Bank Pasargad


Bank Pasargad, also known as BPI, is a major Iranian bank 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.
While established in Tehran, the bank operates throughout the nation with 3685 employees and 327 branches.
BPI is listed under the Tehran Stock Exchange. In 2006, The bank had an initial capital assessment of $250 million.
In 2009, the bank funded and established an art gallery in Tehran.
In 2013, The Banker magazine rated BPI as among the top "1000 banks in the world", ranking 257th overall. The Bank is also on The Banker's list of the top 500 Islamic financial institutions.

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.

Shareholders

Pars Aryan Investment Company is currently the largest shareholder of the company having 13.99% of the bank's shares. However, the bank holds about 55,264 other shareholders based on the bank's annual report of fiscal year 2014/2015. Pars Arian Group is also the major shareholder of Pasargad Financial Group.
The combination of the bank's shareholders comes as follows:
EntityRealLegal
Number of shareholders 49,883 382
Number of shares 6,527,369,225 23,472,630,775
Total55,265 30,000,000,000

shareholders also have witnessed a constant growth in their equity since the Fiscal year 2007/2008:
Shareholders' Equity2014/20152013/20142012/20132011/20122010/20112009/20102008/20092007/2008
Balance sheet quantity67,528,07452,485,37848,109,73538,416,49831,387,40312,353,71210,129,9267,096,491
Growth Rate28.66%9.09%25.23%31.31%154.07%21.95%42.75%63.59%

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Financial Ratios

Corporate governance

The bank's brand has recognized as one of top 100 Iranian brands in the 10th Industry Champions of Iran Festival and was registered in Swiss Federal Institute of Intellectual Property in 2015 and has been allowed to use ® on its logo.

Venture capital

Pishgaman Amin Sarmayeh Pasargad Company was established in 2012 as a venture capital investment fund and subsidiary of Pasargad Financial Group.

Sponsorship