History

Saman Bank Corp. is a 100 percent privately owned bank and is not listed in tehran stock exchange. 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 Iranian Rials 11 bln (US$ 1.4 mln). It opened its first branch on November 22, 1999 and managed to achieve in its first year of activity a 5% return on equity. 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 operates 85 branches across Iran.
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.

Board of directors

• Allahverdi Rajaei Salmasi (Chairman of the Board)
• Iraj Niknejad (Vice Chairman of the Board)
• Mohammad Zarrabieh (Board Member)
• Saeed Atashkari (Board Member)
• Reza Krishchi Khiabani (Board Member)
• Parviz Moshirzadeh Moayedi (Board Member)
• Vali Zarrabieh (Substitute Board Member & Managing Director)
• Seyed Ali Salehi Amiri (Advisor to the Managing Director)

See also

• Economy of Iran
  Economy of Iran
  The economy of Iran is the eighteenth largest in the world by purchasing power parity and according to Iranian officials' claims is going to become the 12th largest by 2015. The economy of Iran is a mixed and transition economy with a large public sector and some 50% of the economy centrally planned...
  
  
• Banking and Insurance in Iran
• View Annual Report 2009 of Saman Bank