Saman Bank |
| Company type | Public |
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| Farabourse: سامان
ISIN: IRO7BSAP0001 |
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| Industry | Banking, Financial services |
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| Founded | 2002 (2002) |
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| Headquarters | Tehran, Iran |
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Number of locations | 153 branches (Iran) |
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Area served | Worldwide |
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Key people | Alireza Marefat
(CEO) |
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| Products | Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, wealth management, credit cards, |
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Number of employees | 2,425 (2018) |
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| Website | www.sb24.ir |
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Saman Bank (Persian: بانک سامان, Bank Saman) is a privately owned Iranian bank. It is listed on the 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 11 bln Iranian Rials (US$1.4m).
It opened its first branch on November 22, 1999. 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).
In March 2007, Saman Bank had a paid-sup share capital of Rials 900 bln (US$97 mln). It operated 149 branches across Iran.[2]
As of May 2018, the bank had 174 branches in Iran (81 branches in Tehran and 68 branches in other cities).[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.
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