E-ASWAQ - Egypt” announces the signing of a cooperation protocol with the United Bank to enhance the financing of small and medium enterprises and accelerate the digital transformation

Sunday 10 May 2026 18:51

E-ASWAQ - Egypt, a subsidiary of eFinance Group for Financial and Digital Investments, announced the signing of a cooperation protocol with the United Bank to support small and medium-sized entrepreneurs and entrepreneurs by providing innovative and integrated financing solutions that contribute to driving economic growth and promoting financial inclusion.

This partnership comes within the framework of "E-Aswaq Misr" strategy to expand the scope of its digital services and enhance its role in linking the business community with an integrated financial system, as it relies on its advanced digital platform specialized in providing digital lending solutions and services in addition to its wide field network to reach various segments of customers throughout the country. Such cooperation would contribute to speeding up credit assessment procedures, improving the efficiency of operations and reducing operational costs.

The protocol was signed by Mr. Ibrahim Sarhan, Chairman of the Board of Directors and Managing Director of eFinance Group for Financial and Digital Investments, and Mr. Tariq Fayed, President of the Executive Bank and Managing Director of the United Bank, in addition to the presence of some executive leaders from both sides, represented by Mr. Ahmed Sobhi

Deputy Managing Director and Chief Executive Officer of the Investment and Finance Sector of E-Finance Group, Mr. Adel Mubarak, Managing Director of E-Aswaq Egypt, Eng. Hossam Al-Joli, Managing Director of I-Finance Company, Mr. Amr. Amr Naseer, Mr. Moataz Al-Qasabi, Deputy Managing Director of the United Bank, and a selection of the United Bank teams and "E-SWAQ Egypt".

During the signing ceremony, Ibrahim Sarhan said that this protocol represents a strategic step that enhances the role of "E-Markets Misr" in supporting digital transformation and developing supply chains by providing an integrated platform that combines solutions and services for digital lending in trade, finance and logistics, which contributes to expanding financing opportunities, supporting the growth of productive projects, and enhancing their contribution to the national economy.

He added that cooperation with the United Bank represents an important partnership and strategic step towards an integrated system that supports the growth of the productive or service projects sector and increases its ability to access the markets. The United Bank has strong banking expertise and a clear vision to support economic development, which will contribute to the expansion of the provision of advanced digital services targeting new segments of the business community that enhances the value of financial inclusion.

For his part, Tariq Fayed, CEO and Managing Director of the United Bank, said that this protocol represents an important step to strengthen the role of the United Bank as a major engine to support the national economy, through the creation of sustainable job opportunities and enhancing local production, which contributes to achieving raising the rates of economic and social development. He added that the small and medium enterprises sector represents the engine of sustainable development, especially in light of the geographical and economic diversity enjoyed by the governorates of Egypt, which provides wider opportunities to maximize the use of local resources and build a strong economy.