{"id":625765,"date":"2018-08-14T04:27:23","date_gmt":"2018-08-14T04:27:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/united-bank-to-launch-microfinance-unit-by-years-end\/"},"modified":"2018-08-14T04:27:23","modified_gmt":"2018-08-14T04:27:23","slug":"united-bank-to-launch-microfinance-unit-by-years-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/united-bank-to-launch-microfinance-unit-by-years-end\/","title":{"rendered":"United Bank to launch microfinance unit by year\u2019s end"},"content":{"rendered":"

The United Bank of Egypt is planning to launch a specialized microfinance unit by the end of 2018, Chairman Ashraf El Kady tells Al Mal<\/a>. The Egyptian Microfinance Union will be cooperating with the bank to provide technical support during the unit\u2019s launch, El Kady said. No additional details were provided.<\/p>\n","protected":false},"excerpt":{"rendered":"

The United Bank of Egypt is planning to launch a specialized microfinance unit by the end of 2018, Chairman Ashraf El Kady tells Al Mal. The Egyptian Microfinance Union will be cooperating with the bank to provide technical support during the unit\u2019s launch, El Kady said. No additional details were provided.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625765","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"64f05057-683a-4bdd-9e77-fdad094dc7f3","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"United Bank to launch microfinance unit by year\u2019s end","related_issue":[625732],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.b40cc259-bee8-4872-8029-be4b364f2543.mp3"},"yoast_head":"\nUnited Bank to launch microfinance unit by year\u2019s end - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/united-bank-to-launch-microfinance-unit-by-years-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"United Bank to launch microfinance unit by year\u2019s end\" \/>\n<meta property=\"og:description\" content=\"The United Bank of Egypt is planning to launch a specialized microfinance unit by the end of 2018, Chairman Ashraf El Kady tells Al Mal. The Egyptian Microfinance Union will be cooperating with the bank to provide technical support during the unit\u2019s launch, El Kady said. 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The bank had announced its plans to launch a specialized microfinance unit by the end of the year back in August.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560469,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/01\/united-bank-likes-the-digital-banking-space\/","url_meta":{"origin":625765,"position":2},"title":"United Bank likes the digital banking space","author":"enterpriseam admin","date":"1 March 2021","format":false,"excerpt":"United Bank is looking to acquire a controlling stake in an unnamed e-payments company, and is currently in negotiations over the potential transaction, Chairman and Managing Director Ashraf El Kady told Al Mal. The bank has completed due diligence on the firm, and will announce the transaction before the end\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/37.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597115,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/rayas-microfinance-arm-aman-in-negotiations-eyes-egp-500-mn-in-loans-from-five-banks\/","url_meta":{"origin":625765,"position":3},"title":"Raya\u2019s microfinance arm Aman in negotiations eyes EGP 500 mn in loans from five banks","author":"enterpriseam admin","date":"16 July 2019","format":false,"excerpt":"Raya Holding\u2019s microfinance subsidiary Aman is seeking to borrow EGP 500 mn from CIB, Suez Canal Bank, Attijariwafa Bank, Blom Bank Egypt, and United Bank, Chief Financial Officer Ayman Bassiouny told Mubasher. The company hopes to borrow EGP 100 mn from each bank, having already obtained EGP 500 mn in\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564172,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/","url_meta":{"origin":625765,"position":4},"title":"And Egypt\u2019s first microleasing license goes to...","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"Tasaheel acquires Egypt\u2019s first microleasing license: Micro lender Tasaheel was today granted the first license for microfinance leasing in the Egyptian market by the Financial Regulatory Authority (FRA), a source at the regulator told Enterprise today. This will make the company \u2014 which also received the country\u2019s first SME microfinancing\u2026","rel":"","context":"In "SPEED ROUND: FINANCE"","block_context":{"text":"SPEED ROUND: FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/429.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597609,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/tamweely-microfinance-to-launch-seven-new-branches-through-partnership-with-national-postal-authority\/","url_meta":{"origin":625765,"position":5},"title":"Tamweely Microfinance to launch seven new branches through partnership with National Postal Authority","author":"enterpriseam admin","date":"31 July 2019","format":false,"excerpt":"Tamweely Microfinance is launching seven new branches in National Postal Authority (NPA) offices throughout Egypt as part of a partnership between the two organizations, it said in a statement (pdf). 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