Supriya Ghosh (Editor)

Bank Pasargad

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Covid-19
Type  Public
CEO  Majid Ghassemi (2005–)
Number of employees  3,685 (2015)
Area served  Iran
Headquarters  Tehran
Bank Pasargad httpsuploadwikimediaorgwikipediaen445Off
Traded as  TSE: BPAS1 ISIN: IRO1BPAS0008
Industry  Banking, Financial services
Number of locations  327 branches across Iran
Key people  Seyyed Kazem Mirvalad (Chairman) Dr Majid Ghassemi (CEO)
Founded  14 December 2005, Tehran, Iran
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Bank pasargad virtual banking


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. 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.

Contents

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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 (both real and legal) based on the bank's annual report of fiscal year 2014/2015. Pars Arian Group is also the major shareholder of Pasargad Financial Group (includes bank, insurance, leasing, exchange company and several other financial institutions). The combination of the bank's shareholders comes as follows:

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

Corporate governance

  • Majid Ghassemi - Vice Chairman and CEO 2005–present
  • Branding

    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 ad has been allowed to use ® on its logo.

    Venture capital

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

    References

    Bank Pasargad Wikipedia


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