Tarek Fayed drives United Bank to lead EGX-listed banks in deposits, loans
The United Bank emerged as one of the strongest performers among EGX-listed banks in H1 2026 under the leadership of Tarek Fayed, who took over as chief executive officer and managing director on 1 September 2025.
The bank topped FirstBank’s rankings for growth in customer deposits, total loans and corporate deposits, while ranking second in asset and corporate loan growth.
The United Bank topped FirstBank’s ranking of the fastest-growing listed banks by customer deposits after its portfolio rose 20.8 per cent in H1 2026 to about EGP 91.58 billion at end-June from EGP 75.82 billion at end-2025, an increase of about EGP 15.76 billion.
Corporate deposits were the main driver of this expansion in the bank’s funding base, rising 46.4 per cent to about EGP 41.12 billion at end-June 2026 from EGP 28.09 billion at end-2025, an increase of about EGP 13.03 billion.
The increase in corporate deposits accounted for about 82.6 per cent of the total growth in customer deposits during H1 2026, highlighting the significant contribution of the corporate segment to the expansion of the bank’s deposit base.
The strong performance extended to lending, with the United Bank topping the ranking of the fastest-growing listed banks by total loans. Its portfolio rose 29.6 per cent to about EGP 49.63 billion at end-June 2026 from EGP 38.28 billion at end-2025, an increase of about EGP 11.35 billion.
In corporate loans, he United Bank ranked second among the fastest-growing listed banks, after its portfolio rose 34 per cent to about EGP 38.66 billion at end-June 2026 from EGP 28.85 billion at end-2025, an increase of about EGP 9.81 billion.
This increase accounted for about 86.4 per cent of the total growth in the bank’s loan portfolio, indicating that the corporate segment was the main driver of credit expansion during H1 2026.
The simultaneous growth in corporate deposits and lending points to a clear expansion in the bank’s corporate business. Growth was not limited to attracting new funding from corporates, but was accompanied by a marked increase in lending to the segment, strengthening its contribution to the bank’s overall growth during the first half of the year.
The expansion in both funding and lending was also reflected in asset growth. The United Bank ranked second among the fastest-growing listed banks by assets, with total assets rising 17.29 per cent in H1 2026 to about EGP 117 billion at end-June from EGP 99.75 billion at end-2025, an increase of about EGP 17.25 billion.
The performance reflects the efforts of Tarek Fayed, ceo and managing director of the United Bank, and his team to continue expanding the bank’s business, with a clear focus on the corporate segment and strengthening its contribution to deposit and lending growth.
