Bank Pasargad ( fa, بانک پاسارگاد, ''Bank Pasargad''), also known as BPI, is a major Iranian bank offering

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...

commercial Commercial may refer to: * a dose of advertising conveyed through media (such as - for example - radio or television) ** Radio advertisement ** Television advertisement * (adjective for:) commerce, a system of voluntary exchange of products and s ...

and

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

services. The company was established in 2005 as a part of the government's

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

of the banking system. While established in

Tehran Tehran (; fa, تهران ) is the largest city in Tehran Province and the capital of Iran. With a population of around 9 million in the city and around 16 million in the larger metropolitan area of Greater Tehran, Tehran is the most popul ...

, the bank operates throughout the nation with 3685 employees and 327 branches. BPI is listed under the

Tehran Stock Exchange The Tehran Stock Exchange (TSE) ( fa, بورس اوراق بهادار تهران, romanized: ''Burs-e Owraq-e Bahadar-e Tehran'') is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. , 339 companies with a com ...

. In 2006, The bank had an initial capital assessment of $250 million. In 2009, the bank funded and established an

art gallery An art gallery is a room or a building in which visual art is displayed. In Western cultures from the mid-15th century, a gallery was any long, narrow covered passage along a wall, first used in the sense of a place for art in the 1590s. The lon ...

. In 2013, ''

The Banker ''The Banker'' is an English-language monthly international financial affairs publication owned by ''The Financial Times'' Ltd. and edited in London, United Kingdom. The magazine was first published in January 1926 through founding Editor, Brend ...

'' 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 A bureau de change (plural bureaux de change, both ) (British English) or currency exchange (American English) is a business where people can exchange one currency for another. Nomenclature Although originally French, the term "bureau de chang ...

, 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 A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many ...

2007/2008: (Numbers in Million IRR) Pasargad Bank branch at Amol

Financial Ratios

Corporate governance

* Majid Ghassemi - Vice Chairman and

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

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 The Swiss Federal Institute of Intellectual Property (French: ''Institut fédéral de la propriété intellectuelle'', IPI; German: ''Eidgenössisches Institut für Geistiges Eigentum'', IGE; Italian: ''Istituto federale della proprietà intellet ...

in 2015 and has been allowed to use ® on its logo. Bank Pasargad also ranked among world's top-500 banking brands, based on an annual ranking done by

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

' 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).

Venture capital

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

Sponsorship

* Sponsor

Wrestling in Iran Iranian wrestling or Koshti ( fa, کشتی, koshti) is a form of submission grappling that has been practiced since ancient times in Iran. A form today is koshti pahlavani practiced in the zurkhaneh. while regional variations differ from one provi ...

(National team) * Support for athletes

Iran at the 2012 Summer Olympics Iran (officially the Islamic Republic of Iran) competed at the 2012 Summer Olympics in London, from 27 July to 12 August 2012. The nation has competed at every Summer Olympic games since its official debut in 1948 with the exception of the 1980 ...

* Sponsor

Football Federation Islamic Republic of Iran The Football Federation Islamic Republic of Iran (FFIRI) ( fa, فدراسیون فوتبال جمهوری اسلامی ایران, Federâsion-è Futbâl-è Jomhuri-ye Eslâmi-ye Irân) is the governing body of association football in Iran. Formed ...

References

External links

* {{Banks of Iran Banks of Iran Banks established in 2005 Companies listed on the Tehran Stock Exchange Iranian companies established in 2005 Iranian entities subject to the U.S. Department of the Treasury sanctions