IDB and ElTarek Sign Co-Branded Card Agreement
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AI-assisted source synthesis · not an independent investigation.
On November 6, 2026, Fintech News Middle East reported that Industrial Development Bank (IDB) had reached an agreement with Egyptian automotive company ElTarek for Automotive. Under the agreement, IDB will issue a co-branded Mastercard in Egypt for ElTarek customers, including car buyers and customers who use ElTarek service centers. The report did not disclose the specific issuance date, product benefits, or other terms of the co-branded card. The progress confirmed so far is that the two parties have completed the agreement, and the co-branded card plan will cover customers related to vehicle purchases and after-sales services.
AI-written from reports · updated 14 hours ago
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- Fintech News Middle EastIndustrial Development Bank to issue ElTarek co-branded Mastercard in Egypt
Industrial Development Bank (IDB) has reached an agreement with ElTarek for Automotive to issue a co-branded Mastercard in Egypt for ElTarek customers, covering car buyers and customers who use its service centers.
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