Bank Pasargad

Bank Pasargad
The Millennium Bank
Presentation as at 4 June 2015
No. 430, Mirdamad Blvd., Tehran 1969774511, Iran
Tel: (+9821) 82891575; Fax: (+9821) 88649521 - website: www.bankpasargad.com
- SWIFT: BKBPIRTH
Index
BANK PASARGAD
The Millennium Bank
History
1
Total Owners’ Equity Growth
19
Introduction
2
Net Credit Facility Granted
20
Vision
3
Key Performance Measures
21
Mission
4
Financial Ratios
24
Adherence &Compliance to International Regulations
5
Deposits
25
Major Shareholder
7
International Operations
26
Shareholders
8
Competitive Advantages
31
Organizational Chart
9
Social Responsibilities
32
Executive Board Members
10
Awards and Achievements
33
Facts and Figures
11
Key Contacts
35
Subsidiaries and Affiliates
12
Branches
13
Electronic Banking Services
14
Human Capital
15
Financial Results
16
Total Asset Growth
16
Total Liabilities Growth
17
Assets and Liabilities Structure
18
History
BANK PASARGAD
The Millennium Bank
Sept. 2005
Banking operation's license No. H/2849 granted by the Central Bank of Iran
Dec. 2006
License for full international banking operations granted by the Central Bank of Iran
Aug. 2011
Shares were listed in Tehran Stock Exchange
1
Introduction
BANK PASARGAD
The Millennium Bank
Bank Pasargad is a full licensed bank in Iran providing a wide range of banking services in both
local and foreign currencies in compliance with international and local laws and regulations.
Attention to quality of service, dedication of both management and staff, high banking standards
and observation of international principles are few reasons for which Bank Pasargad has achieved
significant milestones in its brief history.
Bank Pasargad share of Iranian banking market (as of 20 March 2015):

Deposits: 17.32% , second among private banks,

Facilities Granted: 20.38%, second among private banks,

Letters of Credit: 55.52 %, first among private banks,

Guarantees: 12%, third among private banks,

Investment: 26.07%, second among private banks.
2
Vision
BANK PASARGAD
The Millennium Bank
Our Vision
To become the best financial services company in the Middle East banks and to be
ranked among the world’s top 500 corporations.
We will do so by:
Adherence to our core values and principles so fundamental for our success,
Sustainability of development and growth in both domestic and international markets,
Commitment to innovation, customer satisfaction, value creation and sound investment
decisions,
Providing a full range of banking and financial services for private, corporate and
government clients.
3
BANK PASARGAD
Mission
The Millennium Bank
Our Mission Statement
Our mission is to realize high returns and further prosperity for our
stakeholders by assuring a continuous and sustainable growth for the bank
and by having an impact on the growth of the national economy,
To remain committed in assisting companies to grow both domestically and
internationally, enabling businesses to thrive and economies to prosper,
To fulfill our corporate social responsibilities and remain faithful to our core
values of honesty, integrity and creativity,
To always remain a fully “customer-focus” financial institution by relying on
a rich organizational culture and sound fundamental values.
4
Adherence & Compliance to International Regulations
BANK PASARGAD
The Millennium Bank
We fully adhere and comply to all mandatory international legislation
Bank Pasargad has adopted a zero tolerance policy with regards to bribery,
corruption, money laundering and non-observance of sanctions,
Responsibility, Ethics, Transparency & Equity are the 4 essential pillars of
Bank Pasargad Corporate Governance,
Commitment to Anti-Money Laundering (AML) laws and regulations,
Observance of all Central Bank of Iran regulations, requirements and directives,
Educated, well trained and resourceful Compliance Department,
Appointment of an Independent Auditor & Legal Inspector,
Support of transparency and disclosure of information,
5
Adherence & Compliance to International Regulations
BANK PASARGAD
The Millennium Bank
We fully adhere and comply to all mandatory international legislation
Bank Pasargad is committed to observance of:










Monetary and Banking Law (Approved in 1972) and its amendments
Usury-Free Banking Law (Approved in 1983)
Money and Credit Council By-Laws
Central Bank of Iran regulations and requirements
Iranian Tax Law
Securities Market Law of Iran
Bank Pasargad’s Articles of Association
Anti-Money Laundering Act (Approved in 2007)
Approvals of Supreme Council on Anti-Money Laundering
Annual Monetary Financial and Supervisory Policies of Central Bank of Iran
6
BANK PASARGAD
Major Shareholder
The Millennium Bank
Pars Aryan Investment Company (“PAIC”) holds 9.99819% of Bank Pasargad’s shares. PAIC is a
private investment company whose shareholders are from different sectors of the economy and
social classes such as: private individuals, investment funds, EPC companies, pension funds,
construction and development companies, auto industry, and working professionals namely elite
physicians, university professors and lawyers, whose presence as founders was an added value to
the group. The initial capital of PAIC at the time of takeover was IRR 1,000 billion, increased to
IRR 8,280 billion.
Major shareholders and their respective holdings as at 20 March 2015 were as follows:
Type
No. of Shareholders
No. of Shares (Million)
% Ownership
Real Entity
49,905
6,529
21.76
Legal Entity
382
23,471
78.24
50,287
30,000
100
Total
7
BANK PASARGAD
Shareholders
The Millennium Bank
Bank Pasargad is a private bank consisting of private individuals and legal entities.
Shareholders Structure
9.99819%
4.9449%
4.8449%
Pars Aryan Investment Co.
Saman Majd Investment Co.
80.21%
Tamin Atieh Pasargad Financial
Group Human Resources Co.
Others
8
BANK PASARGAD
Organizational Chart
The Millennium Bank
Credit Risk Sub-committee
Supervisory Risk
Management Committee
General Assembly
Nomination Committee
Legal Auditors
Crisis & liquidity Risk
Sub-committee
Strategy Committee
Board of Directors
Operational Risk subcommittee
Audit Committee
Market Risk Sub-committee
Credit Committee
Human Capital
Development High
Committee
Technology & IT
Committee
Recruitment
Committee
Managing Director
Innovation Committee
Disciplinary
Committee
Vice- Managing
Director
Executive Board
Public Relations Management
Managing Bureau
Dept.
Foreign Investment and Asset
Affairs Management
Anti-Money Laundering
Dept.
Internal Audit & Inspection
management
Marketing & Advertisement
Committee
Assets & Liabilities Management
Committee
Private & Corporate
Banking Dep.
Consultants
Human
Capital
Development
Mgmnt.
R&D
&Marketing
affairs
Mgmnt.
Legal Affairs
Mgmnt.
General Assembly
& Subsidiaries
planning Mgmnt
Investment &
participation
Dept.
Properties
and Estate
Dept.
Deputy
Deputy
Logistics
Mgmnt.
Deputy
Plan and
program
affairs
Mgmnt
Branch
Affairs
Mgmnt.
Deputy
IT Mgmnt
Financial
& Treasury
Mgmnt.
Deputy
FOREX
Operations
Mgmnt.
International
Affairs
Mgmnt.
Deputy
Credits &
Loans
Mgmnt.
Deputy
Risk Mgmnt
Dept.
Economic and
Banking
Studies Dept.
9
BANK PASARGAD
Executive Board Members
Majid Ghassemi
Vice Chairman & Managing Director
Former Governor of the Central Bank
of Islamic Republic of Iran
Tel: (+9821) 82891001
Fax: (+9821) 88649521
Email: m.ghassemi@bankpasargad.com
Ahmad Vadidar
Board Member & Chief Executive Officer, in
Charge of Bank’s Branches
& Planning Affairs
Tel: (+9821) 82891012
Fax: (+9821) 88649234
Email: a.vadidar @bankpasargad.com
The Millennium Bank
Zabihollah Khazaei
Board Member & Chief Executive
Officer
in Charge of Financial & IT Affairs
Tel: (+9821) 82891019
Fax: (+9821) 88649234
Email: z.khazaei@bankpasargad.com
Mr. Mohammadreza Hajian
Chief Executive Officer
Tel: (+9821) 82891041
Email: m.hajian @bankpasargad.com
Kamran Ekhtiar
Board Member & Chief Executive Officer, in
Charge of Loan & Credit Affairs
Tel: (+9821) 82891017
Fax: (+9821) 88649234
Email: k.ekhtiar @bankpasargad.com
Mr. Gholam Hossein Vahidnia
Board Member & Chief Executive Officer, in
Charge of Bank’s Logistic Affairs
Tel: (+9821) 82891015
Fax: (+9821) 88649234
Email: gh.vahidnia @bankpasargad.com
10
Facts & Figures
BANK PASARGAD
The Millennium Bank
Capital Changes:
Our Unique Success in the History of Iranian Economy:
Capital Changes
Billion IRR
Total (Billion IRR)
Initial Capital (2005)
3,500
3,500
Capital Increase (2007)
1,750
5,250
Capital Increase (2008)
1,750
7,000
Capital Increase (Nov 2009)
700
7,700
Capital Increase (Nov 2010)
15,400
23,100
Capital Increase (13 March 2012)
4,158
27,258
2,742
30,000
12,000
42,000
Capital Increase (17 March 2013)
Capital Increase (Approved by
General Assembly on 22 July 2014)
11
Subsidiaries and Affiliates
BANK PASARGAD
The Millennium Bank
Pasargad Financial Group consists of the bank and 68 subsidiaries, active in the fields of:
Some of the Companies
•Insurance
•Stock Brokerage
•Investment
•Machinery Leasing
•Mining Industry
Saman Sakht Aryan Co.
Bank's Share
%
99.9
4,099,400
Pasargad Arzesh Afarinan Co.
98
3,527,829
Pasargad Leasing Co.
67
335,000
Pasargad Electronic Payment Co.
30
120,000
Bank Pasargad Brokerage Co.
49
58,800
Pasargad ICT Co. (FANAP)
49
579,180
Modaberan Sakht Aryan Co.
45
1,590,000
1,602,510
•Energy
Middle East Mabna Co.
43.84
Pasargad Insurance Co.
20
•Construction Leasing
Middle East Mines & Mineral Industries Development
Holding Co.
•Construction Industry
Pars Aryan Investment PLC, as the
group's parent company is responsible
for control and management of the
financial group. This table shows the
banks’ main subsidiaries and affiliates as
per 20 March 2015:
Million IRR
19.98
194,846
3,568,055
Pasargad Machinery & Equipment Leasing Co.
18
54,115
Pasargad Exchange Co.
90
198,288
3.91
60,000
Iranian Re-insurance Co.
12
Branches
BANK PASARGAD
The Millennium Bank
Bank Pasargad has successfully expanded its local network of branches in a
short period of time.
Item
2005- 2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
Number of
Branches
11
76
144
201
226
259
296
297
326
327
Number of
branches
350
300
250
200
150
100
50
0
13
Electronic Banking Services
BANK PASARGAD
The Millennium Bank
Virtual Banking Services,
Online Banking Services,
SMS Banking Services,
Telephone Banking Services,
Email Banking Services,
Mobile Banking Services,
Card Services Include:
 Student Card
 Cash Card
 Joint Card
 Health Card
 Family Card
 Shopping Card  Debit Cards
 Gift Card
 Credit Cards
 Travel Cards
14
Human Capital
BANK PASARGAD
The Millennium Bank
Bank Pasargad, pay special attention to employing highly qualified staff. Table below
demonstrates Bank's human capital for the headquarter and the branches according to their
educational background and degrees.
In order to upgrade the knowledge and skills of the bank’s employees with latest changes in the
global banking industry, Bank Pasargad continuously organizes in house training courses.
Human Capital
Work
Experience
Diploma &
Higher Diploma
University Graduate
Post Graduate
PHD
Total
0-10 years
46
2,708
495
-
3,249
10-20 Years
4
6
4
-
14
20-30 Years
2
1
2
1
6
241
135
26
9
411
293
2,850
527
10
3,680
Over 30 Years
Total
15
Total Asset Growth
BANK PASARGAD
The Millennium Bank
Since commencement of its activities, Bank Pasargad has experienced steady growth every year
Index
Fiscal Year
2007-08
Fiscal Year
2008-09
Fiscal Year
2009-10
Fiscal Year
2010-11
Fiscal Year
2011-12
Fiscal Year
2012-13
Fiscal Year
2013-14
Fiscal Year
2014-15
Total Assets
In Million IRR
56,965,020
95,025,056
122,632,927
179,227,880
221,808,446
297,081,643
377,270,230
445,642,577
158.1
66.8
29
46.15
23.76
33.94
26.99
18.12
Growth %
Asset IRR Mio
Total Assets (Million IRR )
450,000,000
400,000,000
350,000,000
300,000,000
250,000,000
200,000,000
150,000,000
100,000,000
50,000,000
0
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
16
Total Liability Growth
BANK PASARGAD
The Millennium Bank
Index
Total Liabilities
(Million IRR)
2007-2008
(fiscal year)
2008-2009
(fiscal year)
2009-2010
(fiscal year)
2010-2011
(fiscal year)
2011-2012
(fiscal year)
2012-2013
(fiscal year)
2013-2014
(fiscal year)
2014-2015
(fiscal year)
49,868,529
84,895,130
110,279,215
147,840,477
183,391,948
251,985,304
324,014,852
376,809,026
181.16
70.24
29.90
34.06
24.05
37.40
28.58
16.2
Growth %
Liabilities IRR
Mio
Total Liabilities (Million IRR)
400,000,000
350,000,000
300,000,000
250,000,000
200,000,000
150,000,000
100,000,000
50,000,000
0
2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014
2014-15
17
Assets and Liabilities Structure
BANK PASARGAD
The Millennium Bank
Assets Combination as of 20 March 2015
0.19%
2.26%
1.86%
Liabilities Combination as of 20 March 2015
3.42%
1.71%
1.33%
0.53%
10.22%
3.74%
1.37%
16.37%
1.88%
2.60%
0.91%
3.99%
85.68%
61.96%
Cash
2,343,749m
Credit Facilities Granted
276,118,098 m
Intangible Assets
Inter-banks Accounts
Call Deposits
Term Deposits
9,732,002 m
321,191,277m
17,765,011m
Other Deposits
Saving Deposits
Due from Central Bank
12,823,919 m
4,976,043m
72,963,064 m
Investments
4,069,100 m
45,537,736 m
Other Liabilities and Accruals
Due to Central Bank
Participation Certificates
Accounts Receivable
5,118,695m
14,006,274m
Other Assets
Interest Payable (Depositors)
850,000 m
Fixed Assets
8,271,988m
10,084,027m
7,639,804m
7,029,873 m
18
Total Owners’ Equity Growth
BANK PASARGAD
The Millennium Bank
Total Owners’ Equity (Million IRR)
Owners’ Equity
(Million IRR)
68,833,551
70,000,000
53,255,378
60,000,000
45,096,339
50,000,000
38,416,498
40,000,000
31,387,403
30,000,000
12,353,712
20,000,000
10,000,000
7,096,491
4,337,896
10,129,926
0
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
19
Net Credit Facility Granted
BANK PASARGAD
The Millennium Bank
Index
(Million IRR)
2006-2007
(fiscal year)
2007-2008
(fiscal year)
2008-2009
(fiscal year)
2009-2010
(fiscal year)
2010-2011
(fiscal year)
2011-2012
(fiscal year)
2012-2013
(fiscal year)
2013-2014
(fiscal year)
2014-2015
(fiscal year)
Credit
Facilities
Granted
11,274,878
39,767,517
64,016,463
76,048,630
109,593,714
137,326,879
174,789,226
219,191,282
276,118,098
902
252.71
60.98
18.80
44.11
25.31
27.28
25.40
25.97
Growth %
Credit Facilities Granted ( Million IRR)
276,118,098
300,000,000
219,191,282
250,000,000
174,789,226
137,326,879
200,000,000
109,593,714
150,000,000
100,000,000
50,000,000
64,016,463 76,048,630
39,767,517
11,274,878
0
20
Key Performance Measures
BANK PASARGAD
The Millennium Bank
20th March
2013
20th March
2014
20th March
2015
32,370,948
44,443,056
58,115,003
74,363,286
6,309,426
10,159,820
14,189,140
16,870,289
15,278,172
31,387,403
38,416,498
45,096,339
53,255,378
68,833,551
Performance
20th March
2007
19th March
2008
20th March
2009
20th March
2010
20th March
2011
20th March
2012
Operating
Income
( Million IRR )
2,140,040
6,746,680
12,963,796
19,977,730
24,807,338
Profit before
Tax
( Million IRR )
857,368
1,679,670
2,446,123
3,548,255
Total Equity
( Million IRR )
4,337,896
7,096,491
10,129,926
12,353,712
Operating Income (Million IRR)
Mar-07
Mar-08
Mar-09
Mar-10
Mar-11
Mar-12
Mar-13
Mar-14
Mar-15
2,140,040
6,746,680
12,963,796
19,977,730
24,807,338
32,370,948
44,443,056
58,115,003
74,363,286
Profit before Tax (Million IRR)
Mar-07
Mar-08
Mar-09
Mar-10
Mar-11
Mar-12
Mar-13
Mar-14
Mar-15
857,368
1,679,670
2,446,123
3,548,255
6,309,426
10,159,820
14,189,140
16,869,429
15,278,172
21
Key Performance Measures
BANK PASARGAD
The Millennium Bank
20th March 20th March 20th March
2010
2011
2012
20th March 20th March 20th March
2013
2014
2015
Performance
20th March
2007
19th March
2008
20th March
2009
Earning Per Share (EPS)
IRR 228
IRR 310
IRR 335
IRR 437.9
IRR 262.53
IRR 360.85
IRR 441.6
IRR 522.3
IRR 332.1
(ROE) Return on Equity
18.41 %
22.91 %
23.15 %
26.65 %
27.66 %
28.18%
31.72%
31.86%
22.99%
(DPS) Dividend Per
Share
IRR 175
IRR 200
IRR 220
IRR 300
IRR 180
IRR 230
IRR250
IRR 320
-
Return on Assets (ROA)
3.62 %
2.85 %
2.47 %
2.75 %
4.02 %
4.91%
5.11%
4.65%
3.39%
Capital Adequacy Ratio
(Million IRR)
28.29 %
18.02 %
15.87 %
15.91 %
23.92%
23.12%
21.47%
19.11%
18.85%
Dividend per Share (DPS) IRR
Mar-07
Mar-08
175
Mar-07
Mar-08
200
Mar-09
Mar-12
Mar-13
Mar-14
228.00
310.00
Mar-09
220
335.00
Mar-10
Mar-10
Mar-11
Earning per Share (EPS) IRR
300
180
Mar-11
Mar-12
230
437.90
262.53
360.85
Mar-13
441.60
Mar-14
250
320
Mar-15
522.30
332.10
22
Key Performance Measures
BANK PASARGAD
The Millennium Bank
Capital Adequacy Ratio ) % (
30
Return on Equity (%)
28.29
23.92
21.47
25
18.02
31.86
27.66 28.18
26.65
30
19.11
20
31.72
35
23.12
18.85
15.91
22.91 23.15
25
15.87
22.99
18.41
15
20
15
10
10
5
5
0
20th
19th
20th
20th
20th
March March March March March
2007
2008
2009
2010
2011
20th
March
2012
20th
20th
20th
march March March
2013
2014
2015
0
20th 19th 20th 20th 20th
20th 20th 20th 20th
March March March March March March March March March
2007 2008 2009 2010 2011 2012 2013 2014 2015
23
Financial Ratios
BANK PASARGAD
The Millennium Bank
The following table presents Bank Pasargad's main financial ratios:
Indices
March
2012
March
2013
March
2014
March
2015
15.91%
23.92% 23.12%
21.47%
19.11%
18.85%
10.66%
10.07%
17.51% 17.32%
15.18%
14.11%
15.45%
Facilities Granted to Equity
Deposits To Equity
6.32
8
6.15
8.67
3.49
4.53
3.87
5.28
4.11
5.74
4.18
5.16
Liquidity
Deposits to Assets
85%
86%
79.31% 77.14%
80.1%
81.03%
79.83%
Asset Quality
Facilities Reserves to Total
Facilities Granted
2.32%
3.99%
3.79%
3.58%
3.58%
3.45%
3.40%
Performance Ratios
Return on Equity
23.15%
26.65%
27.66% 28.18%
31.72%
31.86%
22.99%
Facilities Composition
Facilities Granted to Total
Deposits
Facilities Granted to Total Assets
81%
71%
77.1%
80.25 %
73.45%
71.70%
80.91%
67.37%
62.01%
61.15% 61.91%
58.83%
58.1%
64.59%
Assets Growth
66.81%
29.05%
46.15% 23.76%
33.94%
26.99%
18.12%
Deposits Growth
69%
31%
32.70% 20.38%
39.06%
28.46%
16.38%
Facilities Growth
60.98%
18.80%
44.11% 25.31%
27.28%
25.40%
25.97%
Total Income Growth
92.91%
54.10%
24.17% 30.49%
37.29%
30.76%
27.96%
Net Profit Growth
Per Capita Income
44.24%
6,547
43.78%
8,085
79.84% 62.19%
8,842
10,389
34.67%
13,239
18.29%
16,671
-10.98%
20,740
34,932
40,137
47,685
52,634
67,482
84,749
99,220
28,345
30,116
38,213
43,809
53,781
65,020
80,282
Capital Adequacy Ratios
Growth
March
2009
March
2010
Capital Adequacy
15.87%
Equity to Assets
Efficiency Indices (Million Rials) Deposits to Human Capital
Facilities Granted to Human
Capital
March
2011
3.57
4.45
24
BANK PASARGAD
Deposits
The Millennium Bank
Total deposits stood at IRR 355,753,114 Million as at 20 March 2015 compared to IRR 305,688,986 Million as at 20 March
2014 showing an increase of 16.38 percent.
Description
Total
(Million IRR)
20th March
2010
20th March
2011
20th March
2012
20th March
2013
20th March
2014
20th March
2015
108,684,411
144,745,976
173,865,805
237,957,554
305,688,986
355,753,114
Deposit Structure
Total Deposits Growth
Type
Call
Deposits
20th
March
2010
20th
March
2011
20th
March
2012
20th
March
2013
20th
March
2014
20th
March
2015
(Million IRR)
(Million IRR)
305,688,986
350,000,000
4,928,493
9,563,852
8,985,693
17,418,558
16,759,491
9,732,002
921,720
Term
Deposits
96,751,649
Other
Deposits
4,521,562
Return
on
Deposits
1,560,987
1,639,356
123,515,749
2,847,463
144,461,548
3,713,887
194,370,303
6,217,296
262,627,172
4,976,043
321,191,277
237,957,554
300,000,000
250,000,000
Saving
Deposits
355,753,114
400,000,000
200,000,000
173,865,805
144,745,976
108,684,411
150,000,000
100,000,000
7,428,554
14,817,772
18,808,044
14,212,326
12,823,919
50,000,000
0
2,598,465
2,753,329
3,646,762
5,872,701
7,029,873
25
International Operations
BANK PASARGAD
The Millennium Bank
Foreign Exchange Major Operations
Bank Pasargad was granted license for full foreign exchange operations by CBI on
12th December 2006,
All branches of Bank Pasargad provide various foreign exchange services and accept
applications for issuing of letters of guarantees and documentary credits,
Bank Pasargad provides a vast array of high quality services to its customers..
26
International Operations
BANK PASARGAD
The Millennium Bank
Bank Pasargad's foreign exchange operations include:
Issuing documentary credits,
Documentary bills of exchange (Collections),
Advice and negotiation of export documentary credits,
Issuance of letters of guarantee in foreign currency,
Trade finance and project financing,
Opening and maintaining of individual and corporate accounts in
foreign currency,
Handling inward and outward payment orders in foreign currencies,
Collection of bills/cheques in foreign currency.
27
International Operations
BANK PASARGAD
The Millennium Bank
Summary of the International Trade services rendered by Bank Pasargad
is depicted in the following table:
(USD 1,000)
Description
Sight L/C
Deferred Payment L/C
Refinance L/C
Total Import L/C
Import Documentary Bills
of Exchange
March
2007
March
2008
March
2009
March
2010
March 2011 March 2012 March 2013
March
2014
March
2015
62,094 387,438
628,933
255,505
941,266
3,318,582
5,758,854
551,502
1,087,908
119,594 240,738
500,817
684,065
1,897,313
2,025,648
699,743
814,095
69,247
38,158 311,854
393,760
272,665
964,604
518,632
1,727
-
-
1,523,510 1,212,235
3,803,183
5,862,862
6,460,324 1,365,597
1,280,238
1,363,044 1,475,677
256,486
219,846 940,030
-
36,985
97,696
86,486
73,771
806,643
543
1,695
2,853
1,682
3,169
5,596
3,378
1,311
398
Guarantees Issued
12,247
26,250
86,712
242,000
282,000
241,747
92,874
120,577
37,518
Inward Payment Orders
32,648
77,542
626,737 1,195,609
1,173,059
1,070,479
1,335,687
475,659
266,694
339
37,094
240,252
1,994,749
1,603,033
3,256,592 2,637,609
Local L/C (IRR billion)
Outward Payment Orders
831,784
1,936,603
28
International Operations
BANK PASARGAD
The Millennium Bank
Total Import LCs (USD k)
6,000,000
5,862,862
5,758,854
5,000,000
3,803,183
4,000,000
3,000,000
1,523,510
2,000,000
1,365,597
1,212,235
1,280,238
940,030
1,000,000
219,846
0
20 March
2007
20 March
2008
20 March
2009
20 March
2010
20 March
2011
20 March
2012
20 March
2013
20 March
2014
20 March
2015
29
International Operations
BANK PASARGAD
The Millennium Bank
Payment Orders (USD k)
3,500,000
Guarantees Issued (USD k)
282,000
300,000
3,256,592
241,747
3,000,000
2,637,609
242,000
250,000
2,500,000
1,994,749
2,000,000
1,500,000
1,936,603
200,000
1,603,033
1,195,609 1,173,059
1,070,479
831,784
1,000,000
120,577
150,000
1,335,687
86,712
100,000
92,874
626,737
475,659
500,000
240,252
77,542
37,094
266,694
50,000
26,250
12,247
0
0
Inward Payment Orders
Outward Payment Orders
30
Competitive Advantages
BANK PASARGAD
The Millennium Bank
Bank Pasargad’s advantages are:
High quality products and excellent service,
Dedicated, talented and experienced human capital,
Geographically diversified network of branches, which enables supporting
customers’ requirements nationwide,
Issuing various credit and debit cards for different purposes,
Training sessions conducted to acquaint the bank's customers with effective use of
electronic services.
31
Social Responsibilities
BANK PASARGAD
The Millennium Bank
Sponsorship of environmental project and investing in environmental educational courses,
Supporting different community events and projects,
Granting scholarship to first, second and third ranked applicants of the university entrance
examinations each year,
Establishment of Contemporary Visual Arts’ Museum on Oct 2009 and sponsorship of Art
projects,
Supporting National sport teams in international tournaments,
Organizing athletic contests ,and sport events within the banking industry,
Conducting of training sessions for customers to acquaint them with effective use of E-Banking
services,
ACCA, Grenoble & Nice university training courses within the Pasargad Group.
32
Awards & Achievements
BANK PASARGAD
The Millennium Bank
 Bank Pasargad was established in September 2005 under License No. H/2849 granted by Central Bank of
Iran.
 Bank Pasargad is a fully private bank with more than 1.5 million direct and indirect shareholders and is
listed on the Tehran Stock Exchange.
 Bank Pasargad is Iran’s largest bank in terms of paid-up capital.
 With 327 branches nationwide, Bank Pasargad provides more than 3.4 million clients with a wide-range
of banking services in both local and foreign currencies in compliance with international laws and
regulations.
 Named as Best Bank in Iran “Bank of Excellence” for Year 2014 by Euromoney.
 Due to its elevated standards for customer service and commitment to innovation in all financial and
banking sectors, Bank Pasargad was awarded by The Banker as Bank of the Year in Iran
for years 2010, 2012, 2013, and 2014.
 Bank Pasargad was awarded as Islamic Bank of the Year in Iran for years 2013, 2014 and 2015 by
The Banker.
 With assets estimated above USD 24 billion, Bank Pasargad has been ranked as the 233rd top bank in the
world by The Banker.
33
Awards and Achievements
BANK PASARGAD
The Millennium Bank
10th
largest company on TSE based on Market Capitalization and second among banks (as at 1 June 2015),
Named as the Best Bank in Iran “Bank of Excellence” by Euromoney magazine for the year 2015
Winner of The Banker’s Award as Bank of the Year 2010 , 2012 ,2013 & 2014 in Iran
Winner of The Banker’s Award as Islamic Bank of the Year 2013, 2014 & 2015 in Iran
Recognized by The Banker magazine as:





the world’s 233rd top bank in 2014
1st highest mover bank in 2012 in Middle East
9th highest mover bank in 2012 globally
1st bank in Middle East and 16th globally in 2014 based on ROA
the world’s 328th top brand amongst banks
Highest Profit Increase among Iranian Banks
No. 2 Iranian Private Bank by Tier 1 Capital in 2012
Winner of Iran’s Green Bank Award in 2012
Winner of EFQM silver trophy in 12TH organizational excellence forum in 2014
Member of the Asian Bankers Association (ABA)'s Board of Directors
34
Key Contacts
BANK PASARGAD
The Millennium Bank
International Affairs Director
Mr. Mohammad Amir Davoud
Tel: 0098 21 82891575
Fax: 0098 21 88649521
E-mail: m.davoud@bpi.ir
M. Azizi@fx.bankpasargad.com
N.Jafari@fx .bankpasargad.com
Treasury
Tel: 0098 21 82891230
E-mail: m.azizi@fx.bankpasargad.com
Foreign Exchange Operations Director
Mr. Mohammadpour
Tel: 0098 21 82891221
Fax: 0098 21 88649501
E-mail: s.mohammadpour@bankpasargad.com
Payment Orders
Tel: 0098 21 82891229
E-mail: f.jamshidian@fx.bankpasargad.com
E-mail: n.keshishi@fx.bankpasargad.com
Correspondent Banking
Tel: 0098 21 82891579
E-mail: m.asgharzadeh@bpi.ir
Guarantees
Tel: 0098 21 82891550
E-mail: k.ansari@fx.bankpasargad.com
35