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The United Bank, Egypt: A Comprehensive Overview

The United Bank is a leading financial institution in Egypt, established by the Central Bank of Egypt in June 2006. It was formed by merging three banks: the Egyptian United Bank, the Nile Bank, and the Islamic International Bank for Investment and Development. With a network of over 50 branches across the country, the United Bank offers numerous financial products and services to its customers.

The bank is committed to promoting the educational system in Egypt and has announced 18 investment and development initiatives to maximize educational system competitiveness. It has also launched online banking services to facilitate customers’ banking transactions. The United Bank allows its customers to transfer funds between accounts, pay loans, and settle credit card payments. It also offers loans to its customers, both inside and outside of Egypt.

About The United Bank

The United Bank is a financial institution based in Cairo, Egypt. It was established in June 2006 following the merger of three banks: The Egyptian United Bank, The Nile Bank, and the Islamic International Bank for Investment and Development. The Central Bank of Egypt owns the United Bank, which has a paid net worth capital of 5 billion EGP.

History and Ownership

The United Bank’s rich history dates back to 1951 when the Egyptian United Bank was established. Over the years, the bank has undergone several changes, including mergers and acquisitions, to become the institution it is today. The Central Bank of Egypt owns the United Bank, which has a strong presence in the Egyptian financial market.

Sale of The United Bank

In recent years, The United Bank has undergone significant changes, including selling a 76% stake to a consortium led by the Arab African International Bank in 2019. The sale was part of the Central Bank of Egypt’s reform strategy to strengthen the Egyptian banking sector.

The United Bank is committed to providing its clients with innovative financial solutions, Sharia-compliant products, and operational excellence. The bank believes in investing in human capital development and engaging with society through its CSR activities. The United Bank’s online banking platform allows customers to transfer funds between accounts, make loan payments, and settle credit card balances.

In conclusion, The United Bank is a reputable financial institution in Egypt with a rich history and dedication to providing innovative financial solutions to its clients. The bank’s sale to a consortium led by the Arab African International Bank is part of the Central Bank of Egypt’s reform strategy to strengthen the Egyptian banking sector.

Banking Services

Account Services

The United Bank provides a range of account services to its customers, such as current accounts, savings accounts, and certificates of deposit. Customers can manage their accounts online through the bank’s digital banking platform, which is available 24/7. The bank also offers mobile banking services, allowing customers to manage their accounts anywhere.

Loan Services

The United Bank offers a variety of loan services to its customers, including personal loans, auto loans, and mortgage loans. Loan eligibility and terms vary depending on the type of loan and the customer’s credit history. The bank also provides loan calculators on its website to help customers estimate their monthly payments and total interest.

Investment Opportunities

The United Bank offers its customers a range of investment opportunities, including savings certificates, investment funds, and treasury bills. Customers can choose from various investment options based on their financial goals and risk tolerance. The bank also provides investment advice and guidance to help customers make informed investment decisions.

The United Bank also provides customers with internet and mobile banking, which enables them to access their accounts and perform transactions at any time and from any place. With the goal of giving its clients a safe and dependable banking experience, the bank uses cutting edge security methods to safeguard client information and stop fraud.

Overall, The United Bank is a trusted and reputable banking institution in Egypt. It provides multiple banking and investment services to its customers. Whether you are looking for current accounts, savings accounts, loans, or investment opportunities, The United Bank has various options to meet your needs.

Digital Banking

The United Bank of Egypt offers its customers various digital banking options designed to meet their banking needs. In this section, we will explore the different digital banking services offered by the United Bank of Egypt.

Mobile Banking

Customers can manage their accounts on the go with the United Bank of Egypt’s mobile banking service. Clients can download the UB Mobile Banking app from the App Store or Google Play. Customers can use their OTP or username and password to log in once they’ve downloaded the app.

With UB Mobile Banking, customers can perform several banking activities, such as checking their account balance, transferring funds between their accounts, and paying bills. Customers can also view their transaction history and locate the nearest United Bank ATM or branch.

Internet Banking

Customers in Egypt have the convenience and security of online account management with United Bank’s Internet Banking service. By entering their User Name, Password, or OTP into the Bank Net channel, customers can access their accounts.

Once logged in, customers can perform various banking activities such as transferring funds between their accounts, paying bills, and viewing their transaction history. The Internet Banking service allows customers to set up recurring payments and schedule future transactions.

Security and Authentication

The United Bank of Egypt takes the security of its digital banking services seriously. To ensure that customers’ accounts are protected, the bank has implemented numerous security measures, such as two-factor authentication and the UB Mobile Token.

Customers must use two-factor authentication to access their accounts. This involves entering a User Name and Password and receiving an OTP sent to their registered mobile number. The UB Mobile Token is a secure way to authenticate transactions on the UB Mobile Banking app.

In conclusion, The United Bank, Egypt’s digital banking services provide customers with a safe and convenient way to manage their accounts. With mobile and internet banking options, customers can easily perform various banking activities on the go. The bank’s focus on security and authentication ensures that customers’ accounts are protected.

Customer Transactions

Account Management

The United Bank provides a range of account management services to its customers. Clients can visit a branch, use mobile or internet banking, or access their accounts through online banking. Customers can see account balances, transaction histories, and account statements via the bank’s online and mobile banking services. Additionally, they are able to change their preferences, set up account alerts, and update personal information, among other account management activities.

Transfer Services

The United Bank offers its customers a range of transfer services, including internal transfers, transfers between customer accounts, and transfers to other banks using SWIFT or ACH. Internal transfers and transfers between customer accounts have no maximum limit, while transfers to other banks have a maximum limit of 500,000 EGP. Customers can initiate transfers through online and mobile banking or by visiting a branch.

Card Services

The United Bank offers credit cards and prepaid cards to its customers. Customers can use their credit cards to purchase and withdraw cash from ATMs. The bank’s credit cards also offer a range of benefits, including cashback rewards, discounts on purchases, and travel insurance. Prepaid cards can be used to make purchases and withdraw cash from ATMs. Customers can also reload their prepaid cards online and mobile banking or by visiting a branch.

The bank also provides credit card settlement services to its customers. Customers can settle their credit card bills online, through mobile banking, or by visiting a branch. Through these channels, they can also inquire about their credit card balances, transactions, and statements.

United Bank offers various account services, including inquiry and internal transfer services. Customers can also purchase and withdraw cash from their credit and prepaid cards. The bank’s online and mobile banking platforms help customers manage their accounts and initiate transfers.

Additional Services

Customer Support

The United Bank of Egypt offers various channels for customer support, including a 24/7 call center. Customers can reach out to the call center representatives for assistance with general inquiries, service activation, daily limits, and other related matters. The call center representatives are trained to provide prompt and efficient customer assistance.

The bank also has a dedicated section on its website that provides essential information on its products and services and the terms and conditions that apply to them. Customers can refer to this section for guidance on how to use the bank’s services and understand their rights and responsibilities as users of its products.

Financial Inclusion

The United Bank of Egypt is committed to promoting financial inclusion by partnering with charitable bodies and organizations that work towards this goal. The bank encourages its customers to donate to these organizations and supports their efforts by contributing to their causes.

The bank also offers financial services designed to meet the needs of underserved communities and individuals, such as microfinance and mobile banking. These services aim to provide access to financial resources to those who would otherwise be excluded from the formal financial sector.

In conclusion, The United Bank of Egypt provides excellent customer support through its call center and website. It is committed to promoting financial inclusion in the country through partnerships with charitable bodies and providing financial services that meet the requirements of underserved communities.

Frequently Asked Questions

How can I access The United Bank of Egypt’s online banking services?

The United Bank of Egypt offers its customers online banking services. To access these services, customers must register for online banking by visiting the bank’s website and filling out the online registration form. After registering, clients can access a range of online banking services, such as bill payments, transaction histories, and account balances, by logging in using their username and password.

What career opportunities are available at The United Bank of Egypt?

The United Bank of Egypt offers a range of career opportunities across its various departments, including banking, finance, marketing, and human resources. The bank is devoted to providing its employees with a supportive work environment and professional growth and development opportunities. Interested candidates can visit the bank’s website or social media pages to view job openings and apply online.

Where can I find the latest financial statements for The United Bank of Egypt?

The United Bank of Egypt publishes its financial statements on its website under the Investor Relations section. Customers can access the bank’s annual reports, quarterly reports, and other financial statements to stay updated on the bank’s financial performance.

How can I find the nearest branch of The United Bank of Egypt?

Customers can find the nearest branch of The United Bank of Egypt by visiting the bank’s website and using the branch locator tool. The tool allows customers to search for branches by city, zip code, or branch name. Alternatively, customers can call the bank’s customer service hotline for information on the nearest branch location.

What is the SWIFT code for The United Bank of Egypt?

The SWIFT code for The United Bank of Egypt is UNBE EG CX.

What are the historical mergers and acquisitions involving The United Bank of Egypt?

The United Bank of Egypt was formed in 2006 by merging three banks: The National Bank of Egypt, Banque du Caire, and Cairo and Alexandria Bank. Since then, the bank has not been involved in any major mergers or acquisitions.

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مؤسّس منصة الشرق الاوسط العقارية

أحمد البطراوى، مؤسّس منصة الشرق الاوسط العقارية و منصة مصر العقارية ،التي تهدف إلى تبسيط عمليات التداول العقاري في الشرق الأوسط، مما يمهّد الطريق لفرص استثمارية عالمية غير مسبوقة

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