|Industry||Banking, Financial services|
Number of locations
|153 branches (Iran)|
|Products||Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, wealth management, credit cards,|
Number of employees
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).
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 Brokerage
- Iranian Credit Bureau & Scoring
- Saman Processing
- Aftab Tejarat Saman Servicing
- Kardan Investment Bank
- 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.
Saman Bank was a 2013-2016 sponsor of Iran Volleyball Teams & Federation.