Banque Saudi Fransi
 | |
| Company type | Public |
|---|---|
| ISIN | SA0007879782  |
| Industry | Finance |
| Founded | 1977 |
| Headquarters | Riyadh, Saudi Arabia |
Key people | Mr. Rayan Fayez, Chief Executive Officer Sulaiman Abdulrahman Al Gwaiz (Chairman) |
| Products | Financial Services |
 SAR3,532 million (2017) | |
| Total assets | 178,148,577,000 Saudi riyal (2019) |
Number of employees | 3000+ |
| Website | alfransi |
Banque Saudi Fransi (BSF) (Arabic: البنك السعودي الفرنسي) is a Saudi Joint Stock Company established by Royal Decree No. M/23 dated June 4, 1977.
The bank is affiliated with Crédit Agricole Corporate and Investment Bank.[1] Credit Agricole CIB is a fully-fledged member of the Crédit Agricole Group, the second largest bank in France, and seventh amongst banks of the Eurozone by total equity. As of April 2014, Banque Saudi Fransi has total assets of 192,928,881 SR by the end of 2017.
BSF has a banking network of about 120 branches across the Saudi Kingdom and employs over 3,000 staff. Bank’s head office is located in Riyadh and the company has three regional offices in Jeddah, Al-Riyadh and Al-Khobar [2]
History
Banque Saudi Fransi was established in accordance with the Royal Decree No. m. 32 dd 17 Jumada II 1397H 4 June 1977. Following the transfer of Banque Indocine et de Suez operations in Saudi Arabia, Banque Saudi Fransi officially commenced its operations on 5 September 1989 under CR No. 1010073368 issued on 5 Sept 1989. Banque Saudi Fransi has a branch network of 120 branches.[3]
In June 2012 Fitch Ratings has affirmed Banque Saudi Fransi's (BSF) Long-term Issuer Default Rating (IDR) at 'A' with a Stable Outlook and Short-term IDR at 'F1'.[4]
Services
Banque Saudi Fransi offers financial services in corporate banking, commercial banking and retail banking including Islamic banking in accordance with the Islamic Sharia principles (Arabic: مبادىء الشريعة الإسلامية). The bank also provides investment services such as asset management and investment funds, in addition to providing brokerage services through subsidiary Saudi Fransi Capital[5]
See also
- Crédit Agricole Corporate and Investment Bank
- List of Saudi Arabian companies
- Kingdom of Saudi Arabia
References
- ^ "Banque Saudi Fransi (BSF)". relbanks.com. Retrieved 27 April 2015.
Banque Saudi Fransi is affiliated with Credit Agricole CIB, the corporate and investment banking arm of the Crédit Agricole group
- ^ "Banque Saudi Fransi". www.relbanks.com. Retrieved 27 April 2015.
BSF has a banking network of about 120 branches and over 590 ATMs across the Saudi Kingdom and employs over 2,660 staff. Bank's head office is located in Riyadh and the company has three regional offices in Jeddah, Al-Riyadh and Al-Khobar
- ^ "Saudi Stock Exchange (Tadawul)". www.tadawul.com.sa. Retrieved 27 April 2015.
Following the transfer of Banque Indocine et de Suez operations in Saudi Arabia, Banque Saudi Fransi officially commenced its operations on 5 September 1989 under CR No. 1010073368 issued on 5 Sept 1989.
- ^ "Fitch affirms Banque Saudi Fransi". in.reuters.com. 2012. Retrieved 27 April 2015.
Long-term Issuer Default Rating (IDR) at 'A' with a Stable Outlook and Short-term IDR at 'F1'. Long-term Issuer Default Rating (IDR) at 'A' with a Stable Outlook and Short-term IDR at 'F1'. The agency has also affirmed BSF's Viability Rating (VR) at 'a'.
- ^ "Banque Saudi Fransi". www.bloomberg.com. 2015. Retrieved 10 May 2015.
Banque Saudi Fransi provides banking and financial services in the Kingdom of Saudi Arabia and internationally. It operates in Retail Banking, Corporate Banking, Treasury, and Investment Banking and Brokerage segments. The company offers various private and small establishment customers' demand accounts, overdrafts, loans, saving accounts, deposits, credit and debit cards, consumer loans, forex products, and auto leasing services, as well as protection plans, and Islamic and e-banking services.