Egyptian Exchange. Al-Ahram
The offering is expected to take place before the end of the first quarter of 2025, depending on the granting of necessary approvals to CBE from the Financial Regulatory Authority and EGX.
UB and its non-banking arm operate through a vast network of 68 branches, 225 ATMs, and 1,800 employees. The bank reported total assets of EGP 106 billion in June 2024, up from EGP 72 billion in 2021.
UB also achieved a profit of EGP 1.742 billion by the end of December 2023, a significant increase from EGP 1.145 billion in December 2021.
The bank offers a broad range of products and services to a diverse customer base, including retail clients, institutions, and small- and medium-sized enterprises (SMEs).
Egypt is committed to increasing the role of the private sector in the economy, aligning with its $8 billion loan programme with the International Monetary Fund (IMF) that aims to promote private-sector-led growth.
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