{"id":808,"date":"2023-08-21T20:56:14","date_gmt":"2023-08-21T18:56:14","guid":{"rendered":"https:\/\/sahfy.net\/news\/?p=808"},"modified":"2023-08-22T07:24:59","modified_gmt":"2023-08-22T05:24:59","slug":"cbe-rejects-media-reports-on-united-bank-sale-transaction","status":"publish","type":"post","link":"https:\/\/sahfy.net\/news\/?p=808&lang=en","title":{"rendered":"CBE rejects media reports on United Bank sale"},"content":{"rendered":"<p>In light of the media reports circulating the sale of the United Bank, the Central Bank of Egypt (CBE) strongly rejects the allegations about the start of due diligence process, saying the sale process is underway according to a predetermined schedule.<\/p>\n<p>In a statement on Monday August 21, 2023, the CBE said the due diligence process for the United Bank with interested buyers will start by the end of September 2023.<\/p>\n<p>The central bank confirms interest from a number of international financial institutions, and that it would continue to provide updates on the sale process in a timely manner.<\/p>\n<p>The United Bank occupies a distinguished position among Egyptian banks for demonstrating sustainable growth, providing banking services through highly-qualified calibers, and its adherence to sound governance rules and international best practices in line with applicable rules and laws. With regard to the diversity of its products and its customer base, the United Bank provides banking services to its customers from various sectors, which include individuals, companies and small and medium enterprises, in addition to Islamic banking services and others.<\/p>\n<p>The United Bank operates through a wide network of branches amounting to 68 branches in addition to its digital channels, 225 ATMs, and 1,723 employees. \u00a0In terms of financial solvency and its financial position data as of December 2022, the total assets of the United Bank amounted to 85 billion Egyptian pounds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In light of the media reports circulating the sale of the United Bank, the Central Bank of Egypt (CBE) strongly rejects the allegations about the start of due diligence process, saying the sale process is underway according to a predetermined schedule. In a statement on Monday August 21, 2023, the CBE said the due diligence [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[47,83,130,15],"tags":[966,968,964,962],"class_list":["post-808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banks-insurance-en","category-egypt-en","category-featured-en","category-press-releases","tag-banking-services","tag-islamic-banking-services","tag-the-central-bank-of-egypt","tag-the-united-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBE rejects media reports on United Bank sale - sahfy<\/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:\/\/sahfy.net\/news\/?p=808&lang=en\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE rejects media reports on United Bank sale - sahfy\" \/>\n<meta property=\"og:description\" content=\"In light of the media reports circulating the sale of the United Bank, the Central Bank of Egypt (CBE) strongly rejects the allegations about the start of due diligence process, saying the sale process is underway according to a predetermined schedule. In a statement on Monday August 21, 2023, the CBE said the due diligence [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sahfy.net\/news\/?p=808&amp;lang=en\" \/>\n<meta property=\"og:site_name\" content=\"sahfy\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-21T18:56:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-22T05:24:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sahfy.net\/news\/wp-content\/uploads\/2023\/08\/29.png\" \/>\n\t<meta property=\"og:image:width\" content=\"330\" \/>\n\t<meta property=\"og:image:height\" content=\"220\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sahfy Sahfy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sahfy Sahfy\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"\u062f\u0642\u064a\u0642\u0629 \u0648\u0627\u062d\u062f\u0629\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sahfy.net\/news\/?p=808&lang=en#article\",\"isPartOf\":{\"@id\":\"https:\/\/sahfy.net\/news\/?p=808&lang=en\"},\"author\":{\"name\":\"Sahfy Sahfy\",\"@id\":\"https:\/\/sahfy.net\/news\/#\/schema\/person\/e010cfaee71765ed4f2af1e54f173967\"},\"headline\":\"CBE rejects media reports on United Bank sale\",\"datePublished\":\"2023-08-21T18:56:14+00:00\",\"dateModified\":\"2023-08-22T05:24:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sahfy.net\/news\/?p=808&lang=en\"},\"wordCount\":230,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sahfy.net\/news\/#organization\"},\"keywords\":[\"banking services\",\"Islamic banking services\",\"the Central Bank of Egypt\",\"the United Bank\"],\"articleSection\":[\"Banks &amp; 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