Suez Canal Bank Signs Cooperation Protocol with «e-Aswaaq Misr» to Expand SME Financing and Support Digital Economy
Cairo, 23 November 2025:
Suez Canal Bank has signed a cooperation protocol with “e-Aswaaq Misr”, a subsidiary of e-Finance for Financial and Digital Investments, to support and empower small and medium-sized enterprises (SMEs) and entrepreneurs by offering more efficient and integrated financing solutions.
This partnership supports the Bank’s strategy to reach new customer segments across key sectors in Egypt, especially in remote and underserved areas. By leveraging e-Aswaaq’s digital platform and wide on-ground presence, the Bank will be able to accelerate assessment procedures and reduce operational costs.
The protocol was signed during Cairo ICT 2025, by Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, Eng. Ibrahim Sarhan, Chairman of e-Finance, in presence of Mr. Khaled Mekky, Head of embedded finance at e-Aswaaq Misr, and from Suez Canal Bank’s side Mr. Shehab Zidan, Deputy CEO and Managing Director of Suez Canal Bank, Mr. Omar Nasser, Head of SME Banking at Suez Canal Bank along with the bank’s senior executives.
This cooperation aligns with the Bank’s strategy to support SMEs and entrepreneurship as key drivers of economic growth and job creation. It also strengthens the Bank’s role in promoting financial inclusion by expanding access to banking services, in line with Central Bank of Egypt’s directives and Egypt’s Vision 2030.
In this context, Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, said that this partnership is an important milestone that will enable Suez Canal Bank to offer tailored financing programs designed to help entrepreneurs and SME owners grow their businesses and enhance their competitiveness locally and regionally. It also supports the national efforts toward sustainable economic development.
He added that the cooperation with e-Aswaaq Misr will provide SME Clients with faster and more flexible access to funding through a digitally enabled process, ensuring accurate and efficient assessment of their business needs.
For his part, Eng. Ibrahim Sarhan, Chairman of e-Finance for Financial and Digital Investments, said that this cooperation represents an important step to connect traders and business owners with an integrated digital banking ecosystem, that relies on advanced technology, which contributes to accelerating the pace of digital transformation and enhancing productivity in various sectors.
He highlighted that e-Aswaaq Misr is working to transform traditional supply chains into a fully digital ecosystem that combines sales, purchasing, financing, and logistics services in one platform, expanding access to funding and supporting productive sectors to strengthen their contribution to sustainable economic growth.
About Suez Canal Bank:
Suez Canal Bank is an Egyptian joint stock company established as a commercial bank in 1978. The Bank’s issued and paid-up capital amounts to EGP 6.5 billion, distributed over 650 million shares, while its authorized capital stands at EGP 10 billion.
Suez Canal Bank provides a wide range of banking products, financial services, and tailored solutions to both corporate and individual clients through 54 branches in Egypt and a representative office in Libya, including one branch dedicated to Islamic banking services. SCB also operates an extensive network of ATMs across Egypt, in addition to a global network of correspondent banks.
About e Aswaaq – Misr:
eAswaaq Misr, a subsidiary of eFinance Investment Group, is a leading digital company specialized in providing digital solutions and marketplace platforms. Serving strategic sectors that are key pillars of the Egyptian economy.
eAswaaq Misr digitizes traditional commercial operations by developing, operating, and managing advanced digital platforms that provide comprehensive solutions, while offering value-added services including access to financial and logistics services.
With a strong presence in strategic sectors including agriculture technology, e-lending and e-commerce, eAswaaq Misr leverages cutting-edge technologies in digital transformation to enhance traditional supply chains, transforming them to deliver value chains in ways that drive
economic growth and promote sustainability.
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