Company Information

Get to know MIDBANK

MIDBANK, formerly known as Misr Iran Development Bank (MIDB), is a prominent Egyptian bank with a history dating back to 1975. In 2021, the bank underwent a major rebranding to MIDBANK, launching a new identity and strategy focused on digital transformation and customer-centricity. The bank aims to be a leading financial institution in Egypt by offering innovative and Sharia-compliant products and services to individuals, SMEs, and large corporations, supporting the country's economic development and financial inclusion goals.

Industry

Financial BankingPRIMARY
Financial Other Service
Financial Payment

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MIDBANK

Egypt

Founded in

1975 (51 Years)

Founded

Last online: No recent activity

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Markets.com

(327 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.