Latest in Tag: United Bank Highlight
Latest in Tag: United Bank
CBE pumps EGP 2.5bn into United Bank’s capital
Supporting the bank’s capital is meant to support its ability to expand in various sectors and expand its role as a prelude to selling it
United Bank calls on parliament to lift immunity off Khaled Beshr to collect debt worth EGP 32m
The United Bank requested the Egyptian House of Representatives to lift immunity off member of parliament Khaled Beshr to take legal action against him in order to collect his debt worth EGP 32.03m. The bank said in its request to the parliament that Beshr had obtained several credit facilities for several years, which resulted in …
United Bank adopts strong expansion plan throughout 2017, despite bank sale discussions
We are serious in providing banking and technical support for SMEs, says Elkady
United Bank signs partnership protocol with Suez Canal Economic Zone
The bank will participate in financing major projects, and provide credit facilities for investors in the area, says Elkady
United Bank increases number of branches in Egypt to 51
The bank aims to be present in important economic and social areas, says chairperson
United Bank aims to increase its performing loans to EGP 7bn by year’s end: vice chairperson
We are coordinating with the NBE and Banque Misr to take part in syndicated loans arranged by both, said Abdel Hamid
Egypt’s future depends on increasing domestic, foreign investment: United Bank chairperson
The Egyptian economy is a war economy; all Egyptians should stick together to safely overcome this stage, says Elkady
United Bank provides an attractive avenue for Gulf, foreign banks to enter Egyptian market: chairperson
Daily News Egypt sits down with Ashraf Al-Kady in his first interview since he assumed the role of chairperson for United Bank in March
United Bank to launch ‘Egara’ financing system for real estate in regular and Islamic systems: chairperson
In the Egara system, residential units are owned by the bank until the final instalment is paid.
United Bank’s SMEs portfolio reaches EGP 900m: chairperson
According to El-Kady, SME-projects represent about 12% of the bank’s credit portfolio, and he aims to increase that number to more than 20% before the end of 2019
No serious steps taken so far to sell United Bank, offer shares of AAIB, Banque du Caire in IPO: CBE deputy governor
This issue is still being studied, and we are coordinating with Kuwait regarding the AAIB, says Negm
United Bank, SFD sign EGP 150m contracts to finance SMEs
The first contract stipulates that the SFD will provide EGP 100m for the United Bank to finance new and existing small enterprises nationwide
Ashraf El-Kady sets five-year plan for United Bank’s work despite CBE announcement
CBE recently announced it would sell the bank to a strategic investor by end of 2016
United Bank leaders deny knowledge of selling bank to strategic investor
We have not yet received any formal notification from CBE, says El-Kady
United Bank awarded best organisational re-structural bank in the market
Chairman and managing director of the bank, Ashraf El Kady, received the award in the presence of Deputy Chairman Farag Abdel Hamid and Managing Director Amr Maher
SMEs comprise 9.5% of United Bank’s loan portfolio by end of December 2015
We target 25% increase in funds directed to SMEs from the total loan portfolio within four years, says Abdul Hamid
Offering United Bank for sale still pending: chairman
CBE, other parties still studying issue of sale, we have not received instructions so far, says El-Kady
CBE’s launch of United Bank IPO contingent on approval of 2015 budget: Official
Budget is currently being reviewed by the CBE, ASA
United Bank-MoneyGram renewed agreement to facilitate international remittances
The renewed framework allows the bank’s customers to transfer money from an international location to Egypt through the bank’s branches and ATMs network
Uncertainty surrounds United Bank chairman appointment
While Fahmy is considered most likely to ascend to the leadership role, sources indicate that the CBE is assessing two additional candidates
United Bank aims to expand SME financing in 2016
Bank is reconsidering investment policies and will open 12 new branches to focus on developing the Suez Canal area, says Abdel Hamid
General Assembly of the United Bank gives the current board a new three month tenure
The General Assembly of the United Bank, which was held at the headquarters of the Central Bank of Egypt (CBE) a few days ago, decided to give the current board of directors an additional three month tenure that expires 31 March. The mandate of the current board had expired on Thursday 31 December, 2015. The …
CBE to decide upon the United Bank’s board of directors within days
Sources suggest a 3-month renewal
United Bank of Egypt receives award for money transfers
The award was presented by Regional CEO of Standard Chartered Bank Ahmad Abu Eideh, Executive Director of the office of Standard Chartered Bank Egypt Amr Abbas, and Customer Relations Manager Youssef Ali.
United Bank to issue investors guide on Egyptian land: Germeen Amer
Plan for promoting investment opportunities in Egypt should be conducted
United Bank-Egypt appoints new acting chairman until end of 2015
Ashmawy concluded his work at the bank on Monday after nine years as Chairman of United Bank, and began his task in managing the “Tahya Masr” account on Tuesday.
United Bank donates 30 medical devices to Ain Shams University Hospital
Ashmawy added that since the United Bank founded the administration, called Eithar, for community development in October 2006, it has been supporting two main axes: health and education, due to their great impact in societal development
12 new United Bank branches in 18 months: Mohamed Ashmawi
United Bank branches will increase to 62, to cover all the governorates
The United Bank signs fund contract with Tanmeyah worth EGP 200m
The United Bank (UB) signed a joint cooperation agreement with Tanmeyah Micro Enterprise Services to fund micro-enterprises across Egypt, according to Vice Chairman and Managing Director of UB Amr Maher. The total value of the joint cooperation agreement has been set at EGP 200m. This will be done through programmes for micro-enterprises and for funding …
United Bank to allow paying taxes, customs through branches
The United Bank will introduce in all branches a service for paying all government dues, such as individual and company taxes and customs, the bank’s chairman Mohamed Ashmawy revealed Thursday. The move comes in cooperation with the Ministry of Finance. Ashmawy stressed the significance of enhancing electronic payments in Egypt, instead of depending on traditional …