Latest news with #SuezCanalBank
Daily News Egypt
12 hours ago
- Business
- Daily News Egypt
Suez Canal Bank partners with CRIF Egypt to advance sustainability through Synesgy
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.
bnok24
3 days ago
- Business
- bnok24
Suez Canal Bank Partners with CRIF Egypt to Promote Sustainability through Synesgy Platform
Reaffirming its efforts in sustainability, Suez Canal Bank has signed a cooperation protocol with CRIF Egypt to introduce the Synesgy platform. This innovative platform enables clients to evaluate their sustainability performance, aligning with the bank's dedication to adopting Environmental, Social, and Governance (ESG) principles which supports Egypt's 2030 Vision for sustainable development The protocol signing ceremony was attended by Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, Mr. Shehab Zidan, Deputy CEO and Managing Director, along with heads of Corporate Banking, Corporate Finance & Investment Banking, and Sustainability & Sustainable Finance departments. From CRIF, Mr. Marco Preti, CEO CRIBIS D&B and General Manager CRIF Group, Mr. Manjeet Chhabra, Managing Director CRIF UAE & Egypt, Mr. Emad Kozman, Country Manager CRIF Egypt The partnership underscores Suez Canal Bank's efforts to integrate ESG practices into its operations and empower clients—particularly small and medium enterprises (SMEs)—to assess and enhance their sustainability efforts. Developed by CRIF, a global leader in digital solutions and business information, Synesgy offers a comprehensive suite of tools to evaluate ESG performance and make responsible business decisions Synesgy facilitates the integration of sustainability standards into daily operations by offering key performance indicators and advanced tools for assessing ESG compliance. These features help businesses manage risks, meet regulatory expectations, and align with both local and international sustainability standards. Additionally, the platform enhances companies' reputations, making them more attractive to investors and customers focused on sustainability Suez Canal Bank is ensuring the platform's seamless adoption. To this end, the bank organized a workshop attended by senior executives, department heads, and relationship managers to provide the necessary training and support for clients This initiative reflects Suez Canal Bank's vision to deliver advanced banking services that contribute to sustainable development goals. By empowering businesses to address environmental challenges, the bank is also fostering new opportunities for sustainable economic growth in Egypt Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, emphasized: 'This partnership reflects the bank's dedication to integrating ESG into its banking activities and providing clients with tools to make responsible decisions that enhance their business sustainability Marco Preti, CEO CRIBIS D&B and General Manager CRIF Group, highlighted the importance of this collaboration: 'We are pleased to partner with Suez Canal Bank to introduce the Synesgy platform in Egypt. This is a significant step in supporting businesses to strengthen their sustainability efforts through advanced technology and data, helping them evaluate and improve their ESG performance Google News تابعونا على تابعونا على تطبيق نبض
Zawya
30-06-2025
- Business
- Zawya
USD exchange rates below EGP 50-mark at Egyptian banks on Sunday
Arab Finance: The exchange rate of the US dollar to the Egyptian pound retreated on Sunday. At the Suez Canal Bank, the dollar recorded EGP 49.65 for buying and EGP 50.75 for selling by 3:53 pm. The US dollar traded at EGP 49.64 for buying and EGP 49.74 for selling at the Commercial International Bank Egypt (CIB), Banque Misr, and the National Bank of Egypt (NBE). The exchange rate hit EGP 49.63 for buying and EGP 49.73 for selling at Al Baraka Bank Egypt. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
16-06-2025
- Business
- Zawya
USD/EGP exchange rates hike at Egyptian banks on mid-Sunday
Arab Finance: The exchange rate of the US dollar to Egyptian pound surged during Sunday's opening session, with the dollar recording EGP 50.77 for buying and EGP 50.87 for selling at the Suez Canal Bank. At the United Bank, the exchange rate traded at EGP 50.50 for purchasing and EGP 50.60 for selling. At Banque Misr, the US dollar recorded EGP 49.57 for buying and EGP 49.67 for selling at 11:42 AM. The USD registered EGP 50.6 for buying and EGP 50.7 for selling at Faisal Islamic Bank of Egypt. Meanwhile, it hit EGP 50.59 for purchasing and EGP 50.69 for selling at both the National Bank of Egypt (NBE) as well as the Commercial International Bank Egypt (CIB). © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
See - Sada Elbalad
11-06-2025
- Business
- See - Sada Elbalad
Dollar Declines against Egypt Pound to 49.40
Taarek Refaat The US dollar exchange rate witnessed a significant decline against the Egyptian pound on Wednesday, in a number of banks. Most major banks recorded selling prices ranging between EGP 49.40 and EGP 49.68, reflecting the continued slight decline in the dollar's value in the banking market. The Suez Canal Bank recorded the lowest buying price for the dollar at EGP 49.40, while the National Bank of Kuwait recorded the highest selling price at EGP 49.68. At the central Bank of Egypt the greenback recorded to buy 49.42 and 49.56 to sell following Eid Al-Adha weekend. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
