The United Bank is to announce The release of the first sustainability report

26/01/2025

The United Bank announced its issuance to the first sustainability report, reaffirming its commitment to responsible environmental, social, and economic practices.
Cairo: January 26th, 2025
The United Bank announced today its issuance to the first sustainability report, which highlights its full commitment to all environmental and social standards and best practices across various banking and social activities. The report also reflects its ongoing efforts to balance professional economic performance along with environmental and social responsibility.
The report includes a wide range of institutional indicators, most notably The United Bank's achievements in economic, social, environmental, and good governance practices. These measurements reflect the bank's keenness to play its Responsibility and influential role as a national economic intermediary aimed at achieving comprehensive and sustainable economic growth in accordance with the Egyptian state's plan and The Central Bank of Egypt.
The first sustainability report included five main axes: Firstly, the sustainable financing mechanisms - where The United Bank provided a set of financing solutions and invested in a number of areas that enhance the environmental and social dimensions, such as financing natural gas-powered transportation, waste recycling companies, and financing small, medium, and micro enterprises. In addition to setting policies to reduce carbon emission and environmental impact, such as reducing paper and energy consumption within its 68 branches, which cover most parts of the republic. As well as digitizing 75% of banking operations. In addition to launching digital banking products operating 24/7, including mobile banking, internet banking, and digital wallet.
Secondly, developing a sustainable community economy - through solving the 20 stalled factories crisis and drive them to re-operate again and production through innovative mechanisms and solutions. In addition to providing packages of financing solutions and specialized banking products for the small, medium, and micro-enterprise sector. As well as digital services and technical consultations while maintaining the sustainability of growth and profits.
The United Bank also contributed to many financial inclusion campaigns, whether affiliated with The Central Bank of Egypt and “Hayah Karima” Decent Life initiative. It also launched financial products and services that meet several target segments such as women, youth, and disables. As well as low-income people in 14 governorates of the republic.
The report continued to detail the bank's involvement in various initiatives and its commitment to sustainable community development, governance, risk management, and transparency.
Commenting on this significant event, Ashraf El-Kady, Chief Executive Officer and Managing Director, The United Bank stated that this sustainability report marks a major milestone in our banking and community journey towards achieving comprehensive sustainability

El-Kady highlighted that this report reflects UB deep-rooted commitment to fostering sustainability principles and best practices across environmental, social, and economic dimensions. The goal is to achieve a sustainable positive impact on the environment and society as a whole to ensure economic growth align with Egypt's Vision 2030

Nevine Kashmiry, Deputy Managing Director of Business Sectors, The United Bank expressed that the sustainability report serves as practical evidence of UB adherence to sustainable development principles and practices. The bank fully recognizes its responsibility towards the environment and society by supporting green projects and empowering women, youth, and people with disabilities economically and socially.

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