What Banque Saudi Fransi does

Banque Saudi Fransi (BSF) is a Saudi Arabian Joint Stock Company established in 1977 under Royal Decree No. M/23 and regulated by the Saudi Central Bank (SAMA). It is one of Saudi Arabia's major commercial banks, listed on the Tadawul Stock Exchange (ticker: 1050) with total assets of SAR 324.8 billion as of Q1 2026. The bank operates a dual banking model — conventional and Sharia-compliant (Islamic) — serving Retail, Corporate and Business Banking, SME and mid-market, Government and Vision 2030 entities, Financial Institutions, and HNW Private Banking clients, governed by an Internal Shariah Committee. Its distribution combines physical branches and ATMs (including dedicated Tawafoq Islamic branches across Central, Eastern, and Western regions) with digital channels including BSF Mobile, BSF Online, BSF Phone, BSF Connection, and self-service machines.

BSF generates revenue primarily through net interest income (SAR 8.69 billion in FY2025, +10% YoY) derived from lending and investment activities, supplemented by non-interest income (SAR 1.85 billion, +4% YoY) from fees, commissions, investment-related gains, and exchange income. The bank offers a comprehensive product suite including personal and home financing (Murabaha, Tawarruq, EZPay), credit cards, trade and supply chain finance, corporate cash management via the BSF Global platform, treasury and global markets services, and private banking. The Group includes BSF Capital (asset management and investment funds, acting as bookrunner for BSF's capital markets issuances), J-B Finance (digital consumer financing), and the Allianz Saudi Fransi insurance joint venture. In FY2025, BSF delivered record net profit of SAR 5.35 billion (+18% YoY) with ROE of 10.7%, cost-to-income of 33.8%, and net interest margin of 3.04%.

BSF's competitive position rests on its SAMA license, established brand, diversified product mix, and proven capital markets access — the USD 1 billion Tier 2 bond issuance in August 2025 was oversubscribed 4x, and the SAR 2.5 billion Additional Tier 1 sukuk in November 2025 attracted strong local demand. The BSF 2030 Strategy, announced February 2026, targets >15% ROE, net income market share growth from ~6% to 8-10%, >75% straight-through processing, and 50+ AI and analytics use cases by 2030. Near-term strategic initiatives include the BSF Almosafer Visa Credit Card (November 2025), a strategic partnership with the Saudi Ministry of Education (January 2026), and a new AI data center partnership with Edarat (April 2026).

Name

Banque Saudi Fransi

Legal name

Banque Saudi Fransi

Website

https://bsf.sa/

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Banque Saudi Fransi is a Saudi Arabian commercial bank established in 1977, serving retail, corporate, SME, government, and HNW clients through conventional and Sharia-compliant channels. It provides lending, payments, trade finance, cash management, and wealth management via branches and digital platforms, targeting >15% ROE under its 2030 strategy.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Corporate Banking (FSABAGAC), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE), Sukuk Origination & Structuring (Bank-led) (FSABAGAL), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)

Keywords

• Retail banking services
• Corporate banking
• Islamic banking
• Trade finance
• Wealth management

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Net Interest Income: BSF's primary revenue driver. Net interest income was SAR 8,692 million in FY 2025 (up 10% YoY), derived from the spread between interest-earning assets (loans, advances, investments) and interest-bearing liabilities (customer deposits, borrowings). Net interest margin was 3.04% in FY 2025.
2. Non-Interest Income: Fees and commissions, investment-related gains, and exchange income. Non-interest income reached SAR 1,845 million in FY 2025 (up 4% YoY), driven by higher investment-related gains. Also includes net fee and commission income from trade finance, corporate banking services, and credit card interchange.
3. Wealth Management & Investment Products: Revenue from investment funds, asset management (via BSF Capital subsidiary), and securities investments managed for clients. BSF Capital plays a key role in the Group's diversified financial offering.
4. Digital Consumer Financing: J-B Finance (JB Financing) advances digital financing solutions in the Kingdom, contributing to the Group's revenue mix.
5. Capital Markets Issuances: BSF generates fee income from issuing sukuk and bonds (Tier 1 AT1 sukuk, Tier 2 bonds, USD-denominated notes) under its MTN program, with BSF Capital acting as bookrunner and lead manager.

Pricing tiers

Go-to-market motion3 records

Distribution channels10 records

Marketing channels8 records

Core offering

Banque Saudi Fransi (BSF) is a Saudi Arabian Joint Stock Company that provides comprehensive banking services including personal banking (current accounts, savings, term deposits, credit cards, personal and home financing), corporate banking (working capital, contract finance, structured finance, trade finance, cash management), Islamic banking products, treasury and global markets, private banking, and wealth management. BSF distributes through a multi-channel platform combining physical branches, ATMs, self-service machines, and digital channels (BSF Mobile, BSF Online, BSF Phone, BSF Connection), supported by subsidiaries BSF Capital (asset management and investment funds) and J-B Financing (digital consumer financing).

Product overview

Banque Saudi Fransi (BSF) operates as a comprehensive financial services platform offering retail, corporate, and private banking products through both conventional and Islamic (Shariah-compliant) channels. The product portfolio includes digital banking platforms (BSF Mobile, BSF Online), credit cards (including co-branded Almosafer Visa), personal and home financing, trade and cash management services, and wealth management. The group includes subsidiaries BSF Capital (asset management) and J-B Financing (digital finance). BSF differentiates through its omnichannel banking experience, Shariah-compliant Islamic banking products, and the BSF Jana rewards program. The bank serves customers through physical branches, ATMs, and digital channels, with recent focus on AI-powered digital transformation under its 2030 strategy.

Differentiator

Problem solved

Functional benefit

Brands

• BSF Almosafer Visa Credit Card: Co-branded travel rewards credit card launched in partnership with Almosafer and Visa, offering up to 20% Almosafer Points on travel bookings and 0% foreign exchange fees.
• Athar
• BSF AlUla Moments Partnership

Products and services

• BSF Mobile Mobile banking application enabling retail and corporate customers to open accounts, apply for credit cards, transfer funds, pay bills, and conduct account management without branch visits.
• BSF Online Internet banking platform for personal and corporate customers to manage accounts, initiate payments, and perform self-service banking transactions.
• BSF Phone Phone banking service for customer service and basic banking transactions handled via the call center.
• BSF Connection Digital connectivity service enabling customer service interactions and digital onboarding.
• Western Union Remittance International money transfer service offered through BSF's partnership with Western Union, available across BSF's distribution channels.
• BSF Jana Rewards Loyalty and rewards program allowing BSF clients to earn points on daily banking transactions (credit cards, MADA cards, transfers, SADAD payments) and redeem them for travel bookings, gifts, e-vouchers, cashback, or partner program transfers.
• BSF Almosafer Visa Credit Card Co-branded travel credit card in partnership with Almosafer (Seera Group) and Visa, available in Visa Signature and Visa Infinite variants, offering up to 20% Almosafer Points on travel bookings, 5% back on shopping and dining, and 0% foreign exchange fees on international transactions.
• Islamic Current Account Sharia-compliant current account enabling customer deposits and withdrawals, governed by the Internal Shariah Committee.
• Savings Account Personal savings account for individual retail customers offered as part of BSF's personal banking portfolio.
• Term Deposit Fixed-term deposit product (with Murabaha Investment as a Sharia-compliant alternative) for retail and corporate customers seeking time-bound deposit placements.
• Murabaha Home Finance Sharia-compliant home financing product enabling retail customers to own residential property, with profit rates published separately in BSF's interest rate disclosure schedule.
• Personal Finance (EZPay / Murabaha Personal Finance) Sharia-compliant personal financing product (Murabaha structure, also known as EZPay) offered to individual retail customers for personal credit needs, with competitive profit rates published in BSF's published schedules.
• Tawarruq Personal Finance Sharia-compliant Tawarruq-based personal financing where the bank purchases commodities and sells them to the customer, who then sells to a separate broker for cash, used for working capital and personal financing.
• Corporate Banking Services Comprehensive corporate banking services including working capital finance, contract finance, structured finance, financial institutions coverage, government institutions and Vision Realization Programs (VRP), MSME financing, and corporate credit cards.
• Trade and Supply Chain Finance Trade and supply chain finance solutions including business origination and advisory, traditional and structured trade solutions, financial institution trade structured solutions, digital trade channels, and LG validation via QR code.
• BSF Global Cash Management Corporate cash management platform (BSF Global) supporting B2B direct integration, payroll services, escrow accounts, fund collection, point of sale, e-pay, dividends management, Swift MACUG, payroll prepaid cards, Verse, Soft POS, and deposit-only cards.
• Global Markets Group Treasury and global markets products, services, and economic research covering FX, fixed income, debt capital markets, Sharia-compliant hedging, and risk management for currency, profit rate, and commodity risk.
• Private Banking Exclusive private banking services for ultra-high-net-worth individuals covering conventional and Sharia-compliant banking, investment opportunities via BSF Capital, direct treasury investments, offshore tax and estate planning, and bespoke solutions through dedicated relationship managers.
• BSF Capital (Asset Management) Wholly-owned subsidiary providing asset management, investment funds, structured products, and capital markets services, including acting as bookrunner and lead manager for BSF's sukuk and bond issuances.
• J-B Financing (Digital Consumer Finance) Wholly-owned digital consumer financing subsidiary providing digital financing solutions to consumers in Saudi Arabia, complementing BSF's retail banking offerings.
• Insurance Products (Al Anjal, Al Ghad, Travel, Car) Bancassurance products distributed by BSF including Al Anjal education plan, Al Ghad retirement plan, travel protection plan, and car protection plan, offered in partnership with Allianz Saudi Fransi.
• Corporate Credit Cards Corporate credit cards issued to business and corporate clients for business expense management.

Quantifiable outcome

• Record net profit of SAR 5,353 million in FY 2025, up 18% YoY, and SAR 1,381 million in Q1 2026, up 3% YoY.
• +9 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Ministry of Education (Saudi Arabia)coreStrategic or Co-development Partner · 29 January 2026BSF signed a strategic partnership agreement with the Saudi Ministry of Education to strengthen institutional cooperation between the financial and education sectors. Areas include financial literacy, educational and cultural initiatives, student support programs, awareness and training programs, and emerging talent support, aligned with Vision 2030.
• AlUla Moments (Royal Commission for AlUla)coreGTM or Marketing Partner · 26 November 2025BSF collaborated with AlUla Moments (events platform of Royal Commission for AlUla) and Visa to offer BSF Visa cardholders exclusive access to world-class experiences in AlUla including priority access to concerts, wellness, adventure, dining, and seasonal festivals.
• Almosafer (Seera Group)coreGTM or Marketing Partner · 25 November 2025BSF partnered with Almosafer (the Middle East's leading travel brand, part of Seera Group) to launch the BSF Almosafer Visa Credit Card, offering up to 20% Almosafer Points on travel bookings, 5% back on shopping/dining, and 0% foreign exchange fees on international transactions. This co-branded card is available in Visa Signature and Visa Infinite variants, redeemable across all Almosafer platforms.
• VisacoreGTM or Marketing Partner · 25 November 2025Visa partnered with BSF and Almosafer to co-brand the BSF Almosafer Visa Credit Card. Visa also partnered with BSF and AlUla Moments (Royal Commission for AlUla) to provide BSF Visa cardholders exclusive access to AlUla sports, wellness, music, adventure, and lifestyle experiences.
• DBS GroupminorStrategic or Co-development PartnerStrategic partnership between DBS Group and Banque Saudi Fransi to improve trade flows, as noted in trade finance market research highlighting BSF's role in international trade finance partnerships.
• Misk Art Institute (Mohammed bin Salman Foundation)coreStrategic or Co-development PartnerAs part of the Athar CSR Program, BSF partnered with Misk Art Institute to support creative talent in the community and contribute to the enrichment of Saudi Arabia's artistic and cultural landscape. The Athar program benefited more than 3,200 individuals through education-focused initiatives.
• BSF CapitalcoreOthersBSF Capital is a subsidiary of BSF, serving as the bank's asset management and investment funds arm. It acts as sole bookrunner, lead arranger, and lead manager for BSF's sukuk and bond issuances (AT1 sukuk, Tier 2 bonds). Bader AlSalloom serves as Vice Chairman of BSF Capital.
• J-B Finance (JB Financing)coreOthersJ-B Finance is a digital consumer financing subsidiary of BSF Group, advancing digital financing solutions in the Kingdom and complementing BSF's retail banking offerings.
• Allianz Saudi FransicoreOthersAllianz Saudi Fransi is an insurance affiliate of BSF. Bader AlSalloom serves as Vice Chairman of Allianz Saudi Fransi. The entity provides insurance products that complement BSF's banking offerings.

Scale indicators25 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bank AlJazira: Saudi commercial bank with retail, corporate, and Islamic banking offerings. Smaller than BSF but operates a similar full-service banking platform in the same domestic market.
• Saudi National Bank (SNB): The largest bank in Saudi Arabia by assets, formed from the merger of NCB and Samba. Direct competitor to BSF across retail, corporate, and Islamic banking, with a similar full-service commercial banking model in the Saudi market.
• Al Rajhi Bank: The world's largest Islamic bank by market cap and a dominant Saudi retail and corporate bank. Directly competes with BSF in retail, Islamic, and corporate banking, with stronger Islamic banking positioning and larger scale.
• Riyad Bank: One of the largest Saudi commercial banks offering retail, corporate, and Islamic banking. Comparable to BSF in product breadth, Saudi market focus, and dual conventional/Islamic offering.
• Saudi British Bank (SABB): Major Saudi commercial bank with HSBC affiliation, offering retail, corporate, and Islamic banking services. Direct competitor to BSF in the Saudi market across similar product lines.
• Arab National Bank (ANB): Saudi joint stock commercial bank serving retail, corporate, and treasury segments. Comparable to BSF in scale, Saudi market focus, and full-service commercial banking model.
• Alinma Bank: A leading Saudi Islamic bank providing Shariah-compliant retail, corporate, and investment banking. Directly competes with BSF's Islamic banking segment and represents the pure-Islamic alternative to BSF's dual-platform model.
• Bank Saudi Investment (Saudi Investment Bank): Saudi commercial bank offering retail, corporate, and treasury services. Comparable mid-tier Saudi competitor with overlapping corporate banking and capital markets capabilities.

Regional players

• Emirates NBD: Leading UAE-based banking group with regional presence across the GCC. Comparable in scale and product breadth to BSF and serves as a joint lead manager on BSF's Tier 2 bond issuance, reflecting cross-GCC banking relationships.
• Gulf International Bank (GIB): Bahrain-headquartered wholesale bank owned by Saudi government entities. Comparable as a GCC-based bank with similar corporate, treasury, and Islamic finance capabilities serving Saudi clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Alfransi
• YouTubeyoutube.com/c/AlfransiBank
• Facebookfacebook.com/Alfransi
• LinkedInlinkedin.com/company/alfransi-bank
• Instagraminstagram.com/Alfransi

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments29 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banque Saudi Fransi