United Bank rises to 7th among Egypt’s mortgage lenders with EGP 3.2bn portfolio

Ashraf El-Kady, Chairperson of United Bank, announced that the bank’s mortgage finance portfolio for low- and middle-income housing surpassed EGP 3 billion in May 2025. With total financing reaching EGP 3.225 billion, United Bank has become the seventh largest provider of mortgage finance in this segment, according to the Social Housing and Mortgage Finance Fund.

El-Kady noted that more than 16,500 clients have benefited from financing for social and middle-income housing units nationwide. He highlighted the bank’s role in supporting government and Central Bank efforts to promote social justice and eliminate informal housing areas by expanding access to subsidized mortgage finance.

“Mortgage finance plays a vital role in stimulating the economy, particularly through the provision of affordable housing to low- and middle-income citizens,” El-Kady said.

United Bank currently provides mortgage finance services in 28 governorates, with a special focus on Upper Egypt, as well as active operations across the Canal cities and the Delta region. The bank also extends mortgage financing to luxury housing projects.