The United Bank acquired three weak entities that were not able to withstand the laws and policies of banking

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Overview

The United Bank acquired three weak entities that were not able to withstand the laws and policies of banking reform which turned their capital into negative territory. Those three entities were: The Egyptian United Bank, the Islamic Bank for Development and Investment and the Nile Bank.

The United Bank is considered the third largest banking entity with a paid up capital of 3.5 billion EGP.

The United Bank has a network of 65 branches, nationwide, that serves clients and meets all their financial and banking requirements. The United Bank has increased its ATMs network, reaching more than 200 ATMs, to meet customers' needs in various districts. A fleet of mobile banking units serve customers in different cities and centers that do not have branches.

The Bank attaches great importance to small and medium-sized enterprises for their role in leading the national economy; its strategy is based on supporting SMEs with banking solutions designed specifically to serve agricultural, commercial and communications sectors.

The United Bank is the eighth largest provider for low and middle- income, mortgage in the Egyptian market.

It was able to record a series of local and international achievements. It won number important local and international awards. It was awarded for its outstanding performance in providing traditional and digital financial services from the Union of Arab Banks and Standard Chartered.

Ashraf El Kady

Chairman and Managing Director

Farag Abd El-Hamed

Deputy Managing Director & Board member

Khaled Negm

Board Member

Menna Allah Ismaiel

Board Member

Amany Shams

Board Member

Ramy Sobhy

Board Member

Rania Toubar

Board Member

Tarek Mohamed Fahmy

Board Member

Mohamed Hossam Abd El-Rheem

Board Member

Mohamed Ali

Board Member

The United Bank

First Bank index is the first digital indicator in Egypt and MENA for measuring and catogrising banks' financial performance

EGP 7.7 bn
Shareholders’ equity by the end of 2019
30%
Return on shareholders equity by by the end of 2019
3.8%
Return on assets by the end of 2019
EGP 1.7 bn
Net profits by the end of 2019
EGP 3.5 bn
Total Capital by the end of 2019
2018
Best Bank in providing digital service from Union of Arab Banks
2018
Excellence Award for Best Digital Bank from Union of Arab Banks
2018
Top ten banks in providing digital service from Union of Arab Banks
2018
ward for co-financing as the best syndicated loan to finance heavy industrial activity in Africa and the Middle East by EMEA finance
2018
Excellence Award for Best Digital Bank from Union of Arab Banks
2019
Best Bank in Digital Transactions Award from International Finance