Banque Saudi Fransi

Source: Wikipedia, the free encyclopedia.
BSF
البنك السعودي الفرنسي
FoundedJune 4, 1977; 46 years ago (June 4, 1977)
HeadquartersRiyadh, Saudi Arabia
Key people
Mazin Abdulrazzak AlRomaih (Chairman)
Bader Hamad Al Sallom (CEO) (2022)
IncreaseSARSAR 4.2 billion (2023)
Total assets253,382,849 (2023)
Number of employees
3,081 (2024)
SubsidiariesBSF JANA

BSF Capital

JB
Websitebsf.sa
Footnotes / references
[1][2][3]

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

BSF has a banking network of about 83 Full-Fledged branches , 4 ladies section , 563 ATM's and 45031 POS across the Saudi Kingdom and employs over 3,000 staff.[4] The bank's head office is located in Riyadh and the company has three Regional Head offices in Jeddah, Dammam , Abha. [5]

As of 2023 financial report, Banque Saudi Fransi had total assets of 253 million SAR and total liabilities of 212 million SAR [6]

On May 2 , 2024 Banque Saudi Fransi Launched its new identity with a new logo, name changed /shortened from Banque Saudi Fransi to BSF, color changed, new website, and new app.[7]

Services

Banque Saudi Fransi offers financial services in

Saudia Airlines, which allows the user to earn Al Fursan miles on every purchase. Their cards work with Mada Pay and Apple Pay. BSF has 4 banking programs for individuals classic banking, advance banking, privilege banking, and elite banking. [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 de l'Indochine 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 September 1989.

In 2012 they launched The Saudi Fransi Lease Finance Company - a subsidiary of Banque Saudi Fransi that provides digital financial solutions.[11]

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'.[12]

The bank was affiliated with Crédit Agricole Corporate and Investment Bank (2015).[13]

In January 2017 They launched their loyalty rewards program known as Jana (Arabic: جنى ) and later in May they Launched the App for IOS and Android.[14][15]

In May 2017 BSF launched a dedicated ladies banking services with its own identity and branding known as Antee (Arabic: أنتِ).[8]

In 2020 Crédit Agricole ended its affiliation with BSF and announced the disposal of its remaining 4.0% stake in Banque Saudi Fransi.[16]

In March 2022 BSF and Saudi Arabian Airlines signed a memorandum of understanding and later launched Saudia-branded miles credit card.[17]

In December 2023 BSF launched a new identity for The Saudi Fransi Lease Finance Company known as JB (Arabic:جيبي ).[18]

In May 2024 Banque Saudi Fransi launched it new identity and brand.[7]

See also

References

  1. ^ "Management Team - Banque Saudi fransi". www.alfransi.com.sa. Retrieved Mar 15, 2023.
  2. ^ "Board of Directors". Banque Saudi fransi.
  3. ^ "Banque Saudi Fransi | Company Overview & News". Forbes. Retrieved Mar 15, 2023.
  4. ^ a b "Profile - Banque Saudi fransi". bsf.sa. Retrieved 2024-05-05.
  5. ^ "Branch & ATM Locator - Banque Saudi fransi". bsf.sa. Retrieved 2024-05-05.
  6. ^ "Key Figures - Banque Saudi fransi". bsf.sa. Retrieved 2024-05-05.
  7. ^ a b رحلة التحول إلى BSF | تفرّد. Retrieved 2024-05-06 – via www.youtube.com.
  8. ^ a b "BSF launched a dedicated ladies banking services with its own identity and branding - Banque Saudi fransi". bsf.sa. Retrieved 2024-05-05.
  9. ^ "Banking With Us - Banque Saudi fransi". bsf.sa. Retrieved 2024-05-05.
  10. ^ https://www.bsfjana.sa/earn
  11. ^ "JB Was Established in 2012". The Saudi Fransi Lease Finance Company was Established in 2012{{cite web}}: CS1 maint: url-status (link)
  12. ^ "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'.[dead link]
  13. ^ "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
  14. ^ "BSF Launched JANA Rewards Program - Banque Saudi fransi". bsf.sa. Retrieved 2024-05-06.
  15. ^ https://bsf.sa/english/news/jana-app
  16. ^ "Crédit Agricole CIB announces the disposal of its remaining 4.0% stake1". 2020-09-28. Crédit Agricole Corporate & Investment Bank (Crédit Agricole CIB) announces today the completion of the disposal of the 4.0% stake it still held in the capital of Banque Saudi Fransi (BSF) in respect to which all regulatory approvals have been obtained.{{cite web}}: CS1 maint: url-status (link)
  17. ^ "BSF and Saudi Arabian Airlines sign a Memorandum of Understanding - Banque Saudi fransi". bsf.sa. Retrieved 2024-05-06.
  18. ^ Advertorial (2023-12-03). "Saudi Fransi for Leasing Finance adopts J-B as its new identity". The National. Retrieved 2024-05-06.

External links

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