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We are serious in providing banking and technical support for SMEs, says Elkady
The bank will participate in financing major projects, and provide credit facilities for investors in the area, says Elkady
The bank aims to be present in important economic and social areas, says chairperson
We are coordinating with the NBE and Banque Misr to take part in syndicated loans arranged by both, said Abdel Hamid
The Egyptian economy is a war economy; all Egyptians should stick together to safely overcome this stage, says Elkady
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
In the Egara system, residential units are owned by the bank until the final instalment is paid.
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
This issue is still being studied, and we are coordinating with Kuwait regarding the AAIB, says Negm
The first contract stipulates that the SFD will provide EGP 100m for the United Bank to finance new and existing small enterprises nationwide
CBE recently announced it would sell the bank to a strategic investor by end of 2016
We have not yet received any formal notification from CBE, says El-Kady
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
We target 25% increase in funds directed to SMEs from the total loan portfolio within four years, says Abdul Hamid
CBE, other parties still studying issue of sale, we have not received instructions so far, says El-Kady
Budget is currently being reviewed by the CBE, ASA
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
While Fahmy is considered most likely to ascend to the leadership role, sources indicate that the CBE is assessing two additional candidates
Bank is reconsidering investment policies and will open 12 new branches to focus on developing the Suez Canal area, says Abdel Hamid
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 …
Sources suggest a 3-month renewal
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.
Plan for promoting investment opportunities in Egypt should be conducted
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.
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
United Bank branches will increase to 62, to cover all the governorates
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 …
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 …
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion
The library covers banking history in Egypt from the early 20th until present day, also providing context of Egyptian history in general.