Through a Royal Degree, Banque Saudi Fransi (BSF) was established as a Joint Stock Company in the Kingdom of Saudi Arabia.
The company intends to cater commercial banking services serving both domestic customers and abroad.
BSF purposes to create a personalized partnership with its clients in a long-term basis and gain their loyalty by providing recognized banking expertise, superior service, and offering innovative, customized financial solutions.
As a commitment to the society they belong, the company tirelessly extends every endeavor to support the Saudi Arabian government in terms of economic improvement programs, strengthen the economy through developmental efforts and eventually promote community’s welfare.
Banque Saudi Fransi entered into an agreement with the Social Affairs Ministry in furtherance of their support to the Ministry’s activities and programs to unite the efforts exerted by many charitable organizations.
Furthermore, the bank assists the ministry with various donations and also participates in many media campaigns for social awareness. The agreement includes the exchanging of ideas about charity works and promotes cooperation between the public and private sectors.
BSF showed credible ideal of growth that brought about their present financial stability and primacy in Saudi Arabian market.
With regard to Islamic banking, the company implements substantial improvement related to the development of their products in order to comply with the Islamic Sharia provisions.
Personal Banking Style of Banque Saudi Fransi
The services provided by Banque Saudi Fransi include alternative products for individuals and companies such as treasury and investment services.
Other than these services in which BSF is a leader, they also do leasing and participate in Tawarruq that is particularly for their corporate customers.
When it comes to Personal Banking Services, the company provides unique products and also introduces innovative ones while keeping the focus to their objective of catering to specific needs of clients.
The following are BSF’s Personal Banking Services:
Personal Financing includes SAKAN, Credit Card and Personal Loan.
SAKAN offer home loans for employees belong to the government and semi-government unit.
Credit card issued by the company provides flexibility to suit individual lifestyle.
Personal loan is being offered as support for people who seek to have financial freedom and buy what they want.
Tawafoq – Islamic
Tawafoq is an Islamic banking program of the company concentrated in providing Shariah-compliant products. Each product from this program are evaluated and monitored carefully by Shariah Supervisory Committee.
Priority Banking deals with Elite Services and Privilege Services.
Elite services are provided for the elite service customers. The services are performed by experienced and well-trained Relationship Officers dedicated to serve the bank’s elite service segment such as management of accounts, international transfers, safety-deposit boxes and other exclusive banking services.
Privilege services on the other hand let the members enjoy conducting their transactions in the Privilege lounges that are designed in providing convenience and privacy.
This service is the bank’s system to deliver high technology capabilities and excellent remote banking services.
Financial Planning involves the Al Ghad and Al Anjal.
Al-Ghad offers simple, but effective retirement plan for individuals to spend their life free from financial concerns.
Al-Anjal is a plan geared for the educational needs of your children. This is provided by BSF in collaboration with the largest insurance company in the world, Assurances Generales de France.
The programs implemented by Banque Saudi Fransi prioritized families and their financial needs.
Programs are also offered intended for ladies to serve their banking needs efficiently under complete confidentiality and privacy.