The United Bank is to ascend to the seventh largest real estate financing service provider for low-income housing

10/10/2024

The United Bank is to ascend to the seventh largest real estate financing service provider for limited-income housing

 Cairo: 10th of October, 2024

 

The United Bank has ascended to the seventh largest real estate financing service provider for limited -income housing, as per the Limited- Income Housing Initiative with allocation financing reaches 1.994 billion Pounds. According to The Social Housing and Mortgage Finance Fund report issued end of September 2024.

 

Hence, The United Bank has allocated an amount of 2.6% market share of financing directed to provide limited- income real estate financing service. It has taken the seventh rank among banks providing the service with number of 14.502 customers.

 

The Social Housing and Mortgage Finance Fund (SHMF) revealed the vital role UB played in enhancing the mortgage sector and providing housing opportunities for limited- income citizens in different of the Republic regions.

 

It is worth mentioning that UB provides its mortgage services through 68 branches around the Republic. Moreover, a package of digital services under the name “Your Bank Online” including the digital wallet, mobile banking and internet banking, in order to facilitate the financial transactions and payment of obligations in time for the clients, saving their time and effort.