History

 
As a private bank , BSI was established in 1952 . with around 3000 active branches , BSI runs the largest banking network in Iran . In 2000 , BSI started offering electronic online services , and now pioneers in the number of online branches ATM . machines , and point of sale terminals with remarkable share of the market .
With close to 60 years of banking experience, a deep sense of commitment to its basic principle and a full implementation of usury-free Islamic banking, BSI, as a credible popular bank always attempts to maintain its top position among other rivals through following the lead in international banking and customer–oriented principles and offering quality banking services. In addition, BSI has a leading role in achieving customer satisfaction and developing the economy of our Islamic country.
From the very beginning, BSI endeavored to encourage innovation in banking services in line with its customer – oriented marketing strategy .
The first BSI overseas branch was established in Hamburg, Germany in 1961, which was followed by opening of other overseas branches Including London , Frankfurt , paris , Athens , Ashkabad , Muscat , Qatar , (2 branches ) , UAE ( 8 branches plus one Regional Office ) , Lebanon (5 branches plus one Regional Office ) . Now BSI has the full or partial ownership of 4subsidiaries and independent overseas bank including BSI , PLC in London . The overall BSI banking units currently stands at 25 .
Although ,our overseas branches are providing retail banking services, their core business remains to be Trade Finance.
In 2013.03.20 , BSI has IRR 22,906,142 million ( $ 1,868 million ) as share capital. Its capital adequacy ratio and profit was 7.87% and IRR 4,992,689 million ( $ 407 million ) respectively .
At present, the capital of bank Saderat Iran has increased to IRR 57800 billion (USD 4.7 billin)
The following table shows BSI’s shareholders and the number and percent of shares:​ ​ ​
​No. ​Description Number of shares ​Percent
​1 ​​Individuals ​​2,985,424,586 ​13
​2 ​​Legal Persons ​4,403,554,060 ​19.3
​3 ​BSI staff ​1,145,307,098 ​5
4​ ​​Islamic Republic of Iran Government ​5,209,399,496 ​22.7
​5 ​Provincial investment co ​9,162,456,760 ​40
Total​ ​ 22,906,142,000 ​100
 
Some of the international awards that Bank Saderat Iran has recieved are as follows:









In line with respecting the customers and achieving customers' satisfaction, Bank Saderat Iran, with its constant mottos "BSI at people's service" and "Customer is right", has been awarded the following honors:
In 2001 "The Banker" announced BSI as the Bank of the Year 2001.
In 2005 "Euro Money" announced BSI as the most honest financial institution in Iran.
In 2006 "Islamic Finance News" announced BSI as the best Islamic Bank in Iran for the quality of its banking products and services.
In 2008 "Global Finance", published in New York, announced BSI as the best Islamic Financial Institute in Iran.
In 2011 "The Banker" ranked BSI 259th within 1000 world top banks in terms of capital tier one, becoming No. 1 among other Iranian banks.  Last year, BSI was ranked fifth on the list of 100 top national companies, released annually by Iran Industrial Management Organization, beating all other national banks.
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