Saman Bank
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Saman Bank ( fa, بانک سامان, ''Bank Saman'') is a privately owned Iranian bank. It is listed on the
Tehran Stock Exchange The Tehran Stock Exchange (TSE) ( fa, بورس اوراق بهادار تهران, romanized: ''Burs-e Owraq-e Bahadar-e Tehran'') is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. , 339 companies with a com ...


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 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 2018, the bank had 174 branches in Iran (81 branches in
Tehran Tehran (; fa, تهران ) is the largest city in Tehran Province and the capital of Iran. With a population of around 9 million in the city and around 16 million in the larger metropolitan area of Greater Tehran, Tehran is the most popul ...
and 68 branches in other cities). In March 2007, Saman Bank had a paid-sup share capital of Rials 900 bln (US$97 mln). It operates 149 branches across Iran. 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.


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 BrokerageIranian Credit Bureau & Scoring
* Saman Processing * Aftab Tejarat Saman Servicing * Kardan Investment Bank


Achievements

*Saman Bank’s campaign of “There is water, yet very little!” won Sarv-e Zarbin award for the best commercial graphic design in the Fourth Sarv-e Noghrei Biennial.


Sponsorship

Saman Bank was a 2013-2016 sponsor of Iran Volleyball Teams & Federation.


See also

*
Banking and insurance in Iran Following the Iranian Revolution, Iran's banking system was transformed to be run on an Islamic interest-free basis. As of 2010 there were seven large government-run commercial banks. As of March 2014, Iran's banking assets made up over a third o ...
*
Economy of Iran The economy of Iran is a mixed economy with a large state-owned sector and is the largest in the Middle East in terms of nominal GDP. It is the world's 21st largest by purchasing power parity (PPP). Some 60% of Iran's economy is centrally pla ...
* List of banks in Iran


References


External links

*
View Annual Report 2009 of BEESaman Bank
Banks of Iran Banks established in 2002 Companies listed on the Tehran Stock Exchange Iranian companies established in 2002 {{Iran-stub