UNB-E eyes 5% market share in Egypt within 8 years

The Union National Bank Egypt (UNB Egypt) is targeting a market share of 5% of the Egyptian banking market within the coming eight years, according to Nahyan bin Mubarak Al Nahyan, Chairperson of the bank.

Al Nahyan explained that the bank aims to expand its branch network to 48 branches, along with increasing ATMs to 125 machines by the end of 2018.

He stressed that the bank is keen to contribute to major projects that enhance the Egyptian economy by participating in joint loans arranged with financial institutions to finance national projects related to electricity, energy, infrastructure, and other economic sectors serving the Egyptian economy.

Union National Bank € Egypt (UNB-E) is completing its plan to expand in all governorates of the republic in order to keep up with the successive developments in the Egyptian banking sector and strengthen its position among local banks through the implementation of its strategic plan,€ he added.