History
From the very beginning, BSI endeavored to encourage innovation in banking services and respect customers and managed to attract a large amount of liquidity in a short period of time and,
From the very beginning, BSI endeavored to encourage innovation in banking services and respect customers and managed to attract a large amount of liquidity in a short period of time and, more importantly, to reconcile people to banking system by actualizing his mottos ”BSI at people’s service” and “customer is right”.
The first BSI overseas branch was established in Hamburg, Germany in 1961, which was followed by opening of other overseas branches. Now BSI has the full or partial ownership of 2 independent banks (Tashkent 100%, PLC London 100%) and 3 joint venture banks (Future Bank Bahrain 33%, Arian Bank Afghanistan 50%, and Honor Bank Belarus 37%). The BSI banking units amount to 21 in Europe and Asia.
After the Islamic Revolution in Iran, BSI was nationalized on May 28, 1979 and became a commercial state bank until June 2009 whose shares were offered in Stock Exchange and rejoined private banks.
With 3300 active branches and share capital of IRR 20,163 billion, BSI runs the largest banking network in Iran. In 2000, BSI started offering electronic online services, and now pioneers in the number of online branches, ATM machines, POS machines and the issued debit cards across Iran banking system.
With close to 60 years of banking experience, a deep sense of obligation to its basic principle and a full implementation of usury-free Islamic banking, BSI, as a credible popular bank, attempts to maintain its top position among other rivals through following the lead of international banking and customer–centered principles and offering quality banking services. In addition, BSI has a leading role in getting people’s satisfaction and developing our Islamic country.