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The United Bank announced its sponsorship of the Annual Forum for Heads of Internal Audit in Banks, organized by the Union of Arab Banks (UAB). The forum is being held in Cairo under the title: "Towards an Integrated Model for Governance, Risk Management, and Innovation." This sponsorship comes as part of the bank's efforts to promote a culture of transparency and sound governance practices within the banking sector.
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The United Bank announced its sponsorship of the 19th edition of “People and Banks" Conference under the slogan "Smart Economy... Secure Future". The conference is organized by The Arab Media Center, under the patronage of The Central Bank of Egypt, and features broad participation from Egyptian banks, prominent banking and economic leaders, as well as representatives from international financial institutions.
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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.
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A banking consortium led by Suez Canal Bank (SCB) successfully signed a syndicated loan agreement worth EGP 4.485 billion for Madkour Projects, a subsidiary of Madkour Holding. The financing is intended to fund contracting works assigned to the company by the Military Works Department of the Ministry of Defense, specifically for the supply and installation of underground cables along the Suez Road to replace overhead cables, as part of a strategic infrastructure development initiative.
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Stemming from its strategy towards deepening corporate social responsibility (CSR) activities and its continuous support for the Egyptian health sector, The United Bank announces its sponsorship to the charity marathon that was held for Magdi Yacoub Heart Foundation Hospital.
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