What does IDBP mean in BANKING

The Industrial Development Bank of Pakistan (IDBP) is a specialized, state-owned financial institution that provides credit to industries in Pakistan.

IDBP was established in 1978 by an act of parliament as the apex financing agency for the promotion, development and financing of industry in the country.

IDBP offers long and short term finance solutions tailored to the needs of industrial enterprises and businesses. It also offers advisory services such as preparing project reports, feasibility studies, viability analysis etc. Additionally, it facilitates access to international funding sources such as foreign direct investment or commercial loans from international banks.

Services from IDBP can be availed by industrial units operating within Pakistan's private sector either through equity placement or loans/finance facilities offered by the bank. Other businesses like agribusinesses, small and medium sized enterprises (SMEs) may also benefit from the various facilitation initiatives offered through this bank.

Yes, all projects applying for finance from this bank undergo rigorous assessment process whereby only those fulfilling standards laid out by the bank receive financing resources or other forms of support. Projects failing to meet these standards are rejected outright or sent back with instructions on improvements that must be made before they can qualify for consideration again.