds on technology in 2025, the first year of a five-year program targeting total investments worth 3 billion pounds.