Banque Saudi Fransi (BSF) is a Saudi Arabian Joint Stock Company established by Royal Decree No. M/23 dated June 4, 1977. It is a full service commercial bank serving the local and international banking needs of its clients. It is a leading provider of comprehensive financial services and products in the Kingdom of Saudi Arabia and other markets.
Global Partnership
The Bank is affiliated with Credit Agricole Corporate and Investment Bank that holds an equity interest of 31.1%. 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 Euroland by total equity.
Objectives
Our objective is to provide all types of commercial banking services to both domestic and international customers.
BSF aims at creating a long term and personalized partnership with all its customers, gaining loyalty through recognized banking expertise, quality of service, as well as innovative and customized financial solutions.
Extensive Network
Our Head office is located in Riyadh and we have three (3) Regional Offices in Jeddah, Al-Riyadh and Al-Khobar.
Our physical Sales Distribution Network totaling 104 is composed of:
- 81 full-pledged Branches (including 11 Islamic Branches);
- 5 FransiConnection or Self-Service Branches; and
- 18 Ladies Sections
Total ATM network is 385 (in 134 onsite and 251 offsite locations).
Total POS merchants grew to 4,463 while terminals reached 5,092.
2439 employees as of 31st December 2010.
Steady Growth
Over the years, BSF has demonstrated a sustainable pattern of growth that has established its current financial strength and leadership in the Saudi market, positioned the Bank as a modern and dynamic institution fully geared to meet the challenges of the future. In the area of Islamic banking services, Banque Saudi Fransi had made considerable improvement in the development of products and services including enhancements of our branches to comply with the provisions of Islamic Sharia and to provide alternative products available to companies and individuals including investment and treasury services. Banque Saudi Fransi plays a leading role in the provision of these services aside from leasing and participation in Tawarruq for corporate clients.
Profits
Banque Saudi Fransi has announced its financial results for the full year 2010 recording a net income of SR 2,801 Million .The earnings per share establish at SR 3.87 for the full year 2010.
Source: Alfransi.com
