Featured Egypt’s Social Housing Fund, United Bank sign deal to expand mortgage finance cooperation Aya Anwar Oct 22, 2025 0 Egypt’s Social Housing and Mortgage Finance Fund (SHMFF) signed a new cooperation protocol with the United Bank on…
Featured United Bank soars on EGX debut after stake sale Aya Anwar Dec 10, 2024 0 Egypt's United Bank shares surged on their EGX debut after the government sold a 30 per cent stake, raising nearly…
Featured Egypt’s United Bank successfully completes share offering, raising EGP 4.57b – EGX Yomna Yasser Dec 4, 2024 0 The United Bank of Egypt has successfully concluded its public and private share offering, raising 4.57 billion…
Featured Egypt’s United Bank IPO oversubscribed 14.1 times Amwal Al Ghad EN Dec 2, 2024 0 The United Bank's public offering has attracted subscription orders for 233 million shares, achieving a coverage…
Featured United Bank of Egypt’s private placement oversubscribed by 3 times a day before… Yomna Yasser Nov 24, 2024 0 The United Bank of Egypt’s private placement has been met with overwhelming success, with the initial tranche…
Featured United Bank’s private offering oversubscribed 1.05 times Aya Anwar Nov 20, 2024 0 The private offering of United Bank of Egypt’s shares was 1.05 times oversubscribed on its first day, just minutes…
Featured Egypt’s FRA approves United Bank’s IPO on EGX Aya Anwar Nov 20, 2024 0 Egypt's Egyptian Financial Supervisory Authority (FRA) has approved the listing of The United Bank on the Egyptian…
Featured URGENT: Egypt c.bank plans United Bank stake IPO Yomna Yasser Sep 22, 2024 0 The Central Bank of Egypt (CBE) announced on Sunday its intention to offer a stake of United Bank’s shares on the…
forex news EGP gains slight ground against USD on Monday Nada Ali Aug 5, 2024 0 The Egyptian Pound (EGP) experienced a slight appreciation against the US Dollar (USD) at the opening of trading on…
forex news EGP nudges up against USD in early Tuesday trade Nada Ali Jul 23, 2024 0 The Egyptian Pound (EGP) increased against the US Dollar (USD) at the start of trading on Tuesday, July 23, 2024.
Banks EGP down against USD in early Thursday trade Nada Ali Jun 27, 2024 0 The Egyptian Pound (EGP) depreciated against the US Dollar (USD) as trading began on Thursday, June 27, 2024.
Money Egypt-UAE currency swap deal leads to better use of hard currency: United Bank CEO Dina Abdel Fattah Oct 2, 2023 0 Egypt’s recent $1.4 billion currency swap agreement with the UAE will help reduce demand for the dollar and…
Featured Egypt to sell state stakes in 3 firms in Q4, 3 more in Q1-2024 Fatma Ibrahim Aug 29, 2023 0 Egypt plans to offer shares in three of its state-owned companies on the stock exchange (EGX) in the fourth quarter…
Money Crédit Agricole Egypt denies talk of due diligence on United Bank Amwal Al Ghad English Aug 21, 2023 0 Crédit Agricole Egypt denied a report on Monday it was undertaking due diligence on the potential acquisition of…
Money BREAKING: Egypt’s central bank picks Barclays for United Bank sale Yomna Yasser May 17, 2023 0 Egypt’s central bank has announced on Wednesday that it had picked Barclays Bank as its international financial…
Money FACTBOX: 32 firms under Egypt state share sale programme Yomna Yasser Feb 9, 2023 0 Egypt has announced on Wednesday its share sale programme, which will involve selling stakes in 32 state-owned…
Money Egypt’s pound surpasses EGP 27 level against dollar at closing Mostafa Mahmoud Jan 5, 2023 0 Egypt’s pound currency fell to surpass the EGP 27 level against the U.S. dollar during the closing trade at banks…
Money Saudi sovereign wealth fund in talks to acquire Egypt’s United Bank for $600 million Yomna Yasser Dec 12, 2022 0 Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) is in advanced talks to acquire Egypt’s…
Money Egypt’s United Bank secures Afreximbank $600 million loan to support SMEs – sources Amwal Al Ghad English Jun 7, 2021 0 African Export-Import Bank (Afreximbank) will loan Egypt’s United Bank $600 million for on-lending to support small…
Money Egypt’s central bank plans United Bank stake sale within H1-2020: governor Amwal Al Ghad English Dec 12, 2019 0 Egypt’s Central Bank Governor Tarek Amer said on Wednesday he expects the deal to sell a stake in the United Bank…
Money EFG Hermes chosen as financial adviser in deal to sell United Bank Ahmed Ali Nov 24, 2019 0 The Central Bank of Egypt (CBE) has chosen a consortium grouping EFG Hermes and the New York-based Evercore, as…
Money Egypt’s United Bank ups SMEs finances to EGP3.3 bln Ahmed Ali Aug 1, 2019 0 The United Bank injects 150 million Egyptian pounds to SMEs portfolio by the end of June 2019 as part of CBE…
Money Allianz reaches group life insurance deal with Egypt’s United Bank Eslam Abdelhameed Oct 28, 2018 0 Allianz Egypt, part of German insurer Allianz, signed on Thursday a group life insurance deal with Egypt’s…
Banks Afreximbank studying $50 mln SME loan for Egypt’s United Bank Yomna Yasser Dec 30, 2017 0 The Africa Export-Import Bank (Afreximbank) is studying lending Egypt’s state-run United Bank around $50 million to…
Banks Egypt central bank’s exit from United Bank delayed on hopes for bigger return Yomna Yasser Jul 25, 2017 0 Egyptian central bank’s plans to exit from the United Bank, in which it holds a 99 percent stake, could be delayed…
Banks United Bank attains 120mn Egyptian pounds from SFD to fund SMEs Yomna Yasser Mar 30, 2017 0 State-run United Bank of Egypt obtained 120 million Egyptian pounds from the Social Fund for Development (SFD) in…
Banks United Bank partners with SCZone to support Suez Canal investors Yomna Yasser Dec 28, 2016 0 The state-run United Bank of Egypt has signed Wednesday a partnership with the General Authority for Suez Canal…
forex news Dollar slightly rises against Egypt pound at early interbank trade Yomna Yasser Nov 17, 2016 0 Dollar rose once again above 15 to Egyptian pound in 9 banks during early interbank dealings in Egypt on Thursday.…
Banks United Bank in Egypt to be sold late 2016, early 2017: chairperson aya salah Aug 21, 2016 0 The actual procedures of offering the United Bank for sale may start in late 2016 or early 2017, according to…
Banks Kuwait Finance House shows interest in buying United Bank of Egypt: sources Yomna Yasser Aug 6, 2016 0 Kuwait Finance House is interested in bidding for Egyptian central bank’s share in the United Bank, senior banking…
Banks United Bank of Egypt braces for major cut in bad loans before year-end Yomna Yasser Jul 11, 2016 0 Egypt’s state-run United Bank seeks to reduce its portfolio of bad loans to 2.5 billion Egyptian pounds ($281.5…
Banks United Bank seeks higher financing to Egypt’s SME sector Yomna Yasser Mar 17, 2016 0 United Bank of Egypt is planning to boost its financing to small and medium businesses to represent 25 percent of…
Banks United Bank loans EGP650 million to Egypt SMEs in 2014 Noha Gad Jan 15, 2015 0 United Bank – Egypt has provided around 650 million Egyptian pounds (US$90.8 million) total financing for the small…
Banks United Bank eyes New Investment Arm to Support Egypt Industry Yomna Yasser Dec 30, 2014 0 United Bank Egypt plans to launch a new investment arm in the industrial development sector within the first…
Banks United Bank Injects EGP200mn in Biggest Loan in Egypt’s Banking Sector Yomna Yasser Nov 26, 2014 0 United Bank Egypt is investing EGP 200 million in a syndicated loan for the state-owned Egyptian General Petroleum…
Banks United Bank, SFD to Ink EGP50mn Islamic Contract for Egypt’s Small Projects Yomna Yasser Nov 10, 2014 0 Egyptian lender United Bank S.A.E will sign tomorrow a new Islamic finance contract with the Social Fund for…
Banks United Bank Reduces its Non-Performing Portfolio to EGP3.5bn in June 2014 Salma Ayman Sep 16, 2014 0 United Bank has reduced its non-performing debt portfolio from EGP6.5 billion in 2006 to EGP3.5 billion in June…
Banks United Bank to Sell Suez Canal Investment Certificates Salma Ayman Sep 7, 2014 0 In cooperation with the Suez Canal Bank, the United Bank announced Sunday that it will start selling the investment…
Banks Who’s Who in Egypt’s Islamic Supervision Committee for Sukuks Yomna Yasser Aug 18, 2014 0 Egypt's financial regulator has selected 14 Islamic banking scholars to form the Islamic Supervision Committee for…
Financial Institutions Metropolitan Egypt’s Finance Hit EGP580mn till June Salma Ayman Jul 16, 2014 0 The total funds of Egypt's Metropolitan Consulting (S.A.E) reached more than EGP580 million till last June. CEO…