July 24, 2016 5:49 AM ET

Banks

Company Overview of The United Bank

Company Overview

The United Bank provides banking products and services to businesses and individuals in Egypt. It offers Islamic and commercial saving accounts; noninterest and interest bearing current accounts; commercial certificates; Rakaa credit cards, Visa credit cards, Visa electron Master cards, Internet Master cards, and prepaid Master cards; and remittance services. The company’s services also include safe deposit boxes, gift dispatch services, and credits and letters of guarantee. In addition, it offers educational, personal, and real estate finance services; various specialized funding programs for small and medium enterprises that include resource, distributor, carrier, and environmental finance...

106, Kasr El-Aini Street

Cairo,  11461

Egypt

Founded in 1981

Phone:

202 7920146

Fax:

202 7920153

Key Executives for The United Bank

Chairman and Managing Director
Vice Chairman and Managing Director
Vice Chairman and Managing Director
Compensation as of Fiscal Year 2016.

The United Bank Key Developments

Egypt To Privatize AAIB And Banque Du Caire Through IPO And Sell United Bank

Egypt will offer a 40% stake in Arab African International Bank through listing, 20% stake in Banque Du Caire S.A.E. through listing and will sell The United Bank to a strategic investor. Tarek Amer, Governer of the Central Bank of Egypt said in January the central bank was considering initial public offerings in two state banks but did not name them at the time. "We want to strengthen the bourse to make Egypt attractive," Amer said in television interview on March 26, 2016. The government will offer 20% of Banque du Caire by increasing its capital through an initial public offering, Amer said. He said that 40% of AAIB would be offered in the same way, with half to be sold by the government and half by the bank's Kuwaiti investors, Kuwait Investment Authority. Amer said that The United Bank, which is 99% owned by the central bank, would also be sold to a strategic investor this year.

United Bank Mulls IPO

Central Bank of Egypt plans to float The United Bank in an initial public offering, Governor Tarek Amer said. "We are in the process of getting rid of it. We are not supposed to own the United Bank, we just bought it for a specific purpose, to fix it. Now that the reform process has started we will float it," Amer said.

Central Bank of Egypt Seeks IPO

Central Bank of Egypt is studying the possibility of offering shares in two state banks in initial public offerings, Governor Tarek Amer told Reuters on January 19, 2016. The Central Bank of Egypt owns 99 percent of United Bank of Egypt and about 50 percent of the Arab African International Bank.

Similar Private Companies By Industry

Company Name Region
African Export-Import Bank Middle East/Africa
Arab African International Bank Middle East/Africa
Arab Bank Egypt Middle East/Africa
Arab International Bank Middle East/Africa
Arab Investment Bank Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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