4 important files in the interview of the President of The United Bank yesterday to CBC Extra
Cairo: March 23, 2020
The first file:
Ashraf El-Kady: The 3% interest rate cut helped to preserve the gains from the economic reform program
Ashraf El Kady, Chairman of The United Bank, praised the package of decisions taken by the state to support the Egyptian economy, the last of which was to support the Egyptian Stock Exchange by pumping 3.5 billion pounds from the National Bank and Banque Misr, which is scheduled to reach 20 billion pounds according to the instructions of the president Sisi.
During his meeting with the "Banks and Business" program, on the "Extra News" channel presented by the media Ismail Hammad, the judge added that the political decisions taken by the state and the recent political leadership in supporting the Egyptian economy and the Egyptian Stock Exchange would contribute to preserving the gains made by the Egyptian economy During the recent times, adding that the current time is the right time to work in the stock market, pointing out that the decline that affected the Egyptian stock market affected all international exchanges due to global conditions and the spread of the Corona virus.
The judge emphasized that the decision to cut interest rates by 3% contributed to preserving the gains of the economic reform program.
The second file:
Ashraf El Kady: 45 billion United Bank budget and 7.5 property rights
Ashraf El Kady, Chairman of the Board of The United Bank, said that the true beginning of the success of the United Bank was in 2006, during which the bank grew during the period of banking reform adopted by the government and the central bank after the bankruptcy of 3 banks, where the bank the United Bank took over the three weak banks, which reached Its debt to minus 6 billion, and the central bank provided funds to help in the establishment of the United Bank.
During his meeting with the "Banks and Business" program, on the "Extra News" channel, the judge stressed that the United Bank has a very strong budget, as its budget has reached 45 billion and the property rights amounted to 7.5.
Ashraf El Kady pointed out that the bank is an advanced rank among the banks of Egypt, adding that the bank is your right to net profit billion 750 million in 2019.
The third file:
The United Bank: We took 18 precautions to tackle the spread of the Coruna virus
Ashraf El Kady, Chairman of the Board of The United Bank, said that since the beginning of its crisis, the United Bank has been keen to take a series of decisions and measures that protect the bank’s employees alongside the bank’s customers.
Ashraf El Kady explained, during his meeting with the "Banks and Business" program, on the "Extra News" channel, we have put in place 18 precautionary measures to protect customers and workers in the United Bank, and we have made work from home available to bank employees who the nature of their work permits.
Ashraf El Kady continued: “We also carried out a number of procedures to raise awareness of the risks of the virus, and the proper ways to deal with its prevention, as well as communication and awareness of customers through “sms” messages through“ ATM ”as well as the ongoing cleansing of all branches, and alerting to the necessity of using antiseptics, handles and masks.
El Kady: We aim to increase the international portfolio to support small and medium enterprises to rates of more than 20%.
Ashraf El Kady, Chairman of the Board of The United Bank, said that the bank aims to provide more support to the national economy during the coming period, especially in the area of support and financing for small and medium projects, wherever we managed at the end of 2019 to reach 20%, which is the ratio specified for project financing. Small and medium.
Ashraf El Kady added that the bank aims during the coming period to increase the international portfolio to support small and medium enterprises to rates of more than 20%.
Ashraf El Kady stressed that the bank contributes to all the initiatives announced by the central bank, the last of which was participation in the "Nile Pioneers and Value Chains" initiative in which 12 Egyptian banks participated.
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