Suez Canal Bank has signed a strategic partnership agreement with Lucky, a leading financial technology company operating in Egypt and the Middle East, as part of efforts to strengthen financial innovation and support the development of a more integrated and efficient financial ecosystem.
Under the agreement, the two sides will collaborate to develop and deliver innovative financial solutions, leveraging their combined expertise to expand access to digital financial services across the Egyptian market.
The partnership is built on integrating the strengths of both institutions. Lucky brings advanced capabilities in data analytics and digital customer engagement, while Suez Canal Bank contributes its robust banking infrastructure along with strong regulatory and compliance expertise. The collaboration aims to deliver integrated and accessible financial solutions tailored to the needs of diverse customer segments.
The agreement was signed by Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, and Ayman Essawy, Co-Founder and CEO of Lucky.
Commenting on the partnership, El Maghraby said the cooperation with Lucky aligns with the bank’s strategy to empower fintech companies and support the development of innovative and secure credit solutions that meet evolving customer needs. He added that the initiative also contributes to advancing Egypt’s broader goals of financial inclusion and digital transformation.
For his part, Essawy described the agreement as a strategic step in Lucky’s expansion plans, noting that the partnership will help broaden access to digital financial services and reach a wider segment of customers in the Egyptian market.
Meanwhile, Shehab Zidan, Deputy CEO and Managing Director of Suez Canal Bank, said collaboration between banks and fintech companies represents a key pillar in developing more flexible business models capable of keeping pace with the rapid changes in the financial services sector.
Nagham Kandil, Head of Retail Banking at Suez Canal Bank, added that the partnership will help expand the bank’s portfolio of digital products by combining traditional banking expertise with financial technology, enhancing the customer experience and diversifying available credit solutions.
