As part of efforts to strengthen financial innovation and advance a more integrated and efficient financial ecosystem, Suez Canal Bank and “Lucky”, a leading financial technology company in Egypt and the Middle East, have signed a strategic partnership agreement aimed at enhancing credit accessibility and supporting the growth of digital financial services in the Egyptian market.
Under the agreement, both parties will collaborate to develop and deliver innovative financial solutions, leveraging their combined expertise to expand access to digital financial services across Egypt.
The partnership is built on the integration of both parties’ expertise. Lucky brings its advanced capabilities in analytics technologies, and digital customer reach, while Suez Canal Bank provides its robust banking infrastructure and strong regulatory and compliance expertise. This collaboration aims to deliver integrated and accessible financial solutions that meet the needs of diverse customer segments.
The agreement was signed by Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, and Mr. Ayman Essawy, Co-Founder and CEO of Lucky. The signing ceremony was attended from the bank by Mr. Shehab Zidan, Deputy CEO and Managing Director, and Ms. Nagham Kandil, Head of Retail Banking at Suez Canal Bank, and from Lucky, Mr. Tarek Amr, Chief Financial Officer, and Mr. Islam Hafez, Chief Marketing Officer of Lucky.
In this context, Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, stated that the cooperation with Lucky comes as an extension of the Bank’s strategy to empower fintech companies and enable the delivery of innovative and secure credit solutions that meet customers’ needs, while supporting the country’s efforts toward financial inclusion and digital transformation.
For his part, Mr. Ayman El Essawy, Co-Founder and CEO of Lucky, said: “This partnership with Suez Canal Bank represents a strategic step in Lucky’s journey to expand its services and enhance the accessibility of digital financial solutions to a broader segment of customers in the Egyptian market.”
In the same context, Mr. Shehab Zidan, Deputy CEO and Managing Director of Suez Canal Bank, explained that cooperation between the banking sector and fintech companies represents a key pillar in developing a more flexible business model capable of keeping pace with the rapid transformations in the market.
Ms. Nagham Kandil, Head of Retail Banking at Suez Canal Bank, added that this collaboration contributes to expanding the range of digital products offered to customers by combining banking expertise with financial technology, enhancing customer experience, and diversifying available credit solutions.
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