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)
- Bank Saderat Iran was victim to an embezzlement operation
- Dubai Islamic Bank Group 1st half 2015 Financial Results H1 2015 net profit up by 35% to AED 1,801 million
- Burgan Bank Group announces first nine months earnings
- NBAD earns net profits AED1,953 million in H1 2011
- Abu Dhabi Commercial Bank earned $167 million net profit