The United Bank has launched a Green Financing Product for Medical Equipment targeting small and medium-sized enterprises (SMEs), marking the culmination of a strategic partnership with the German Agency for International Cooperation (GIZ) and IPC Consulting.
The initiative reflects the bank’s commitment to advancing sustainable finance and supporting the efforts of the Egyptian government and the Central Bank of Egypt (CBE) to accelerate the transition towards a green economy, in line with Egypt Vision 2030 and the UN Sustainable Development Goals (SDGs).
The new financing solution is the outcome of a collaboration with GIZ and IPC aimed at developing and introducing innovative, environmentally friendly financing products. The programme seeks to empower SMEs—particularly in the healthcare sector—to acquire greener, more energy-efficient and sustainable medical equipment.
The bank said the initiative is expected to improve the quality of healthcare services, enhance resource efficiency and strengthen the competitiveness of healthcare-related SMEs across Egypt’s governorates.
As part of the partnership, GIZ and IPC provided specialised technical support, institutional capacity building and assistance in developing an integrated framework for designing and implementing green financing products in line with international sustainable finance standards and best practices.
The collaboration has enhanced the bank’s ability to offer tailored financing solutions that help SMEs adopt more sustainable business practices, including energy-efficient technologies and digital applications. These measures are expected to reduce emissions, improve resource utilisation, increase productivity, lower operating costs and support long-term economic growth.
Tarek Fayed, Chief Executive Officer and Managing Director of The United Bank, described the launch as an important milestone in the bank’s journey towards embedding sustainable finance and green economy principles into its financing activities.
“The launch of the Green Financing Product for Medical Equipment represents an important step in integrating sustainability principles into our financing solutions,” Fayed said. “It serves as a key catalyst for SMEs to transition towards a more efficient and sustainable economic model.”
He noted that the healthcare sector was selected as the starting point for a broader range of green financing products due to its direct impact on quality of life and community development.
According to Fayed, the initiative aims to support healthcare providers—particularly SMEs operating in the sector—in acquiring modern, energy-efficient equipment that optimises resource use, reduces operating costs, improves service quality and enhances growth opportunities.
He added that the partnership comes at a time when sustainability and green finance are becoming increasingly important drivers of economic growth and value creation, while helping economies address climate-related challenges.
“Green financing contributes to encouraging environmentally responsible investments, fostering innovation, creating sustainable employment opportunities and enhancing the competitiveness of SMEs,” he said.
Fayed stressed that The United Bank views green finance as a long-term investment in Egypt’s economic future, combining financial returns with positive environmental and social impact.
He also underscored the growing responsibility of financial institutions in supporting the transition towards a low-carbon economy capable of addressing climate and environmental challenges.
Fayed affirmed that the bank will continue developing innovative and sustainable banking products and services to support customers and investors throughout their green transition journey, while contributing to national sustainable development objectives and reinforcing the banking sector’s role as a key partner in building a more sustainable future.
