Bank Pasargad

Bank Pasargad (Persian: بانک پاسارگاد, Bānk-e Pāsārgād), 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.^[1]

35.7622°N 51.4158°E / 35.7622; 51.4158

Bank Pasargad

Company type	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) Majid Ghassemi (CEO)
Services	Consumer banking Investment banking
Revenue	US$ 1.64 billion (2018)
Net income	US$ 653.809 million (2018)
Total assets	US$ 10.577 billion (2015) [3]
Total equity	US$ 1.607 billion (2015)[3]
Number of employees	3685 (2015)[3]
Website	en.bpi.ir

While established in Tehran, the bank operates throughout the nation with 3685 employees and 327 branches.^[1][3] BPI is listed under the Tehran Stock Exchange. In 2006, The bank had an initial capital assessment of $250 million.^[1] In 2009, the bank funded and established an art gallery in Tehran.^[4] In 2013, The Banker magazine rated BPI as among the top "1000 banks in the world", ranking 257th overall.^[5] The Bank is also on The Banker's list of the top 500 Islamic financial institutions.^[6]

Cover committee

In 2024 investigative journalism by IITV revealed the bank coordinated Iranian oil smuggling corruption through helping Iranian regime via a cover committee, its members consist of Ali Shamkhani, Yahia Alavi.^[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:^[9][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)^[9][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%

Bank Pasargad's Khovardin branch in Tehran

Bank Pasargad's Kolahdouz St. branch in Tehran

Bank Pasargad's branch in Amol

Financial Ratios

Ratio	As on March 20, 2012	As on March 20, 2013	As on March 20, 2014	As on March 20, 2015
Capital Adequacy Ratio (CAR)	23.12% [9]	21.47% [10]	18.85% [3]	19.84% [3]
Return on assets (ROA)	4.91%[11]	5.11%[10]	4.65%[3]	3.08%[3]
Return on equity (ROE)	28.18%[9]	31.72%[10]	32.11%[3]	21.07%[3]
Earnings Per Share (EPS)	IRR 360.85[11]	IRR 441.55[9]	IRR 522.29[10]	IRR 301.02[3]
Price–earnings ratio (P/E)	5.14[11]	3.55[9]	4.98[3]	5.96[3]

Corporate governance

Majid Ghassemi, the Bank's CEO in 2015

• 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 and has been allowed to use ® on its logo.^{[12] [13]} Bank Pasargad also ranked among world's top-500 banking brands, based on an annual ranking done by The Banker (a Financial Times' Affiliate) and Brand Finance in 2021. According to the ranking's details, Bank Pasargad was among the top-10 climbers in both ranking change (89 ranks upward) and brand value (with a 53% growth).^[14]

Venture capital

See also: Venture capital in Iran

Pishgaman Amin Sarmayeh Pasargad Company (Shenasa) was established in 2012 as a venture capital investment fund and subsidiary of Pasargad Financial Group.^[15]