Monday, June 1, 2026, 3:56 PM
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The United Bank CEO Outlines Balanced Growth Strategy to Support Foreign Currency Sectors

Monday 1 June 2026 09:52
The United Bank CEO Outlines Balanced Growth Strategy to Support Foreign Currency Sectors

 Tarek Fayed, Chief Executive Officer and Managing Director of The United Bank, stated that the financial results for the first quarter of 2026 reflect the institution’s success in executing a balanced corporate strategy. This operational blueprint is anchored on delivering sustainable growth and maximizing value for the national economy, running parallel to enhancing institutional efficiency and developing innovative digital banking solutions.

Alignment with State and Central Bank Directives Fayed added that The United Bank continues to operate according to a strategic vision that fully aligns with the directives of the Egyptian state and the Central Bank of Egypt (CBE). This alignment focuses heavily on widening the financial inclusion base, underfunded micro-, small-, and medium-sized enterprises (MSMEs), and driving domestic investment and manufacturing, which serve as the primary foundational pillars for comprehensive economic and social development.

Targeting Export-Oriented and High-Yield Industries The CEO explained that The United Bank is placing increasing operational emphasis on financing high-value, vital economic sectors, particularly those capable of generating sustainable foreign currency inflows. Key target areas include the tourism industry and high-yield export verticals such as textiles, ready-made garments, and agricultural products.

He noted that this capital allocation is executed either through direct corporate underwriting or via strategic banking syndicates aimed at deepening industrial localized supply chains and boosting the competitiveness of the national economy. Fayed affirmed that the lender remains committed to engineering pioneering credit instruments to empower entrepreneurs and support healthcare, service, and production sectors.