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Saman Bank Corp

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Saman Bank Corp

Saman Bank
Public
Traded as BSAZ
Industry Banking, Financial services
Founded 2002
Headquarters Iran
Number of locations 153 banches (Iran)
Key people Seyed Ahmad Taheri Behbahani (CEO)
Products consumer banking, corporate banking, finance and insurance, mortgage loans, private banking, asset management, Credit cards
Employees 1,953 (2010)
Website www.sb24.com

Saman Bank (Persian: بانک سامان‎) is a privately owned Iranian bank. It is listed in Tehran Stock Exchange[1]

History

This bank started its activities as Credit Institution in September 1999. Subsequently, in August 2002, it received a full banking license and changed its name to Saman Bank. Saman Eqtesad Credit Corporation was established on September 23, 1999 with a share capital of Iranian Rials 11 bln (US$ 1.4 mln). It opened its first branch on November 22, 1999 and managed to achieve in its first year of activity a 5% return on equity. In 2002, Saman was the third private financial institution in post-revolutionary Iran to receive a banking license. In this context, the share capital increased to Rials 220 bln (US$ 26 mln).

As of May 2013 the bank had 149 branches in Iran (81 branches in Tehran and 68 branches in other cities).[2]

In March 2007, Saman Bank had a paid-sup share capital of Rials 900 bln (US$ 97 mln). It operates 149 branches across Iran.[3] Saman Bank also launched the first internet banking service in Iran and has since been at the forefront of expansion and enhancement of electronic banking.[4]

Saman Financial Group

In addition to Saman Bank, the Saman Financial Group includes a further eight subsidiary companies that it has launched or acquired a substantial stake in during 2003-2012.

  • Saman Kish Electronic Payment
  • Saman Satellite Communications Group (Saman SCG)
  • Saman Exchange
  • Saman Insurance
  • Saman Brokerage
  • Iranian Credit Bureau & Scoring
  • Saman Processing
  • Aftab Tejarat Saman Servicing

Sponsorship

Saman Bank is a 2013 sponsor of Iran Volleyball Teams & Federation.[5]

See also

References

External links


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