United Bank’s Deposit Portfolio Hit EGP 14 Bln At End-2012
The United Bank’s deposit and loan portfolios reached EGP 14 billion and EGP 4.5 billion, respectively at the end of 2012.
High returns on savings certificates have contributed to increasing the value of the bank’s deposit portfolio, said Mohamed Ashmawy, chairman of the bank.
Ashmawy lauds Al-Azhar for approving sukuk law which will boost the national economy. He emphasized on the importance of the World Bank’s approval over sukuk which will attract more investments to the country.
In other respect, he affirmed that the increase in the dollar’s value against the Egyptian pound does not represent a challenge against investors as long as there is no dollar shortage.
