Banque Saudi Fransi

Banque Saudi Fransi
البنك السعودي الفرنسي
Public
Industry Finance
Founded 1977
Headquarters Riyadh, Saudi Arabia
Key people
 Patrice Couvègnes (Managing Director[1])
Products Financial Services
Number of employees
 2783+
Website alfransi.com.sa

Banque Saudi Fransi (BSF) (Arabic: البنك السعودي الفرنسي) is a Saudi Joint Stock Company established by Royal Decree No. M/23 dated June 4, 1977.

The bank is affiliated with Crédit Agricole Corporate and Investment Bank.[2] that holds an equity interest of 31.1%.[3] 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 Eurozone by total equity. As of April 2014, Banque Saudi Fransi has a capital strength of 12,053,571,670 SR.

BSF has a banking network of about 120 branches across the Saudi Kingdom and employs over 2,660 staff. Bank’s head office is located in Riyadh and the company has three regional offices in Jeddah, Al-Riyadh and Al-Khobar [4]

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 Indocine et de Suez operations in Saudi Arabia, 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.[5]

In June 2012 Fitch Ratings 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'.[6]

Services

Banque Saudi Fransi offers financial services in corporate banking and commercial banking including islamic banking 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[7]

See also

References

  1. ↑ "Board of Directors - Banque Saudi Fransi". alfransi.com.sa. Retrieved 21 May 2015. Mr. Patrice Couvegnes, Managing Director representing Credit Agricole Corporate and Investment Bank
  2. ↑ "Banque Saudi Fransi (BSF)". relbanks.com. Retrieved 27 April 2015. Banque Saudi Fransi is affiliated with Credit Agricole CIB, the corporate and investment banking arm of the Crédit Agricole group
  3. ↑ "Patrice Couvègnes is appointed Managing Director of Bank Saudi Fransi in Riyadh". credit-agricole.com. Retrieved 10 May 2015. Bank Saudi Fransi (BSF) is affiliated with Crédit Agricole Corporate and Investment Bank that holds an equity interest of 31.1%.
  4. ↑ "Banque Saudi Fransi". www.relbanks.com. Retrieved 27 April 2015. BSF has a banking network of about 120 branches and over 590 ATMs across the Saudi Kingdom and employs over 2,660 staff. Bank’s head office is located in Riyadh and the company has three regional offices in Jeddah, Al-Riyadh and Al-Khobar
  5. ↑ "Saudi Stock Exchange (Tadawul)". www.tadawul.com.sa. Retrieved 27 April 2015. Following the transfer of Banque Indocine et de Suez operations in Saudi Arabia, Banque Saudi Fransi officially commenced its operations on 5 September 1989 under CR No. 1010073368 issued on 5 Sept 1989.
  6. ↑ "Fitch affirms Banque Saudi Fransi". in.reuters.com. 2012. Retrieved 27 April 2015. Long-term Issuer Default Rating (IDR) at 'A' with a Stable Outlook and Short-term IDR at 'F1'. Long-term Issuer Default Rating (IDR) at 'A' with a Stable Outlook and Short-term IDR at 'F1'. The agency has also affirmed BSF's Viability Rating (VR) at 'a'.
  7. ↑ "Banque Saudi Fransi". www.bloomberg.com. 2015. Retrieved 10 May 2015. Banque Saudi Fransi provides banking and financial services in the Kingdom of Saudi Arabia and internationally. It operates in Retail Banking, Corporate Banking, Treasury, and Investment Banking and Brokerage segments. The company offers various private and small establishment customers' demand accounts, overdrafts, loans, saving accounts, deposits, credit and debit cards, consumer loans, forex products, and auto leasing services, as well as protection plans, and Islamic and e-banking services.

External links

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