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The United Bank announced 520 million Egyptian pounds is the micro finance portfolio by end of 2022

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Ashraf El Kady- The President of The United Bank, announced in a big ceremony held last week in the presence of micro finance team in UB 68 branches and headquarter the exceeding of Micro Finance portfolio to 520 million Egyptian pounds by the end of 2022. That’s a great leap in the finance growth rate by 50% more than 2021.

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Ashraf El Kady

Africa requires green financing solutions to face climate changes and accomplish sustainable development targets

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The United Bank, Chief Executive Officer and Managing Director Africa requires green financing solutions to face climate changes and accomplish sustainable development targets • Africa contributes less than 3% of the global warming. • The black continent suffers from severe climate changes. • 4 positive reflections of green economic development. • The African Development Bank is the first to issue green bonds mechanisms in 2013 to South Africa. • Egypt is to issue green bonds in 2022. • Green financing solutions are inevitable for human adoption with climate change consequences. • Moods states : Green bonds target 200 billion dollars by 2023. • The United Bank efforts towards sustainable green financing.

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Ashraf El Kady

According to The World Bank and The United Nations Conference on Trade and Development (UNCTAD)

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Ashraf El Kady- The Chief Executive Officer and Managing Director announced that the Egyptian technological exports made a great leap in the growth indicators to reach 460%. As per the data received from The World Bank and UNCTAD affiliated to The United Nations (2016-2021).

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Web News 15152023

The United Bank Laky forum visits the expedition and present the handicraftsmen successful stories

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Ashraf El Kady- The Chief Executive Officer and Managing Director • UB Laky forum supports and encourages the handicraftsmen. • The handcrafts sector is a promising one, which is supported by Micro, Small and Medium Enterprise Development Agency (MSMEDA). • Around 250 million dollars is the volume of handcrafts sector exports annually. • 8-5 million L.E is the local sales volume. • The handcrafts projects sector provides around 3 million jobs opportunities. • The volume of investments in handcrafts field is around 20 billion L.E. • The progress of tourism is directly related with the increase of handcraft sales volume. • The Central Bank of Egypt and the State to support handicraftsmen. • “Decent Life” initiative aims to train citizens to gain handcrafts skills. • The handcrafts sector represents Egypt’s identity

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Web News 2122023

On the margin lines of the annual Holy Quran Competition The United Bank President alongside with South Sinai Governor honor the winners of the governorate

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On the sidelines of the annual United Bank Holy Quran competition, which takes place in 20 governorates of the Egyptian Republic. Both Major General Khaled Foda- South Sinai governor and Ashraf El Kady- Chief Executive Officer and Managing Director, the United Bank witnessed the annual award ceremony that is held under the auspices of South Sinai Governorate- Sharm El Sheikh City.

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