{"id":635437,"date":"2017-12-04T04:06:46","date_gmt":"2017-12-04T04:06:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/united-bank-planning-to-invest-more-than-egp-1-bn-in-agriculture-renewable-energy-fertilizers-and-real-estate\/"},"modified":"2017-12-04T04:06:46","modified_gmt":"2017-12-04T04:06:46","slug":"united-bank-planning-to-invest-more-than-egp-1-bn-in-agriculture-renewable-energy-fertilizers-and-real-estate","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/united-bank-planning-to-invest-more-than-egp-1-bn-in-agriculture-renewable-energy-fertilizers-and-real-estate\/","title":{"rendered":"United Bank planning to invest more than EGP 1 bn in agriculture, renewable energy, fertilizers, and real estate"},"content":{"rendered":"

The United Bank of Egypt is planning to invest more than EGP 1 bn in the coming period in four major sectors, including renewable energy, agriculture, fertilizer production, and real estate development, Chairman Ashraf El Kady said yesterday, Al Mal reports<\/a>. The bank is also planning to expand its activities in the Islamic banking sector, he added, explaining that United has received financial assistance from international lenders and the central bank to improve its positioning. The bank had announced in September<\/a> that it was planning to settle EGP 500 mn in overdue loans, two months after<\/a> the CBE said it would delay plans to divest its 99.9% stake in the bank to allow the lender the time to improve its returns and attract a better offer.<\/p>\n","protected":false},"excerpt":{"rendered":"

The United Bank of Egypt is planning to invest more than EGP 1 bn in the coming period in four major sectors, including renewable energy, agriculture, fertilizer production, and real estate development, Chairman Ashraf El Kady said yesterday, Al Mal reports. The bank is also planning to expand its activities in the Islamic banking sector, […]<\/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-635437","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"de2f5b8c-5059-4c7b-a62b-507b2d7ff9b5","order":"0","is_powered_by":true,"section_story_id":"ac7fcce3-e741-4abb-b434-7e467c64019c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635394],"teaser":"","voice_url":""},"yoast_head":"\nUnited Bank planning to invest more than EGP 1 bn in agriculture, renewable energy, fertilizers, and real estate - 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\/2017\/12\/04\/united-bank-planning-to-invest-more-than-egp-1-bn-in-agriculture-renewable-energy-fertilizers-and-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"United Bank planning to invest more than EGP 1 bn in agriculture, renewable energy, fertilizers, and real estate\" \/>\n<meta property=\"og:description\" content=\"The United Bank of Egypt is planning to invest more than EGP 1 bn in the coming period in four major sectors, including renewable energy, agriculture, fertilizer production, and real estate development, Chairman Ashraf El Kady said yesterday, Al Mal reports. 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The bank will reportedly lend to businesses working in the energy, petrochemicals, real estate, food and communications sectors. The bank expects to lend EGP\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":597792,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/bdc-to-make-egp-200-mn-in-direct-investments-by-end-of-2019\/","url_meta":{"origin":635437,"position":2},"title":"BdC to make EGP 200 mn in direct investments by end of 2019","author":"enterpriseam admin","date":"5 May 2019","format":false,"excerpt":"Banque du Caire (BdC) is planning to invest a further EGP 200 mn into companies by the end of 2019, taking the total value of its portfolio to EGP 1 bn, head of investments Mohamed Ragai said. 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