By the end of August 2024 The United Bank is to allocate funding with 1.930 billion Egyptian Pounds as per the mortgage initiative targeting limited- income citizens

16/09/2024

By the end of August 2024

The United Bank is to allocate funding of 1.930 billion Egyptian Pounds within mortgage initiative targeting limited- income citizens

Cairo: September 2024

The Social Housing and Mortgage Finance Fund revealed in its latest report that The United Bank allocated financing 1.930 billion L.E. by the end of August 2024, as per the initiative addressed to limited income citizens.

Hence, The United Bank captures 2.6% market share of financing directed to support limited- income mortgage. According, UB is ranked the eighth place in the list of banks providing mortgage services.

The data issued from the Social Housing and Mortgage Finance Fund (SHMFF) reflects the vital role UB played in enhancing the real estate sector and providing limited- income citizens with housing opportunities in different regions of the Republic.

It is worth mentioning that UB provides its mortgage services through 68 branches around the Republic. Furthermore, the digital services package “Your Bank Online” which includes the digital wallet, mobile banking, and internet banking, aiming to make it easier for clients and saving their time and effort, so they can fulfill their obligations in time.