Saman Eqtesad Credit Corporation was established on September 23, 1999 with a share capital of 11 bln Iranian Rials (US$1.4m).

In 2002, Saman was the third private financial institution in post-revolutionary Iran to receive a banking license.

In this context, the share capital increased to Rials 220 bln (US$26 mln).

In March 2007, Saman Bank had a paid-sup share capital of Rials 900 bln (US$97 mln).

Saman Bank was a 2013-2016 sponsor of Iran Volleyball Teams & Federation.