The Industrial Bank is a public institution
First: Establishing
IB was established in 1958 and started working in March of 1959.
 Second: purposes and objectives:

Credit facilities: The bank provides the industrial sector (public, mixed, cooperative, private and professional) with the following facilities:
- Short-term loans (less than one year) to finance working capital, purchase raw materials and secure providing production requirements.
- Medium-term loans (1 – 5 years) to finance establishing industries and professions whether to purchase machines and equipments or to construct or purchase buildings for industry’s or profession’s purposes.
- Long-term loans (5 – 10 years) to establish industries or professions whether to purchase machines and equipments or to construct or purchase buildings for industry’s or profession’s purposes.
- Debit current accounts for both public and mixed sectors,  cooperatives and professional associations, only to provide the necessary requirements of cash within certain limitations; those accounts move continuously.
- Discounting commercial and industrial bonds and purchasing checks and drafts.
- Advances for shipping documents (exports) according to a certain percentage of each exported shipment.
- Advances for export contracts according to a certain percentage of each shipment.
- Non-cash facilities such as warranties and acceptances.
- Financing graduates from mechanical and electricity collages, medium industrial institutes and the like institutes related to industrial sector, as well as industrial secondary schools and professional training centers according to special encouraging provisions.
- Financing inventors related to industrial field according to special encouraging provisions.
- Financing against industrial saving. Amounts granted this way are defined relatively by saving’s sum and time according to encouraging provisions.

Banking services: the bank presents the following banking services:     
- Accepts deposits and opens credit current accounts.
- Issues checks and drafts, and certifies checks drawn on the bank.
- Collects instruments, checks and drawings.
- Gives technical consultation and information according to provisions of operations’ system, and presents all other services that are not related to foreign exchange.
Third: IB investments in industrial sector, its deposits and branches:  
The bank’s total investments in industrial sector developed from SP80 millions at the end of 1970 to SP1575 millions at the end of 1990 and to SP3825 at the end of 1996.

The deposits developed from SP65 millions at the end of 1970 to SP1457 millions at the end of 1990 and to SP3623 millions at the end of 1996.

The number of its branches developed from 3 branches at the end of 1970 to 15 at the end of 1996.
The bank’s deposits and investments developed during 1990 – 1996.