Egypt’s United Bank (UB) is set to be listed on the Egyptian Stock Exchange, the country’s central bank has revealed.
The offering is expected to be completed by the end of the first quarter of 2025, contingent on market conditions and timely regulatory approvals from the Financial Regulatory Authority and the Egyptian Stock Exchange.
United Bank has a wide range of products and a diverse customer base including retail clients, institutions, small and medium-sized enterprises (SMEs) and Islamic banking services.
The bank operates through an extensive network comprising 68 branches, 225 ATMs, and advanced digital channels, supported by 1,800 employees.
UB’s total assets have grown from EGP 72 billion in 2021 to EGP 106 billion by June 2024. Additionally, the bank’s profits have increased from EGP 1,145 million in December 2021 to EGP 1,742 million by the end of December 2023.
