The United Bank achieves EGP 634 million net profit as of March 31, 2026, with asset growth reaching EGP 110.9 Billion, according to standalone financial statements

01/06/2026

The United Bank achieves EGP 634 million net profit as of March 31, 2026, with asset growth reaching EGP 110.9 Billion, according to standalone financial statements

Tarek Fayed – Chief Executive Officer and Managing Director:
•    Significant growth in total assets and deposits.
•    Strategic expansion in financing small and medium enterprises (SMEs).
•    Launch of innovative banking products supporting financial inclusion and investment for individuals and corporations of all sizes.
•    Sustained growth, maximized performance, and achieving sustainable profits.
•    Striking a balance between economic growth and social responsibility in accordance with the bank’s strategy and sustainable development goals.

Cairo: June 1, 2026

The United Bank announced its standalone financial results for the financial period ending March 31, 2026, which demonstrated growth indicators across total assets, as well as the deposit and loan portfolios.

The total financial position recorded EGP 110.9 billion at the end of March 2026, compared to EGP 99.8 billion at the end of December 2025 with an increase of EGP 11.1 billion, representing 11% growth rate. This reflects The United Bank's capability to enhance its assets amid current regional and global challenges.
Focus on Deposit and Loan Growth Driven by Customer Confidence
Total customer deposits rose to EGP 85.2 billion at the end of March 2026, compared to approximately EGP 75.8 billion at the end of December 2025. 

This marks an increase of EGP 9.4 billion and a 12% growth rate, driven by an increase in deposits from large, medium, and small enterprises, which reached EGP 36.6 billion at the end of March 2026 compared to EGP 28.1 billion at the end of December 2025 with 30% growth rate. 

Retail (individual) deposits also grew to EGP 48.6 billion at the end of March 2026 compared to EGP 47.7 billion at the end of December 2025 with 2% growth rate. This reflects growing customers trust from both individuals and corporations; retail deposits accounted for about 57% of total customer deposits, while corporate deposits accounted for around 43%.

Total loans and facilities reached EGP 45.1 billion at the end of March 2026, compared to around EGP 38.3 billion at the end of 2025 with an increase of EGP 6.8 billion and 18% growth rate. This was driven by a 22% growth in corporate loans, which reached EGP 35.3 billion at the end of March 2026 compared to EGP 28.9 billion at the end of December 2025. Retail loans also increased by 4%, reaching EGP 9.8 billion at the end of March 2026 compared to EGP 9.4 billion at the end of December 2025.

•    Net Interest Income: recorded EGP 1,311 million, compared to EGP 1,207 million during the same period last year, achieving a 9% growth rate.
•    Net Fee and Commission Income: recorded approximately EGP 196 million by the end of March 2026, compared to EGP 186 million during the same period last year, a 5% growth rate.
•    Net Profit After Tax: reached EGP 634 million during the first quarter of 2026, while net profit before taxes reached approximately EGP 950 million.

The United Bank achieved positive financial indicators, with the Capital Adequacy Ratio (CAR) reaching 20.58%, surpassing the minimum limits set by the Central Bank of Egypt (CBE) and Basel regulations. The bank enjoys high liquidity ratios according to Basel regulations and CBE guidelines; the total loan-to-deposit ratio stood at 53%, recording 65% in local currency and 32% in foreign currencies.

In terms of asset quality, the Non-Performing Loan (NPL) ratio stood at 1.1%, while the Loan Loss Provision Coverage Ratio reached 337%, reflecting strong asset quality and adequate provisioning.

The first quarter of 2026 witnessed intensive activity for The United Bank across four main pillars, reflecting its alignment with Egypt’s economic development goals, financial inclusion, and the directives of The Central Bank of Egypt.

1. Supporting tourism and investment sectors
The United Bank participated within a banking consortium to arrange several syndicated loans aimed at covering part of the investment costs for tourism projects, reinforcing its role as a strategic partner for the tourism sector. This comes alongside expanding finance into other vital sectors, particularly manufacturing, contracting, infrastructure, import-substitution industries, and export-driven businesses.

2. Expanding SME Financing and Financial Inclusion
The United Bank signed a strategic partnership agreement with "e-Aswaaq Misr" to provide innovative financing solutions that drive economic growth and empower various segments of society economically across Egypt's governorates.
Additionally, the bank launched the "Themar" product, dedicated to financing micro, small, and medium enterprises (MSMEs). This initiative aims to expand the production base, enhance economic growth, improve the quality of local components, and increase the competitiveness of national industries. Consequently, the MSME financing portfolio surged to EGP 4.03 billion at the end of March 2026, compared to EGP 2.92 billion at the end of December 2025 with 38% growth rate. The share of performing MSME loans out of the bank's total portfolio increased to 27.43% at the end of March 2026, up from 19.92% at the end of December 2025.

3. Developing Retail Products and Services
The United Bank launched a package of new financing products tailored to meet citizens' needs and expand financial inclusion. Notably, the bank introduced the "Doctors Financing" program to support and develop the health and medical services sector across various governorates, alongside offering a number of traditional and Sharia-compliant savings pools with competitive returns.

4. Corporate Social Responsibility (CSR)
UB continued executing development and solidarity initiatives, most notably programs to integrate and visually empower people of determination in El Arish. It also participated in the national "Future Scientists Scholarship" initiative under the auspices of the Central Bank of Egypt to support outstanding, underprivileged students in Egyptian universities. Furthermore, the bank launched extensive food distribution campaigns during the Holy Month of Ramadan, covering five governorates.

Awards and Recognition
During the first quarter of 2026, The United Bank garnered two prestigious awards. It was listed in Forbes Middle East's Top 50 Companies and Top 50 Strongest Brands for 2026. Additionally, the "Leaders" institution awarded the CEO and Managing Director of The United Bank the Best CEO Award for 2025, in recognition of his leadership efforts and role in boosting institutional performance.
Executive Commentary.

Commenting on Q1 2026 financial results, Tarek Fayed – CEO and Managing Director, The United Bank stated: "These results reflect the institution's success in executing a balanced business strategy centered on achieving sustainable growth and maximizing value added to the national economy, in parallel with enhancing institutional performance efficiency and developing innovative banking and digital solutions."

He added that The United Bank continues to operate in line with its strategic vision, which aligns with the state's direction and The Central Bank of Egypt's mandates, particularly regarding expanding financial inclusion, supporting MSMEs, stimulating investment and production, and accelerating digital transformation.

Fayed explained that UB is paying increased attention to financing vital, value-adding sectors, primarily those generating foreign currency revenues like tourism and exports (such as textiles, ready-made garments, and agricultural products), whether directly or through alliances that deepen local manufacturing to boost the national economy's competitiveness.

He concluded by emphasizing that The United Bank's strategy extends to reinforcing its societal and developmental role, aiming to strike a balance between economic goals and social responsibility in accordance with sustainability standards and the UN Sustainable Development Goals (SDGs) 2030.

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