The United Bank of Egypt confirmed the appointment of Tarek Fayed as Chief Executive Officer and Managing Director in September 2025, following a formal disclosure on the Egyptian Exchange. He succeeds Ashraf El Kady, who had held the chief executive position at The United Bank since 2016.
FAYED'S CAREER
He served as Chairman and Chief Executive Officer of Banque du Caire for close to eight years. Prior to Banque du Caire, Fayed held senior positions at the Central Bank of Egypt, and at Citibank.
STRATEGIC PRIORITIES
Fayed has publicly identified four main pillars for The United Bank's strategic direction under his leadership, according to statements reported by Daily News Egypt. The four pillars are digital and integrated banking solutions, expansion of retail banking services, sustainability and the green economy, and stronger community engagement. The CBE had cut its overnight deposit rate by a cumulative 525 basis points through August 2025, bringing it to 22%.
Enterprise AM reported his formal appointment with reference to the EGX disclosure.