Latest news with #SuezCanalBank
Daily News Egypt
a day ago
- Business
- Daily News Egypt
Suez Canal Bank, Mastercard send lucky cardholder to Venice Film Festival in exclusive ‘Spend & Win' campaign
Suez Canal Bank, in partnership with Mastercard, has successfully concluded its 'Spend & Win' campaign, awarding one lucky winner and a guest an exclusive, all-expenses-paid trip to the 82nd Venice International Film Festival — one of the world's most prestigious cultural events. This unique reward highlights the shared commitment of both institutions to deliver exceptional, lifestyle-enhancing experiences to their valued clientele. Running from May 9 to June 9, 2025, the campaign was open to Suez Canal Bank Mastercard Platinum credit cardholders. To qualify, participants needed to make at least one transaction of EGP 10,000 or more during the campaign period, with a total minimum spend of EGP 50,000 per card. Eligible cardholders were automatically entered into a draw for the grand prize: an unforgettable Venice Film Festival experience. The campaign spotlighted the Mastercard Platinum credit card, positioning it not just as a financial tool, but as a gateway to premium experiences around the world. Mohamed Assem, Country Manager for Egypt, Iraq, and Lebanon at Mastercard, stated: 'For over 25 years, Mastercard has led the way in connecting people to their passions through our Priceless platform. This collaboration with Suez Canal Bank continues that tradition by offering cardholders access to one of the globe's most iconic cultural events. It's a testament to how Mastercard turns everyday spending into unforgettable memories.' Akef Elmaghraby, CEO and Managing Director of Suez Canal Bank, said: 'We are proud to reward our winner with a truly exceptional experience at the Venice International Film Festival. This initiative reflects our vision of providing more than just financial services — it's about elevating our customers' lifestyles through exclusive partnerships like this one with Mastercard.' Suez Canal Bank's Mastercard Platinum credit card offers a wealth of benefits that go far beyond banking. Cardholders enjoy access to over 1,200 VIP airport lounges worldwide, a comprehensive medical tourism concierge for travelers, and premium discounts across travel, shopping, and entertainment. In addition, clients receive complimentary Concierge services — acting as a personal assistant to help manage daily tasks, including travel arrangements, personal shopping, and even government paperwork. This campaign is a clear reflection of Suez Canal Bank and Mastercard's ongoing strategy to redefine banking through innovation, exclusivity, and meaningful customer experiences. By transforming routine spending into opportunities for global adventures, the partnership continues to set a high bar in customer engagement and satisfaction.
bnok24
2 days ago
- Business
- bnok24
Mastercard and Suez Canal Bank Award .. Exclusive, The Venice International Film Festival experience to one lucky winner
بنك قناة السويس Suez Canal Bank, in collaboration with Mastercard, has successfully concluded its Spend & Win Campaign), awarding one distinguished winner Plus One a once-in-a-lifetime experience at the 82nd Venice International Film Festival. This exclusive experience reflects both the Bank and Mastercard's ongoing commitment to providing unparalleled rewards and opportunities to their valued customers The (Spend & Win) campaign invited (Suez Canal Bank MasterCard platinum Credit Card holders) to participate from (9th of May 2025) till (9th of June 2025) To enter the Campaign, customers required to (Spend with his Mastercard platinum credit card at least one qualifying transaction with minimum amount EGP 10K during the campaign period with minimum qualifying spend amount per card of EGP 50K) Eligible participants who fulfilled the campaign requirements will automatically enter a Spend & Win campaign to win the grand prize: an exclusive trip to the 82nd Venice International Film Festival The campaign spotlighted specific Mastercard products, including (Mastercard platinum credit card), reinforcing their positioning as gateways to world-class experiences Mohamed Assem, Country Manager for Egypt, Iraq, and Lebanon at Mastercard, commented: 'For more than 25 years, Mastercard has stood as a global leader in connecting people to their passions through our Priceless platform. This collaboration with Suez Canal Bank is an exciting extension of that legacy. We are proud to offer our cardholders the opportunity to experience one of the world's most celebrated cultural events, highlighting how Mastercard continues to make dreams a reality for our loyal customers Akef Elmaghraby, CEO and Managing Director of Suez Canal Bank, said: 'We are proud to celebrate our winner's journey to the Venice International Film Festival — a truly exceptional experience. This initiative reflects our broader vision of enriching the lives of our valued Mastercard platinum credit card holders beyond traditional banking. through our collaboration with Mastercard, we continue to deliver exclusive opportunities that embody the luxury, sophistication, and ambition that define our customers' lifestyles Suez Canal Bank's portfolio of affluent Mastercard cards offers far more than just financial services — it's an entryway to a world of luxury. With a range of exceptional services and benefits, (Mastercard platinum credit card) cardholders enjoy seamless access to over 1,200 VIP airport lounges worldwide, and comprehensive medical tourism concierge for travel. Beyond that, cardholders gain access to exclusive discounts and offers that elevate their shopping and travel experiences, ensuring a life of unparalleled convenience, security, and prestige in addition to the exclusive Mastercard benefits, Suez Canal Bank is offering this premium card with a complimentary Concierge service designed to enhance the lifestyle of our Elite clients. This service acts as a personal assistant, ensuring efficiency and convenience by handling essential daily tasks such as personal shopping, navigation assistance, government-related errands, holiday planning, and seamless travel coordination, including flight reservations This campaign aligns seamlessly with Mastercard and Suez Canal Bank's shared vision of creating richer, more rewarding banking experiences for their customers. By continuously offering unique rewards and opportunities, both companies demonstrate their commitment to going beyond traditional banking — turning everyday card usage into memorable moments and valuable experiences Google News تابعونا على تابعونا على تطبيق نبض
Zawya
19-05-2025
- Business
- Zawya
Egypt: Beltone arranges $10mln securitized bond issuance for Jameel Finance
Arab Finance: Beltone Investment Banking, a subsidiary of Beltone Holding, concluded the first securitization issuance for Jameel Finance-Egypt under its fifth program, according to an emailed press release. Totaling EGP 500 million, the transaction anchors Beltone's position as a leader in Egypt's debt capital markets. The offering was structured across three tranches, with tranche A valued at EGP 120 million, carrying a maturity period of 12 months. The second tranche amounted to EGP 268 million, holding a tenor of 36 months, while the third tranche, worth EGP 112 million, has a 48-month maturity. The first tranche received a Prime 1 rating, the highest credit rating awarded by Middle East Rating & Investors Service (MERIS), with the second and third tranches having an 'A' rating. This flexible structure offers a balanced mix of risk and return, meeting the needs of institutional investors. Beltone Investment Banking acted as financial advisor, lead arranger, and bookrunner for the transaction, which was executed through Tamweel Securitization. Dreny & Partners served as the legal advisor, while Baker Tilly acted as the external auditor. Suez Canal Bank was the custodian and placement agent, with underwriting led by Suez Canal Bank and Banque du Caire. Meanwhile, Beltone Asset Management participated as a subscriber. Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets at Beltone Holding, commented: 'This issuance reflects our continued strategy to provide clients with tailored, market-driven funding solutions that enable long-term financial stability and flexibility.' Hassan added: 'Looking ahead, we remain focused on expanding our presence in the debt capital markets through innovative structures that respond to our clients' evolving needs and the dynamic nature of the financial landscape.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
18-05-2025
- Business
- Zawya
Beltone Investment Banking concludes EGP500mln securitized bond issuance for Jameel Finance-Egypt
Cairo – Beltone Investment Banking, a wholly owned subsidiary of Beltone Holding, has successfully arranged the first securitization issuance for Jameel Finance-Egypt under its fifth program, totaling EGP500 million. This transaction reinforces Beltone's position as a leader in Egypt's debt capital markets. The issuance was structured across three tranches: Tranche A, valued at EGP120 million with a maturity period of 12 months; the second valued at EGP268 million with a 36-month maturity; and the third valued at EGP112 million with a 48-month maturity. The first tranche received a Prime 1 rating—the highest credit rating awarded by MERIS (Middle East Rating & Investors Service). Meanwhile, the second and third tranches were assigned an 'A' rating. This flexible structure provides a balanced mix of risk and return, catering to a broad range of institutional investors. Beltone Investment Banking acted as financial advisor, lead arranger, and bookrunner for the deal, which was executed through Tamweel Securitization. Key partners included Dreny & Partners (legal advisor), Baker Tilly (external auditor), and Suez Canal Bank (custodian and placement agent), with underwriting led by Suez Canal Bank and Banque du Caire, while Beltone Asset Management participated as a subscriber. Building on Beltone Investment Banking's ongoing efforts to expand access to diversified and efficient financing tools, the successful closure of this transaction highlights Beltone's commitment to supporting sustainable growth across Egypt's debt capital markets. Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets at Beltone Holding, commented: 'This issuance reflects our continued strategy to provide clients with tailored, market-driven funding solutions that enable long-term financial stability and flexibility. We're proud to have partnered with Jameel Finance- Egypt part of Abdullatif Jameel Group in this debut securitization. Their trust in our capabilities is a strong endorsement of the value we aim to deliver through our debt capital markets platform. Looking ahead, we remain focused on expanding our presence in the debt capital markets through innovative structures that respond to our clients' evolving needs and the dynamic nature of the financial landscape.' About Beltone Investment Banking: Beltone Investment Banking, a wholly owned subsidiary of Beltone Financial Holding, is a regional one-stop-shop for advisory and capital raising. With a team of skilled professionals who have accumulated critical knowledge and expertise from dealing with leading regional and international investment banks, Beltone Investment Banking has successfully executed deals totaling EGP126 billion across local and regional markets, with regional mandates that capitalize on high-growth sectors. About Beltone Holding: Beltone Holding (Egyptian Stock Exchange Code: is a leading provider of financial services with a distinguished track record spanning decades in the Middle East and North Africa. The Company offers a comprehensive and expanding range of financial solutions and services, including securities brokerage, underwriting and advisory services, asset management, research, and direct investment, as well as non-banking financial services such as leasing, factoring, consumer finance, venture capital, microfinance, real estate finance, and small and medium-sized enterprise (SME) financing. The company has an ambitious vision to revolutionize the financial sector in the region, leveraging the global expertise and knowledge of its team to provide innovative, value-added solutions, create additional opportunities for its clients, enhance market value, and achieve impactful results. For more information, please visit the company's website: Investor Relations: ir@ About Jameel Finance, Egypt: Jameel Finance, Egypt has been operating in the Egyptian market for 25 years providing innovative and reliable financing solutions to its customers, including consumer and vehicle financing services to meet customers' needs and improve their quality of life. Jameel Finance, Egypt is a trusted partner to both individuals and corporates, helping achieve their financial aspirations. Registered with the Financial Regulatory Authority (FRA) under License No. (16) of 2020. For more information, please visit the website:
Daily News Egypt
17-05-2025
- Business
- Daily News Egypt
Suez Canal Bank posts EGP 1.3bn in Q1 profits, doubling year-on-year
Suez Canal Bank reported net profits of EGP 1.3bn for the first quarter (Q1) of 2025, more than double the EGP 600m recorded in the same period last year—an impressive year-on-year growth of 114.4%. CEO and Managing Director Akef El Maghraby attributed the performance to a 54% rise in net interest income, which climbed to EGP 1.7bn from EGP 1.1bn in Q1 2024. The bank's total assets increased by 12.8% year-on-year, reaching EGP 203bn in March 2025, up from EGP 180bn. This was underpinned by an 11.7% increase in customer deposits, which rose to EGP 151bn from EGP 135bn. The bank's net loan and customer facilities portfolio also expanded, growing by 15.4% to EGP 86bn, compared to EGP 75bn in 2024. Corporate lending led the charge, up 15.7% to EGP 80.7bn, driven by diversified financing across sectors such as agriculture, construction, financial services, real estate, and tourism—an approach aimed at risk distribution and client diversification. Retail banking also maintained strong momentum, with net retail loans increasing by 13.3% to EGP 6bn, up from EGP 5.3bn. During its general assembly on March 16, 2025, the bank approved the distribution of EGP 3.5bn in bonus shares from its 2024 profits. The move raised the bank's paid-in capital to EGP 10bn, strengthening its capital base and expanding its capacity to support larger-scale investments and meet customer demand. Suez Canal Bank continued to build on its strategic pillars during Q1 2025, including expanding into key economic sectors, enhancing institutional and project finance, and supporting the Central Bank of Egypt's initiatives and Egypt Vision 2030. The bank also advanced its digital transformation strategy, introducing new solutions to better serve its growing and diverse customer base.
