United Bank has risen to become the seventh-largest provider of mortgage finance under the low-income housing initiative, with a portfolio worth EGP 2.459bn, according to data released by the Social Housing and Mortgage Finance Fund as at the end of November 2025.
The portfolio represents a 2.8% share of total mortgage financing directed to low- and middle-income housing, serving 33,890 beneficiaries nationwide.
Data issued by the Fund highlight United Bank’s growing role in supporting the real estate sector and expanding access to affordable housing for low- and middle-income citizens across Egypt.
Tarek Fayad, Chief Executive Officer and Managing Director of United Bank, said that expanding mortgage finance for low- and middle-income housing is one of the State’s and the Central Bank of Egypt’s key mechanisms for achieving social justice, eliminating informal settlements, enhancing financial inclusion and empowering vulnerable groups.
He explained that this is achieved by stimulating the housing market to provide subsidised units across governorates—particularly in Upper Egypt and new urban communities—contributing to higher economic growth and the achievement of sustainable development.
Fayad added that mortgage finance solutions represent a core focus of the Bank’s strategy. United Bank currently operates across 16 governorates and 12 new cities nationwide, continuously enhancing service quality in terms of speed and efficiency through the adoption of digital transformation tools.
The Bank delivers mortgage finance services through 68 branches across the country and, in recent years, has launched a range of advanced, digitally supported financing solutions to improve customer experience and accelerate access to finance. These include digital wallets, mobile banking and internet banking services, which facilitate transactions, save time and effort, and help clients meet their payment obligations on schedule.
United Bank provides mortgage finance services in nine Upper Egypt governorates—Giza, Fayoum, Beni Suef, Minya, Assiut, Sohag, Qena, Luxor and Aswan—as well as four governorates in the Canal region: Port Said, Suez, Ismailia and the Red Sea.
In addition, the Bank operates in 12 new urban communities, including 6th of October City, 10th of Ramadan City, Obour, Shorouk, Badr, Borg El Arab, Nubaria, New Damietta, New Alamein City, Sheikh Zayed, Sadat City and 15 May City. It also covers seven governorates in Delta: Monufeya, Gharbia, Beheira, Kafr El-Sheikh, Sharqeya, Dakahleya and Cairo.
United Bank has previously signed a EGP 5bn agreement with the Social Housing and Mortgage Finance Fund to support low- and middle-income groups through a range of facilitated mortgage finance programmes, in line with initiatives launched by the government and the Central Bank of Egypt.
