Iran’s Saderat Bank earns profits of $35 million
The Bank Saderat Iran (BSI) has posted earnings of nearly 130 million Emirati dirhams ($35 million) for the year 2000, reports IRNA. These profits were reportedly acquired from some 18 banks operating in the UAE.
Revenues in the year 2000 saw a climb of nearly DH 28 million compared to 1999. The rise reflects an increase of nearly 20 percent from the previous year, where profits stood at DH 102 million.
BSI was established in 1952 and is a nationalized state-owned commercial bank. It currently employs approximately 32,000 workers.
BSI has approximately 3400 branches in Iran and other nations, including the UAE, Bahrain, France, Germany, Greece, Lebanon, Oman, England, Turkmenistan, and Qatar. –(MENA Report)
© 2001 Mena Report (www.menareport.com)