The United Bank participates in the Egyptian Real Estate Finance Exhibition

20/11/2021

According to The Central Bank of Egypt’s initiative
The United Bank participates in the Egyptian Real Estate Finance Exhibition with a package of financing services for low- and middle-income housing

Cairo: November 20th, 2021

The United Bank announced its participation in the Egyptian Real Estate Finance Exhibition today, which was held for one day, with the participation of major real estate investment companies.

On the sidelines of the exhibition, Ayman Mohamed - Head of Real Estate Finance Sector, The United Bank, will give a symposium on The United Bank's services in the field of real estate finance, especially for low- and middle-income housing.

Ayman Mohamed - Head of Real Estate Finance Sector - says that The United Bank provides real estate financing service to low-income people in 28 governorates, in cooperation with The Social Housing Fund and Real Estate Finance Support, within the framework of the President’s directives and the initiatives of The Central Bank of Egypt to finance housing units for low-income housing with a competitive return and for long periods of up to 30 years.

Ayman indicated that The United Bank places among its priorities the governorates of Upper Egypt and the cities of the new urban communities in order to increase the rates of development and employment. It also grants real estate financing programs in a number of governorates of Lower Egypt and Delta.

He added that the distinguished real estate financing programs of The United Bank come in 8 of Upper Egypt governorates: Fayoum - Beni Suef - Menya - Assiout - Sohag - Qena - Luxor - Aswan. It also provides real estate financing services to low- and middle-income people in 4 governorates in the Canal Zone: Port Said - Suez - Ismailia and the Red Sea, as well as 9 cities in the new urban communities: 6th of October - 10th of Ramadan - Obour – El Sherouk - Badr – Bourg El Arab - Nubaria - New Damietta and New Alamein City. There are also 7 governorates in Lower Egypt and Delta region, which are: Menoufeya, Gharbeya, Beheira, Kafr El Sheikh, Sharkeya, Dakahleya and Cairo.

Ayman Mohamed pointed out that The United Bank is one of the first banks that participated in The Central Bank's initiative for real estate financing for housing for limited and middle-income people, which is in the interest of the citizen in implementation of the Egyptian state's policy towards improving the standard of living of the Egyptian citizen.

He added that The Central Bank of Egypt's many initiatives contributed to the entry of new segments of customers, especially those with low incomes. The United Bank occupies the seventh rank among companies that provide services in the categories of low income.