Five economic and social dimensions of The United Bank’s president interview on CBC Extra

06/09/2021

Ashraf El Kady - President of The United Bank

• With the testimony of international institutions, the Egyptian national economy recovered in a short period.
• The success of economic reform programs is due to the harmonious implementation of the reform program between The Central Bank and the government, with effective support from the political leadership.
• The real estate finance initiative will change the population map of Egypt and help in eliminating slums.
• Egypt is unique worldwide with a competitive return of 3% for the real estate finance initiative.
• The Central Bank of Egypt guarantee citizens' deposits in banks.
• The success story of The United Bank and a unique model for the experience of banking reform under the leadership of The Central Bank.
• Digital transformation and artificial intelligence have a great benefit on the national product and the welfare of the citizen.
• The role of banks under the leadership of The Central Bank in changing the general culture of the citizen and the transition to a cashless society.
• 6% of the bank's profits as a contribution to the field of community development and building the Egyptian person.

 

Ashraf El Kady said, during his exclusive interview yesterday with the great journalist Ismail Hammad in his weekly program "Banks and Investments" on Extra News channel, that the recovery of the Egyptian national economy was the main reason for the state’s strategic thinking, vision and good planning. As well as creating a state of harmony between The Central Bank of Egypt and the government with the support of the political leadership and the confidence of the citizen.

 

The interview, which lasted for an hour, dealt with five important messages of economic and social dimensions

 

The first message: Egypt's current renaissance is the result of a vision and executive plans for the economic reform program

 

Ashraf El Kady stressed that the economic and social renaissance is a success story that culminated in the efforts of the political leadership, led by President Abdel Fattah El Sisi, who took over Egypt in very difficult circumstances, as a result of two successive revolutions, in addition to the state of surveillance at home and abroad, noting that the most optimists Egypt could not recover so quickly and strongly as witnessed.

 

The president of The "United Bank" stressed that the giant national projects that are taking place on Egypt and the current renaissance is a natural extension of the decisions of the economic reform program, expressing his optimism during the next stage.

 

The second message: The latest real estate financing initiative will change the population map of Egypt and in eliminating slums.

 

Ashraf El Kady stated that the real estate finance initiative announced by the President and The Central Bank will change the