Saman Bank (, ''Bank Saman'') is a privately owned Iranian bank. It is listed on the

Tehran Stock Exchange The Tehran Stock Exchange (TSE) (, romanized: ''Burs-e Owraq-e Bahadar-e Tehran'') is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. TSE, which is a founding member of the Federation of Euro-Asian Stock Ex ...

. In 2024, Saman Bank was hit by a cyberattack from IRLeaks, which affected 20 of Iran's 29 banks, including the

Central Bank of Iran The Central Bank of the Islamic Republic of Iran (CBI; ; SWIFT Code: BMJIIRTH), also known as ''Bank Markazi'', was established under the Iranian Banking and Monetary Act in 1960. It serves as the banker to the Iranian government and has the e ...

Politico ''Politico'' (stylized in all caps), known originally as ''The Politico'', is an American political digital newspaper company founded by American banker and media executive Robert Allbritton in 2007. It covers politics and policy in the Unit ...

called it the "worst attack" in Iranian history.

History

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. 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 operated 149 branches across Iran. As of May 2018, the bank had 174 branches in Iran (81 branches in

Tehran Tehran (; , ''Tehrân'') is the capital and largest city of Iran. It is the capital of Tehran province, and the administrative center for Tehran County and its Central District (Tehran County), Central District. With a population of around 9. ...

and 68 branches in other cities). 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. In 2024, Saman Bank was hit by a cyberattack from IRLeaks, which affected 20 of Iran's 29 banks, including the

. Politico called it the "worst attack" in the nation's history. The

Iranian government The Government of the Islamic Republic of Iran (), known simply as ''Nezam'' (), is the ruling State (polity), state and current political system in Iran, in power since the Iranian Revolution and fall of the Pahlavi dynasty in 1979. Its Const ...

was compelled to pay a

ransom Ransom refers to the practice of holding a prisoner or item to extort money or property to secure their release. It also refers to the sum of money paid by the other party to secure a captive's freedom. When ransom means "payment", the word ...

to the hackers to secure the data of Iranian customers.

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 BrokerageIranian Credit Bureau & Scoring
* Saman Processing * Aftab Tejarat Saman Servicing * Kardan Investment Bank

Sponsorship

Saman Bank was a 2013-2016 sponsor of Iran Volleyball Teams & Federation.

References

External links

*
View Annual Report 2009 of BEESaman Bank
Banks of Iran Banks established in 2002 Companies listed on the Tehran Stock Exchange Iranian companies established in 2002 companies based in Tehran {{Iran-stub

History

Saman Financial Group

Sponsorship

See also

References

External links