Saman initially 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 Rials 11 bln (US$ 1.4 mln).
Since commencing its operations, Saman Bank has steadily increased and upgraded the scope of services. It acts as a pioneer in providing within the existing regulatory framework innovative solutions tailored towards the needs of individuals and corporate clients.
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.
Saman Bank aims at becoming the leading private corporate bank in Iran. This goal shall be achieved by emerging as the corporate customersí banker of choice. Accordingly, Saman Bank is putting big efforts towards understanding sector specific needs and concerns and developing tailored banking solutions. In addition, the bank has embarked on the model of relationship banking and puts great emphasis on developing and expanding with each client an individual relationship no matter if the transactions are big or small.