United Bank announced the signing of a cooperation agreement with e-Aswaq Misr, a subsidiary of eFinance Investment Group, to support small and medium-sized enterprises (SMEs) through innovative financing solutions aimed at boosting economic growth and expanding financial inclusion across Egypt.

The agreement was signed by Tarek Fayed, CEO and Managing Director of United Bank, and Ibrahim Sarhan, Chairman and Managing Director of eFinance Investment Group, in the presence of senior executives from both sides.

The partnership aims to provide advanced banking and digital financing services that support SMEs and micro-enterprises while expanding access to financial and non-financial services, particularly for youth and women, in line with Egypt Vision 2030 and the financial inclusion strategy of the Central Bank of Egypt.

Tarek Fayed said the agreement represents a strategic step toward strengthening the bank’s role in supporting the national economy by creating sustainable job opportunities and supporting local production through SME growth.

Meanwhile, Ibrahim Sarhan stated that the partnership reinforces digital transformation efforts and expands financing opportunities for productive businesses, contributing to economic growth and improving SMEs’ access to markets and digital financial services.