Banque Saudi Fransi (BSF) (Arabic: البنك السعودي الفرنسي) is a
Saudi Joint Stock company which was established in 1977.
The bank is affiliated with
Crédit Agricole Corporate and Investment Bank. Credit Agricole CIB is a fully-fledged member of the
Crédit Agricole
Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second lar ...
Group, the second largest bank in France, and seventh amongst banks of the
Eurozone
The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro ( €) as their primary currency and sole legal tender, and have thus fully implemented EMU polic ...
by total equity. As of 2019, Banque Saudi Fransi had total assets of 178 billion SAR.
BSF has a banking network of about 120 branches across the Saudi Kingdom and employs over 3,000 staff. The bank's head office is located in
Riyadh
Riyadh (, ar, الرياض, 'ar-Riyāḍ, Literal translation, lit.: 'The Gardens' Najdi Arabic, Najdi pronunciation: ), formerly known as Hajr al-Yamamah, is the capital and largest city of Saudi Arabia. It is also the capital of the Riyad ...
and the company has three regional offices in
Jeddah,
Al-Riyadh
Al-Riyadh Saudi Club () is a football team based in Riyadh, Saudi Arabia, that is currently playing in the Saudi Second Division (third level). It was established in 1953 as Ahli Al-Riyadh, then changed to Al-Yamamah and finally to Al-Riyad ...
and
Al-Khobar
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 Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the List of Asian countries by area, fifth-largest country in Asia ...
, 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.
In June 2012
Fitch Ratings
Fitch Ratings Inc. is an American credit rating agency and is one of the " Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations ( NRS ...
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'.
Services
Banque Saudi Fransi offers financial services in
corporate banking
Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, in ...
,
commercial banking
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with co ...
and retail banking including
Islamic banking
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic econom ...
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
See also
*
Crédit Agricole Corporate and Investment Bank
*
List of companies of Saudi Arabia
Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula. The country's command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from t ...
*
List of banks in Saudi Arabia
In Saudi Arabia, a total of 31 banks are currently licensed by the Saudi Arabian Monetary Authority (SAMA): 11 local banks and 20 branches of foreign banks.
National-Licensed commercial Banks in Saudi Market
There are 11 local licensed banks in ...
References
External links
Banque Saudi Fransi websiteFransi TadawulSaudi 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