The United Bank and the Social Housing and Mortgage Finance Fund Sign a New Cooperation Protocol Valued at EGP 5 Billion to Support Limited and Middle-Income Citizens

22/10/2025

The United Bank and The Social Housing and Mortgage Finance Fund sign a new cooperation protocol valued EGP 5 billion to support limited and middle-income citizens
Cairo: October 22, 2025
In line with its developmental and social role, The United Bank announced the signing of a joint cooperation protocol with The Social Housing and Mortgage Finance Fund (SHMF), with a total value of EGP 5 billion. The goal is to provide various packages of facilitated mortgage finance solutions for limited and middle-income citizens, aligning with The State and The Central Bank of Egypt's initiatives to increase homeownership rates for suitable housing units and expand financial inclusion.
The agreement was signed by: May Abdelhamid, Chief Executive Officer, the Social Housing and Mortgage Finance Fund and Tarek Fayed Chief Executive Officer and Managing Director, The United Bank.
The signing ceremony was attended by several leaders from The United Bank and the SHMF, including: Hala Ghazy – Deputy CEO of the SHMF, Omnia El Maadawy – General Manager of the General Administration for Support, as well as Farag Abdel Hamid – Deputy Managing Director, Nevine Kashmery – Deputy Managing Director for Business Sectors, Rehab Azmy – Assistant Managing Director for Retail Banking, Ayman Mohamed – Head of Mortgage Finance Sector, and an elite group from The United Bank's team.
The protocol includes offering diverse mortgage finance programs with flexible repayment periods and competitive returns, providing a wide segment of citizens with the opportunity to own suitable housing that meets their needs and capabilities, in line with achieving the Sustainable Development Goals (SDG) 2030.
Following the signing ceremony, May Abdelhamid emphasized that The United Bank has been one of the Fund's most important partners since 2020. She noted that the new protocol aims to increase the volume of dedicated financing to EGP 5 billion, reflecting the depth of the partnership and directly serving limited and middle-income citizens seeking housing units within the Fund’s projects.
From his side, Tarek Fayed commented that this agreement opens the door for a wide segment of society toward achieving family and living stability through facilitated mortgage finance programs tailored to their circumstances, thereby enhancing social justice.
Fayed added that The United Bank’s mortgage finance portfolio has exceeded EGP 3.4 billion, serving over 17,500 clients across the Republic. He highlighted that The United Bank pays special attention to specific categories, such as youth, women, people of determination (special needs), and Egyptians working abroad.
Tarek Fayed also explained The United Bank's commitment to supporting mortgage finance clients through its 68 branches spread across the Republic, especially in Upper Egypt and the Delta, by facilitating procedures for SHMF clients, dispatching specialized work teams to these governorates, and providing digital services to ease payment methods for citizens.
In conclusion of the signing ceremony, both parties affirmed their commitment to continued close cooperation for the benefit of limited and middle-income citizens.

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