Abdel Hamid said that The United Bank is a key partner of
the Social Housing and Mortgage Finance Fund in housing finance. She added that
this partnership benefits low- and middle-income citizens seeking housing units
offered through the fund’s various programs.
She noted that the new protocol extends the agreement signed
on September 1, 2020, and aims to increase the financing amount to EGP 5
billion. This highlights the significance and depth of the partnership between
the two parties.
Fayed described the protocol as a practical implementation
of The United Bank’s slogan, “Move Forward with Us.” He explained that it
provides a wide segment of citizens with opportunities to achieve family and
economic stability through accessible housing finance programs tailored to
their needs, promoting social justice.
He added that The United Bank’s housing finance portfolio
has exceeded EGP 3.4 billion, serving more than 17,500 clients nationwide. He
emphasized that the bank’s 68 branches, particularly in Upper Egypt and the
Delta, simplify procedures for clients of the Social Housing Fund. Specialized
teams have been deployed in these regions, and digital services are provided to
facilitate payment methods for citizens.
The signing ceremony concluded with a reaffirmation of
continued cooperation in housing finance and plans to expand bilateral
collaboration into other areas, benefiting low- and middle-income citizens.