Banque Saudi Fransi (BSF;

Arabic Arabic (, , or , ) is a Central Semitic languages, Central Semitic language of the Afroasiatic languages, Afroasiatic language family spoken primarily in the Arab world. The International Organization for Standardization (ISO) assigns lang ...

: البنك السعودي الفرنسي) is a Saudi Arabian bank established by Royal Decree No. M/23 dated June 1977. BSF has a banking network of about 83 Full-Fledged branches, 4 ladies section, 563 ATM's and 45031 POS across the Saudi Kingdom and employs over 3,000 staff. The bank's head office is located in

Riyadh Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. Located on the eastern bank of Wadi Hanifa, the current form of the metropolis largely emerged in th ...

and the company has three Regional Head offices in

Jeddah Jeddah ( ), alternatively transliterated as Jedda, Jiddah or Jidda ( ; , ), is a List of governorates of Saudi Arabia, governorate and the largest city in Mecca Province, Saudi Arabia, and the country's second largest city after Riyadh, located ...

, Dammam,

Abha Abha (, ') is the capital of Asir, Asir Province in Saudi Arabia. It is situated above sea level in the fertile Asir Mountains of south-western Saudi Arabia, near Asir National Park. Abha's mild climate makes it a popular tourist destination fo ...

. As of 2023 financial report, Banque Saudi Fransi had total assets of 253 Billion SAR and total liabilities of 212 Billion SAR On May 2, 2024 Banque Saudi Fransi Launched its new identity with a new logo, name initialised from Banque Saudi Fransi to BSF, color changed, new website, and new app.

Services

Banque Saudi Fransi offers financial services in

private banking Private banking is a general description for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income or substantial asset ...

, corporate baking and personal banking, including Islamic banking in accordance with the Islamic

Sharia Sharia, Sharī'ah, Shari'a, or Shariah () is a body of religious law that forms a part of the Islamic tradition based on Islamic holy books, scriptures of Islam, particularly the Quran, Qur'an and hadith. In Islamic terminology ''sharīʿah'' ...

principles (

: مبادىء الشريعة الإسلامية). The bank also provides investment services such as asset management and investment funds, in addition to providing brokerage services through subsidiary BSF Capital. The bank also provides car leasing services and several other Shariah-compliant financing solutions for private individuals and businesses in the kingdom through JB (

:جيبي ). In addition, the bank Also Provides Insurance Services to Individuals. The bank also has special ladies banking services with their own Branches around the kingdom and for individuals they provide services through Branches, FransiPlus, FransiMobile, BSF Phone (Telephone Banking), BSF ATM, BSF Send (Instant Transfer Via Western Union), BSF self-service machines, and branches Where you can print documents, issue and replace cards, transfer money, pay bills, update information and more. BSF also has a loyalty rewards program known as BSF Jana where you can earn points for using credit card, bill payments, loans or digital banking services BSF issues MADA, Visa and Mastercard debit and credit Cards They also have Different Types of cards including miles credit card in partnership with Saudia Airlines, which allows the user to earn Al Fursan miles on every purchase. Their cards work with Mada Pay and Apple Pay. BSF has 4 banking programs for individuals classic banking, advance banking, privilege banking, and elite banking.

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 de l'Indochine et de Suez operations in

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...

, Banque Saudi Fransi officially commenced its operations on 5 September 1989, under CR No. 1010073368 issued on 5 September 1989. In 2012 they launched The Saudi Fransi Lease Finance Company - a subsidiary of Banque Saudi Fransi that provides digital financial solutions. In June 2012

Fitch Ratings Fitch Ratings Inc. is an American credit rating agency. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission and is considered as being one of the " Bi ...

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'. The bank was affiliated with Crédit Agricole Corporate and Investment Bank (2015). In January 2017 They launched their loyalty rewards program known as Jana (Arabic: جنى ) and later in May they Launched the App for IOS and Android. In May 2017 BSF launched a dedicated ladies banking services with its own identity and branding known as Antee (Arabic: أنتِ). In 2020 Crédit Agricole ended its affiliation with BSF and announced the disposal of its remaining 4.0% stake in Banque Saudi Fransi. In March 2022 BSF and Saudi Arabian Airlines signed a memorandum of understanding and later launched Saudia-branded miles credit card. In December 2023 BSF launched a new identity for The Saudi Fransi Lease Finance Company known as JB (Arabic:جيبي ). In May 2024 Banque Saudi Fransi launched it new identity and brand.

References

External links

BSF websiteBSF CapitalSaudi Credit BureauSaudi Stock Exchange (Tadawul)
{{DEFAULTSORT:BSF Banks of Saudi Arabia 1977 establishments in Saudi Arabia Companies listed on Tadawul Companies based in Riyadh Banks established in 1977

Services

History

See also

References

External links