The United Bank of Egypt is a prominent financial institution in Egypt, established in 2006 as part of a broader strategy by the Central Bank of Egypt to consolidate and strengthen the banking sector. The bank was formed through the merger of three banks: the Egyptian United Bank, the Nile Bank, and the Islamic International Bank for Investment and Development[1][3]. ### Key Features and Services - Retail Banking: Offers savings accounts, current accounts, personal loans, car loans, and credit card services. The bank provides competitive interest rates and flexible terms for its savings accounts[1]. - Islamic Banking: Provides Sharia-compliant products such as Murabaha and Ijarah, focusing on profit-sharing models rather than interest[1]. - Corporate Banking and SMEs: Supports large corporations and SMEs with tailored financial solutions, including corporate loans and trade finance[1]. - Digital Banking: Offers mobile and online banking services, allowing customers to manage accounts, transfer funds, and pay bills remotely[2][3]. ### Corporate Social Responsibility (CSR) The United Bank is committed to CSR initiatives, focusing on financial inclusion, environmental sustainability, and social welfare. It supports local communities through financial literacy programs and partnerships with civil society institutions[1][5]. ### Recent Developments In 2019, a significant portion of the bank was sold to a consortium led by the Arab African International Bank as part of the Central Bank of Egypt's reform strategy to strengthen the banking sector[3]. The bank continues to invest in digital transformation and innovation, aiming to expand its services and presence in the Egyptian market[1].