The United Bank is to sponsor the 6th Arab Pensions and Social Insurance Conference
28/09/2022
Under the patronage of Ministry of Finance and the Minister of Social Solidarity
The United Bank is to sponsor the 6th Arab Pensions and Social Insurance Conference.
- Organizational development and providing an advanced level of social security for human capital are on The United Bank top priorities.
- Three UB strategies axes on human resources investment to maximize their performance.
- Using latest technology in banking applications reduces the climate change negative effects.
- The citizen’s right to enjoy digital technology.
Cairo: 29th of September, 2022.
The United Bank announces its technological sponsorship of the 6th Arab Pension and Social Insurance Conference, under the title of “Arab Pension Outlook 2050- Change and Opportunity”. The conference takes place in Sharm El Sheokh, South Sinai from 28 to 29 September 2022. Contributing to UB strategy framework that aims to sustainable organizational development and accomplishing the highest level of social security to its human resources.
The conference is under the patronage of Dr. Mohamed Maait- Minister of Finance, Major General Khaled Fouda- South Sinai governor, Dr. Nivine El Kabbag- Minister of Social Solidarity, Hassan Mohamed Shehata- Minister of Manpower, Dr. Mohamed Farid Saleh- Chairman of Financial Regulatory Authority, Lieutenant General Doctor Sheikh Mohammed bin Abdullah Al Khalifa- Chairman of Supreme Council of Health & Chairman of Bahrain Retired Society, Bahrain. Along with Major General Gamal Awad- CEO of National Organization for Social Insurance, Mr. Adel El Assomy- President of the Arab Parliament, Mr. Marcelo Abi Ramia Caetano- Secretary General of International Social Security Association. With the presence of a big number of specialized Egyptian, Arab and regional celebrities in field of pensions and social insurance.
Throughout the two days conference several topics were discussed, such as: economics of social insurance schemes and spending by 2050, Challenges and Reforms for the Delivery of Sustainable Pensions in the Arab World, going beyond equality to equity, expanding coverage, redistribution of wealth, Impact of COVID-19 on social insurance systems. By the end of day 1, many successful international stories have been viewed regarding pensions in terms of advantages and specified dues.
The conference addressed in day 2 the role of digital transformation, Information Technology Platforms for Social Insurance & Pension Schemes, Managing Private Pension Funds in terms of challenges and solutions, the Art and Science of Actuarial Assumptions and its reflection of pension funds, Post-Pandemic Investing - Where Now? War in Europe, Global Trade Issues and Geopolitics. Moreover, the conference also took up by the end of day 2: Should Pension Funds Search for Higher Yield?
Commenting on The United Bank participation in the Arab Conference for pensions and social security, the investment in human capital as among the top corporate challenges. Thus, UB drafts a strategy that includes 3 parallel axis.
The first: Developing the performance of UB teamwork in all of its 68 branches all over the Republic. As well as, central sectors. In terms of increasing training hours through the annual extensive training plan, including all fields of banking business.
The second: Providing UB teamwork with the highest level of social protection, through scheming plans of sustainable corporate development and vision activation regarding pension systems and mechanisms of investment to achieve the highest level of social security benefits, increasing teamwork sustainable growth rates, all along the years of work and until reaching retirement age, whether on the level of health care or social security.
The third: an intensive and integrated qualifying and developing process to all human power at all ages, in order to ensure the continuing communication on professional side. Thus, guaranteeing the expertise exchanges ongoing process. Subsequently, achieving the highest international quality standards.
It’s worth mentioning that on the level of modern technology application, UB provides a package of distinctive financial services through online banking, mobile and UB digital wallet, through "Your Bank Online " package. Also, there are 5 digital centers in: the 5the settlement in New Cairo, El Sheikh Zayed in 6th of October, In front of the Shooting club Dokki in Giza, Hadaba Wosta in Mokkatam, and in the industrial zone in Gamasa. The thing that provides client with a level of luxury by saving his time and effort.
As well as, innovating financial solutions, like: wealth and cash management, leasing finance and SMEs financing. In addition to its cooperation with I- Score, UB provides the service of instant inquiry of credit worth and registration in the register of moving guarantees, through UB website or virtual ATMs. As well as, a package of certificates and saving deposits compliant with Shariaa. Besides, package of personal loans "easy learn", SMEs financing start- ups and entrepreneurships. As well as, a package of credit cards, coming ahead is Rakhaa card, compliant with Shariaa.
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