Suez Canal Bank has signed a cooperation protocol with CRIF Egypt to introduce the Synesgy platform, reaffirming its commitment to advancing sustainability. This innovative platform enables clients to evaluate and improve their sustainability performance, aligning with the bank’s dedication to adopting Environmental, Social, and Governance (ESG) principles in support of Egypt’s Vision 2030 for sustainable development.
The signing ceremony was attended by Akef El Maghraby, CEO and Managing Director of Suez Canal Bank; Shehab Zidan, Deputy CEO and Managing Director, along with the heads of Corporate Banking, Corporate Finance & Investment Banking, and Sustainability & Sustainable Finance departments. From CRIF, attendees included Marco Preti, CEO of CRIBIS D&B and General Manager of CRIF Group; Manjeet Chhabra, Managing Director of CRIF UAE & Egypt; and Emad Kozman, Country Manager of CRIF Egypt.
This partnership highlights Suez Canal Bank’s strategy to integrate ESG practices into its operations and empower clients—particularly small and medium-sized enterprises (SMEs)—to measure and strengthen their sustainability initiatives. Developed by CRIF, a global leader in digital solutions and business information, Synesgy provides a comprehensive suite of tools that enable businesses to assess their ESG performance and make informed, responsible business decisions.
The Synesgy platform helps integrate sustainability standards into daily business operations by offering detailed key performance indicators and advanced tools for evaluating ESG compliance. These features allow businesses to proactively manage risks, align with regulatory expectations, and adhere to local and international sustainability standards. Moreover, adopting the platform can enhance a company’s reputation, making it more appealing to investors and customers who prioritise sustainability.
To ensure the effective adoption of Synesgy, Suez Canal Bank organised a dedicated workshop for senior executives, department heads, and relationship managers. This training equips them to better support clients in integrating the platform into their operations.
This initiative aligns with Suez Canal Bank’s broader vision to deliver innovative banking services that actively contribute to sustainable development goals. By enabling businesses to address environmental and social challenges, the bank is also helping unlock new avenues for sustainable economic growth in Egypt.
Commenting on the partnership, Akef El Maghraby stated: “This collaboration reflects the bank’s dedication to embedding ESG into our banking practices and equipping our clients with the tools they need to make responsible decisions that enhance their business sustainability.”
Marco Preti, CEO of CRIBIS D&B and General Manager of CRIF Group, added: “We are pleased to partner with Suez Canal Bank to bring the Synesgy platform to Egypt. This marks an important step in supporting businesses to enhance their sustainability practices through advanced data and technology, helping them evaluate and improve their ESG performance.”
CRIF is globally recognised as one of the leading credit rating agencies licensed by the European Securities and Markets Authority (ESMA). The company specialises in producing financial, commercial, and technical creditworthiness reports, alongside sustainability assessments that provide valuable insights for business, investment, and credit decision-making.
Established in 1988 in Bologna, Italy, CRIF now operates in over 40 countries across four continents. Its services are used daily by more than 10,500 banks and financial institutions, 82,000 businesses, and over one million individual customers worldwide. Since 2016, CRIF has consistently been featured in the prestigious IDF FinTech Top 100 Rankings.
Founded in 1978 as an Egyptian joint-stock company, Suez Canal Bank offers a wide range of banking and financial solutions tailored to the needs of corporate and individual clients. Through a network of 53 branches and a robust network of ATMs across Egypt, the bank aims to provide diverse, innovative products and services, as well as flexible financing options that feature competitive interest rates and convenient repayment plans.
