Despite Corona pandemic and within the initiative of The Central Bank for Real Estate Finance, in cooperation with the Social Housing Fund and real estate financing support
Ashraf El-Kady: Chairman of The United Bank
• The United Bank’s interest in the real estate financing initiative to support the Egyptian state's 2030 vision.
• A march of fruitful cooperation between the Real Estate Finance Support Fund and The United Bank.
• The real estate sector is a winning development horse.
• The United Bank gives its customers added value with digital features.
The United Bank achieves the highest inter-bank financing
Cairo: June 16, 2020
The United Bank succeeded in obtaining first place in the most recent report issued by the Social Housing Fund and real estate finance support for the month of May 2020 for all banks operating in the market.
Ashraf El Kady - Chairman of The United Bank - says that The United Bank was able to achieve great growth rates and a strong beginning in the retail banking activity in general and in the field of real estate financing in particular during the last period. This is despite the recent local and global economic challenges resulting from the spread of the Corona crisis.
Ashraf El-Kady added that the fruitful cooperation between The United Bank and the Social Housing Fund and real estate financing support coincides with and supports the strategic directions of the Egyptian state according to the 2030 vision towards improving the lives of citizens. And by providing housing units and health housing for low-income and middle-income in the governorates and new urban communities.
The real estate sector is a winning development horse
Ashraf El-Kady expressed that the real estate finance sector is one of the important engines of the Egyptian economic development locomotive. This is because it is directly and indirectly linked to more than 35 industries. In addition to his contributions to broadening the base of financial inclusion and supporting the state’s and the central bank plans towards becoming a non-monetary society and integrating the informal economy with the wheel of the formal economy and comprehensive and sustainable development.
Ashraf El-Kady explained that there are other social repercussions for the real estate sector, including: increasing employment rates, eliminating unemployment and urban expansion. In addition to eliminating slums and building a civilized model for Egyptian architecture.
Figures and indicators
Ayman Mohamed - Head of the real estate finance sector, says that The United Bank was able to grant 1,000 customers, at a value of 130 million pounds, during the first half of this year. This is within the initiative of The Central Bank of Egypt for real estate financing for limited and middle income financing. This is in addition to luxury housing customers.
The United Bank grants many added value and advantages to mortgage customers.
Rehab Azmy - Head of Retail Banking and Branches Sector - indicated that the real estate finance service gives its customers an added and distinguished value. And that is through a package of digital solutions and services that make it easier for them to conduct all their financial dealings from home without effort and in the least time such as: Internet banking service, bank wallet service, mobile banking service and also ATM service. These services operate with high efficiency around the clock, 7 days a week.
The end ,,,