The United Bank achieves EGP 1.5 billion in net profit during the first half of 2025, with a growth of 27% over the same period last year.
17/08/2025
The United Bank achieves EGP 1.5 billion in net profit during the first half of 2025, with a growth of 27% over the same period last year.
Cairo: August 2025
The United Bank announced a net profit of EGP 1.5 billion during the first half of the year, a growth of 27% compared to the same period last year. This was supported by a notable growth in the financial position, which reached EGP 89.5 billion, an increase of 8%, resulting from a rise in deposits to EGP 69.7 billion, with an 11% growth, along with an increase in the loan portfolio to EGP 35.9 billion, a 15% increase.
Net profit before taxes reached EGP 2.1 billion, compared to EGP 1.6 billion in the same period last year, a growth rate of 33%. Consolidated net profit also reached EGP 1.6 billion, compared to EGP 1.2 billion, a growth rate of 27%. The bank also achieved a total comprehensive income of EGP 2.2 billion compared to EGP 1.3 billion, a growth rate of 67% over the previous year.
The bank’s capital adequacy ratio was recorded at 21.5%, a level that exceeds the minimum limits set by the Central Bank of Egypt and the Basel Committee, reflecting the strength of its capital base and the bank’s ability to withstand unexpected losses. The non-performing loan (NPL) ratio was 1.4%, while the loan loss coverage ratio was 216%, which reflects the quality of the bank’s assets and the adequacy of its provisions.
The local liquidity coverage ratio (LCR) was 975.7%, and the foreign currency LCR was 278.1%. The local net stable funding ratio (NSFR) was 212.2%, and the foreign currency NSFR was 191.4%, exceeding local and international regulatory requirements. This reinforces the bank’s ability to fulfill its obligations and steadily grow its business.
The net interest margin (NIM) also witnessed a significant improvement during the first half of the year, reaching 6.8% compared to 6.7% in the corresponding period of the previous year, which reflects the quality of balance sheet management and the adoption of best international practices in product pricing.
The return on equity (ROE) increased to 24% compared to 23% in the same period last year, and the return on assets (ROAA) increased to 3.8% compared to 3.5%, which reflects operational efficiency and optimal use of available resources.
The cost-to-income ratio decreased from 34% to 30%, which reflects enhanced operational efficiency and optimal use of available resources.
Ashraf El Kady, CEO and Managing Director of The United Bank, stated that the bank was able to achieve a comprehensive mix during the first half of the year that combines high profitability indicators, strong financial solvency, and high liquidity. This is supported by a competitive advantage represented by the wide variety of banking products and the quality of service provided, whether Islamic or conventional, and in local or foreign currency. He emphasized that this mix, coupled with strategic investments in infrastructure and digital platforms and a commitment to the best international practices in risk management, opens up wide horizons for a strong launch and a phase of accelerated growth in the near future.
El Kady added that digital transformation and technological innovation are a fundamental محور in the bank’s strategy, through the development of electronic channels, the adoption of the latest technological solutions, and the launch of innovative banking products and services that meet the needs of various customer segments, while committing to supporting sustainable initiatives and financing green projects.
He also pointed out that the loan-to-deposit ratio at The United Bank, which is among the highest in the banking sector in both local and foreign currencies, embodies the bank’s commitment to its essential role in driving the Egyptian economy by providing the necessary financing for vital projects and strengthening productive sectors, within a strategic approach that keeps pace with the growth currently witnessed by the Egyptian economy, especially in the industry, tourism, and construction sectors, which are achieving qualitative leaps at the present time.
El Kady noted that The United Bank’s stock reflects the strength of its financial position, as its positive performance since the beginning of the year, accompanied by strong results and business growth, has been evident. The stock is also characterized by a clear decrease in price volatility compared to most stocks in the banking sector, which makes it more attractive to investors. He explained that the bank is working to attract the largest segment of Egyptian and foreign investors, in light of financial analysts’ reports that support positive forecasts for the stock to achieve significant leaps in its market value, accompanied by strong buy recommendations.
It is worth noting that The United Bank won 6 awards and honors during the first half of 2025 as follows:
Forbes Global magazine includes The United Bank in its list of the 50 strongest public companies in Egypt.
The Union of Arab Banks honors The United Bank for its efforts and contributions to the financial and banking sector.
“Best Bank for Investment Solutions 2025” award from Global Business and Finance.
The LSEG for anti-money laundering and combating the financing of terrorism applications grants The United Bank the Shield of Excellence.
The El-Afadel Summit honors The United Bank as the best financial institution in the Egyptian market for 2024.
The Ministry of Communications and Information Technology grants the Pioneers of the Nile – The United Bank team the Shield of Excellence for its contributions to the “Qodwa Tech” initiative.
End.
