Bank Pasargad

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Coordinates: 35°45′44″N 51°24′57″E / 35.7622°N 51.4158°E / 35.7622; 51.4158

Bank Pasargad
Public
Traded as TSE: BPAS1
ISIN: IRO1BPAS0008
Industry Banking, Financial services
Founded 14 December 2005
Headquarters 430 Mirdamad Boulevard, Tehran, Iran
Number of locations
330 branches across Iran [2]
Area served
Iran
Key people

Majid Ghassemi, (CEO)

Kazem Mirvalad (Chairman)
Services Consumer banking
Investment banking
Revenue Increase IRR 53,389,543 million (2013)[1]
Increase IRR 13,557,811 million (2013)[1]
Total assets IRR 317,288,236 million (2013)[1]
Total equity IRR 52,590,694 million (2013)[1]
Number of employees
3396 (2013)[1]
Website www.en.bpi.ir

Bank Pasargad (Persian: بانک پاسارگاد‎), also known as BPI, is a major Iranian banking establishment offering retail, commercial and investment banking services. The company was established in 2005 as a part of the government's privatization of the banking system.[3] While established in Tehran, the bank operates throughout the nation with 3251 employees and 297branches.[3] BPI is listed under the Tehran Stock Exchange. In 2006, The bank had an initial capital assessment of $250 million.[3] In 2009, the bank funded and established an art gallery in Tehran.[4] In 2012, The Banker magazine rated BPI as among the top "1000 banks in the world", ranking 266th overall.[5] The Bank is also on The Banker's list of the top 500 Islamic financial institutions.[6]

Operations[edit]

BPI operates as a private bank in Iran. In addition to offering short and fixed deposit accounts for domestic and overseas clients, the bank also provides letters of credit, treasury, currency exchange, corporate loans syndication, financial advisory and electronic banking services.[2]

Shareholders[edit]

Pars Aryan Investment Company is currently the largest shareholder of the company having 14.36% of the bank's shares.[2] However, the bank holds about 48,234 other shareholders (both real and legal) based on the banl's annual report of fiscal year 2012/2013.[2] Pars Arian Group is the major shareholder of Pasargad Financial Group (includes bank, insurance, leasing, exchange company and several other financial institutions).[7] The combination of the bank's shareholders comes as follows:[1]

Entity Real Legal
Number of shareholders (%) 47,933 (99.38%) 301 (0.62%)
Number of shares (%) 5,485,068,672 (18.28%) 24,514,931,328 (81.72%)
Total 48,234 (100%) 30,000,000,000 (100%)

shareholders also have witnessed a constant growth in their equity since the fiscal year 2007/2008: (Numbers in Million IRR)[1]

Shareholders' Equity 2012/2013 2011/2012 2010/2011 2009/2010 2008/2009 2007/2008
Balance sheet quantity 48,109,735 38,416,498 31,387,403 12,353,712 10,129,926 7,096,491
Growth Rate 25.23% 31.31% 154.07% 21.95% 42.75% 63.59%


Bank Pasargad's Khovardin branch in Tehran
Bank Pasargad's Kolahdouz St. branch in Tehran

Financial Ratios[edit]

Ratio As in March 2012 As in March 2013
Capital Adequacy Ratio (CAR) 24.71%[8] 19.11%[1]
Return on assets (ROA) 4.91%[8] 4.65%[1]
Return on equity (ROE) 27.1%[8] 31.86%[1]
Earnings Per Share (EPS) IRR 360.85[8] IRR 522.29[1]
Price–earnings ratio (P/E) 5.1[8] 4.98[1]

Corporate governance[edit]

Majid Ghassemi, the Bank's CEO in 2015

References[edit]

  1. ^ a b c d e f g h i j k l m "Bank Pasargad Annual Report 2012/2013 - :: Pasargad Bank ::". En.bpi.ir. Retrieved 2015-03-31. 
  2. ^ a b c d "Annual Report 2008/2009" (PDF). Bank Pasargad. 
  3. ^ a b c "History of Bank Pasargad - :: Pasargad Bank ::". En.bpi.ir. Retrieved 2012-07-08. 
  4. ^ "Private bank sets up art museum in Tehran". tehran times. Retrieved 2012-07-08. 
  5. ^ "The Banker's Top 1000 Global Banks, Ranking 2012". The banker (Financial Times) 162 (1038): 113. 2012. 
  6. ^ [1][dead link]
  7. ^ "Market Overview" (PDF). Iran Investment Monthly 4 (50): 3. November 2010. 
  8. ^ a b c d e "Bank Pasargad Annual Report 2011/2012 - :: Pasargad Bank ::". En.bpi.ir. Retrieved 2012-03-20. 

External links[edit]