Bank Pasargad
Coordinates: 35°45′44″N 51°24′57″E / 35.7622°N 51.4158°E
 The Millennium Bank [1] | |
| Public | |
| Traded as |
TSE: BPAS1 ISIN: IRO1BPAS0008 |
| Industry | Banking, Financial services |
| Founded | 14 December 2005 |
| Headquarters | 430 Mirdamad Boulevard, Tehran, Iran |
Number of locations | 327 branches across Iran [2][3] |
Area served | Iran |
Key people | Kazem Mirvalad (Chairman) |
| Services |
Consumer banking Investment banking |
| Revenue |
 IRR 74,037,596 million (2015)[3] |
|
IRR 12,642,696 million (2015)[3] | |
| Total assets | IRR 444,243,740 million(2015) [3] |
| Total equity | IRR 67,528,074 million (2015)[3] |
Number of employees | 3685 (2015)[3] |
| Website |
www |
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.[4] While established in Tehran, the bank operates throughout the nation with 3685 employees and 327 branches.[4] [3] BPI is listed under the Tehran Stock Exchange. In 2006, The bank had an initial capital assessment of $250 million.[4] In 2009, the bank funded and established an art gallery in Tehran.[5] In 2013, The Banker magazine rated BPI as among the top "1000 banks in the world", ranking 257th overall.[6] The Bank is also on The Banker's list of the top 500 Islamic financial institutions.[7]
Operations
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
Pars Aryan Investment Company is currently the largest shareholder of the company having 13.99% of the bank's shares.[3] However, the bank holds about 55,264 other shareholders (both real and legal) based on the bank's annual report of fiscal year 2014/2015.[2][3] Pars Arian Group is also the major shareholder of Pasargad Financial Group (includes bank, insurance, leasing, exchange company and several other financial institutions).[8] The combination of the bank's shareholders comes as follows:[1][3]
| Entity | Real | Legal |
|---|---|---|
| Number of shareholders (%) | 49,883 (99,27%) | 382 (0.76%) |
| Number of shares (%) | 6,527,369,225 (21.76%) | 23,472,630,775 (78.24%) |
| Total | 55,265 (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][3]
| Shareholders' Equity | 2014/2015 | 2013/2014 | 2012/2013 | 2011/2012 | 2010/2011 | 2009/2010 | 2008/2009 | 2007/2008 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet quantity | 67,528,074 | 52,485,378 | 48,109,735 | 38,416,498 | 31,387,403 | 12,353,712 | 10,129,926 | 7,096,491 |
| Growth Rate | 28.66% | 9.09% | 25.23% | 31.31% | 154.07% | 21.95% | 42.75% | 63.59% |
Financial Ratios
| Ratio | As in March 20, 2012 | As in March 20, 2013 | As in March 20, 2014 | As in March 20, 2015 |
|---|---|---|---|---|
| Capital Adequacy Ratio (CAR) | 23.12% [1] | 21.47% [9] | 18.85% [3] | 19.84% [3] |
| Return on assets (ROA) | 4.91%[10] | 5.11%[9] | 4.65%[3] | 3.08 %[3] |
| Return on equity (ROE) | 28.18%[1] | 31.72%[9] | 32.11%[3] | 21.07%[3] |
| Earnings Per Share (EPS) | IRR 360.85[10] | IRR 441.55[1] | IRR 522.29[9] | IRR 301.02[3] |
| Price–earnings ratio (P/E) | 5.14[10] | 3.55[1] | 4.98[3] | 5.96[3] |
Corporate governance
- Majid Ghassemi - Vice Chairman and CEO 2005–present
Venture capital
Pishgaman Amin Sarmayeh Pasargad Company (Shenasa) was established in 2012 as a venture capital investment fund and subsidiary of Pasargad Financial Group.[11]
References
- 1 2 3 4 5 6 7 "Bank Pasargad Annual Report 2012/2013 - :: Pasargad Bank ::". En.bpi.ir. Retrieved 2015-03-31.
- 1 2 3 "Annual Report 2008/2009" (PDF). Bank Pasargad.
- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 "Bank Pasargad Annual Report 2014/2015 - :: Pasargad Bank ::" (PDF). En.bpi.ir. Retrieved 2015-03-31.
- 1 2 3 "History of Bank Pasargad - :: Pasargad Bank ::". En.bpi.ir. Retrieved 2012-07-08.
- ↑ "Private bank sets up art museum in Tehran". tehran times. Retrieved 2012-07-08.
- ↑ "The Banker's Top 1000 Global Banks, Ranking 2013". The banker (Financial Times) 163 (1050): 189. 2013.
- ↑
- ↑ "Market Overview" (PDF). Iran Investment Monthly 4 (50): 3. November 2010.
- 1 2 3 4 "Bank Pasargad Annual Report 2013/2014 - :: Pasargad Bank ::" (PDF). En.bpi.ir. Retrieved 2015-03-31.
- 1 2 3 "Bank Pasargad Annual Report 2011/2012 - :: Pasargad Bank ::". En.bpi.ir. Retrieved 2012-03-20.
- ↑ https://web.archive.org/web/20150915104200/http://www.cgiran.org/main/images/files/20140429102612_IranEntrepreneurshipEcosystemReport-IEA2013-v2.pdf
External links
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