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Since 1961, when the first branch of BSI was
established in Hamburg, Germany, we worked
hard on expanding the
range and
geographical coverage of our services,
providing our customers with full support in
a globalizing economic environment.
Services include letters of credit,
guarantees, forex saving and current
accounts as well as various aspects of
conventional and
correspondent banking. To facilitate
international banking for customers with
business interests in different parts of the world,
BSI expanded relations with correspondent
banks in Europe, the Persian Gulf and the
Far East.
Today, BSI owns and operates the largest
network of foreign branches among all
Iranian banks. BSI has now 20 branches and
holds strategic investments in two
independent banks; Bank Saderat Tashkent in
Uzbekistan, Bank
Saderat plc in
London, in addition to two joint venture
banks Future Bank in Bahrain and Arian Bank
in Afghanistan.
The table below summarized the Bank’s
operation result in all foreign units:
|
|
2004 to 2005
Growth (%) |
2005 |
2004 |
Million US$ |
|
|
|
5.5% |
4,863 |
4,610 |
Total Assets |
|
5.4% |
427 |
405 |
Total Shareholders' Equity |
|
23% |
160 |
130 |
Net Profit Before Taxation |
|
23% |
118 |
96 |
Net Profit |
|
|
26% |
19% |
Percentage of BSI Group Net Profit |
|
|
|
|