The United Bank Exceeds EGP 3 Billion Egyptian Pounds in Real Estate Financing for Low and Middle-Income Housing

16/06/2025

On the Sidelines of Akhbar Al-Youm's 5th Real Estate Conference:
The United Bank Exceeds EGP 3 Billion Egyptian Pounds in Real Estate Financing for Low and Middle-Income Housing
 * The United Bank is the seventh largest financier for low and middle-income housing in the Egyptian market.
 * The real estate financing portfolio for low and middle-income housing serves 16,500 clients across 28 Egyptian governorates.
 * Real estate financing is one of the mechanisms adopted by the state and The Central Bank of Egypt to achieve social justice and eliminate informal settlements.
 * Real estate financing initiatives lead to market recovery and meet the increasing demand for real estate.
Cairo: June 16th, 2025
Ashraf El Kady, President of The United Bank, announced that the bank's real estate financing portfolio for low and middle-income housing exceeded EGP 3 billion Egyptian pounds by the end of May 2025. This announcement came on the sidelines of UB sponsorship of the fifth edition of Akhbar Al-Youm's Real Estate Conference, held today in Cairo under the patronage of Dr. Mostafa Madbouly, Egypt's Prime Minister.
This makes The United Bank the seventh largest financier for low and middle-income housing in the Egyptian market, according to the report by the Social Housing and Real Estate Finance Support Fund. The number of clients who have been granted social housing and middle-income housing units has exceeded 16,500, with a financing volume exceeding EGP 3 billion, reaching EGP 3.225 billion.
El Kady affirmed that the expansion of real estate financing services is one of the mechanisms adopted by the state and The Central Bank of Egypt to achieve social justice and eliminate informal settlements. Furthermore, he emphasized its importance in stimulating the market by providing subsidized units for middle and low-income individuals, which contributes to increasing overall economic growth rates.
Ashraf El Kady stated that UB offers real estate financing services in 28 governorates across the Republic, with significant attention given to Upper Egypt governorates. In addition, it is active in all Canal cities and the Delta region. The United Bank also provides real estate financing services for luxury housing.
The United Bank places great importance on digital applications that operate 24/7. This has a significant impact on accelerating work completion to serve real estate financing clients through instalment payments via more than 225 ATMs spread across all governorates, as well as UB’s 68 branches. It also offers the possibility of transferring salaries or switching from another bank without needing to visit branches.
In this context, The United Bank's infrastructure has enabled it to operate across all Egyptian governorates, especially in areas where The United Bank does not have branches.
End