Saman story dates back to September 1999, when Saman was launched as one of the first non-bank credit institutions in post-revolutionary Iran under the name of “Saman Eghtesad” with a share capital of IRR 11 billion. Less than three years later, in August 2002, and thanks to the change in Government policy and the Central Bank of the Islamic Republic of Iran (CBI), when it was decided that private banks would be re-launched in the country, Saman Eghtesad could manage to obtain a full banking license from CBI and experience a new phase of its life as a privately owned bank under the name and style of Saman Bank Corporation.
To compete with the banks having older history and wider branch networks, Saman Bank focused on three strategic approaches including the development of electronic banking, innovative customer relations and development of the Saman Financial Group.
As the first bank to introduce electronic payment and internet banking in Iran, Saman has earned a reputation as the pioneer in electronic banking in the country. During its first decade, the bank focused on development of electronic banking, as reflected in its motto as: ‘Saman Bank, the Intelligent Bank’. The second decade of Saman’s operation began by paying greater attention to cultural transformations in banking services and adoption of a customer-orientation approach. The Bank’s new slogan: ‘There with You’, was then adopted to reflect the bank’s significant performance in the achievement of the above mentioned objectives.
Saman strives continuously to improve its infrastructure, knowledge base, and performance in accordance with the latest universal standards in order to bridge the gap between the Iranian and international banking systems.
Today, Saman Bank’s capital stands at approximately 40 times its original share capital. In 2015, the Bank’s paid up capital stood at IRR 8000 billion.