Banque Saudi Fransi 2021 AR2
The report highlights Banque Saudi Fransi's (BSF) strong recovery in 2021, with a 123% increase in net income after Zakat and income tax to SAR 3.45 billion. The bank successfully completed the first phase of its 3-year Core Banking transformation programme and launched the Refinitiv Electronic Trading Platform. In sustainability, BSF acted as the lead arranger for the first SAR-denominated green financing for The Red Sea Company, totaling SAR 14.12 billion. Additionally, the bank increased female workforce participation to 21% and achieved a 92% Saudisation rate.
Company: Banque Saudi Fransi
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2021
Type: AR2
Pages: 204
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Banque Saudi Fransi
Annual Report
The report highlights Banque Saudi Fransi's (BSF) strong recovery in 2021, with a 123% increase in net income after Zakat and income tax to SAR 3.45 billion. The bank successfully completed the first phase of its 3-year Core Banking transformation programme and launched the Refinitiv Electronic Trading Platform. In sustainability, BSF acted as the lead arranger for the first SAR-denominated green financing for The Red Sea Company, totaling SAR 14.12 billion. Additionally, the bank increased female workforce participation to 21% and achieved a 92% Saudisation rate.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Employees