amwalalghad :: Get To Know United Bank’s Mohamed Ashmway

Your English Portal To Arab Economy

Alexandria Spinning & Weaving    1.04        Middle Egypt Flour Mills   7.13        Egyptian Real Estate Group   11.54        Palm Hills Development Company   2.29        Pioneers Holding   3.98        Modern Company For Water Proof   1.64        Sinai Cement   18.91        Commercial International Bank    34.59        Orascom Telecom Holding (OT)   4.62        Prime Holding   1.29        National Real Estate Bank for    17.55        Egyptian International Pharmac   42.62        T M G Holding   4.16        Egyptian Kuwaiti Holding   0.99        Ezz Steel   9.83        Medinet Nasr Housing   24.54        Ismailia National Food Industr   8.35        Egyptian Financial Group-Herme   9.19        Ceramic & Porcelain   3.94        Egyptian Electrical Cables   0.67        Egyptian Iron & Steel   10.42        Egyptian Arabian (cmar) Securi   0.47        Citadel Capital - Common Share   3.31        Gulf Canadian Real Estate Inve   27.54        Egyptians Abroad for Investmen   4.25        Acrow Misr   21.6        Canal Shipping Agencies   12.16        Arab Cotton Ginning   3.54        Egyptian for Tourism Resorts   0.92        Sharkia National Food   5.06        General Company For Land Recla   27.45        Egyptian Media Production City   3.09        Maridive & oil services   1.02        El Shams Housing & Urbanizatio   3.29        Six of October Development & I   20.38        Raya Holding For Technology An   5.31        Orascom Development Holding (A   3.87        National Development Bank   8.16        El Ahli Investment and Develop   7.25        Delta Insurance   5.96        Cairo Oils & Soap   16.41        Remco for Touristic Villages C   2.18        Credit Agricole Egypt   11.05        Sidi Kerir Petrochemicals   13.1        Upper Egypt Flour Mills   50.4        Misr Beni Suef Cement   45.99        Rakta Paper Manufacturing   6.96        Upper Egypt Contracting   1.05        Asek Company for Mining - Asco   9.51        Egyptian Chemical Industries (   10.43        Cairo Pharmaceuticals   20.03        El Kahera Housing   6.13        Cairo Poultry   10.05        ELSWEDY CABLES   20        ARAB POLVARA SPINNING & WEAVIN   2.93        Misr Duty Free Shops   3.44        Extracted Oils   0.79        Ismailia Misr Poultry   3.87        Giza General Contracting   17.45        Telecom Egypt   13.53        Alexandria Mineral Oils Compan   67.67        Egypt for Poultry   2.05        Nozha International Hospital   31.71        Egyptian Financial & Industria   9.22        Oriental Weavers   22        United Arab Shipping   0.63        Kafr El Zayat Pesticides   26.97        GMC GROUP FOR INDUSTRIAL COMME   2.01        International Agricultural Pro   2.86        El Nasr For Manufacturing Agri   13.82        El Ezz Porcelain (Gemma)   2.84        Grand Capital   5.94        El Nasr Transformers (El Maco)   7.41        South Valley Cement   4.07        United Housing & Development   9.16        Egyptians Housing Development    2.88        Arab Gathering Investment   24.82        National company for maize pro   15.01        Arab Aluminum   28.01        Delta Construction & Rebuildin   5.72        El Arabia for Investment & Dev   0.45        Egyptian Transport (EGYTRANS)   10.26        Heliopolis Housing   22.17        Housing & Development Bank   14.64        Minapharm Pharmaceuticals   27.9        Misr Hotels   30        Orascom Construction Industrie   234.43        Northern Upper Egypt Developme   7.67        Sharm Dreams Co. for Tourism I   6.8        Union National Bank - Egypt "    4.65        Arab Real Estate Investment (A   0.46        Eastern Tobacco   100        Faisal Islamic Bank of Egypt -   41.79        Egyptian Real Estate Group Bea   24.36        GB AUTO   27.48        Egyptian Company for Mobile Se   125.94        Samad Misr -EGYFERT   5.25        Gharbia Islamic Housing Develo   13.28        Egyptian for Developing Buildi   10.23        Paper Middle East (Simo)   7.26        Export Development Bank of Egy   6.03        Naeem Holding   0.22        Delta Sugar   12.06        Misr Chemical Industries   6.59        Egyptian Starch & Glucose   8.77        EL Ezz Aldekhela Steel - Alexa   468.07        Mansourah Poultry   15.81        Arab Valves Company   1.47        National Societe Generale Bank   27.8        Universal For Paper and Packag   6.87        Alexandria Cement   11.86        TransOceans Tours   0.11        Faisal Islamic Bank of Egypt -   7.01        Zahraa Maadi Investment & Deve   51.91        Lecico Egypt   7.93        Egypt Aluminum   15.9        Cairo Development and Investme   15.85        Suez Canal Bank   4.65        Alexandria Flour Mills   15.78        General Silos & Storage   15.08        Rowad Tourism (Al Rowad)   7.4        Mena Touristic & Real Estate I   1.69        National Cement   11.87        Pyramisa Hotels   16.75        Middle & West Delta Flour Mill   32.46        The Egyptian Company For Mobil   103.14        Al Arafa Investment And Consul   0.19        Assiut Islamic Trading   5.65        El Arabia for Land Reclamation   18.84        El Nasr Clothes & Textiles (Ka   0.64        Engineering Industries (ICON)   4.75        Natural Gas & Mining Project (   72.5        North Cairo Mills   16.43        Misr Cement (Qena)   67.94        Arab Ceramics (Aracemco)   24        Arab Pharmaceuticals   14.14        Abou Kir Fertilizers   135.58        International Co For Investmen   24.55        Egyptian Saudi Finance Bank   13.43        El Kahera El Watania Investmen   6.71        El Watany Bank of Egypt   16.84        Glaxo Smith Kline   9.46        Torah Cement   26.66        Paint & Chemicals Industries (   41        Egyptian Gulf Bank   1.38        East Delta Flour Mills   33.22        UTOPIA   7.09        Al Moasher for Programming and   1.05        Naeem portfolio and fund Manag   2.26        Barbary Investment Group ( BIG   1.08        Tourism Urbanization   7.3        Cairo Investment & Real Estate   13.86        South Cairo & Giza Mills & Bak   25        Development & Engineering Cons   9.57        Alexandria Containers and good   91.5        El Arabia Engineering Industri   15.62        

Get To Know United Bank’s Mohamed Ashmway


Published Saturday, 11 August 2012 16:49 | Written by Amwal Al Ghad

Mohamed Ashmawy is Federation of Egypt Banks (FEB) Board Member and Chairman & Managing Director of the United Bank.

Mohamed Ashmawy has over 35 years experience in the banking industry and is currently the Chairman and Managing Director of the United Banks of June 2006, Ashmawy was assigned a special mission by the Central Bank of Egypt (CBE) to chair the United Bank, the product of a merger between three insolvent banks (Nile Bank, United Bank of Egypt and Islamic Bank for Investment and Development).

Education:

Ashmawy, obtained his Bachelor Degree in Commerce from Ain Shams University in 1975 and successfully completed professional training programs in Commercial Arbitration, Audit and Credit-Chase Manhattan Bank.

Early Careers:

Ashmawy has diversified wide experience in various fields, mainly banking, agriculture, tourism, printing industries as well as in insurance, brokerage, car financing, and credit assessment which he gained during his numerous senior executive positions in different Industrial, Agricultural and financial institutions both Islamic and Conventional.


He esteemed positions he held included the 1st Vice Chairman and Managing Director of the Commercial International Bank, the Vice Chairman of the Commercial International Brokerage Company, the Vice Chairman of I-Score (Credit Scoring/Assessment Company), the Vice Chairman of the Commercial International Life Insurance Company, the Chairman of the Contact Company for Car Financing, and the Vice Chairman of Board of Trustees of Misr El Kheir Foundation.

He was also a Board of Directors' member of the Agricultural Holding Company and The 6th  October University. Moreover, he played a significant role in restructuring and reforming several institutions.

About The United Bank:

The United Bank is a brand new name in the Egyptian banking and financial sector. It was established by a Republican decision in June 29 2006. And it is now the third largest banking entity in the republic by paid-in capital that amounts to EGP 1 billion. For the first time in history of the Egyptian banks, the Egyptian central bank holds 99.9 % of the United Bank.

It is worth mentioning that the United Bank was born as a giant entity with a branch network of 37 arms countrywide to serve the lender’s clients and meet their all their financial and banking needs.

The United Bank has already completed the second stage for operating its new central automatic system that could link between all branches. And this linking is expected to be finalized before the middle of this year so that all branches can work under a unified central network.

Since the establishment of the United Bank, the bank carries out creation and development of a number of the banking services that their responsibilities are to respond to all clients needs for example: the 5- year golden certificate under the name of " the Millionaire " Besides a number of the innovative savings bases like the golden certificate and a number of other certificates denominated in local or foreign currency.

Moreover, the bank has established "Rakhaa" sector regarding all banking transactions that abide to the Islamic Shariaa provisions and cope with the newest international banking standards. Within "Rakhaa" services there are Ethar certificate - Alodhia instrument and Dyar real estate financing services. In addition to the investment certificates that have been conformity of the Islamic Shariaaa provisions like the 3-year and 5-year certificates with a monthly or semi-annual return and also with a variable monthly return either in the local or foreign currency.

Additionally, the bank established ( the charitable investment ) “Masr Alkheir” fund, that carries account number 100100 as to be a fast response to the call of Mufti of Egypt to establish a fund that allocates its income to treat patients who are not capable of affording the treatment expenses.

As to ensure communication continuity with its clients, and as to facilitate the communication, the bank have established a call center and customer services sections, the call center carries number 19200 specified for receiving any inquiries from the bank clients anywhere inside or outside the Arab Republic of Egypt.

On July 19th, the United Bank announced that it targets to inject EGP 600 million in its loans and credit facilities portfolio, raising it to EGP 4 billion by the end of 2012, compared to EGP 3.4 billion at the end of last May.

Mamdouh Hendy, head of credit department, said the bank succeeded in increasing loans portfolio by EGP 400 million, registering EGP 3.4 billion at the end of May, up from EGP 3 billion at the beginning of 2011.

The United Bank targets also to expand in offering finances to small and medium enterprises (SMEs) in the upcoming period as the bank plans to inject EGP 150 million as sharia-complaint finances to SMEs, increasing the portfolio by 60%.


National Campaigns:

On August 8th, the United Bank has launched a national campaign to renew and improve the endoscopy unit at Imbaba Fever Hospital, said Mohamed Ashmawy, chairman of the United Bank.

Last July 26th, the United Bank had offered cleanliness equipments worth EGP 3 million for cleaning Nasr City and Heliopolis, as part of the national initiative for cleaning the streets in Egypt.

Source:

http://www.febanks.com/boarddetail.aspx?id=58

http://www.theubeg.com/wps/portal/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3jvYEc3R09LYwMDSzNnA09nJxNvUz9TAwNfM6B8JG55U2NidBvgAI4GBHSHg1yL33aQPB7z_Tzyc1P1C3JDIwyyTBQBYK85Bw!!/dl3/d3/L2dJQSEvUUt3QS9ZQnZ3LzZfS1NBRkFJOTMwMDk2QzBJQ0I0SzVONTAwNTM!/?WCM_GLOBAL_CONTEXT=/wps/wcm/connect/Web+Content/EnUB/Home/TheUnitedBank/

http://amwalalghad.com/en/business/banks/6666-united-bank-to-raise-loans-portfolio-to-egp-4-bln-by-end-of-2012.html

http://amwalalghad.com/en/business/banks/7391-united-bank-launches-campaign-to-improve-endoscopy-unit-at-imbaba-hospital.html

http://amwalalghad.com/en/business/banks/6933-united-bank-finances-cleanliness-equipments-worth-egp-3-mln.html

Forex Videos »

شاهد الفيديو

Insecurity in Mali worsens food crisis

شاهد الفيديو

Nigeria's apparent complacency about Western oil companies' theft-Africa Today-06-19-2012

شاهد الفيديو

Is British/Canadian desperation for Tanzanian gold a result of recession?-Africa Today-06-12-2012

شاهد الفيديو

OPEC Expected to Reduce Output If Oil Falls Further